First Savings Stock Price, News & Analysis

First Savings Financial Group (NASDAQ: FSFG) has declared a quarterly cash dividend of $0.13 per common share. This dividend is set to be paid on or about March 31, 2022 to shareholders on record as of the close of business on March 17, 2022. The company, based in Jeffersonville, Indiana, operates fifteen branches and is recognized for its lending programs, including commercial real estate and SBA lending. Their operational success is fueled by a vision to be the best community bank.

First Savings Financial Group reported net income of $4.3 million, or $0.60 per diluted share, for Q4 2021, down from $9.9 million, or $1.39 per diluted share, in Q4 2020. Net interest income rose by 1.2% to $13.9 million, driven by a decrease in interest expenses, despite a decrease in interest income from a lower average balance of interest-earning assets. Noninterest income dropped significantly by $29.6 million due to lower mortgage banking income. Total assets grew by $43.2 million, and common stockholders' equity rose to $184.2 million, reflecting the company's stability amid challenges in the SBA lending segment.

First Savings Financial Group, Inc. (NASDAQ: FSFG) declared a quarterly cash dividend of $0.12 per common share, payable on or about December 31, 2021, to shareholders of record as of December 17, 2021. The company also announced its annual meeting of stockholders will occur on February 8, 2022. Headquartered in Jeffersonville, Indiana, First Savings Bank operates fifteen branches in southern Indiana and offers national lending programs. The organization aims to be the best community bank and is recognized for its leadership in lending programs.

First Savings Financial Group, Inc. (FSFG) reported a net income of $29.6 million for the fiscal year ending September 30, 2021, down from $33.4 million in 2020. Earnings per share decreased from $4.68 to $4.12. The company saw a 21.2% increase in net interest income, totaling $57.2 million. However, noninterest income fell $12.9 million, largely due to a drop in mortgage banking income. Total assets decreased by $44.1 million. Despite these challenges, the company remains optimistic about growth in core banking and SBA lending segments.

First Savings Financial Group, Inc. (NASDAQ: FSFG) announced a quarterly cash dividend of $0.12 per common share, set to be paid on or about October 22, 2021, to stockholders of record as of the close of business on October 11, 2021. The company operates fifteen branches in southern Indiana and offers various lending programs nationwide, highlighting its community-oriented approach.

First Savings Financial Group, Inc. (NASDAQ: FSFG) announced a three-for-one stock split and a stock repurchase program. Each shareholder as of August 31, 2021, will receive two additional shares for every share held, effective September 15, 2021, resulting in approximately 7,124,388 shares post-split. Additionally, the Company authorized repurchasing up to 356,220 shares, about 5% of outstanding shares post-split, starting September 16, 2021. The CEO expressed confidence in the Company's long-term profitability and capital management, emphasizing shareholder value.

First Savings Financial Group reported a net income of $4.3 million ($1.80 per diluted share) for Q2 2021, down from $15.4 million ($6.51 per diluted share) in Q2 2020. Total assets decreased by $6 million, while common stockholders' equity rose by $20.5 million, totaling $177.7 million. Net interest income increased by 16.8% to $14.2 million, bolstered by a rise in average interest-earning assets. However, noninterest income fell by $28.2 million due to decreased mortgage banking income. The bank continues to maintain adequate reserves for potential loan losses amid ongoing COVID-19 impacts.

First Savings Financial Group, Inc. (NASDAQ: FSFG) has declared a quarterly cash dividend of $0.36 per common share, marking a 100% increase from the previous quarter. This dividend will be payable on or about June 30, 2021 to shareholders on record as of June 16, 2021. According to CEO Larry W. Myers, this decision reflects the company's commitment to returning surplus capital to shareholders and normalizes the dividend payout ratio to around 25% of net income from the core banking segment. The company is also exploring growth and acquisition opportunities.

First Savings Financial Group, Inc. (NASDAQ: FSFG) reported a net income of $10.5 million or $4.39 per diluted share for Q1 2021, a significant recovery from a net loss of $627,000 in Q1 2020. Key drivers included a 37.2% rise in net interest income to $14.8 million, aided by growth in interest-earning assets. Noninterest income surged by $27.8 million, primarily from mortgage banking and SBA loan sales. Although total assets decreased slightly, stockholders’ equity rose by $15.7 million. The company remains well-capitalized, navigating COVID-19 challenges effectively.