First Savings Financial Group, Inc. (FSFG) 10-Year Financial Performance & Capital Metrics

FSFG • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingSBA & Specialty Lending

AboutFirst Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits. The company also provides loans, including one-to four-family residential real estate, commercial real estate, construction, land and land development, multi-family real estate, and commercial business loans, as well as consumer loans, such as automobile loans, home equity lines of credit, unsecured loans, and loans secured by deposits. In addition, it is involved in the mortgage banking; investment activities; and the provision of property and casualty insurance products, and reinsurance to other third-party insurance captives. The company operates 15 branches. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Jeffersonville, Indiana.Show more

Net Interest Income $56M -6.1%
Total Revenue $134M +4.6%
Net Income $14M +66.3%
Return on Equity 8.29% +53.4%
Net Interest Margin 2.31% -12.2%
Efficiency Ratio 39.27% -33.7%
ROA 0.57% +53.8%
Equity / Assets 7.23% +9.6%
Book Value per Share 25.83 +17.7%
Tangible BV/Share 23.93 +111.8%
Debt/Equity 1.98 -27.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 39.3% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.3x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y15.24%

5Y7.2%

3Y-10.2%

TTM-

Profit (Net Income) CAGR

10Y9.69%

5Y-3.42%

3Y-22.82%

TTM135.06%

EPS CAGR

10Y9.76%

5Y-2.7%

3Y-21.67%

TTM130.6%

ROCE

10Y Avg5.04%

5Y Avg4.75%

3Y Avg2.51%

Latest2.61%

Peer Comparison

SBA & Specialty Lending

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFINTriumph Financial, Inc.	1.68B	70.50	130.56	3.34%	3.3%	1%		0.16
LOBLive Oak Bancshares, Inc.	1.74B	37.87	22.41	19.67%	8.34%	5.78%	28.05%	0.11
ESQEsquire Financial Holdings, Inc.	923.79M	107.85	20.98	13.67%	31.57%	17.59%	4.23%
FINWFinWise Bancorp	243.89M	17.95	19.30	12.56%	13.07%	7.97%		0.03
FSFGFirst Savings Financial Group, Inc.	228.62M	32.59	16.46	4.58%	10.11%	11.73%	39.59%	1.98
RBBRBB Bancorp	372.65M	21.86	14.87	-1.75%	11.49%	5.09%	15.49%	0.72
HOPEHope Bancorp, Inc.	1.5B	11.72	14.29	-8.63%	9.96%	2.29%	7.12%	0.18
RBCAARepublic Bancorp, Inc.	1.27B	72.96	14.08	18.56%	20.28%	11.76%	11.29%	0.54

Profit & Loss

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Net Interest Income+	23.91M	24.98M	29.15M	35.36M	39.45M	46.54M	56.59M	59.92M	60.14M	56.5M
NII Growth %	0.01%	0.04%	0.17%	0.21%	0.12%	0.18%	0.22%	0.06%	0%	-0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	27.68M	29.15M	33.6M	41.69M	50.35M	57.08M	64.68M	70.27M	101.79M	120.42M
Interest Expense	3.78M	4.17M	4.46M	6.34M	10.91M	10.54M	8.09M	10.54M	41.66M	63.93M
Loan Loss Provision	859K	637K	1.3M	1.35M	1.46M	7.96M	-1.77M	1.91M	2.61M	3.09M
Non-Interest Income+	6.28M	3.51M	8.9M	13.73M	44.58M	133.98M	120.94M	52.15M	26.73M	13.98M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	33.96M	32.66M	42.5M	55.43M	94.93M	191.06M	185.62M	122.42M	128.52M	134.4M
Revenue Growth %	0.04%	-0.04%	0.3%	0.3%	0.71%	1.01%	-0.03%	-0.34%	0.05%	0.05%
Non-Interest Expense	21M	22.27M	24.91M	32.98M	62.47M	125.82M	139.33M	92.66M	76.07M	52.77M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	8.33M	5.59M	11.83M	14.76M	20.09M	46.74M	39.97M	17.31M	8.18M	14.61M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.12%	-0.33%	1.12%	0.25%	0.36%	1.33%	-0.14%	-0.57%	-0.53%	0.79%
Pretax Income+	8.33M	5.59M	11.83M	14.76M	20.09M	46.74M	39.97M	17.31M	8.18M	14.61M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.58M	-2.32M	2.52M	2.42M	3.1M	12.66M	10M	1.92M	10K	1.02M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.75M	7.91M	9.31M	10.9M	16.18M	33.35M	29.57M	15.39M	8.17M	13.59M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.25%	0.17%	0.18%	0.17%	0.48%	1.06%	-0.11%	-0.48%	-0.47%	0.66%
Net Income (Continuing)	6.75M	7.91M	9.31M	12.34M	17M	34.08M	29.97M	15.39M	8.17M	13.59M
EPS (Diluted)+	0.98	1.14	1.32	1.53	2.27	4.68	4.12	2.15	1.19	1.98
EPS Growth %	0.26%	0.16%	0.16%	0.16%	0.48%	1.06%	-0.12%	-0.48%	-0.45%	0.66%
EPS (Basic)	1.02	1.19	1.40	1.61	2.33	4.72	4.16	2.18	1.19	1.99
Diluted Shares Outstanding	6.74M	6.91M	7.04M	7.12M	7.12M	7.13M	7.17M	7.14M	6.88M	6.86M

Balance Sheet

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	28.09M	32.44M	36.69M	44.77M	43.7M	36.69M	35.65M	43.28M	31.34M	52.63M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	646.86M	701.74M	793.07M	923.38M	1.09B	1.58B	1.5B	1.85B	2.05B	2.24B
Investments Growth %	0.04%	0.08%	0.13%	0.16%	0.18%	0.45%	-0.05%	0.24%	0.1%	0.09%
Long-Term Investments	468.54M	527.25M	614.97M	739M	909.06M	1.38B	1.29B	1.54B	1.82B	1.99B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	7.94M	7.94M	7.94M	9.85M	9.85M	9.85M	9.85M	9.85M	9.85M	9.85M
Intangible Assets	1.38M	1.04M	693K	1.73M	5.38M	26.65M	55.01M	67.97M	63.38M	3.15M
PP&E (Net)	13.84M	11.67M	11.27M	13.01M	19.24M	24.41M	27.67M	27.1M	27.86M	26.46M
Other Assets	49.18M	38.88M	38.07M	37.38M	53.01M	80.91M	87.58M	84.12M	101.13M	107.61M
Total Current Assets	209.08M	209.74M	218.19M	233.44M	226.04M	245.12M	248.57M	368.13M	269.24M	312.69M
Total Non-Current Assets	540.87M	586.77M	672.94M	800.97M	996.54M	1.52B	1.47B	1.73B	2.02B	2.14B
Total Assets+	749.95M	796.52M	891.13M	1.03B	1.22B	1.76B	1.72B	2.09B	2.29B	2.45B
Asset Growth %	0.05%	0.06%	0.12%	0.16%	0.18%	0.44%	-0.02%	0.22%	0.09%	0.07%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0%	0.01%
Accounts Payable	186K	195K	283K	743K	935K	683K	258K	1.3M	8.93M	13.38M
Total Debt+	110.84M	122.98M	119.41M	111.01M	246.27M	330.65M	269.87M	395.51M	411.63M	350.24M
Net Debt	82.75M	90.54M	82.72M	66.24M	202.58M	293.96M	234.22M	352.23M	380.29M	297.61M
Long-Term Debt	109.5M	121.63M	118.06M	109.66M	242.27M	330.65M	269.87M	395.51M	411.63M	350.24M
Short-Term Debt	1.34M	1.34M	1.35M	1.35M	4M	0	0	0	0	0
Other Liabilities	883K	1.01M	1.21M	1.22M	1.91M	177.45M	2.08M	1.21M	1.03M	28.75M
Total Current Liabilities	545.21M	587.29M	678.74M	823.28M	857.14M	1.1B	1.27B	1.55B	1.73B	1.89B
Total Non-Current Liabilities	110.38M	122.65M	119.28M	110.88M	244.18M	508.1M	271.94M	396.72M	412.65M	378.99M
Total Liabilities	655.59M	709.94M	798.02M	934.16M	1.1B	1.61B	1.54B	1.94B	2.14B	2.27B
Total Equity+	94.36M	86.58M	93.11M	100.25M	121.26M	157.56M	180.38M	151.56M	150.98M	177.12M
Equity Growth %	0.08%	-0.08%	0.08%	0.08%	0.21%	0.3%	0.14%	-0.16%	-0%	0.17%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.09%	0.1%	0.11%	0.15%	0.24%	0.17%	0.09%	0.05%	0.08%
Book Value per Share	13.99	12.53	13.23	14.08	17.04	22.11	25.14	21.22	21.94	25.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	25K	25K	25K	26K	26K	26K	78K	78K	78K	78K
Additional Paid-in Capital	43.92M	27.18M	27.8M	27.63M	27.49M	27.48M	25.72M	26.77M	26.99M	27.65M
Retained Earnings	52.76M	59.5M	67.58M	76.52M	91.23M	123.16M	150.19M	161.93M	166.31M	173.34M
Accumulated OCI	4.21M	5.94M	4.16M	382K	7.3M	11.21M	8.9M	-27.08M	-29.59M	-11.2M
Treasury Stock	-6.36M	-6.07M	-5.88M	-5.27M	-4.54M	-4.25M	-4.37M	-9.16M	-11.79M	-11.85M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2015	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-563K	9.37M	-2.23M	17.96M	-44.73M	-139.69M	114.89M	148.81M	32.76M	91.2M
Operating CF Growth %	-1.07%	17.63%	-1.24%	9.06%	-3.49%	-2.12%	1.82%	0.3%	-0.78%	1.78%
Net Income	6.75M	7.91M	9.31M	12.34M	17M	34.08M	29.97M	15.39M	8.17M	13.59M
Depreciation & Amortization	1.45M	1.46M	1.16M	1.37M	1.68M	1.86M	2.3M	2.45M	2.55M	2.37M
Deferred Taxes	-36K	-2.43M	1.84M	235K	507K	4.49M	7.86M	1.67M	-716K	-16.05M
Other Non-Cash Items	-5.77M	3.6M	-17.04M	-5.37M	-62.93M	-185.31M	82.56M	129.78M	21.39M	81.07M
Working Capital Changes	-4.06M	-1.8M	2.32M	9.18M	-1.22M	4.91M	-8.07M	-1.16M	669K	9.52M
Cash from Investing+	-19.02M	-45.33M	-78.23M	-50.49M	-112.13M	-339.43M	-55.88M	-544.22M	-263.99M	-203.33M
Purchase of Investments	-24.09M	-18.94M	-32.35M	-50.02M	-24.45M	-37.81M	-29.52M	-213.38M	-17.84M	-15.28M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	6.67M	0	0	-3.17M	0	0	-18K
Other Investing	-25.16M	-49.03M	-70.69M	-83.39M	-118.26M	-311.98M	-38.91M	-385.61M	-339.56M	-196.63M
Cash from Financing+	24.24M	40.31M	85.38M	40.54M	156.01M	471.42M	-59.31M	403.64M	220.41M	133.43M
Dividends Paid	-1.17M	-1.17M	-1.23M	-1.34M	-1.47M	-1.59M	-1.69M	-4.5M	-3.79M	-4.05M
Share Repurchases	-132K	0	0	-46K	0	0	0	-4.75M	-2.63M	-79K
Stock Issued	0	0	0	0	0	0	27K	0	0	15K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	401K	46.47M	90.18M	50.34M	24.94M	209.86M	178.04M	287.34M	172.29M	199.09M
Net Change in Cash+	4.66M	4.35M	4.92M	8.02M	-842K	-7.71M	-298K	8.24M	-10.82M	21.3M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	20.33M	24.99M	29.34M	34.26M	42.27M	41.43M	33.73M	33.43M	41.66M	30.84M
Cash at End	24.99M	29.34M	34.26M	42.27M	41.43M	33.73M	33.43M	41.66M	30.84M	52.14M
Interest Paid	0	0	0	0	0	0	8.52M	9.3M	34.03M	59.47M
Income Taxes Paid	0	0	0	0	0	0	9.05M	3.23M	116K	8.14M
Free Cash Flow+	-1.04M	9.01M	-2.65M	16.37M	-54.22M	-147M	109.25M	147.98M	29.8M	90.52M
FCF Growth %	-1.13%	9.68%	-1.29%	7.17%	-4.31%	-1.71%	1.74%	0.35%	-0.8%	2.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.44%	8.74%	10.37%	11.28%	14.61%	23.92%	17.5%	9.27%	5.4%	8.29%
Return on Assets (ROA)	0.92%	1.02%	1.1%	1.13%	1.43%	2.23%	1.7%	0.81%	0.37%	0.57%
Net Interest Margin	3.19%	3.14%	3.27%	3.42%	3.23%	2.64%	3.29%	2.86%	2.63%	2.31%
Efficiency Ratio	61.83%	68.18%	58.61%	59.5%	65.81%	65.85%	75.06%	75.69%	59.19%	39.27%
Equity / Assets	12.58%	10.87%	10.45%	9.69%	9.92%	8.93%	10.48%	7.24%	6.6%	7.23%
Book Value / Share	13.99	12.53	13.23	14.08	17.04	22.11	25.14	21.22	21.94	25.83
NII Growth	0.89%	4.49%	16.69%	21.31%	11.56%	17.99%	21.58%	5.89%	0.36%	-6.05%
Dividend Payout	14.74%	14.03%	13.2%	12.32%	9.1%	4.77%	5.7%	29.24%	46.41%	29.8%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
ATM and Interchange Fees	-	-	-	-	2.75M	2.76M	2.27M
ATM and Interchange Fees Growth	-	-	-	-	-	0.11%	-17.67%
Service Charges On Deposit Accounts	-	1.96M	1.58M	-	1.86M	2.02M	1.95M
Service Charges On Deposit Accounts Growth	-	-	-19.21%	-	-	8.21%	-3.32%
Commission Income	-	-	-	-	-	-	956K
Commission Income Growth	-	-	-	-	-	-	-
Other	-	137K	101K	103K	110K	111K	109K
Other Growth	-	-	-26.28%	1.98%	6.80%	0.91%	-1.80%
Investment Advisory Income	-	324K	288K	-	717K	746K	-
Investment Advisory Income Growth	-	-	-11.11%	-	-	4.04%	-
ATM and interchange fees	-	-	-	2.4M	-	-	-
ATM and interchange fees Growth	-	-	-	-	-	-	-
Service charges on deposit accounts	-	-	-	1.47M	-	-	-
Service charges on deposit accounts Growth	-	-	-	-	-	-	-
Investment advisory income	-	-	-	589K	-	-	-
Investment advisory income Growth	-	-	-	-	-	-	-
A T M And Interchange Fees	-	1.95M	2.12M	-	-	-	-
A T M And Interchange Fees Growth	-	-	8.57%	-	-	-	-
Deposit Account	1.73M	-	-	-	-	-	-
Deposit Account Growth	-	-	-	-	-	-	-
Financial Service, Other	550K	-	-	-	-	-	-
Financial Service, Other Growth	-	-	-	-	-	-	-
Real Estate	5K	-	-	-	-	-	-
Real Estate Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

First Savings Financial Group, Inc. (FSFG) has a price-to-earnings (P/E) ratio of 16.5x. This is roughly in line with market averages.

Growth & Financials

First Savings Financial Group, Inc. (FSFG) grew revenue by 4.6% over the past year. Growth has been modest.

Yes, First Savings Financial Group, Inc. (FSFG) is profitable, generating $21.6M in net income for fiscal year 2024 (10.1% net margin).

Dividend & Returns

Yes, First Savings Financial Group, Inc. (FSFG) pays a dividend with a yield of 1.81%. This makes it attractive for income-focused investors.

First Savings Financial Group, Inc. (FSFG) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Industry Metrics

First Savings Financial Group, Inc. (FSFG) has a net interest margin (NIM) of 2.3%. NIM has been under pressure due to interest rate environment.

First Savings Financial Group, Inc. (FSFG) has an efficiency ratio of 39.3%. This is excellent, indicating strong cost control.

US Stock Screener

...