First Savings Financial Group, Inc. (FSFG) Earnings History

First Savings Financial Group, Inc. - FY2025 Earnings

Filed at: Oct 29, 2025, 8:00 PM EDT|Read from source

EXECUTIVE SUMMARY

First Savings Financial Group, Inc. reported a strong fiscal year 2025 with significant improvements in net income and diluted EPS, driven by increased net interest income and noninterest income. The company also saw positive trends in asset quality and deposit growth, alongside the announcement of a merger with First Merchants Corporation.

POSITIVE HIGHLIGHTS

  • •

    Net income increased significantly to $23.2 million for FY2025 from $13.6 million in FY2024.

    positive
  • •

    Diluted EPS rose to $3.32 for FY2025 from $1.98 in FY2024.

    positive
  • •

    Net interest margin (tax equivalent basis) improved to 2.94% for FY2025 from 2.68% in FY2024.

    positive
  • •

    Efficiency ratio improved to 67.69% for FY2025 from 74.92% in FY2024.

    positive
  • •

    Customer deposits increased $118.2 million since September 2024.

    positive
  • •

    SBA Lending segment posted its third consecutive profitable quarter.

    positive

CONCERNS & RISKS

  • •

    Total assets decreased by $50.8 million from $2.45 billion at September 30, 2024, to $2.40 billion at September 30, 2025.

    attention
  • •

    Gross loans decreased by $78.0 million for the year ended September 30, 2025.

    attention
  • •

    Brokered deposits decreased by $289.2 million.

    attention
  • •

    The effective tax rate increased to 13.8% for FY2025 from 7.0% for FY2024.

    attention

FINANCIAL METRICS

Revenue
Quarterly
N/A
N/A
Annual (YTD)
$65.31M
N/A
Prior year: $58.06M
Net Income
Quarterly
$5.27M
+43.5%
Prior year: $3.67M
Annual (YTD)
$23.16M
N/A
Prior year: $13.59M
EPS (Diluted)
Quarterly
$0.75
+41.5%
Prior year: $0.53
Annual (YTD)
$3.32
N/A
Prior year: $1.98
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.77
+42.6%
Prior year: $0.54
Annual (YTD)
$3.37
N/A
Prior year: $1.99

MARGIN ANALYSIS

Net Margin
Current Quarter
8.1%
Prior Year
6.3%
YoY Change
+175 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — FY2025 2025

VISUAL OVERVIEW

|
Core Banking
0.0%
N/A
SBA Lending
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Core Banking
N/A———
SBA Lending
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

SPECIAL ITEMS & ADJUSTMENTS

FY2025
Merger related professional fees
Net of tax effect
+$0.707M
$0.09 per share

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Strong performance for the 2025 fiscal year and continually improving trends.

— First Savings Financial Group, Inc., FY2025 2025 Earnings Call

Significant increase in diluted EPS from $1.98 to $3.32.

— First Savings Financial Group, Inc., FY2025 2025 Earnings Call

Improvements in return on average assets, return on average equity, and net interest margin.

— First Savings Financial Group, Inc., FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Allowance For Credit Losses To Total Loans Pct
1.1
Prior year: 1.1
%
Efficiency Ratio
67.7
Prior year: 74.9
%
Nonperforming Assets Pct
0.7
Prior year: 0.7
%
Nonperforming Loans Pct
0.8
Prior year: 0.8
%

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.