First Savings Financial Group, Inc. (FSFG), the holding company for First Savings Bank, reported net income attributable to the company of $23.2 million, or $3.32 per diluted share, for the fiscal year ended September 30, 2025. This represents an increase compared to the $13.6 million, or $1.98 per diluted share, reported for the previous fiscal year. The company's principal business is ownership of First Savings Bank, a community-oriented financial institution operating in South Central Indiana.

The increase in net income was primarily driven by a $7.2 million increase in net interest income and a $6.3 million increase in noninterest income. These gains were partially offset by a $4.1 million increase in noninterest expense. Net interest income rose to $65.3 million, compared to $58.1 million in the prior year, due to an increase in the average yield on interest-earning assets and a decrease in the average cost of interest-bearing liabilities. Noninterest income increased to $18.8 million, up from $12.5 million, largely due to a net gain on the sale of home equity lines of credit and an increase in net gain on the sale of SBA loans.

Strategic developments included a pending merger agreement with First Merchants Corporation, announced on September 24, 2025, which is expected to close in the first calendar quarter of 2026. The company also continued its emphasis on residential lending, while expanding consumer and commercial banking services. The company originated SBA loans with a total commitment of $89.5 million during the year ended September 30, 2025.

Key operational developments included a decrease in net loans from $1.96 billion to $1.89 billion. Total deposits decreased from $1.88 billion to $1.71 billion. The company's loan portfolio composition shifted, with residential mortgage loans decreasing and commercial real estate loans increasing. The company had 244 full-time and 26 part-time employees as of September 30, 2025. The aggregate market value of the voting and non-voting common equity held by nonaffiliates was $140.3 million, based upon the closing price of $25.76 per share as quoted on the NASDAQ Stock Market as of March 31, 2025.

About First Savings Financial Group, Inc.

First Savings Financial Group, Inc. is a bank holding company for First Savings Bank, a community-oriented Indiana commercial bank. It offers traditional banking services, including residential and commercial mortgage loans, construction, land development, multi-family, and consumer loans. The company focuses on serving small businesses and individuals in its primary Indiana market, emphasizing relationship banking, deposit attraction, and loan origination within a regulated financial framework.

This description was generated via AI from an annual report. Updated 9 months ago.

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