FSFG First Savings Financial Group, Inc. featured news, full reports, and detailed charts
First Savings Financial Group, Inc. (FSFG) Wrap Up:
First Savings Financial Group, Inc., an Indiana corporation, was incorporated in May 2008 to serve as the holding company for First Savings Bank, FSB (the “Bank” or “First Savings Bank”), a federally-chartered savings bank. On October 6, 2008, in accordance with a Plan of Conversion adopted by its board of directors and approved by its members, the Bank converted from a mutual savings bank to a stock savings bank and became the wholly-owned subsidiary of First Savings Financial Group. In connection with the conversion, the Company issued an aggregate of 2,542,042 shares of common stock at an offering price of $10.00 per share. In addition, in connection with the conversion, First Savings Charitable Foundation was formed, to which the Company contributed 110,000 shares of common stock and $100,000 in cash. The Company’s common stock began trading on the Nasdaq Capital Market on October 7, 2008 under the symbol “FSFG. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f12%2f23%2f0001193125-08-259116.html#FIS_BUSINESS"First Savings Financial Group, Inc. (FSFG:NASDAQ)
Snapshot of First Savings Financial Group, Inc. (FSFG)
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OPEN
$10.10
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PREVIOUS CLOSE
$10.10
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DAY HIGH
$10.10
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DAY LOW
$10.10
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52 WEEK HIGH
08/25/09 - $11.00
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52 WEEK LOW
02/19/09 - $8.25
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MARKET CAP
25.7M
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AVERAGE VOLUME 3 mo
1.7K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
2.5M
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FSFG Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
FSFG Top Compensated Officers
Executives, Board Directors
Key developments for First Savings Financial Group, Inc. (FSFG)
Effective upon the acquisition of Community First Bank on September 30, 2009, Samuel E. Eckart, former CFB President and Chief Executive Officer, was named Area President of First Savings Bank, F.S.B. and an Executive Vice President of the First Savings Financial Group, Inc. Mr. Eckart also has been appointed to the Boards of Directors of the First Savings Financial Group, Inc. and First Savings Bank, F.S.B. Additionally, First Savings has appointed former CFB Directors Pamela Bennett-Martin and L. Christopher Fordyce to its Board of Directors, and the First Savings Financial Group, Inc. has appointed former CFB Directors Vaughn K. Timberlake and Frank N. Czeschin to its Board of Directors.
First Savings Financial Group, Inc. reported earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported net income of $153,000 or $0.06 per diluted share compared to net income of $41,000 for the same period in 2008. Net interest income was $2.2 million compared to $1.7 million for the same period in 2008. Interest income increased $129,000 when comparing the two periods primarily due to an increase in the average balance of earning assets from $197.4 million in 2008 to $225.9 million in 2009, which more than offset a decrease in the average tax-equivalent yield on interest-earning assets from 6.39% for the three-month period ended June 30, 2008 to 5.84% for the same period in 2009. Income before income taxes was $0.2 million compared to $0.03 million for the same period in 2008. Return on average assets was 0.25% compared to 0.08% for the same period in 2008. Return on average equity was 1.18% compared to 0.56% for the same period in 2008. For the nine months, the company reported net loss of $212,000 or $0.09 per diluted share compared to a net loss of $307,000 for the same period in 2008. Net interest income was $6.2 million compared to $4.9 million for the same period in 2008. Interest income increased $132,000 when comparing the two periods primarily due to an increase in the average balance of earning assets from $194.1 million in 2008 to $217.9 million in 2009, which more than offset a decrease in the average tax-equivalent yield on interest-earning assets from 6.52% for the nine-month period ended June 30, 2008 to 5.90% for the same period in 2009. Loss before income taxes was $0.6 million compared to $0.62 million for the same period in 2008. Loss on average assets was 0.12% compared to 0.20% for the same period in 2008. Loss on average equity was 0.55% compared to 1.38% for the same period in 2008.
First Savings Financial Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2009. For the quarter, the company reported net income of $275,000 or $0.12 per diluted share compared to net loss of $532,000 for the same period in 2008. Net interest income was $2 million compared to $1.5 million for the same period in 2008. Total interest income was $3.1 million compared to $3.1 million for the same period in 2008. Loss before income taxes was $0.3 million compared to $0.9 million for the same period in 2008. Return on average assets was 0.48% compared to negative return on average assets of 1.01% million for the same period in 2008. Return on average equity was 2.12% compared to negative return on average equity of 7.15% million for the same period in 2008. For the six months, the company had a net loss of $365,000 or $0.16 per diluted share compared to a net loss of $348,000 for the same period in 2008. Net interest income was $3.9 million compared to $3.2 million for the same period in 2008. Total interest income was $6.3 million compared to $6.3 million for the same period in 2008. Loss before income taxes was $0.71 million compared to $0.65 million for the same period in 2008. Negative return on average assets was 0.32% compared to 0.34% million for the same period in 2008. Negative return on average equity was 1.43% compared to 2.36% million for the same period in 2008.
FSFG Competitors
| Company | Last | Change | |
| No competitor information is available for FSFG. | |||
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Industry Analysis
| Valuation | FSFG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.8x |
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| Price/Book | 0.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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FSFG |
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More Recent News About First Savings Financial Group, Inc.
More news for FSFG
First Savings Financial Group, Inc. Announces Agreement to Acquire Community First Bank
CLARKSVILLE, Ind. and CORYDON, Ind., April 29, 2009 (GLOBE NEWSWIRE) -- First Savings Financial Group, Inc. (NasdaqCM:FSFG - News), the holding company for Clarksville-based First Savings Bank, F.S.B., and Corydon-based Community First Bank, a majority owned subsidiary of Community First Financial Group, Inc., announced today the signing of a definitive agreement for the merger of Community First Bank into First Savings Bank in an all-cash transaction valued at approximately $20.5 million, subject to adjustment as discussed below. Community First Financial Group, Inc. owns approximately 74% of Community First Bank's outstanding common stock. At December 31, 2008, First Savings Financial Group's consolidated assets were approximately $229.9 million and Community First Bank had assets of approximately $256.6 million. The transaction will increase the number of banking offices of First Savings Bank from seven to fourteen and expand its presence into Crawford, Harrison and Washington Counties in Indiana.Under the terms of the transaction, shareholders of Community First Bank will be entitled to receive $17.13 in cash in exchange for each share of Community First Bank common stock, subject to decrease if the aggregate fair market value of Community First Bank's portfolio of non-agency mortgage and asset-backed securities is less than 35% of the aggregate par value of the portfolio (as measured by pricing made available by Interactive Data Corp. as of the end of the month immediately before the closing date of the transaction). At March 31...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01. Entry into a Definitive Material Agreement On April 28, 2009, First Savings Financial Group, Inc. ("FSFG"), First Savings Bank, F.S.B., the wholly-owned subsidiary of FSFG, Community First Financial Group, Inc. ("CFFG") and Community First Bank, a majority owned subsidiary of CFFG, entered into an Agreement and Plan of Reorganization (the "Agreement") pursuant to which Community First Bank will merge with and into First Savings Bank, with First Savings Bank as the surviving institution. Under terms of the Agreement, shareholders of Community First Bank will be entitled to receive $17.13 in cash in exchange for each share of Community First Bank common stock, subject to decrease if the aggregate fair market value of Community First Bank's portfolio of non-agency mortgage and asset-backed securities is less than 35% of the aggregate par value of the portfolio (as measured by pricing made available by Interactive Data Corp. as of the end of the month immediately before the closing date of the transaction). At March 31, 2009, Community First Bank's portfolio of non-agency mortgage and asset-backed securities had an aggregate par value of approximately $21.9 million and an aggregate fair market value of approximately $10.8 million based on Interactive Data Corp. pricing data. Based on a merger price of $17.13 per share and the 1,197,046 shares of Community First Bank common stock issued and outstanding as of the date of the Agreement, the transaction is valued at approximately $20.5 million, which indicates the following pricing metrics as of December 31, 2008: The transaction is subject to customary closing conditions, including the receipt of regulatory approvals and the approval of the shareholders of Community First Bank. CFFG owns approximately 74% of Community First Bank's outstanding common stock. Completion of the merger is expected to occur in the third calendar quarter of 2009. Upon the closing of the transacti...Click here to read the whole Article (external link)
First Savings Financial Group, Inc. Reports 2009 Third Quarter Financial Results
CLARKSVILLE, Ind., July 24, 2009 (GLOBE NEWSWIRE) -- First Savings Financial Group, Inc. (Nasdaq:FSFG - News; the "Company"), the holding company for First Savings Bank, F.S.B. (the "Bank"), today reported net income of $153,000, or $0.06 per diluted share, for the quarter ended June 30, 2009, compared to net income of $41,000 for the same period in 2008. On October 6, 2008, the Company completed its initial public offering in connection with the Bank's conversion from the mutual to stock form of organization. Accordingly, the reported results for 2008 and prior periods relate solely to the operations of the Bank. Net interest income after provision for loan losses increased $600,000 for the quarter ended June 30, 2009 as compared to the same period in 2008. Interest income increased $129,000 when comparing the two periods primarily due to an increase in the average balance of earning assets from $197.4 million in 2008 to $225.9 million in 2009, which more than offset a decrease in the average tax-equivalent yield on interest-earning assets from 6.39% for the three-month period ended June 30, 2008 to 5.84% for the same period in 2009. Interest expense decreased $410,000 when comparing the two periods as the average cost of interest-bearing liabilities decreased from 3.37% to 2.36%, which more than offset an increase of those liabilities from $174.7 million in 2008 to $179.8 million in 2009. The provision for loan losses decreased $61,000 from $333,000 for the three-month period ended June 30, 2008 to $272,000 for th...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statem
Show all filings for FIRST SAVINGS FINANCIAL GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST SAVINGS FINANCIAL GROUP INC 12-May-2009Results of Operations and Financial Condition, Financial Statem Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All in...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statem
Show all filings for FIRST SAVINGS FINANCIAL GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST SAVINGS FINANCIAL GROUP INC 27-Jul-2009Results of Operations and Financial Condition, Financial Statem Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All inf...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 7, 2009, First Savings Financial Group, Inc. (the "Company") and its wholly owned subsidiary, First Savings Bank, F.S.B. (the "Bank"), entered into amended and restated employment agreements with (i) Larry W. Myers, President and Chief Executive Officer of the Company and the Bank, and (ii) John P. Lawson, Jr., Chief Operations Officer of the Company and the Bank, which amend and restate the employment agreements previously entered into with Messrs. Myers and Lawson on October 7, 2008, and previously filed under cover of a Form 8-K on October 10, 2008. The amended and restated employment agreements contain the following amendments: (1) Under Section 3.4. of Mr. Myers' agreement, "voluntary termination with goodreason" was amended to include the following occurrences: (a) a change in theexecutive's reporting responsibilities so that the executive reports to an officer or employee instead of reporting directly to the Board of Directors or (b) any other action or inaction that constitutes a material breach by the employer under the agreement. (2) Under Section 3.4 of Mr. Lawson's agreement, "voluntary termination with goodreason" was amended to include the following occurrences: (a) a material diminution inthe authority, duties or responsibilities of the supervisor to whom the executive is required to report or (b) any other action or inaction that constitutes a material breach by the employer under the agreement. (3) Section 7.2 of Messrs. Myers' and Lawson's amended and restated employmentagreements amends the definition of "territory" for purposes of the covenant not tocompete for one year after employment termination to encompass Clark, Floyd, Crawford, Harrison, Washington, Perry, Dubois, Orange, Lawrence, Jackson, Scott and Jefferson Counties in Indian...Click here to read the whole Article (external link)
FIRST SAVINGS FINANCIAL GROUP INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in D
Show all filings for FIRST SAVINGS FINANCIAL GROUP INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRST SAVINGS FINANCIAL GROUP INC 2-Oct-2009Completion of Acquisition or Disposition of Assets, Change in D Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All...Click here to read the whole Article (external link)
First Savings Financial Group, Inc. Completes Acquisition of Community First Bank
First Savings Financial Group, Inc. Completes Acquisition of Community First Bank - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-alig...Click here to read the whole Article (external link)