Core Viewpoint - First Savings Financial (FSFG) reported quarterly earnings of $0.76 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and showing an increase from $0.52 per share a year ago, representing an earnings surprise of 38.18% [1] Financial Performance - The company posted revenues of $19.55 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.26%, compared to $18.05 million in the same quarter last year [2] - Over the last four quarters, First Savings Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - First Savings Financial shares have declined approximately 5.1% since the beginning of the year, while the S&P 500 has decreased by 8.6% [3] - The stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $19.4 million, and for the current fiscal year, it is $2.45 on revenues of $76.1 million [7] - The estimate revisions trend for First Savings Financial is mixed, and future earnings expectations will depend on management's commentary during the earnings call [4][6] Industry Context - The Financial - Savings and Loan industry is currently in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Core Viewpoint - First Savings Financial Group, Inc. reported a net income increase for the quarter ended March 31, 2025, reaching $5.5 million, or $0.79 per diluted share, compared to $4.9 million, or $0.72 per diluted share, for the same quarter in 2024, indicating a positive trend in financial performance [1][9]. Financial Performance - Net interest income rose by $1.7 million, or 11.6%, to $16.0 million for the quarter ended March 31, 2025, driven by an increase in interest income and a decrease in interest expense [3][10]. - The tax equivalent net interest margin improved to 2.93% for the quarter ended March 31, 2025, up from 2.66% in the same period of 2024 [3][10]. - For the six months ended March 31, 2025, net income was $11.7 million, or $1.68 per diluted share, compared to $5.8 million, or $0.85 per diluted share, for the same period in 2024 [9][10]. Asset Quality - Nonperforming loans decreased by $4.2 million from $16.9 million at September 30, 2024, to $12.7 million at March 31, 2025, with the ratio of nonperforming loans to total gross loans improving to 0.67% [4][23]. - The company recognized a reversal of provision for credit losses for loans of $357,000 for the quarter ended March 31, 2025, compared to a provision of $713,000 for the same period in 2024 [4][11]. Noninterest Income and Expenses - Noninterest income decreased by $150,000 for the quarter ended March 31, 2025, primarily due to a decrease in other income, despite increases in service charges and net gains on sales of SBA loans [5][12]. - Noninterest expense increased by $1.9 million for the quarter ended March 31, 2025, mainly due to higher compensation and benefits and other operating expenses [6][13]. Tax and Equity - The income tax expense for the quarter ended March 31, 2025, was $589,000, down from $866,000 for the same period in 2024, reflecting greater utilization of investment tax credits [7][14]. - Total stockholders' equity increased by $2.1 million from $177.1 million at September 30, 2024, to $179.2 million at March 31, 2025, primarily due to an increase in retained net income [17].

Core Points - First Savings Financial Group, Inc. declared a quarterly cash dividend of $0.16 per common share, payable on or about March 31, 2025, to stockholders of record as of March 14, 2025 [1] Company Overview - First Savings Bank is an entrepreneurial community bank headquartered in Jeffersonville, Indiana, operating fifteen depository branches within Southern Indiana [2] - The Bank has two national lending programs focused on single-tenant net lease commercial real estate and SBA lending, primarily in the Midwest [2] - First Savings Bank is recognized as a leader in its local communities and nationally for its lending programs, with a vision to be the best community bank [2] - The Company's common shares are traded on The NASDAQ Stock Market under the symbol "FSFG" [2]

Financial Performance - Net income for the three-month period ended December 31, 2024, was $6.2 million, or $0.89 per diluted share, compared to $920,000, or $0.13 per diluted share, for the same period in 2023[193]. - Net interest income increased by $1.3 million, or 9.6%, for the three-month period ended December 31, 2024, compared to the same period in 2023[194]. - Noninterest income increased by $3.3 million for the three-month period ended December 31, 2024, primarily due to a $2.5 million net gain on the sale of loans[205]. - Noninterest expense decreased by $1.1 million for the three-month period ended December 31, 2024, compared to the same period in 2023, primarily due to reductions in compensation and benefits, occupancy and equipment, and professional fee expenses[207]. - The Company recognized an income tax expense of $848,000 for the three-month period ended December 31, 2024, compared to an income tax benefit of $476,000 for the same period in 2023, with an effective tax rate of 12.0%[208]. Balance Sheet Changes - Cash and cash equivalents increased by $24.1 million from $52.1 million at September 30, 2024, to $76.2 million at December 31, 2024[184]. - Net loans receivable decreased by $79.3 million, from $1.96 billion at September 30, 2024, to $1.88 billion at December 31, 2024, primarily due to a $87.2 million bulk sale of residential real estate home equity line of credit loans[184]. - Total deposits decreased by $48.1 million from $1.88 billion at September 30, 2024, to $1.83 billion at December 31, 2024[188]. - Stockholders' equity decreased by $1.1 million from $177.1 million at September 30, 2024, to $176.0 million at December 31, 2024[192]. - As of December 31, 2024, the Bank had cash and cash equivalents of $76.2 million and securities available-for-sale with a fair value of $241.6 million, including $130.3 million that are unpledged[209]. - As of December 31, 2024, deposits exceeding the FDIC insurance limit of $250,000 per insured account were estimated to be $570.4 million, or 31.1% of total deposits[211]. Capital and Borrowing - The Bank maintained Tier 1 capital ratio of 9.33%, common equity Tier 1 capital ratio of 11.93%, and total capital ratio of 13.01% as of December 31, 2024, all above the regulatory requirements[215]. - The Bank had the ability to borrow a total of $800.0 million from the FHLB, of which $295.0 million was borrowed and outstanding as of December 31, 2024[209]. Interest Rate Risk Management - The Company's net interest income could decrease by $2.4 million, or 3.29%, over a one-year horizon with an immediate and sustained increase in interest rates of 1.00%[226]. - An immediate and sustained decrease in rates of 1.00% would increase net interest income by $2.9 million, or 3.95% over a one-year horizon compared to a flat interest rate scenario[226]. - A 2.00% increase in interest rates would lead to a decrease in net interest income by 6.01%, while a 3.00% increase would result in an 8.68% decrease[226]. - Conversely, a 1.00% decrease in interest rates would increase net interest income by $2.9 million, or 3.95%, over the same period[226]. - The Company aims for long-term profitability while managing interest rate risk through strategies that include shortening the effective maturities of interest-earning assets[221]. - The Company relies primarily on retail deposits as a stable source of funding, which helps mitigate the effects of interest rate fluctuations[221]. - The management utilizes a Net Interest Income at Risk simulation to assess interest rate sensitivity and its impact on projected net interest income[223]. - The Company does not engage in hedging activities or high-risk derivative instruments, minimizing exposure to foreign currency exchange rate risk or commodity price risk[222]. - The Company emphasizes the origination of short-term loans to manage interest rate risk effectively[221]. Internal Controls and Compliance - The Company's management concluded that the disclosure controls and procedures were effective as of December 31, 2024, ensuring timely and accurate reporting[229]. - The internal control over financial reporting is designed to ensure reliability and compliance with U.S. GAAP[230]. - There have been no changes in internal controls over financial reporting that materially affected their effectiveness during the three months ended December 31, 2024[233]. - The Company has not engaged in any off-balance sheet transactions that are reasonably likely to have a material effect on its consolidated financial condition for the three-month period ended December 31, 2024[217].

Financial Performance - The Company reported net income of $6.2 million, or $0.89 per diluted share, for Q1 2025, compared to $920,000, or $0.13 per diluted share, for Q1 2024, representing a significant increase in profitability[1] - Net income attributable to the Company (GAAP) for Q4 2024 was $6,225,000, a significant increase from $920,000 in Q4 2023[19] - Diluted net income per share (GAAP) rose to $0.89 in Q4 2024, compared to $0.13 in Q4 2023[19] - Core Bank segment net income (GAAP) increased to $6,369,000 in Q4 2024 from $4,048,000 in Q4 2023[19] - Total noninterest income for Q4 2024 was $6,103,000, significantly higher than $2,782,000 in Q4 2023[21] - Total noninterest income for the three months ended December 31, 2024, was $6,103,000, significantly up from $2,782,000 in the same period of 2023, representing a year-over-year increase of 119%[22] - Net income for the Core Banking Segment was $6,369,000 for the three months ended December 31, 2024, compared to $4,048,000 in the same period of 2023, marking a year-over-year increase of 57.3%[23] - Total net income per share, basic, increased to $0.91 in Q4 2024 from $0.54 in Q3 2024, reflecting a growth of 68.5%[24] Interest Income and Margin - Net interest income increased by $1.3 million, or 9.6%, to $15.5 million for the three months ended December 31, 2024, driven by a $3.8 million increase in interest income[3] - The tax equivalent net interest margin improved to 2.75% for Q1 2025, up from 2.69% in Q1 2024[3] - Total interest income for Q4 2024 was $32,449,000, compared to $28,655,000 in Q4 2023[21] - Net interest income for the Core Banking Segment was $13,756,000 for the three months ended December 31, 2024, compared to $13,113,000 for the same period in 2023, reflecting a growth of 4.9%[23] - The weighted average yield on total interest-earning assets was 5.68% in September 2024, compared to 5.37% in December 2023, indicating an increase of 31 basis points[27] - The net interest margin (tax equivalent basis) was 2.75% in September 2024, compared to 2.69% in December 2023, indicating an improvement of 6 basis points[27] Assets and Liabilities - Total assets decreased by $61.6 million, from $2.45 billion at September 30, 2024, to $2.39 billion at December 31, 2024[8] - Total liabilities decreased by $60.5 million, primarily due to a $48.1 million decrease in total deposits[9] - Total assets as of December 31, 2024, were $2,388,735,000, compared to $2,308,092,000 as of December 31, 2023[21] - Total loans, net of allowance for credit losses, were $1,884,514,000 as of December 31, 2024, up from $1,841,953,000 a year earlier[21] - Total deposits increased to $1,832,774,000 as of December 31, 2024, from $1,683,846,000 in the previous year[21] - The total interest-bearing liabilities increased to $2,035,355 thousand in September 2024, up from $1,878,628 thousand in December 2023, reflecting a growth of 8.4%[27] Equity and Capital Management - Total stockholders' equity decreased by $1.1 million, from $177.1 million at September 30, 2024, to $176.0 million at December 31, 2024[10] - The Company plans to use surplus capital generated from the bulk sale to retire high-cost subordinated debt and repurchase common shares, focusing on maximizing shareholder value[2] Efficiency and Operational Metrics - Efficiency ratio (GAAP) improved to 69.29% in Q4 2024, down from 94.93% in Q4 2023[20] - The return on average assets increased to 1.02% for the three months ended December 31, 2024, up from 0.16% in the same period of 2023[22] - The efficiency ratio improved to 69.29% for the three months ended December 31, 2024, compared to 94.93% in the same period of 2023, indicating enhanced operational efficiency[22] - Core Banking's efficiency ratio improved to 66.15% in Q4 2024 from 64.50% in Q3 2024[24] Credit Quality - The Company recognized a reversal of provision for credit losses of $490,000 for loans, compared to a provision of $470,000 in the same period last year, primarily due to a bulk sale of approximately $87.2 million of home equity lines of credit[4] - Nonperforming loans as a percentage of total loans slightly increased to 0.87% as of December 31, 2024, from 0.83% in the same period of 2023[22] - The allowance for credit losses as a percentage of total loans was 1.09% as of December 31, 2024, compared to 1.01% in the same period of 2023, indicating a slight increase in provisions[22] Segment Performance - The SBA Lending Segment reported a net loss of $144,000 for the three months ended December 31, 2024, compared to a net loss of $470,000 in the same period of 2023, showing improvement[23] - The net gain on sales of loans in the Small Business Administration segment was $711,000 for the three months ended December 31, 2024, compared to $834,000 in the same period of 2023[22] - The company ceased its national mortgage banking operations in the quarter ended December 31, 2023, with subsequent immaterial mortgage lending activity reported within the Core Banking segment[23]

Company Overview - First Savings Financial (FSFG) is based in Jeffersonville and operates in the Finance sector, with shares experiencing a price change of -9.83% this year [3] - The company currently pays a dividend of $0.15 per share, resulting in a dividend yield of 2.51%, which is lower than the Financial - Savings and Loan industry's yield of 2.91% and the S&P 500's yield of 1.48% [3] Dividend Performance - FSFG's annualized dividend of $0.60 has increased by 1.7% from the previous year, with the company having raised its dividend five times over the last five years, averaging an annual increase of 25.25% [4] - The current payout ratio for FSFG is 28%, indicating that the company paid out 28% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, FSFG anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2.65 per share, reflecting a year-over-year growth rate of 55.88% [5] Investment Considerations - FSFG is considered a compelling investment opportunity due to its strong dividend profile, despite the challenges faced by high-yielding stocks during periods of rising interest rates [7] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [7]

Core Financial Performance - The company reported net income of $6.2 million, or $0.89 per diluted share, for the quarter ended December 31, 2024, compared to $920,000, or $0.13 per diluted share, for the same quarter in 2023, indicating a significant increase in profitability [1][14] - Excluding nonrecurring items, the company reported a non-GAAP net income of $4.3 million, or $0.62 per diluted share, for the quarter ended December 31, 2024, compared to $920,000, or $0.13 per diluted share, for the same period in 2023 [1][17] - The core banking segment net income was $6.4 million, or $0.91 per diluted share, for the quarter ended December 31, 2024, compared to $4.0 million, or $0.59 per diluted share, for the same quarter in 2023 [1][18] Revenue and Income Analysis - Net interest income increased by $1.3 million, or 9.6%, to $15.5 million for the three months ended December 31, 2024, compared to the same period in 2023 [3][14] - The tax equivalent net interest margin for the quarter was 2.75%, up from 2.69% in the same period last year [3][25] - Noninterest income rose by $3.3 million for the three months ended December 31, 2024, primarily due to a $2.5 million net gain on the sale of loans from the bulk loan sale [5][14] Expense Management - Noninterest expense decreased by $1.1 million for the three months ended December 31, 2024, attributed to reductions in compensation and benefits, occupancy and equipment, and professional fees [6][14] - The efficiency ratio improved to 69.29% for the quarter, down from 94.93% in the same period last year, reflecting better cost management [14][25] Asset Quality and Credit Losses - The company recognized a reversal of provision for credit losses of $490,000 for loans and $7,000 for securities for the quarter ended December 31, 2024, compared to a provision for credit losses of $470,000 for loans in the same period last year [4][14] - Nonperforming loans decreased by $374,000 from $16.9 million at September 30, 2024, to $16.6 million at December 31, 2024 [4][15] Balance Sheet Overview - Total assets decreased by $61.6 million, from $2.45 billion at September 30, 2024, to $2.39 billion at December 31, 2024, primarily due to a $79.3 million decrease in net loans held for investment [8][15] - Total liabilities decreased by $60.5 million, mainly due to a $48.1 million decrease in total deposits [9][15] - Total stockholders' equity decreased by $1.1 million, from $177.1 million at September 30, 2024, to $176.0 million at December 31, 2024 [10][15]

Group 1: Company Overview - First Savings Financial (FSFG) is based in Jeffersonville and operates in the Finance sector, with shares experiencing a price change of -6.29% this year [3] - The company currently pays a dividend of $0.15 per share, resulting in a dividend yield of 2.41%, which is lower than the Financial - Savings and Loan industry's yield of 2.68% and the S&P 500's yield of 1.59% [3] Group 2: Dividend Performance - FSFG's current annualized dividend of $0.60 has increased by 1.7% from the previous year, and over the past five years, the company has raised its dividend five times, averaging an annual increase of 25.25% [4] - The company's payout ratio stands at 28%, indicating that it paid out 28% of its trailing 12-month earnings per share as dividends [4] Group 3: Earnings Growth Expectations - For the fiscal year, FSFG anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2.65 per share, reflecting a year-over-year earnings growth rate of 55.88% [5] Group 4: Investment Considerations - FSFG is considered a compelling investment opportunity due to its strong dividend profile, despite the general trend that high-yielding stocks may struggle during periods of rising interest rates [7] - The stock currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [7]

Company Overview - First Savings Financial (FSFG) is headquartered in Jeffersonville and operates in the Finance sector [1] - The stock has experienced a price change of 51.13% since the beginning of the year [1] - The company currently pays a dividend of $0.15 per share, resulting in a dividend yield of 2.36% [1] - In comparison, the Financial - Savings and Loan industry's yield is 3.06%, while the S&P 500's yield is 1.53% [1] Earnings and Growth - FSFG expects solid earnings growth for the fiscal year, with the Zacks Consensus Estimate for 2024 at $2.65 per share, indicating a year-over-year growth rate of 55.88% [4] - The company's current annualized dividend of $0.60 has increased by 1.7% from the previous year [7] - FSFG has raised its dividend 5 times over the last 5 years, with an average annual increase of 27.91% [7] - The current payout ratio is 28%, meaning the company paid out 28% of its trailing 12-month EPS as dividends [7] Investment Appeal - FSFG is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 1 (Strong Buy) [5]

Company Overview - First Savings Financial (FSFG) is based in Jeffersonville and operates in the Finance sector, with shares experiencing a price change of 72.2% this year [3] - The company currently pays a dividend of $0.15 per share, resulting in a dividend yield of 2.07%, which is lower than the Financial - Savings and Loan industry's yield of 2.97% and the S&P 500's yield of 1.48% [3] Dividend Performance - FSFG's annualized dividend of $0.60 has increased by 1.7% from the previous year, with the company having raised its dividend five times over the last five years, averaging an annual increase of 27.91% [4] - The current payout ratio for FSFG is 28%, indicating that the company pays out 28% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year 2024, the Zacks Consensus Estimate projects earnings of $2.65 per share for FSFG, reflecting a year-over-year earnings growth rate of 55.88% [5] Investment Considerations - FSFG is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy), making it appealing to income investors [7]