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First Savings Financial (FSFG) Company Profile

Updated Feb 14, 2020
First Savings Financial has the following business profile:
Company's Full Name:First Savings Financial Group, Inc.
Short Name:First Savings Financial
Trading Ticker Symbol:FSFG
Primary Exchange:NASDAQ
Headquarter City/Country:Indiana, IN
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Regional US Banks
Dividend Payments:Dividend History

Market and Trading Information for First Savings Financial

The following details were available for trading and market data about the stock of First Savings Financial as of writing:
Current Share Price:$63.64
Previous Year's Closing Price:$67.1
Percentage Price Change (YTD):-5.16%
Market Cap:$149.83 million
52-week Price Range:$51 - $68.77
Dividend Per Share:$0.64
EPS (TTM):7.02
Price-Earnings (Trailing):9.07
Price-Earnings (Forward):8.78

Company Profile and Business Description for First Savings Financial

First Savings Financial Group, Inc., incorporated on May 23, 2008, is a bank holding company for First Savings Bank (the Bank). The Company's principal business activity is the ownership of the outstanding common stock of First Savings Bank. The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. The Bank attracts deposits from the public and uses those funds to originate primarily residential and commercial mortgage loans. The Bank also originates commercial business loans, residential and commercial construction loans, multi-family loans, land and land development loans, and consumer loans. It conducts its lending and deposit activities primarily with individuals and small businesses in its primary market area. The Bank operates in Clark, Floyd, Harrison, Crawford and Washington counties, Indiana.

Lending Activities

The Bank's loan portfolio consists of commercial real estate loans and residential real estate mortgage loans, which are primarily one- to four-family residential loans, and multi-family real estate and commercial business loans. The Bank originates loans for investment purposes. The Bank's origination of residential mortgage loans enables borrowers to purchase or refinance existing homes located in Clark, Floyd, Harrison, Crawford and Washington Counties, Indiana, and the surrounding areas. The Bank offers a mix of adjustable-rate mortgage loans and fixed-rate mortgage loans with terms of 10 to 30 years.

The Bank offers fixed and adjustable-rate mortgage loans secured by commercial real estate. The Bank's commercial real estate loans are secured by small to moderately sized office, retail and industrial properties located in its primary market area and are made to small business owners and professionals, such as attorneys and accountants. The Bank originates fixed-rate commercial real estate loans, with terms up to five years and payments based on an amortization schedule of 15 to 20 years. It also offers adjustable-rate commercial real estate loans, with terms up to five years and with interest rates equal to a margin above the prime lending rate or the London Interbank Offered Rate (LIBOR). The Bank originates construction loans for one- to four-family homes and commercial properties, such as small industrial buildings, warehouses, retail shops and office units. It originates loans to developers for developing vacant land in its primary market area, for residential subdivisions. Land development loans are interest-only loans for a term of approximately 18 to 24 months.

The Bank offers multi-family mortgage loans that are secured by properties in its primary market area. The Bank's consumer loan portfolio consists primarily of home equity loans, both fixed-rate amortizing term loans with terms of approximately 15 years and adjustable rate lines of credit with interest rates equal to a margin above the prime lending rate. The Bank also offers auto and truck loans, personal loans and small boat loans. The Bank offers commercial business loans to small businesses located in its primary market area. Commercial business loans are secured by equipment and general business assets.

As of September 30, 2016, the Bank's residential mortgage loans totaled $178.4 million. As of September 30, 2016, its commercial real estate loans totaled $217.4 million. As of September 30, 2016, its multi-family real estate loans totaled $18.4 million. These loans are primarily secured by apartment buildings and other multi-tenant developments in its primary market area. As of September 30, 2016, the Bank's residential construction loans totaled $24.3 million. As of September 30, 2016, its commercial construction loans totaled $33.7 million. As of September 30, 2016, its land and land development loans totaled $11.1 million. As of September 30, 2016, its commercial business loans totaled $42.0 million. As of September 30, 2016, its consumer loans totaled $28.3 million.

Investment Activities

As of September 30, 2016, the Bank's investment portfolio consisted primarily of the United States Government agency and sponsored enterprises securities, mortgage backed securities and collateralized mortgage obligations issued by the United States Government agencies and sponsored enterprises, municipal bonds, privately-issued collateralized mortgage obligations and asset-backed securities, and a pass-through asset-backed security guaranteed by the small business administration (SBA). The Bank's trading account securities represent an investment in a managed brokerage account that invests in small and medium lot, investment grade municipal bonds. As of September 30, 2016, the Bank's available for sale securities totaled $174.5 million. The Bank's held to maturity securities portfolio consists of mortgage-backed securities issued by government sponsored enterprises and municipal bonds.

Sources of Funds

The Bank's deposits, borrowings, and loan and investment security repayments are the sources of its funds for lending and other investment purposes. The Bank attracts deposits from within its primary market area through the offering of a range of deposit instruments, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as negotiable order of withdrawal (NOW) and money market accounts; regular savings accounts, and time deposits. It uses borrowings from the Federal Home Loan Bank of Indianapolis (FHLB) consisting of advances and borrowings under a line of credit arrangement to supplement its supply of funds for loans and investments. It also utilizes retail repurchase agreements as a source of borrowings. The outstanding balance of borrowings from the FHLB totaled $121.6 million, as of September 30, 2016. As of September 30, 2016, the Bank's deposits totaled $579.5 million.

Subsidiary Activities

First Savings Insurance Risk Management, Inc. (the Captive) is the Company's subsidiary. The Bank's subsidiaries include FFCC, Inc. (FFCC) and First Savings Investments, Inc. FFCC participates in the development and leasing of commercial real estate. First Savings Investments, Inc. holds and manages an investment securities portfolio. The Captive is an insurance subsidiary of the Company that provides property and casualty insurance to the Company, the Bank and the Bank's active subsidiaries. As of September 30, 2016, the Captive provided reinsurance to eight other third-party insurance captives for which insurance may not be available or economically feasible in the insurance marketplace.

501 E Lewis and Clark Pkwy

Peer / Competitor Companies of Savings Institutions Sector

Along with First Savings Financial Group, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

▶ 1st Constitution Bancorp NJ (FCCY): 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The compa....See Detailed Company Profile,  Dividend History

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile,  Dividend History

▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile,  Dividend History

▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile,  Dividend History

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile,  Dividend History

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile,  Dividend History

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile,  Dividend History

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile,  Dividend History

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile,  Dividend History

▶ Central Federal (CFBK): Central Federal Corporation operates as the bank holding company for CFBank that provides various financial services in the United States. The company accepts savings, retail and business checking, an....See Detailed Company Profile,  Dividend History

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile,  Dividend History

▶ Codorus Valley Bancorp (CVLY): Codorus Valley Bancorp, Inc., incorporated on October 7, 1986, is a bank holding company. The Company provides a range of banking services through its subsidiary, PeoplesBank, A Codorus Valley Company ....See Detailed Company Profile,  Dividend History

▶ Dime Community Bancshares (DCOM): Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings....See Detailed Company Profile,  Dividend History

▶ Equitable Financial (EQFN): Equitable Financial Corp. operates as the holding company for Equitable Bank that provides various banking products and services in Nebraska, the United States. It offers deposit products, including c....See Detailed Company Profile,  Dividend History

▶ ETRADE Financial (ETFC): E*Trade Financial Corporation, incorporated on September 4, 2003, is a financial services company. The Company provides online brokerage and related products and services primarily to individual retail investors under the ....See Detailed Company Profile,  Dividend History

▶ EverBank Financial (EVER): EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home, and life insurance quotes. It ser....See Detailed Company Profile,  Dividend History

▶ First Capital (FCAP): First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers a range of deposit ins....See Detailed Company Profile,  Dividend History

▶ First Defiance Financial (FDEF): First Defiance Financial Corp., incorporated on June 7, 1995, is a unitary thrift holding company that focuses on traditional banking and property and casualty, life and group health insurance products. ....See Detailed Company Profile,  Dividend History

▶ First Guaranty Bancshares (FGBI): First Guaranty Bancshares, Inc., incorporated on November 6, 2003, is a bank holding company. The Company operates through its owned subsidiary, First Guaranty Bank (the Bank). The Bank offers personalized ....See Detailed Company Profile,  Dividend History

▶ Flagstar Bancorp (FBC): Flagstar Bancorp, Inc., incorporated on October 28, 1993, is a savings and loan holding company. The Companys business is primarily conducted through its principal subsidiary, Flagstar Bank, FSB (the Bank), ....See Detailed Company Profile,  Dividend History

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