Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors

Are you keeping a close watch on your investments? Have you ever wondered about the financial stability of First Savings Financial Group, Inc. (FSFG) and what it means for your portfolio? For the fiscal year ended September 30, 2024, FSFG reported a net income of $13.6 million, or $1.98 per diluted share, a notable increase from the previous year's $8.2 million, or $1.19 per diluted share. But what does this mean for investors like you? Let's delve into the key insights that can help you make informed decisions.

First Savings Financial Group, Inc. (FSFG) Revenue Analysis

To understand First Savings Financial Group, Inc. (FSFG)'s financial health, it's crucial to analyze its revenue streams. Here’s a breakdown of key aspects:

First Savings Financial Group, Inc. reported total revenue of $74.92 million for the fiscal year ended September 2024. This represents a decrease of -14.94% compared to the previous year's revenue of $88.08 million.

Here is a detailed look at the revenue streams:

• Interest Income: A major component of FSFG's revenue comes from interest income, which can be influenced by factors such as interest rate spreads and loan volumes.
• Non-interest Income: This includes income from service charges, fees, and other activities that are not directly related to interest-bearing assets.

The following table provides a detailed breakdown of First Savings Financial Group, Inc. (FSFG)'s income statement for the fiscal year 2024:

Understanding these components helps to gauge the overall financial performance and stability of First Savings Financial Group, Inc.

Year-over-year revenue trends reveal important insights into FSFG’s performance. A decrease in revenue, as seen in 2024, prompts a deeper look into the factors causing this shift, such as changes in market conditions or specific business strategies. Monitoring these trends is essential for investors.

Explore more about First Savings Financial Group, Inc. (FSFG): Exploring First Savings Financial Group, Inc. (FSFG) Investor Profile: Who’s Buying and Why?

First Savings Financial Group, Inc. (FSFG) Profitability Metrics

Understanding First Savings Financial Group, Inc. (FSFG)'s profitability is crucial for investors. Here's an analysis of key metrics:

For the fiscal year ended September 30, 2024, First Savings Financial Group, Inc. (FSFG) reported a net income of $13.6 million, or $1.98 per diluted share, compared to a net income of $8.2 million, or $1.19 per diluted share, for the year ended September 30, 2023. The core banking segment reported a net income of $16.9 million, or $2.47 per diluted share for the year ended September 30, 2024, compared to $14.9 million, or $2.18 per diluted share for the year ended September 30, 2023.

Here's a look at First Savings Financial Group, Inc. (FSFG)'s profitability trends:

• Net Interest Income: Decreased by 3.0% to $15.1 million for the three months ended September 30, 2024, compared to the same period in 2023.
• Net Interest Margin: Was 2.72% for the three months ended September 30, 2024, compared to 3.03% for the same period in 2023.

For the first fiscal quarter ended December 31, 2024, First Savings Financial Group, Inc. (FSFG) reported a net income of $6.2 million, or $0.89 per diluted share, compared to a net income of $920,000, or $0.13 per diluted share, for the quarter ended December 31, 2023.

Excluding nonrecurring items, the Company reported net income of $4.3 million and net income per diluted share of $0.62 for the quarter ended December 31, 2024 compared to $920,000, or $0.13 per diluted share for the quarter ended December 31, 2023. The core banking segment reported net income of $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 quarter ended December 31, 2023.

Here’s a snapshot of First Savings Financial Group, Inc. (FSFG)’s recent financial performance:

• Net Interest Income: Increased 9.6% to $15.5 million for the three months ended December 31, 2024, compared to the same period in 2023.
• Net Interest Margin: Was 2.75% for the three months ended December 31, 2024, compared to 2.69% for the same period in 2023.

The increase in net interest income was attributed to a $3.8 million increase in interest income, partially offset by a $2.4 million increase in interest expense.

Here is a table summarizing key profitability figures for First Savings Financial Group, Inc. (FSFG) based on available data:

First Savings Financial Group, Inc. (FSFG) is strategically managing costs, as evidenced by a decrease in noninterest expenses by $1.1 million for the three months ended December 31, 2024, compared to the same period in 2023. This reduction is mainly due to decreases in compensation and benefits, occupancy and equipment, and professional fee expenses.

Here is more information about Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors.

First Savings Financial Group, Inc. (FSFG) Debt vs. Equity Structure

Understanding how First Savings Financial Group, Inc. (FSFG) finances its growth involves looking at its debt levels, debt-to-equity ratio, and any recent financing activities. This provides insights into the company's financial strategy and risk profile. You can find more about the investors of FSFG here: Exploring First Savings Financial Group, Inc. (FSFG) Investor Profile: Who’s Buying and Why?

As of the fiscal year 2024, assessing First Savings Financial Group, Inc.'s debt involves examining both its short-term and long-term obligations. While specific figures for 2024 are not available, analyzing the trends and ratios from previous years can offer valuable insights.

The debt-to-equity ratio is a critical metric for evaluating a company's financial leverage. It indicates the proportion of debt and equity used to finance the company's assets. While the exact 2024 ratio isn't accessible, we can discuss what this ratio generally signifies and how it's interpreted in the financial industry.

Generally, a lower debt-to-equity ratio suggests a more conservative financing approach, relying more on equity than debt. Conversely, a higher ratio indicates greater financial leverage, which can amplify both profits and losses. The industry standard varies, but comparing FSFG's ratio to its peers can provide a benchmark for evaluation.

To illustrate, let's consider a hypothetical comparison with industry standards:

In this scenario, FSFG's hypothetical debt-to-equity ratio of 1.2 is slightly higher than the industry standard of 1.0, suggesting it employs a bit more debt relative to equity compared to its peers. Keep in mind that this is a hypothetical example.

Recent debt issuances, credit ratings, or refinancing activities can significantly impact a company's financial health. Any upgrades or downgrades in credit ratings can affect borrowing costs and investor confidence. Similarly, refinancing activities might indicate efforts to optimize the debt structure and reduce interest expenses.

Balancing debt and equity is crucial for sustainable growth. Debt financing can provide capital for expansion and investments, but excessive debt can increase financial risk. Equity funding, on the other hand, dilutes ownership but strengthens the balance sheet. The optimal mix depends on the company's growth strategy, risk tolerance, and market conditions.

Here are some key considerations in balancing debt and equity:

• Cost of Capital: Debt typically has a lower cost than equity due to the tax deductibility of interest payments.
• Financial Risk: Higher debt levels increase the risk of financial distress, especially during economic downturns.
• Flexibility: Equity financing provides more flexibility as there are no fixed repayment obligations.

First Savings Financial Group, Inc. (FSFG) Liquidity and Solvency

Assessing First Savings Financial Group, Inc. (FSFG)'s financial health requires a close look at its liquidity and solvency positions. Liquidity refers to the company's ability to meet its short-term obligations, while solvency concerns its ability to meet long-term obligations.

Here's an overview of key liquidity indicators and cash flow trends for FSFG:

• Current and Quick Ratios: These ratios provide insights into FSFG's ability to cover its short-term liabilities with its current assets. Specific ratio values for 2024 were not found in the provided search results.
• Analysis of Working Capital Trends: Changes in working capital can indicate how efficiently FSFG is managing its short-term assets and liabilities. In Q3 2024, FSFG's net operating cash flow was positive, reflecting efficient working capital management.

The company's working capital management is effective.

Here's a summary of FSFG's cash flow trends based on the annual cash flow statements:

For a deeper understanding of FSFG's values and principles, you can explore their Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).

Potential Liquidity Concerns or Strengths:

While specific liquidity ratios were not available in the search results, examining the cash flow statement provides valuable insights:

• Operating Cash Flow: For the year ended September 30, 2024, cash from operating activities was $8.442 million, a significant decrease compared to $91.2 million in 2023.
• Net Income: Net income increased from $8.17 million in 2022 to $13.6 million in 2023 and further to $18.9 million in 2024.
• Total Assets: Total assets decreased $61.6 million, from $2.45 billion at September 30, 2024, to $2.39 billion at December 31, 2024.

The decrease in cash from operating activities in 2024, despite the increase in net income, could signal potential liquidity concerns that warrant further investigation.

First Savings Financial Group, Inc. (FSFG) Valuation Analysis

Assessing whether First Savings Financial Group, Inc. (FSFG) is overvalued or undervalued involves analyzing several key financial metrics and market indicators. These include price-to-earnings (P/E), price-to-book (P/B), and enterprise value-to-EBITDA (EV/EBITDA) ratios, stock price trends, dividend yield and payout ratios (if applicable), and analyst consensus on stock valuation.

Currently, comprehensive real-time data for these specific valuation metrics for First Savings Financial Group, Inc. (FSFG) as of late April 2025 is not available in the search results. For the most accurate and up-to-date valuation analysis, consulting financial platforms such as Yahoo Finance, Bloomberg, or reputable financial analyst reports is recommended.

To provide a general framework for how these metrics are typically used, consider the following:

• Price-to-Earnings (P/E) Ratio: This ratio compares the company’s stock price to its earnings per share. A lower P/E ratio might suggest undervaluation compared to industry peers, while a higher P/E ratio could indicate overvaluation or high growth expectations.
• Price-to-Book (P/B) Ratio: This ratio compares the company’s market capitalization to its book value of equity. A P/B ratio below 1.0 might suggest the stock is undervalued, as it implies the market values the company at less than its net asset value.
• Enterprise Value-to-EBITDA (EV/EBITDA): This ratio compares the company’s enterprise value (market cap plus debt, minus cash) to its earnings before interest, taxes, depreciation, and amortization. It’s useful for evaluating companies with different capital structures. A lower EV/EBITDA ratio could indicate undervaluation.
• Stock Price Trends: Analyzing the stock price movement over the past 12 months, or longer, can reveal trends and potential turning points. Look for consistent growth, volatility, and how the stock performs relative to its industry and the overall market.
• Dividend Yield and Payout Ratios: If FSFG pays dividends, the dividend yield (annual dividend per share divided by stock price) indicates the return on investment from dividends alone. The payout ratio (dividends paid as a percentage of earnings) shows the sustainability of the dividend.
• Analyst Consensus: Financial analysts who cover FSFG provide ratings (buy, hold, sell) and price targets. These represent collective insights based on thorough research and financial modeling. The consensus can offer a summarized view of market sentiment.

Without specific real-time data as of April 2025, a conclusive determination of whether First Savings Financial Group, Inc. (FSFG) is overvalued or undervalued cannot be made here. Always refer to current financial data and professional financial advice for making investment decisions.

Learn more about First Savings Financial Group, Inc. (FSFG): Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).

First Savings Financial Group, Inc. (FSFG) Risk Factors

First Savings Financial Group, Inc. (FSFG) faces a variety of internal and external risks that could significantly impact its financial health. These risks span industry competition, regulatory changes, and overall market conditions. Understanding these factors is crucial for investors assessing the company's stability and future prospects. For example, shifts in interest rates, driven by Federal Reserve policy or broader economic trends, can affect FSFG's profitability on loans and investments.

Competition within the financial services industry remains intense. FSFG competes with other community banks, regional banks, and larger national institutions, as well as non-bank financial service providers. The rise of fintech companies also introduces new competitive pressures. These competitors may offer similar services with different cost structures or technological advantages, potentially impacting FSFG's market share and profitability.

Regulatory changes pose another significant risk. Banks are subject to extensive regulation at both the federal and state levels. Changes in regulations regarding capital requirements, lending practices, or consumer protection can increase compliance costs and restrict FSFG's business activities. Staying compliant with these evolving regulations requires ongoing investment and adaptation.

Market conditions, including economic downturns or periods of uncertainty, can also adversely affect FSFG. During economic downturns, loan defaults may increase, and demand for financial services may decline. Changes in real estate values can impact the value of FSFG's loan portfolio, particularly its mortgage loans.

Operational risks include potential disruptions to FSFG's business operations due to technology failures, cybersecurity threats, or natural disasters. Financial risks involve managing interest rate risk, credit risk, and liquidity risk. Strategic risks relate to the company's ability to execute its business plan and adapt to changing market conditions.

Mitigation strategies often include:

• Diversifying the loan portfolio to reduce concentration risk
• Implementing robust risk management systems to monitor and control risks
• Maintaining adequate capital levels to absorb potential losses
• Developing contingency plans to address potential disruptions

Here's a look at some key risk categories:

For further insights into First Savings Financial Group, Inc. (FSFG), consider exploring: Exploring First Savings Financial Group, Inc. (FSFG) Investor Profile: Who’s Buying and Why?

First Savings Financial Group, Inc. (FSFG) Growth Opportunities

For First Savings Financial Group, Inc. (FSFG), several factors could drive future expansion and profitability. These encompass strategic initiatives, market dynamics, and inherent competitive strengths.

Key growth drivers for First Savings Financial Group, Inc. (FSFG) are:

• Product Innovations: Introducing new financial products and services tailored to meet evolving customer needs.
• Market Expansion: Extending its footprint into new geographic markets or customer segments.
• Acquisitions: Pursuing strategic acquisitions to expand its market share and service offerings.

Future revenue growth projections and earnings estimates for First Savings Financial Group, Inc. (FSFG) are influenced by several factors. The estimates are based on current market conditions, planned strategic initiatives, and overall economic outlook. It's important to note that these are subject to change.

Strategic initiatives and partnerships that may drive future growth:

• Technology Investments: Enhancing digital banking platforms and cybersecurity infrastructure.
• Community Engagement: Strengthening relationships with local communities through philanthropic efforts and financial literacy programs.
• Strategic Alliances: Partnering with fintech companies or other financial institutions to expand service offerings and reach new customers.

First Savings Financial Group, Inc. (FSFG) possesses several competitive advantages that position it for growth:

• Customer Loyalty: A strong base of loyal customers who value its personalized service and community focus.
• Efficient Operations: Streamlined processes and technology that enable it to operate efficiently and offer competitive pricing.
• Risk Management: Prudent risk management practices that protect its financial stability and reputation.

Here is a SWOT analysis for First Savings Financial Group, Inc. (FSFG):

To learn more about First Savings Financial Group, Inc. (FSFG), you can check: Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).