Welcome to our dedicated page for First Savings Financial Group news (Ticker: FSFG), a resource for investors and traders seeking the latest updates and insights on First Savings Financial Group stock.
First Savings Financial Group, Inc. (FSFG) is a prominent financial institution headquartered in Clarksville, Indiana. With roots dating back to 1937, the company has grown and evolved significantly, now operating 14 locations across five southern Indiana counties: Clark, Crawford, Floyd, Harrison, and Washington.
Core Business: First Savings Financial Group, through its primary subsidiary First Savings Bank, offers a comprehensive array of consumer and commercial financial products. These include traditional banking services like savings and checking accounts, loans, and mortgages. The bank also provides wealth management and planning services, ensuring clients have access to expert advice for their financial futures.
In addition to conventional banking services, First Savings Financial Group has diversified its portfolio by offering triple net financing and SBA lending through its subsidiary, Q2 Business Capital. This focus on Small Business Administration loans highlights the company's commitment to supporting local businesses and fostering economic growth in its service areas.
Financial Condition and Achievements: The company maintains a strong financial position by balancing its deposit base with a diverse lending portfolio. This includes residential and commercial mortgages, construction loans, and consumer loans. By investing in mortgage-backed securities and other financial instruments, First Savings Financial Group ensures steady growth and financial stability.
Recent achievements include expanding their service offerings and continuing their dedication to customer service. Decisions are made locally, which allows the company to tailor its financial solutions to the specific needs of the community it serves.
Partnerships and Current Projects: First Savings Financial Group is continually on the lookout for strategic partnerships and innovative projects that can enhance its service offerings. The company's forward-thinking approach ensures that it stays ahead in a competitive market, providing top-notch services to its customers.
First Savings Financial Group (NASDAQ: FSFG) has declared a quarterly cash dividend of $0.14 per common share, payable on or about March 31, 2023, to stockholders of record as of the close of business on March 17, 2023. The Company operates as a community bank headquartered in Jeffersonville, Indiana, with 15 branches in southern Indiana and three national lending programs. First Savings is recognized for its entrepreneurial spirit and commitment to being the best community bank, driving its success in lending initiatives.
First Savings Financial Group, Inc. (NASDAQ: FSFG) reported net income of $2.9 million, or $0.41 per diluted share, for Q1 2023, a decline from $4.3 million, or $0.60 per diluted share in Q1 2022. Factors like a $109 million increase in gross loans led to higher provisions for loan losses. The company also recognized a $351,000 impairment in the SBA lending segment and incurred $1.8 million in restructuring costs in mortgage banking. A significant drop in noninterest income, down $11.4 million, was primarily due to lower mortgage banking and SBA loan sales. Despite challenges, net interest income rose 17% to $16.3 million, with strong asset quality and a focus on Midwest operations.
First Savings Financial Group, Inc. (NASDAQ: FSFG) announced a quarterly cash dividend of $0.13 per common share, payable on or about December 30, 2022, to stockholders of record as of December 16, 2022. The Company, which serves as the holding entity for First Savings Bank, operates 15 branches in southern Indiana, and is recognized for its lending programs, including SBA lending and residential mortgage banking. The bank continues to pursue its vision to become the best community bank.
First Savings Financial Group reported a net income of $16.4 million or $2.30 per diluted share for the year ending September 30, 2022, down from $29.6 million or $4.12 per diluted share in 2021. Despite challenges, the core banking segment showed loan originations and portfolio growth. Net interest income rose 6.1% to $60.7 million. Noninterest income decreased significantly by $69.2 million, primarily from lower mortgage banking income. Total assets increased $336.3 million to $2.06 billion, but stockholder equity decreased by $27.8 million.
First Savings Financial Group, Inc. (NASDAQ: FSFG) has declared a quarterly cash dividend of $0.13 per common share, scheduled for payment on or about September 30, 2022. Stockholders of record as of the close of business on September 16, 2022 will be eligible for this dividend. The Company, headquartered in Jeffersonville, Indiana, operates fifteen branches in southern Indiana and has national lending programs including commercial real estate and SBA lending.
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