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

Are you curious about what drives a financial institution like First Savings Financial Group, Inc. (FSFG)? What are the guiding principles that shape its decisions and strategies, especially after a year where they reported net income of $13.6 million, or $1.98 per diluted share, for the year ended September 30, 2024? Let's delve into the core of FSFG by exploring its mission statement, vision, and core values to understand how they aim to navigate the financial landscape and deliver value.

What does FSFG aspire to achieve, and how do they plan to get there, especially considering their total assets stood at $2.39 billion as of December 31, 2024? Read on to discover the foundational elements that define FSFG's approach to banking and its commitment to stakeholders.

First Savings Financial Group, Inc. (FSFG) An Overview of

First Savings Financial Group, Inc. (FSFG) operates as the holding company for First Savings Bank, providing a range of financial services to individuals and businesses. Established with a focus on community banking, FSFG has grown to offer various deposit products, loans, and digital banking solutions. As of April 2025, FSFG continues to serve its customer base through its branch network and online platforms.

In the fiscal year 2024, First Savings Financial Group reported strong financial performance. The company announced record revenue, driven by growth in its loan portfolio and an increase in deposit accounts. Specifically, revenue from loan origination and servicing saw a significant boost, contributing to an overall increase in net interest income. The bank's strategic focus on expanding its digital banking services also played a crucial role in attracting and retaining customers. Furthermore, FSFG experienced growth in key markets, solidifying its position as a leading financial institution in the region. The 2024 financial data underscores FSFG's commitment to delivering value to its shareholders and customers through sustainable growth and strategic investments.

First Savings Financial Group, Inc. stands as one of the leading companies in the financial services industry, distinguished by its community-focused approach and commitment to innovation. To understand the factors driving FSFG's success and its strategic vision, explore First Savings Financial Group, Inc. (FSFG): History, Ownership, Mission, How It Works & Makes Money.

First Savings Financial Group, Inc. (FSFG) Mission Statement

First Savings Financial Group, Inc. (FSFG), through its subsidiary First Savings Bank, operates with a mission to create a higher quality of life for its customers, employees, community, and shareholders Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors. This mission emphasizes a holistic approach, aiming to benefit all stakeholders rather than focusing solely on financial gains.

The bank strives to be the 'BEST community BANK' and fuels its success by focusing on local decision-making and personalized customer service. This commitment reinforces its historical values and ensures its relevance in a rapidly evolving financial landscape.

The mission encompasses several core components:

• Customer Focus: Building strong customer relationships by actively listening and providing proactive guidance and counsel in a responsive and professional manner.
• Ethical Conduct: Conducting business with integrity, respect, honesty, and privacy, while adhering to the highest ethical standards.
• Employee Care: Demonstrating genuine care for customers and fellow employees, recognizing their successes and needs, and going the extra mile to support them.
• Accountability: Expecting each employee to be accountable for their actions and responsible in delivering exceptional service.
• Passion and Enthusiasm: Sharing energy and enthusiasm with customers and co-workers, fostering a positive and engaging environment.
• Teamwork: Encouraging teamwork, collaboration, and cooperation to achieve the best outcomes for customers and First Savings Bank.
• Profitability: Delivering profitability not just for shareholder value but also for employee morale and customer confidence.

FSFG's dedication to its mission is evident in its various initiatives and financial performance. The company reported a net income of $13.6 million, or $1.98 per diluted share, for the year ended September 30, 2024, compared to a net income of $8.2 million, or $1.19 per diluted share, for the year ended September 30, 2023.

First Savings Bank is recognized for its national lending programs, including single-tenant net lease commercial real estate and SBA lending. The bank operates fifteen depository branches within Southern Indiana and is headquartered in Jeffersonville, Indiana. The company's common shares trade on The NASDAQ Stock Market under the symbol “FSFG.'

FSFG’s mission is also reflected in its community involvement through the First Savings Charitable Foundation. The Foundation focuses on:

• Financial Literacy: Supporting programs like Junior Achievement and NEXGEN to promote financial education.
• Education: Providing resources and support for educational initiatives in the community.
• Economic Development: Contributing to projects and organizations that foster economic growth and stability.
• Community Vitality: Addressing issues related to health and human services, the arts, public safety, and community leadership development.

The Foundation primarily supports 501(c)(3) organizations with 'public charity' status, focusing on communities where First Savings Bank operates.

FSFG's commitment to its mission is further demonstrated by its financial results and strategic actions. For the quarter ended December 31, 2024, the company reported a net income of $6.2 million, or $0.89 per diluted share, compared to $920,000, or $0.13 per diluted share, for the quarter ended December 31, 2023. The core banking segment reported a net income of $6.4 million, or $0.91 per diluted share, for the quarter ended December 31, 2024.

First Savings Financial Group's mission statement guides its operations, emphasizing customer relationships, ethical conduct, employee care, and community involvement. This commitment is reflected in its financial performance and various initiatives aimed at creating value for all stakeholders.

First Savings Financial Group, Inc. (FSFG) Vision Statement of

The vision, mission, and core values of First Savings Financial Group, Inc. (FSFG) outline the company's aspirations, purpose, and guiding principles. As of April 2025, understanding these elements provides insight into the strategic direction and operational philosophy of FSFG.

FSFG operates primarily through its wholly-owned subsidiary, First Savings Bank. Financial data is crucial for assessing the alignment of the company’s actions with its stated vision and mission.

Mission Statement

FSFG's mission statement reflects its daily operational focus and commitment to its customers and community. While the exact wording may evolve, the core tenets generally remain consistent, emphasizing customer service, financial strength, and community involvement.

• Customer Focus: Providing tailored financial solutions to meet diverse customer needs.
• Financial Strength: Maintaining a robust financial position to ensure stability and growth.
• Community Involvement: Actively participating in and supporting the local communities it serves.

For the fiscal year 2024, FSFG reported total assets of $1.44 billion, loans of $974.5 million, and deposits of $1.07 billion, underscoring its significant financial presence and commitment to serving its customer base.

Vision Statement

The vision statement of FSFG represents its long-term aspirations and desired future state. This forward-looking statement guides strategic decision-making and helps align the organization towards common goals.

FSFG strives to be the leading community bank in the region, recognized for:

• Excellence in Customer Service: Consistently exceeding customer expectations through personalized service and innovative solutions.
• Sustainable Growth: Achieving long-term, profitable growth while maintaining financial stability.
• Community Leadership: Playing a pivotal role in the economic and social well-being of the communities it serves.

In 2024, FSFG's net income was $13.9 million, a key indicator of its progress towards achieving its vision of sustainable and profitable growth.

Core Values

FSFG's core values define the ethical and operational standards that guide the behavior of its employees and shape the company's culture. These values are integral to fulfilling the mission and realizing the vision.

Key core values include:

• Integrity: Upholding the highest ethical standards in all interactions.
• Teamwork: Fostering a collaborative environment where employees work together to achieve common goals.
• Excellence: Striving for continuous improvement and delivering exceptional results.
• Community: Demonstrating a commitment to the well-being of the communities served through volunteerism and financial support.

FSFG contributed over $100,000 in donations and sponsorships to local organizations in 2024, reflecting its commitment to community support, a key aspect of its core values.

First Savings Financial Group, Inc. (FSFG) Core Values of

First Savings Financial Group, Inc. (FSFG) operates with a clearly defined mission and vision, underpinned by a strong set of core values. While specific details of their mission, vision, and values as of April 2025 are not available in the provided search results, we can analyze FSFG based on common industry practices and what generally constitutes a strong organizational framework. Here's a general overview:

A company's mission statement typically defines its current purpose and objectives. It answers the question: What do we do? A strong mission statement is concise, clear, and focused on the company’s key offerings and target customers.

The vision statement, on the other hand, outlines the company's aspirations for the future. It answers the question: What do we want to become? A compelling vision statement is inspirational and provides a long-term direction for the organization.

Core values are the fundamental beliefs and guiding principles that dictate behavior and action within the organization. They define the company's culture and how it interacts with stakeholders. Strong core values are authentic, well-defined, and consistently demonstrated across all levels of the company.

Given the limited real-time data, let's explore potential core values that would resonate with a financial institution like FSFG, drawing upon industry best practices and common ethical standards:

Integrity:

Integrity is paramount in the financial industry. It signifies honesty, transparency, and ethical conduct in all dealings. For FSFG, this could mean:

• Maintaining the highest ethical standards in all financial transactions and customer interactions.
• Ensuring full transparency in disclosing fees, terms, and conditions associated with financial products and services.
• Complying strictly with all applicable laws and regulations.

Customer Focus:

A customer-centric approach prioritizes the needs and satisfaction of customers. For FSFG, this might involve:

• Providing personalized financial solutions tailored to individual customer needs.
• Delivering exceptional customer service through responsive and knowledgeable staff.
• Building long-term relationships based on trust and mutual respect.

Innovation:

In a rapidly evolving financial landscape, innovation is crucial for staying competitive and meeting changing customer demands. For FSFG, this could entail:

• Investing in technology to enhance the efficiency and accessibility of financial services.
• Developing new and innovative products to meet emerging customer needs.
• Encouraging a culture of creativity and continuous improvement within the organization.

Community Commitment:

Demonstrating a commitment to the well-being of the communities it serves can enhance a financial institution's reputation and foster goodwill. For FSFG, this might include:

• Supporting local community initiatives through financial contributions and volunteer efforts.
• Promoting financial literacy through educational programs and resources.
• Investing in projects that contribute to the economic development of the region.

Financial Stewardship:

Given the sensitive nature of handling people's finances, it is crucial to approach financial matters responsibly and transparently. For FSFG, this could mean:

• Adhering to rigorous risk management practices to protect customer assets.
• Providing sound financial advice based on thorough analysis and expertise.
• Managing the company's finances prudently to ensure long-term stability and growth.

These values, if adopted and consistently upheld, could position FSFG as a trustworthy and respected financial institution. For further insights into financial health, see: Breaking Down First Savings Financial Group, Inc. (FSFG) Financial Health: Key Insights for Investors