Welcome to our dedicated page for First Savings news (Ticker: FSFG), a resource for investors and traders seeking the latest updates and insights on First Savings stock.
First Savings Financial Group, Inc. (NASDAQ: FSFG) is the holding company for First Savings Bank, an entrepreneurial community bank headquartered in Jeffersonville, Indiana. Company news releases describe a branch network of fifteen depository locations in southern Indiana and two national lending programs focused on single-tenant net lease commercial real estate and SBA lending, with offices predominantly in the Midwest.
This FSFG news page highlights official announcements that the company furnishes through GlobeNewswire and the SEC. Readers can review earnings releases that discuss net income, net interest income, net interest margin on a tax-equivalent basis, provisions for credit losses, noninterest income from activities such as gains on sales of SBA loans and home equity lines of credit, and noninterest expenses. These releases often include management commentary on asset quality, deposit trends, and capital and liquidity management.
In addition to quarterly and annual financial results, the company regularly issues news about quarterly cash dividends on its common stock, specifying per-share amounts, record dates, and expected payment dates. Other news items have covered the redemption of subordinated notes, strategic balance sheet actions such as bulk sales of home equity lines of credit, and the cessation of national mortgage banking operations.
A significant portion of recent FSFG news relates to its Agreement and Plan of Merger with First Merchants Corporation, under which FSFG will merge with and into First Merchants, and First Savings Bank will merge with and into First Merchants Bank, subject to regulatory and shareholder approvals. Investors and observers can use this page to follow merger-related updates, dividend declarations, and detailed financial disclosures in one place.
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.
First Savings Financial Group (NASDAQ: FSFG) announces the appointment of Brian Simon as Senior Vice President, Mortgage Banking Director, effective March 1, 2021. Simon brings extensive experience from previous leadership roles at major mortgage firms including Caliber Home Loans and New Penn Financial. He has also served on advisory boards for Fannie Mae and Freddie Mac. His expertise is expected to enhance the strategic execution of the Bank’s mortgage operations, which operates fifteen offices across Indiana.
First Savings Financial Group (NASDAQ: FSFG) announced its participation in the Inaugural Emerging Growth Virtual Conference, taking place on March 17-18, 2021. Key executives, including Larry W. Myers, President and CEO, and Tony A. Schoen, CFO, will present alongside industry leaders in banking, healthcare, technology, and industrial sectors. This event will feature numerous presentations, roundtable discussions, and live Q&As. Interested attendees can register through M-Vest to access exclusive content and updates.
First Savings Financial Group, Inc. (NASDAQ: FSFG) announced a quarterly cash dividend of $0.18 per common share, payable on or about March 31, 2021. This dividend will benefit stockholders of record as of the close of business on March 17, 2021. The company operates fifteen bank branches across several Indiana communities, providing access to accounts via online banking services.
First Savings Financial Group (NASDAQ: FSFG) reported a net income of $9.9 million or $4.16 per diluted share for the quarter ending December 31, 2020, a 189% increase from the previous year. Key highlights include strong earnings, asset and deposit growth, and the acquisition of Q2 Business Capital, LLC, enhancing SBA loan services. Total assets rose to $1.87 billion, with net loans increasing by $24.6 million. The bank's commitment to assist customers during the COVID-19 pandemic included loan forbearance agreements and participation in the PPP.
First Savings Financial Group, Inc. (NASDAQ: FSFG) has announced a quarterly cash dividend of $0.17 per common share, payable on or about December 31, 2020, to stockholders of record as of December 17, 2020. This reflects the company's commitment to returning value to its shareholders. Additionally, the company's annual meeting of stockholders is scheduled for February 16, 2021. First Savings Bank operates 15 offices across various Indiana communities, offering online banking services accessible via its website.
First Savings Financial Group (NASDAQ: FSFG) reported a substantial net income increase to $33.4 million ($14.04/share) for the year ending September 30, 2020, up 106% from $16.2 million ($6.82/share) in 2019. The company cited record earnings and asset growth despite challenges posed by COVID-19. Total assets rose by $542 million to $1.76 billion, driven by strong loan growth, especially in commercial and SBA portfolios. However, nonperforming loans increased to $13.6 million, and the company recognized a higher loan loss provision of $8 million amid economic uncertainties.
First Savings Financial Group, Inc. (NASDAQ: FSFG) announced a quarterly cash dividend of $0.17 per common share, payable on September 30, 2020. Stockholders of record as of September 16, 2020 will receive this dividend. The Bank serves various communities across Indiana with fifteen offices and provides access to banking services through its website, facilitating online banking and electronic bill payments.
First Savings Financial Group (NASDAQ: FSFG) reported a remarkable net income of $15.4 million, or $6.51 per diluted share, for Q2 2020, significantly up from $4.4 million, or $1.85 per diluted share, in Q2 2019. This marks a strong 250% year-over-year increase, attributed to improved net interest income of $12.8 million, a 29.4% rise. The company also saw a $2.9 million increase in loan loss reserves due to economic uncertainties from COVID-19. Despite challenges, total assets surged by $438.7 million, reaching $1.66 billion by June 30, 2020.