First Savings Financial Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023
April 27, 2023 at 06:15 pm EDT
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First Savings Financial Group, Inc. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported net interest income was USD 14.91 million compared to USD 14.01 million a year ago. Net income was USD 3.72 million compared to USD 7.04 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.98 a year ago.
For the six months, net interest income was USD 31.17 million compared to USD 27.92 million a year ago. Net income was USD 6.6 million compared to USD 11.34 million a year ago. Basic earnings per share from continuing operations was USD 0.96 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 1.58 a year ago.
First Savings Financial Group, Inc. is a holding company for First Savings Bank (the Bank). The Companyâs principal business activity is the ownership of the outstanding common stock of First Savings Bank. Its segments include core banking, Small Business Administration (SBA) lending, and mortgage banking. The core banking segment originates residential, commercial and consumer loans and attracts deposits from its customer base. The SBA lending segment originates loans guaranteed by the SBA, subsequently selling the guaranteed portion to outside investors. The mortgage banking segment originates residential mortgage loans and sells them in the secondary market. The Bank operates as a community-oriented financial institution, which offers traditional financial services to consumers and businesses in its primary market area. The Company provides a variety of banking services to individual and business customers through approximately 16 locations in southern Indiana.