First Savings Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011; Announces Net Charge-Offs
January 25, 2012 at 05:00 pm
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First Savings Financial Group, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. The company reported net income of $910,000 and net income available to common shareholders of $867,000, or $0.39 per diluted share, for the quarter ended December 31, 2011 compared to net income of $1.1 million, or $0.50 per diluted share, for the quarter ended December 31, 2010. Net interest income after provision for loan losses increased $74,000 for the quarter ended December 31, 2011 as compared to the same period in 2010. Income before income taxes was $1,236,000 against $1,541,000 a year ago. Return on average assets was 0.68% against 0.86% as on September 30, 2011. Return on average equity was 4.76% against 7.83% as on September 30, 2011.
Net charge-offs were $288,000 for the quarter ended December 31, 2011 compared to $204,000 for the same period in 2010.
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.
First Savings Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2011; Announces Net Charge-Offs
FIRST SAVINGS FINANCIAL GROUP, INC. 
