Logo

FSFG

First Savings Financial Group, Inc.

FSFG

First Savings Financial Group, Inc. • NASDAQ
$31.16 ▲ 0.29% (+0.09)
Market Cap $217.68 M
52w High $33.00
52w Low $21.63
Dividend Yield 0.63%
P/E 9.39
Volume 3.08K
Outstanding Shares 6.99M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $0.77 ▼ $0 ▼
Q3-2025 $36.484M ▲ $13.691M ▼ $6.166M ▲ 16.901% ▲ $0.9 ▲ $7.716M ▲
Q2-2025 $34.384M ▼ $13.698M ▼ $5.499M ▼ 15.993% ▼ $0.8 ▼ $6.66M ▼
Q1-2025 $38.507M ▲ $14.898M ▲ $6.225M ▲ 16.166% ▲ $0.91 ▲ $7.658M ▲
Q4-2024 $35.186M $12.656M $3.672M 10.436% $0.54 $4.397M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $284.471M ▲ $2.4B ▼ $2.206B ▼ $193.479M ▲
Q3-2025 $113.45M ▲ $2.417B ▲ $2.233B ▲ $183.822M ▲
Q2-2025 $0 ▼ $2.376B ▼ $2.197B ▼ $179.189M ▲
Q1-2025 $131.377M ▼ $2.389B ▼ $2.213B ▼ $176.027M ▼
Q4-2024 $301.311M $2.45B $2.273B $177.115M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $6.166M ▲ $6.475M ▲ $-18.273M ▼ $35.238M ▲ $23.44M ▲ $6.468M ▲
Q2-2025 $5.499M ▼ $-32.807M ▼ $-868K ▼ $-13.866M ▲ $-47.541M ▼ $-32.934M ▼
Q1-2025 $6.225M ▲ $177K ▼ $79.941M ▲ $-56.036M ▼ $24.082M ▲ $-347K ▼
Q4-2024 $3.672M ▼ $1.224M ▲ $-36.264M ▲ $44.759M ▲ $9.719M ▲ $973K ▲
Q3-2024 $4.073M $-655K $-53.285M $33.394M $-20.546M $-702K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
ATM and Interchange Fees
ATM and Interchange Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Commission Income
Commission Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Charges On Deposit Accounts
Service Charges On Deposit Accounts
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Earnings have remained positive over the last several years, but they have been uneven. Revenue stepped down from a very strong period a few years ago and has since moved in a fairly narrow, flat range. Profitability has held up reasonably well despite this, suggesting decent cost control and discipline. Recent results show earnings per share improving again after a weaker stretch, which points to some recovery in core performance, but the business is clearly not on a smooth, straight‑line growth path.

Balance Sheet

Balance Sheet The balance sheet looks typical for a small regional bank: assets have expanded over time, funded by a mix of deposits, borrowings, and equity. Debt levels have risen compared with earlier years but still appear balanced against the size of the equity base, indicating moderate leverage rather than aggressive risk‑taking. Cash on hand is not especially large but appears adequate for day‑to‑day needs in a banking model where loans, securities, and customer deposits matter more than raw cash. Overall, the financial foundation appears sound but not overly conservative or overly stretched.

Cash Flow

Cash Flow Cash generation from the core business has generally been positive, though it has swung around from year to year, reflecting the normal volatility of lending activity, funding costs, and working capital in a bank. Capital spending is light, so free cash flow tends to track operating cash flow closely, which is a plus. The pattern points to a business that can fund its own needs without heavy external support, but not one throwing off excess cash at a very stable, predictable rate.

Competitive Edge

Competitive Edge First Savings combines a traditional community bank in Southern Indiana with highly specialized national lending in SBA loans and single‑tenant net lease commercial real estate. This specialization is its main edge: these are complex niches where experience, underwriting skill, and relationships matter a lot and can be hard for new entrants to replicate. At the same time, FSFG is still small relative to larger regional and national banks, which limits scale advantages and pricing power. The upcoming acquisition by First Merchants means its standalone competitive story will soon be folded into a much larger platform, which could either amplify its strengths or dilute its distinctiveness depending on how the integration is handled.

Innovation and R&D

Innovation and R&D Innovation at FSFG is driven more by lending expertise and process design than by flashy technology. The bank has built national platforms for SBA and single‑tenant net lease lending, which implies refined internal systems, underwriting tools, and workflows tailored to those programs. Its digital banking offering is solid but standard for the industry, and does not provide a unique edge on its own. Looking forward, most meaningful innovation is likely to come from how First Merchants chooses to scale, integrate, and enhance these niche capabilities within the broader combined organization, rather than from FSFG acting independently.

Summary

Overall, First Savings Financial Group looks like a niche‑focused, consistently profitable small bank with a balanced—though not bulletproof—financial profile. Earnings and cash flow are positive but somewhat volatile, and growth has been more about maintaining a stable base than rapidly expanding. Its main strengths are specialized lending expertise and deep local relationships, while its main uncertainties now revolve around how smoothly it will be integrated into First Merchants and how its niche businesses will be managed within a larger institution.

NEWS

October 29, 2025 · 5:30 PM UTC

First Savings Financial Group, Inc. Reports Financial Results For The Fiscal Year Ended September 30, 2025

Read more

October 23, 2025 · 12:20 PM UTC

First Savings Financial Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Savings Financial Group, Inc. - FSFG

Read more

September 30, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of First Savings Financial Group, Inc. (NASDAQ: FSFG)

Read more

September 26, 2025 · 4:25 PM UTC

FIRST SAVINGS FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Savings Financial Group, Inc. - FSFG

Read more

September 25, 2025 · 6:31 PM UTC

SHAREHOLDER ALERT: Halper Sadeh LLC Continues to Investigate First Savings Financial Group, Inc. (NASDAQ: FSFG) and ARIS Water Solutions, Inc. (NYSE: ARIS) on Behalf of Shareholders

Read more