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.
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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.
First Savings Financial Group, Inc. (NASDAQ: FSFG) reported a net income of $2.6 million for Q2 2022, down from $4.3 million in Q2 2021. Earnings per diluted share fell from $0.60 to $0.37. Despite an increase in net interest income to $15.9 million, core banking performance was overshadowed by underperformance in SBA lending. Noninterest income dropped significantly by $8.8 million, driven by lower mortgage banking and SBA loan sales income. The company repurchased 59,120 shares, reflecting a commitment to shareholder value amidst anticipated challenges and opportunities ahead.
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