First Savings Financial Group (FSFG) AI Stock Analysis

• Market Cap: $228.62M
• Dividend Yield: 1.95%
• Average Volume (3M): 29.04K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.45
• Revenue Growth: 7.65%
• EPS Growth: 69.41%
• Country: US
• Employees: 250
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.82
• Shares Outstanding: 7,015,080
• 10 Day Avg. Volume: 20,122
• 30 Day Avg. Volume: 29,042
• PEG Ratio: 0.18
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 1.21
• P/FCF Ratio: 1.80
• Enterprise Value/Market Cap: 2.71
• Enterprise Value/Revenue: 4.29
• Enterprise Value/Gross Profit: 7.84
• Enterprise Value/Ebitda: 23.45
• 1Y Price Target: $34.00
• Price Target Upside: 4.07% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: $33.00 ▲(1.01% Upside)

First Savings Financial Group's overall stock score is driven by strong technical indicators and attractive valuation. However, financial performance is a concern due to declining revenue growth, high leverage, and cash flow issues. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Profitability

Strong profitability and operational efficiency indicate that FSFG can effectively manage costs and maintain healthy margins, which supports long-term financial stability and shareholder value.

Cost Management

Effective cost management, as reflected in robust profit margins, suggests FSFG's ability to sustain profitability even amid revenue pressures, enhancing its competitive position.

Operational Efficiency

Solid EBIT and EBITDA margins indicate efficient operations, suggesting FSFG can generate consistent earnings before interest, taxes, depreciation, and amortization, which is crucial for long-term growth.

Negative Factors

Declining Revenue Growth

Declining revenue growth indicates potential challenges in maintaining sales momentum, which could affect FSFG's ability to expand its market presence and compete effectively.

High Leverage

High leverage can pose financial risks and limit FSFG's financial flexibility, potentially impacting its ability to invest in growth opportunities or weather economic downturns.

Cash Flow Issues

Negative cash flow indicates declining cash generation capabilities, which could hinder FSFG's ability to fund operations, pay down debt, or invest in future growth, affecting long-term sustainability.

First Savings Financial Group Business Overview & Revenue Model

Company Description

First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank that provides various financial services to consumers and businesses in southern Indiana. The company operates through three segments: Core Banking, SBA Lending, and Mortgage Banking. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits. The company also provides loans, including one-to four-family residential real estate, commercial real estate, construction, land and land development, multi-family real estate, and commercial business loans, as well as consumer loans, such as automobile loans, home equity lines of credit, unsecured loans, and loans secured by deposits. In addition, it is involved in the mortgage banking; investment activities; and the provision of property and casualty insurance products, and reinsurance to other third-party insurance captives. The company operates 15 branches. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Jeffersonville, Indiana.

How the Company Makes Money

FSFG generates revenue primarily through interest income from loans issued to consumers and businesses. The company earns interest on mortgages, personal loans, and commercial loans, which are often structured with varying interest rates and terms. Additionally, FSFG benefits from non-interest income sources, such as fees from account maintenance, ATM usage, and transaction services. The company may also engage in investment activities, which can contribute to its earnings. Strategic partnerships with local businesses and community organizations can enhance its market presence and customer base, further driving revenue growth.

First Savings Financial Group Financial Statement Overview

Summary

First Savings Financial Group demonstrates strong profitability and operational efficiency with healthy profit margins. However, challenges include declining revenue growth, high leverage, and cash flow concerns, which could impact financial stability.

Income Statement

First Savings Financial Group shows a mixed performance in its income statement. The TTM data reveals a decline in revenue growth at -9.42%, indicating potential challenges in maintaining sales momentum. However, the company maintains a healthy gross profit margin of 61.40% and a net profit margin of 16.75%, reflecting strong cost management and profitability. The EBIT and EBITDA margins are also solid at 18.72% and 20.53%, respectively, suggesting efficient operations despite revenue pressures.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio of 2.52, which could pose financial risk if not managed carefully. However, the return on equity (ROE) is reasonable at 12.04%, showing the company is generating decent returns on shareholders' equity. The equity ratio stands at 7.61%, suggesting a relatively low proportion of equity financing compared to total assets, which may limit financial flexibility.

Cash Flow

Cash flow analysis highlights some concerns, with negative operating cash flow and free cash flow in the TTM period. The free cash flow growth rate is -21.72%, indicating declining cash generation capabilities. The operating cash flow to net income ratio is negative, suggesting cash flow issues relative to reported earnings. However, the free cash flow to net income ratio is slightly positive at 1.04, indicating that free cash flow covers net income, albeit marginally.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.56M	134.40M	128.52M	122.42M	185.62M	191.06M
Gross Profit	79.05M	67.38M	84.25M	109.97M	179.30M	172.56M
EBITDA	26.43M	16.98M	10.73M	19.76M	42.27M	48.60M
Net Income	21.56M	13.59M	8.17M	15.39M	29.57M	33.35M
Balance Sheet
Total Assets	2.42B	2.45B	2.29B	2.09B	1.72B	1.76B
Cash, Cash Equivalents and Short-Term Investments	113.45M	301.31M	259.07M	359.80M	242.33M	238.66M
Total Debt	463.65M	350.24M	411.63M	395.51M	269.87M	330.65M
Total Liabilities	2.23B	2.27B	2.14B	1.94B	1.54B	1.61B
Stockholders Equity	183.82M	177.12M	150.98M	151.56M	180.38M	157.27M
Cash Flow
Free Cash Flow	-25.84M	90.52M	29.80M	147.98M	109.25M	-147.00M
Operating Cash Flow	-24.93M	91.20M	32.76M	148.81M	114.89M	-139.69M
Investing Cash Flow	24.54M	-203.33M	-263.99M	-544.22M	-55.88M	-339.43M
Financing Cash Flow	10.10M	133.43M	220.41M	403.64M	-59.31M	471.42M

First Savings Financial Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.67
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FSFG, the sentiment is Positive. The current price of 32.67 is above the 20-day moving average (MA) of 32.41, above the 50-day MA of 31.43, and above the 200-day MA of 27.85, indicating a bullish trend. The MACD of 0.12 indicates Positive momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of 42.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FSFG.

First Savings Financial Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCNB	77 Outperform	$238.05M	10.08	8.97%	5.32%	5.07%	228.39%
CFFI	71 Outperform	$230.37M	8.80	10.89%	2.55%	8.53%	42.73%
ISTR	68 Neutral	$270.96M	12.64	8.53%	1.57%	-0.34%	27.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FSFG	66 Neutral	$228.62M	9.82	12.50%	1.95%	7.65%	69.41%
MYFW	64 Neutral	$259.48M	20.74	4.95%	―	1.53%	109.74%

First Savings Financial Group Corporate Events

First Savings Shareholders Approve Merger with First Merchants

On December 19, 2025, First Savings Financial Group, Inc. shareholders approved the Agreement and Plan of Merger with First Merchants Corporation, clearing a key hurdle for the company’s planned combination with the larger banking group. At the same Special Meeting, shareholders gave advisory approval to the merger-related compensation for the company’s named executive officers and authorized the potential adjournment of the meeting to solicit additional proxies if needed, signaling broad shareholder support for the transaction and its associated governance matters.

The most recent analyst rating on (FSFG) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on First Savings Financial Group stock, see the FSFG Stock Forecast page.

First Savings Declares Quarterly Dividend for Shareholders

On November 26, 2025, First Savings Financial Group, Inc. declared a quarterly cash dividend of $0.16 per common share, to be paid on December 31, 2025, to shareholders of record as of December 15, 2025. This announcement reflects the company’s commitment to providing value to its shareholders and may enhance its reputation as a stable investment option in the financial sector.

The most recent analyst rating on (FSFG) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on First Savings Financial Group stock, see the FSFG Stock Forecast page.