First Savings Financial ( (FSFG) ) has released its Q2 earnings. Here is a breakdown of the information First Savings Financial presented to its investors.
First Savings Financial Group, Inc. is a community bank headquartered in Jeffersonville, Indiana, operating primarily in the banking sector with a focus on community banking and national lending programs, including SBA lending and single-tenant net lease commercial real estate.
First Savings Financial Group reported a strong financial performance for the second fiscal quarter ended March 31, 2025, with net income of $5.5 million, or $0.79 per diluted share, marking an increase from the previous year. The company highlighted improvements in net interest margin and asset quality, alongside profitability in its SBA Lending segment.
Key financial metrics for the quarter included an 11.6% increase in net interest income to $16.0 million and a tax equivalent net interest margin of 2.93%. The company also saw a decrease in nonperforming loans and a reversal of provisions for credit losses, contributing to improved asset quality. Noninterest income saw a slight decrease, while noninterest expenses rose due to higher compensation and operating costs.
For the six months ended March 31, 2025, First Savings Financial Group reported net income of $11.7 million, a significant increase compared to the same period in 2024. This was driven by a 10.6% rise in net interest income and gains from the sale of home equity lines of credit and equity securities.
Looking ahead, the company remains optimistic about fiscal 2025, focusing on expanding its net interest margin, maintaining asset quality, and exploring strategic opportunities to enhance shareholder value. Management is committed to prudent capital and liquidity management while continuing to grow customer deposits and select loan opportunities.