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]

Investors might want to bet on First Savings Financial (FSFG) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The upward trend in estimate revisions for this bank holding company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong corre ...