Earnings summaries and quarterly performance for First Savings Financial Group.
Executive leadership at First Savings Financial Group.
Board of directors at First Savings Financial Group.
CF
Chris Fordyce
Detailed
Director
DY
Douglas York
Detailed
Director
FC
Frank Czeschin
Detailed
Director
JC
John Colin
Detailed
Chair of the Board and Lead Director
JL
John Lawson Jr.
Detailed
Director
MP
Martin Padgett
Detailed
Vice-Chair of the Board
PB
Pamela Bennett-Martin
Detailed
Director
SS
Steven Stemler
Detailed
Director
TH
Troy Hanke
Detailed
Director
Research analysts covering First Savings Financial Group.
Recent press releases and 8-K filings for FSFG.
First Savings Financial Group Merger with First Merchants Corporation Under Investigation
FSFG
M&A
Legal Proceedings
Proxy Vote Outcomes
- Monteverde & Associates PC is investigating the proposed sale of First Savings Financial Group, Inc. (NASDAQ:FSFG) to First Merchants Corporation.
- Under the terms of the proposed transaction, each outstanding share of First Savings common stock will be converted into 0.85 shares of First Merchants common stock.
- The shareholder vote for this transaction is scheduled for December 19, 2025.
Nov 6, 2025, 10:30 PM
First Savings Financial Group Reports Strong Fiscal Year 2025 Results and Announces Merger Agreement
FSFG
Earnings
M&A
Revenue Acceleration/Inflection
- First Savings Financial Group, Inc. reported a significant increase in net income to $23.2 million, or $3.32 per diluted share, for the fiscal year ended September 30, 2025, compared to $13.6 million, or $1.98 per diluted share, for the prior fiscal year.
- For the three months ended September 30, 2025, net income was $5.3 million, or $0.75 per diluted share, up from $3.7 million, or $0.53 per diluted share, in the same period of 2024.
- Net interest income for the fiscal year ended September 30, 2025, increased 12.5% to $65.3 million, with the tax equivalent net interest margin improving to 2.94% from 2.68% in the prior fiscal year.
- The company announced an agreement to merge with First Merchants Corporation on September 25, 2025.
- Customer deposits increased by $118.2 million since September 2024.
Oct 30, 2025, 4:11 PM
First Savings Financial Group Reports Fiscal Year 2025 Financial Results
FSFG
Earnings
M&A
- First Savings Financial Group reported net income of $23.2 million, or $3.32 per diluted share, for the fiscal year ended September 30, 2025, a significant increase from $13.6 million, or $1.98 per diluted share, in the prior fiscal year.
- The Company announced an agreement to merge with First Merchants Corporation on September 25, 2025.
- For the fiscal year ended September 30, 2025, annualized return on average assets improved by 39 basis points, return on average equity by 450 basis points, and net interest margin (tax equivalent basis) by 26 basis points compared to the prior fiscal year. The efficiency ratio decreased by 723 basis points.
- Total assets decreased by $50.8 million to $2.40 billion at September 30, 2025, while total stockholders' equity increased by $16.4 million to $193.5 million. Customer deposits increased by $118.2 million since September 2024.
Oct 29, 2025, 9:30 PM
First Merchants Corporation Announces Third Quarter 2025 Results and Acquisition
FSFG
Earnings
M&A
Share Buyback
- First Merchants Corporation reported net income available to common stockholders of $56.3 million and diluted earnings per common share of $0.98 for the third quarter of 2025, an increase from $48.7 million and $0.84, respectively, in the third quarter of 2024.
- The company announced the acquisition of First Savings Financial Group, Inc. on September 25, 2025, which is expected to add approximately $2.4 billion in assets and expand its presence into Southern Indiana and the Louisville MSA. The transaction is anticipated to close in the first quarter of 2026.
- During the third quarter of 2025, First Merchants Corporation repurchased 162,474 shares totaling $6.5 million, contributing to a year-to-date total of 939,271 shares valued at $36.5 million.
- Total loans grew by $288.8 million (8.7% annualized) on a linked-quarter basis, while total deposits increased by $72.4 million (2.0% annualized) during the same period.
- The Corporation maintained a robust capital position with a Common Equity Tier 1 Capital Ratio of 11.34% and a Tangible Common Equity to Tangible Assets Ratio of 9.18%. The efficiency ratio for the quarter was 55.09%.
Oct 22, 2025, 8:05 PM
Investigation Launched into First Savings Financial Group's Sale to First Merchants Corporation
FSFG
M&A
Legal Proceedings
Proxy Vote Outcomes
- Monteverde & Associates PC is investigating First Savings Financial Group, Inc. (NASDAQ:FSFG) regarding its proposed sale to First Merchants Corporation.
- Under the terms of the proposed transaction, each outstanding share of First Savings common stock will be converted into 0.85 shares of First Merchants common stock.
- The shareholder vote for this transaction is scheduled for December 19, 2025.
Oct 21, 2025, 9:30 PM
First Savings Financial Group Merger Investigation Announced
FSFG
Legal Proceedings
M&A
- Monteverde & Associates PC is investigating the sale of First Savings Financial Group, Inc. (NASDAQ: FSFG) to First Merchants Corporation.
- Under the proposed transaction terms, each outstanding share of First Savings common stock will be converted into 0.85 shares of First Merchants common stock.
- Monteverde & Associates PC is a class action firm recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report, specializing in recovering money for shareholders.
Oct 13, 2025, 9:30 PM
Halper Sadeh LLC Investigates First Savings Financial Group Regarding Sale to First Merchants Corporation
FSFG
Legal Proceedings
M&A
Takeover Bid
- Halper Sadeh LLC is investigating First Savings Financial Group, Inc. (FSFG) for potential violations of federal securities laws and/or breaches of fiduciary duties related to its sale to First Merchants Corporation.
- The terms of the acquisition involve 0.85 shares of First Merchants common stock per share of First Savings common stock.
- The law firm may seek increased consideration, additional disclosures, or other relief and benefits on behalf of FSFG shareholders.
Sep 29, 2025, 3:47 PM
First Merchants Corporation and First Savings Financial Group, Inc. Announce Merger Agreement
FSFG
M&A
Board Change
- First Merchants Corporation and First Savings Financial Group, Inc. have entered into a definitive all-stock merger agreement valued at approximately $241.3 million.
- Under the terms, First Savings shareholders will receive 0.85 shares of First Merchants common stock for each share of First Savings common stock, implying a merger consideration of $33.60 per share based on First Merchants' closing price on September 24, 2025.
- The transaction is expected to close in the first quarter of 2026 and is anticipated to be approximately 11% accretive to First Merchants' earnings per share in 2027, with a tangible book value earnback period of 3.0 years.
- As of June 30, 2025, First Savings reported total assets of $2.4 billion, total loans of $1.9 billion, and total deposits of $1.7 billion.
- Larry W. Myers, President and CEO of First Savings, is expected to be appointed to First Merchants' Board of Directors in connection with the merger.
Sep 25, 2025, 8:59 PM
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