First Savings Financial Reports Q1 Profit

First Savings Financial Group is headquartered in Jeffersonville.

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Jeffersonville-based First Savings Financial Group Inc. (Nasdaq: FSFG), the parent of First Savings Bank, is reporting second-quarter net income of $10.5 million, compared to a net loss of $627,000 during the same period last year.

The banking company says it continues to experience strong earnings, loan and deposit growth, resiliency of asset quality, stability of the net interest margin, and substantial increases to stockholders’ equity.

President Larry Myers stated, “We continued to be very pleased with the performance of our staff and the fundamentals of our organization, both of which continue to deliver meaningful value to our shareholders. The core bank and ancillary business lines continue to perform exceptionally well despite recent market headwinds that are adversely affecting loan origination volumes. I continue to have confidence in the Company’s ability to thrive during challenging environments and I appreciate the dedication of our staff to ensure such.”

You can connect to the full earnings report by clicking here.