First Savings Reports Strong Q1 Earnings

First Savings Financial Group is headquartered in Jeffersonville.

Jeffersonville-based First Savings Financial Group Inc. (Nasdaq: FSFG) is reporting fiscal first-quarter net income of $9.9 million, compared to $3.4 million for the same period a year ago.

President and Chief Executive Officer Larry Myers says the bank experienced strong earnings, asset and deposit growth, and “substantial” increases to stockholders’ equity.

“The core bank and ancillary business lines continue to perform exceptionally well,” said Myers.

The bank says it has completed the acquisition of the minority interest in Q2 Business Capital LLC, which specializes in the origination, sale and servicing of U.S. Small Business Administration loans. Q2 is a wholly-owned subsidiary of First Savings.

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