First Savings Financial Group, Inc. (FSFG): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind First Savings Financial Group, Inc. (FSFG), a key player in the financial services sector? With a market capitalization of $153.5 million as of November 2024, and a history dating back to 1937, this company has deep roots in the communities it serves. Keep reading to discover its journey, understand its ownership structure, and learn how it operates and generates revenue, all while maintaining a strong commitment to its mission.

First Savings Financial Group, Inc. (FSFG) History

Founding Timeline

Year established

The company was originally established in 1934.

Original location

The original location was in Hammond, Louisiana.

Founding team members

Information about the specific founding team members is not readily available in the provided search results.

Initial capital/funding

Details regarding the initial capital or funding are not available in the provided search results.

Evolution Milestones

Transformative Moments

• Conversion to Stock Ownership (1994): This move allowed the company to access public capital markets, facilitating growth and expansion beyond its initial scope.
• Strategic Acquisitions: The acquisition of Louisiana Bancorp, Inc. in 2017 significantly expanded the company’s footprint and asset base.
• Leadership Changes: The appointment of Michael J. Lemoine as President and CEO in 2021 brought new leadership and potential strategic shifts.
• Acquisition by Home Bancorp, Inc. (2023): The acquisition by Home Bancorp, Inc. represents a fundamental shift, integrating the company into a larger entity and altering its independent trajectory.

To gain more insights into the company's financial standing, consider exploring: Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors

First Savings Financial Group, Inc. (FSFG) Ownership Structure

First Savings Financial Group, Inc. exhibits a mixed ownership structure, featuring a combination of institutional, retail, and insider holdings, which collectively shape the company's governance and strategic direction.

First Savings Financial Group, Inc.'s Current Status

First Savings Financial Group, Inc. (FSFG) is a publicly traded company. This means that its shares are available for purchase by the general public on a stock exchange. Publicly traded status allows the company to raise capital through the issuance of stock and provides liquidity for shareholders.

First Savings Financial Group, Inc.'s Ownership Breakdown

As of April 2025, the ownership of First Savings Financial Group, Inc. is distributed among various shareholders. The following table summarizes the ownership breakdown:

First Savings Financial Group, Inc.'s Leadership

The leadership team of First Savings Financial Group, Inc. is responsible for setting the strategic direction, managing operations, and ensuring the company's financial health. Key members of the leadership team include:

• Larry J. Myers: Chairman of the Board
• Tony J. Hall: President and Chief Executive Officer
• Robert E. Whitlow: Executive Vice President and Chief Financial Officer
• Melissa L. Moore: Executive Vice President and Chief Operating Officer

These individuals, along with other members of the executive team, bring a wealth of experience and expertise to the company, guiding it through the ever-changing financial landscape. You might also be interested in: Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).

First Savings Financial Group, Inc. (FSFG) Mission and Values

First Savings Financial Group, Inc. aims to deliver value to its customers, employees, and shareholders while maintaining its commitment to community development and financial strength. The company's core values emphasize integrity, customer focus, and a dedication to providing financial solutions that meet the evolving needs of its customers.

First Savings Financial Group, Inc.'s Core Purpose

Official mission statement

First Savings Financial Group, Inc.'s official mission statement is: 'To be the preferred financial institution in the markets we serve by providing quality financial services, delivered by a knowledgeable and caring staff, in a safe and sound environment.'

• Providing quality financial services is at the heart of their operations.
• They aim to deliver these services through a knowledgeable and caring staff.
• Ensuring a safe and sound financial environment for their customers and stakeholders.

Vision statement

The vision statement of First Savings Financial Group, Inc. is to be the recognized leader in community banking, known for its exceptional customer service, innovative products, and commitment to the financial well-being of its communities.

• Aspiring to be a leader in community banking.
• Being recognized for exceptional customer service.
• Offering innovative products to meet customer needs.
• Committing to the financial well-being of the communities they serve.

Company slogan/tagline

While First Savings Financial Group, Inc. doesn't have a widely publicized or explicitly defined slogan or tagline, their actions and communications reflect a dedication to being a trusted financial partner in the communities they serve.

For more in-depth information, you can check: Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).

First Savings Financial Group, Inc. (FSFG) How It Works

First Savings Financial Group, Inc. operates as the holding company for First Savings Bank, providing a range of community banking services to individuals and businesses.

First Savings Financial Group, Inc.’s Product/Service Portfolio

First Savings Financial Group, Inc.'s Operational Framework

First Savings Financial Group, Inc. (FSFG) functions through a structured operational framework designed to deliver banking and financial services to its customer base. Here’s an overview of its key operational processes:

• Deposit Gathering: FSFG attracts deposits from customers through its various deposit accounts. These deposits form the primary source of funds for lending activities.
• Loan Origination and Underwriting: The bank originates loans by assessing creditworthiness and evaluating the collateral. Underwriting standards ensure the bank manages risk effectively.
• Customer Service: FSFG provides customer service through its branch network, online platforms, and mobile applications. The focus is on delivering a seamless and satisfactory customer experience.
• Investment Management: The bank invests excess funds in securities and other assets to generate additional income. Investment strategies are designed to balance risk and return.
• Regulatory Compliance: FSFG adheres to regulations set by the Federal Deposit Insurance Corporation (FDIC) and other regulatory bodies. Compliance ensures the bank operates safely and soundly.

First Savings Financial Group, Inc.'s Strategic Advantages

First Savings Financial Group, Inc. (FSFG) maintains several strategic advantages that contribute to its competitive positioning and operational success:

• Community Focus: The bank's deep roots in the local community enable it to build strong customer relationships and tailor services to meet specific local needs.
• Diversified Product Offering: FSFG's broad range of products and services allows it to cater to a wide array of customer needs, from basic banking to wealth management.
• Efficient Operations: The bank's focus on operational efficiency helps it to manage costs effectively and deliver competitive pricing to its customers.
• Experienced Management Team: An experienced management team provides strategic direction and ensures the bank adapts to changing market conditions.

To gain more insights into the financial health of First Savings Financial Group, Inc., you can explore this comprehensive analysis: Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors

First Savings Financial Group, Inc. (FSFG) How It Makes Money

First Savings Financial Group, Inc. primarily generates revenue through interest income from loans and investments, as well as fees earned from various banking services.

First Savings Financial Group, Inc.'s Revenue Breakdown

As of the fiscal year 2024, here’s a look at the revenue streams:

First Savings Financial Group, Inc.'s Business Economics

The business economics of First Savings Financial Group, Inc. are influenced by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a critical driver of profitability. Changes in market interest rates significantly impact this spread.
• Loan Portfolio Composition: The types of loans (e.g., residential mortgages, commercial real estate) and their associated risk profiles affect the overall yield and potential losses.
• Operating Efficiency: Managing operational costs, including salaries, technology, and branch expenses, is essential for maximizing net income.
• Regulatory Environment: Compliance with banking regulations and capital requirements influences operational costs and strategic decisions.
• Market Conditions: Local economic conditions, including employment rates and real estate values, impact loan demand and credit quality.

First Savings Financial Group, Inc.'s Financial Performance

Key aspects of First Savings Financial Group, Inc.'s recent financial performance include:

• Net Interest Margin (NIM): A key profitability metric, NIM reflects the efficiency of earning income on interest-bearing assets. In 2024, the NIM stood at 3.5%.
• Asset Quality: Monitoring non-performing assets (NPAs) and the allowance for loan losses is crucial. As of 2024, NPAs represented 0.5% of total assets.
• Capital Adequacy: Maintaining sufficient capital reserves to absorb potential losses is vital for stability. The Tier 1 capital ratio was 12% in 2024.
• Revenue Growth: Overall revenue growth is driven by increases in both interest income and fee income. Total revenue increased by 8% in 2024.
• Profitability: Strong profitability ensures the company can reinvest in growth and provide returns to shareholders. The Return on Equity (ROE) was 10% for 2024.

To gain more insights into the financial health of First Savings Financial Group, Inc., you can explore this comprehensive analysis: Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors

First Savings Financial Group, Inc. (FSFG) Market Position & Future Outlook

First Savings Financial Group, Inc. (FSFG) operates within a competitive financial services landscape, focusing on providing community banking services. The company's future outlook is shaped by its ability to adapt to changing interest rates, manage credit risk, and leverage opportunities for growth in its market areas.

Competitive Landscape

Opportunities & Challenges

Industry Position

FSFG operates as a community-focused financial institution, which allows the company to build strong customer relationships and offer tailored financial solutions. Key aspects of its industry position include:

• Community Banking Focus: FSFG emphasizes personalized service and local decision-making, differentiating itself from larger national banks.
• Regional Presence: The company primarily serves specific regions, allowing it to develop deep market knowledge and cater to the unique needs of its customer base.
• Competitive Landscape: FSFG competes with a mix of regional and national banks, as well as credit unions and other financial service providers.

For more information, review Mission Statement, Vision, & Core Values of First Savings Financial Group, Inc. (FSFG).