First Savings Financial Group, Inc. Reports Financial Results for the Second Fiscal Quarter Ended March 31, 2025 | FSFG Stock News

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  • Net income rose by 12.2% to $5.5 million in Q2 2025 for First Savings Financial Group (FSFG, Financial).
  • Net interest margin improved significantly to 2.93% from 2.66% year-over-year.
  • Asset quality enhanced with a 20-basis point reduction in the nonperforming loans ratio to 0.67%.

First Savings Financial Group, Inc. (NASDAQ: FSFG) reported robust financial results for the second fiscal quarter ended March 31, 2025, with a net income of $5.5 million, or $0.79 per diluted share. This marks a notable increase from the $4.9 million, or $0.72 per share, recorded in the same period last year. When excluding nonrecurring items, net income was $5.3 million, or $0.76 per share.

Key performance indicators for the quarter revealed an 11.6% increase in net interest income, reaching $16.0 million. The net interest margin saw a significant uptick, rising to 2.93% from the previous 2.66%, reflecting enhanced earning capabilities despite challenging interest rate environments.

Asset quality saw marked improvements, as nonperforming loans decreased by $4.2 million to $12.7 million. Consequently, the nonperforming loans ratio improved to 0.67%, down from previous levels. The company's strategic financial management was further demonstrated by the completion of a bulk sale of $87.2 million in home equity lines of credit, which contributed to a total asset reduction to $2.38 billion from $2.45 billion.

Total deposits dipped by $91.7 million, however, stockholders' equity increased by $2.1 million, reaching $179.2 million as of the end of the quarter. The SBA Lending segment's return to profitability highlights the company's diversified income streams and successful risk management practices.

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