Full-Year Profit Dips for First Savings Bank
Jeffersonville-based First Savings Financial Group Inc. (Nasdaq: FSFG) is reporting fiscal full year net income of $29.6 million, down from $33.4 million the previous year. Despite the dip, Chief Executive Officer Larry Myers says the parent of First Savings Bank is primed for growth.
The banking company is also reporting fiscal fourth quarter net income of $4.8 million, down from $15.1 million during the same period last year.
“In addition to achieving the second highest year of recorded net income and substantially growing the balance sheet, excluding forgiveness of PPP loans, we believe that we have positioned the Company for continued growth and profitability,” Myers said in a news release. “We are encouraged by the strong performance of the core banking and SBA lending segments, plus perceive opportunity for enhanced growth and profitability of the mortgage banking segment in fiscal 2022. I’m optimistic that each of these business lines will continue to thrive and deliver exceptional value to our shareholders.”
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