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 (NASDAQ: FSFG) delivers community-focused banking solutions across southern Indiana through its comprehensive services including consumer finance, wealth management, and specialized SBA lending. This news hub provides investors and stakeholders with timely updates on strategic developments and financial performance.
Access official press releases, earnings announcements, and operational updates in one centralized location. Our curated collection features critical information about commercial lending initiatives, leadership changes, and community reinvestment programs, helping you stay informed about this regional banking institution.
Regular updates covering financial results, regulatory filings, and service expansions ensure you never miss key developments. Discover how First Savings' commitment to local decision-making influences its triple net financing strategies and wealth management offerings through verified corporate communications.
Bookmark this page for ongoing access to First Savings' latest announcements. Check back frequently for essential updates that matter to investors, business partners, and the southern Indiana communities served by FSFG since 1937.
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.
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.
