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First Savings Financial Group

Nasdaq:FSFG
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSFG
Nasdaq
$139M
Market Cap
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Last updated 2019/07/20 00:17
Company description

First Savings Financial Group, Inc. operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The last earnings update was 71 days ago. More info.

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FSFG Share Price and Events
7 Day Returns
0.3%
NasdaqCM:FSFG
-0.4%
US Banks
-0.3%
US Market
1 Year Returns
-18.1%
NasdaqCM:FSFG
-5.7%
US Banks
3.9%
US Market
FSFG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Savings Financial Group (FSFG) 0.3% 3.4% 9.2% -18.1% 69.6% 146.1%
US Banks -0.4% 2.3% -0.3% -5.7% 46.2% 45.8%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • FSFG underperformed the Banks industry which returned -5.7% over the past year.
  • FSFG underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
FSFG
Industry
5yr Volatility vs Market

FSFG Value

 Is First Savings Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Savings Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Savings Financial Group.

NasdaqCM:FSFG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $41.52 * 10.5% 		$4.36
Book Value of Equity per Share Median Book Value from the past 5 years. $41.52
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:FSFG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (131.07%)) 		1.143
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.143 * 5.96%) 		9.54%

Discounted Cash Flow Calculation for NasdaqCM:FSFG using Excess Returns Model Model

The calculations below outline how an intrinsic value for First Savings Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:FSFG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 9.54%) * $41.52) 		$0.40
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.40 / (9.54% - 2.73%) 		$5.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $41.52 + $5.84 		$47.37
NasdaqCM:FSFG Discount to Share Price
Calculation Result
Value per share (USD) From above. $47.37
Current discount Discount to share price of $59.68
= -1 x ($59.68 - $47.37) / $47.37 		-26%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of First Savings Financial Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Savings Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Savings Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:FSFG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.39
NasdaqCM:FSFG Share Price ** NasdaqCM (2019-07-19) in USD $59.68
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Savings Financial Group.

NasdaqCM:FSFG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:FSFG Share Price ÷ EPS (both in USD)

= 59.68 ÷ 5.39

 11.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Savings Financial Group is good value based on earnings compared to the US Banks industry average.
  • First Savings Financial Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Savings Financial Group's expected growth come at a high price?
Raw Data
NasdaqCM:FSFG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts		 13.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqCM:FSFG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.08x ÷ 13.3%

 0.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Savings Financial Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on First Savings Financial Group's assets?
Raw Data
NasdaqCM:FSFG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $46.62
NasdaqCM:FSFG Share Price * NasdaqCM (2019-07-19) in USD $59.68
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqCM:FSFG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:FSFG Share Price ÷ Book Value per Share (both in USD)

= 59.68 ÷ 46.62

 1.28x

* Primary Listing of First Savings Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Savings Financial Group is overvalued based on assets compared to the US Banks industry average.
Show me more potentially undervalued companies in the Banks industry
X
Value checks
We assess First Savings Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
    5. First Savings Financial Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FSFG Future Performance

 How is First Savings Financial Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Savings Financial Group expected to grow at an attractive rate?
  • First Savings Financial Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Savings Financial Group's earnings growth is positive but not above the United States of America market average.
  • First Savings Financial Group's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:FSFG Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:FSFG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 13.3%
NasdaqCM:FSFG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -15%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:FSFG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:FSFG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 45 15 1
2019-09-30 41 14 1
NasdaqCM:FSFG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 58 -2 12
2018-12-31 52 13 10
2018-09-30 48 18 11
2018-06-30 44 23 10
2018-03-31 41 11 10
2017-12-31 39 8 10
2017-09-30 37 -2 9
2017-06-30 34 -4 10
2017-03-31 29 2 10
2016-12-31 27 -7 9
2016-09-30 26 9 8
2016-06-30 25 4 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Savings Financial Group's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • First Savings Financial Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:FSFG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from First Savings Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FSFG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 6.40 6.40 6.40 1.00
2019-09-30 5.75 5.75 5.75 1.00
NasdaqCM:FSFG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.39
2018-12-31 4.59
2018-09-30 4.83
2018-06-30 4.68
2018-03-31 4.40
2017-12-31 4.67
2017-09-30 4.20
2017-06-30 4.41
2017-03-31 4.33
2016-12-31 4.08
2016-09-30 3.57
2016-06-30 3.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Savings Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess First Savings Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Savings Financial Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FSFG Past Performance

  How has First Savings Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Savings Financial Group's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Savings Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • First Savings Financial Group's 1-year earnings growth exceeds its 5-year average (25.2% vs 18%)
  • First Savings Financial Group's earnings growth has not exceeded the US Banks industry average in the past year (25.2% vs 39.4%).
Earnings and Revenue History
First Savings Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Savings Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FSFG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 58.00 12.31 35.11
2018-12-31 52.31 10.43 31.13
2018-09-30 47.76 10.90 26.85
2018-06-30 43.94 10.50 25.72
2018-03-31 40.78 9.83 24.19
2017-12-31 38.54 10.38 22.06
2017-09-30 36.60 9.31 21.30
2017-06-30 34.44 9.78 20.19
2017-03-31 28.54 9.56 19.52
2016-12-31 27.11 8.99 18.81
2016-09-30 26.16 7.85 18.95
2016-06-30 25.25 6.83 18.81
2016-03-31 29.53 6.76 18.49
2015-12-31 29.12 6.62 18.08
2015-09-30 28.50 6.58 17.52
2015-06-30 28.43 6.12 16.96
2015-03-31 27.76 5.38 16.67
2014-12-31 27.83 5.39 16.81
2014-09-30 27.46 5.22 16.64
2014-06-30 27.36 5.22 16.48
2014-03-31 26.58 4.90 16.04
2013-12-31 26.04 4.54 15.61
2013-09-30 25.64 4.53 15.32
2013-06-30 24.94 4.30 14.42
2013-03-31 24.86 4.43 14.41
2012-12-31 23.95 4.22 13.97
2012-09-30 23.21 4.12 13.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • First Savings Financial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Savings Financial Group used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if First Savings Financial Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess First Savings Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Savings Financial Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FSFG Health

 How is First Savings Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of First Savings Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Savings Financial Group Company Filings, last reported 3 months ago.

NasdaqCM:FSFG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 109.93 182.37 45.11
2018-12-31 104.56 128.18 39.99
2018-09-30 100.25 111.01 45.20
2018-06-30 98.87 91.35 40.76
2018-03-31 95.83 145.57 47.54
2017-12-31 95.41 151.35 48.35
2017-09-30 93.12 119.41 43.87
2017-06-30 91.32 101.35 49.46
2017-03-31 87.65 114.40 42.30
2016-12-31 85.12 106.34 39.16
2016-09-30 86.58 122.98 41.70
2016-06-30 84.17 111.10 36.98
2016-03-31 81.25 105.88 35.94
2015-12-31 96.34 105.06 38.80
2015-09-30 94.36 110.84 28.74
2015-06-30 91.95 100.65 32.40
2015-03-31 91.70 87.62 27.66
2014-12-31 89.51 107.97 27.89
2014-09-30 87.08 85.70 20.05
2014-06-30 85.66 85.94 26.14
2014-03-31 83.32 91.98 26.48
2013-12-31 82.45 108.84 25.62
2013-09-30 82.25 95.66 19.24
2013-06-30 82.03 82.66 23.41
2013-03-31 84.24 70.86 31.37
2012-12-31 83.50 72.62 25.14
2012-09-30 82.93 56.52 39.56
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • First Savings Financial Group has an acceptable proportion of non-loan assets held.
  • First Savings Financial Group's liabilities are made up of primarily low risk sources of funding.
  • Loans at First Savings Financial Group are broadly funded by customer deposits.
  • First Savings Financial Group's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • First Savings Financial Group has a sufficient allowance for bad loans.
  • First Savings Financial Group has an acceptable level of bad loans (less than 2%).
Show me more healthy companies in the Banks industry
X
Financial health checks
We assess First Savings Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. First Savings Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FSFG Dividends

 What is First Savings Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.07%
Current annual income from First Savings Financial Group dividends. Estimated to be 1.06% next year.
If you bought $2,000 of First Savings Financial Group shares you are expected to receive $21 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • First Savings Financial Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • First Savings Financial Group's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:FSFG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:FSFG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30 0.64 1.00
2019-09-30 0.63 1.00
NasdaqCM:FSFG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.640 1.088
2019-02-22 0.640 1.161
2018-11-23 0.600 1.151
2018-08-15 0.600 0.906
2018-05-17 0.600 0.847
2018-02-21 0.600 0.865
2018-02-09 0.560 0.850
2018-01-26 0.560 0.877
2017-08-17 0.560 1.013
2017-05-18 0.560 1.073
2017-02-16 0.560 1.144
2016-11-18 0.520 1.182
2016-08-17 0.520 1.420
2016-05-19 0.520 1.474
2016-02-17 0.520 1.551
2015-11-20 0.480 1.380
2015-08-20 0.480 1.445
2015-05-26 0.480 1.614
2015-02-19 0.480 1.692
2014-11-20 0.440 1.698
2014-08-25 0.440 1.768
2014-05-27 0.440 1.823
2014-02-20 0.440 1.885
2013-11-21 0.400 1.749
2013-08-22 0.400 1.793
2013-05-17 0.400 1.711
2013-02-25 0.400 1.804

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, First Savings Financial Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but First Savings Financial Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of First Savings Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Savings Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Savings Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. First Savings Financial Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FSFG Management

 What is the CEO of First Savings Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Larry Myers
COMPENSATION $605,344
AGE 61
TENURE AS CEO 11.5 years
CEO Bio

Mr. Larry W. Myers serves as the Chief Executive Officer and President of First Savings Financial Group, Inc. and First Savings Bank, F.S.B. (Clarksville, IN) (First Savings Bank). Mr. Myers served as the Chief Operations Officer of First Savings Bank, F.S.B. (Clarksville, IN). He joined First Savings Bank in 2005. He is a Director at Federal Home Loan Bank of Indianapolis since January 01, 2018. He served as an Area President of National City Bank in southern Indiana. He serves as a Second Vice Chairman at Indiana Bankers Association. He serves as a Director at First Savings Bank, F.S.B. (Clarksville, IN) since 2015. He served as Member of Community Depository Institutions Advisory Council at Federal Reserve Bank Of St. Louis. Mr. Myers has been a Director of First Savings Financial Group, Inc. since 2008 and Indiana Bankers Association since January 1, 2013.

CEO Compensation
  • Larry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Larry's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the First Savings Financial Group management team in years:

11
Average Tenure
51
Average Age
  • The average tenure for the First Savings Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Larry Myers

TITLE
President
COMPENSATION
$605K
AGE
61
TENURE
11.5 yrs

Tony Schoen

TITLE
Executive VP & CFO
COMPENSATION
$363K
AGE
42
TENURE
10.5 yrs

John Lawson

TITLE
COO, Corporate Secretary & Director
COMPENSATION
$353K
AGE
62
TENURE
11.5 yrs

Jackie Journell

TITLE
Chief Accounting Officer
AGE
51

Scott Carr

TITLE
Chief Risk Officer
AGE
43

George Vredeveld

TITLE
President at Q2 Business Capital
TENURE
4.2 yrs

Jonathan Handmaker

TITLE
Board of Directors Tenure

Average tenure and age of the First Savings Financial Group board of directors in years:

9.8
Average Tenure
60.5
Average Age
  • The tenure for the First Savings Financial Group board of directors is about average.
Board of Directors

John Colin

TITLE
Chairman
COMPENSATION
$16K
AGE
48
TENURE
2.4 yrs

Larry Myers

TITLE
President
COMPENSATION
$605K
AGE
61
TENURE
11.5 yrs

Michael Ludden

TITLE
Vice Chairman
COMPENSATION
$25K
AGE
70

John Lawson

TITLE
COO, Corporate Secretary & Director
COMPENSATION
$353K
AGE
62
TENURE
11.5 yrs

Douglas York

TITLE
Director
COMPENSATION
$16K
AGE
57
TENURE
11.5 yrs

Pam Bennett-Martin

TITLE
Director
COMPENSATION
$14K
AGE
60
TENURE
10.5 yrs

Chris Fordyce

TITLE
Director
COMPENSATION
$10K
AGE
63
TENURE
2.5 yrs

Sam Eckart

TITLE
Director
COMPENSATION
$13K
AGE
69
TENURE
9.8 yrs

Frank Czeschin

TITLE
Director
COMPENSATION
$15K
AGE
58
TENURE
9.8 yrs

Martin Padgett

TITLE
Director
COMPENSATION
$13K
AGE
54
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by First Savings Financial Group individual insiders in the past 3 months.
Show me more companies with insider buying in the Banks industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Buy Frank Czeschin Individual 13. Jun 19 13. Jun 19 3,592 $59.00 $211,841
19. Jun 19 Buy Frank Czeschin Individual 07. Jun 19 07. Jun 19 1,700 $56.70 $96,074
23. May 19 Sell Samuel Eckart Individual 15. May 19 15. May 19 -3 $62.34 $-187
22. May 19 Sell Samuel Eckart Individual 20. May 19 21. May 19 -66 $58.41 $-3,848
20. May 19 Buy Marie Haley Individual 16. May 19 16. May 19 25 $57.74 $1,443
20. May 19 Sell Samuel Eckart Individual 16. May 19 17. May 19 -200 $58.50 $-11,680
23. May 19 Sell Samuel Eckart Individual 13. May 19 14. May 19 -101 $59.53 $-5,885
09. May 19 Sell Samuel Eckart Individual 08. May 19 08. May 19 -59 $58.00 $-3,422
09. May 19 Sell Samuel Eckart Individual 07. May 19 07. May 19 -100 $58.25 $-5,825
23. May 19 Sell Samuel Eckart Individual 02. May 19 06. May 19 -383 $58.25 $-22,280
02. May 19 Sell Samuel Eckart Individual 30. Apr 19 01. May 19 -200 $58.13 $-11,623
14. Mar 19 Buy Steven Stemler Individual 13. Mar 19 13. Mar 19 1,859 $53.28 $98,684
13. Mar 19 Buy Steven Stemler Individual 11. Mar 19 11. Mar 19 241 $53.07 $12,791
04. Mar 19 Sell John Lawson Individual 28. Feb 19 28. Feb 19 -154 $53.48 $-8,189
04. Mar 19 Sell John Lawson Individual 28. Feb 19 01. Mar 19 -846 $53.00 $-44,838
28. Feb 19 Sell Samuel Eckart Individual 26. Feb 19 26. Feb 19 -538 $52.53 $-28,069
19. Feb 19 Sell Samuel Eckart Individual 14. Feb 19 14. Feb 19 -423 $52.05 $-21,999
15. Feb 19 Sell John Lawson Individual 13. Feb 19 13. Feb 19 -4,955 $50.45 $-249,979
14. Feb 19 Sell Samuel Eckart Individual 12. Feb 19 13. Feb 19 -19 $53.33 $-992
14. Feb 19 Sell Samuel Eckart Individual 12. Feb 19 13. Feb 19 -1,020 $52.10 $-52,400
12. Feb 19 Sell Samuel Eckart Individual 08. Feb 19 08. Feb 19 -2,000 $51.60 $-102,094
17. Dec 18 Buy Larry Myers Individual 14. Dec 18 14. Dec 18 620 $52.60 $32,612
30. Nov 18 Sell Samuel Eckart Individual 29. Nov 18 29. Nov 18 -666 $58.03 $-38,648
20. Nov 18 Buy Larry Myers Individual 19. Nov 18 19. Nov 18 103 $59.00 $6,077
09. Aug 18 Buy Marie Haley Individual 07. Aug 18 07. Aug 18 31 $64.99 $2,000
X
Management checks
We assess First Savings Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. First Savings Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FSFG News

Simply Wall St News

Here's Why We Think First Savings Financial Group (NASDAQ:FSFG) Is Well Worth Watching

As a result, I'm encouraged by the fact that insiders own First Savings Financial Group shares worth a considerable sum. … You can't deny that First Savings Financial Group has grown its earnings per share at a very impressive rate. … So if you like to buy cheap, you may want to check if First Savings Financial Group is trading on a high P/E or a low P/E, relative to its industry.

Simply Wall St - –

Do Insiders Own Lots Of Shares In First Savings Financial Group, Inc. (NASDAQ:FSFG)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$139m, First Savings Financial Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for First Savings Financial Group NasdaqCM:FSFG Ownership Summary, June 13th 2019 What Does The Institutional Ownership Tell Us About First Savings Financial Group? … Insider Ownership Of First Savings Financial Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St - –

How Much Are First Savings Financial Group, Inc. (NASDAQ:FSFG) Insiders Taking Off The Table?

So shareholders might well want to know whether insiders have been buying or selling shares in First Savings Financial Group, Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for First Savings Financial Group The Last 12 Months Of Insider Transactions At First Savings Financial Group Over the last year, we can see that the biggest insider sale was by the COO, Corporate Secretary & Director, John Lawson, for US$250k worth of shares, at about US$50.45 per share. … Insiders at First Savings Financial Group Have Bought Stock Recently There was some insider buying at First Savings Financial Group over the last quarter.

Simply Wall St - –

Introducing First Savings Financial Group (NASDAQ:FSFG), The Stock That Zoomed 137% In The Last Five Years

But on a lighter note, a good company can see its share price rise well over 100%. … Check out our latest analysis for First Savings Financial Group While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … Over half a decade, First Savings Financial Group managed to grow its earnings per share at 19% a year.

Simply Wall St - –

First Savings Financial Group, Inc. (NASDAQ:FSFG) Has Got What It Takes To Be An Attractive Dividend Stock

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a 1.2% yield and a six-year payment history, investors probably think First Savings Financial Group looks like a reliable dividend stock. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

Simply Wall St - –

Does First Savings Financial Group, Inc.'s (NASDAQ:FSFG) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Larry Myers's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St - –

Understated Factors To Consider Before Investing In First Savings Financial Group, Inc. (NASDAQ:FSFG)

As a small-cap bank stock with a market capitalisation of US$123m, First Savings Financial Group, Inc.’s (NASDAQ:FSFG) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Unpredictable macro events such as political instability could weaken its financial position which is why it is important to understand how well the bank manages its risk levels. … High liquidity and low leverage could position First Savings Financial Group favourably at the face of macro headwinds.

Simply Wall St - –

Do Insiders Own Lots Of Shares In First Savings Financial Group, Inc. (NASDAQ:FSFG)?

A look at the shareholders of First Savings Financial Group, Inc. … With a market capitalization of US$124m, First Savings Financial Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for First Savings Financial Group

Simply Wall St - –

Have Insiders Been Selling First Savings Financial Group, Inc. (NASDAQ:FSFG) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in First Savings Financial Group, Inc. … First Savings Financial Group Insider Transactions Over The Last Year. … All up, insiders sold more shares in First Savings Financial Group than they bought, over the last year.

Simply Wall St - –

Should You Be Concerned About First Savings Financial Group, Inc.’s (NASDAQ:FSFG) Risks?

As a small-cap bank with a market capitalisation of US$118m, First Savings Financial Group, Inc.’s (NASDAQ:FSFG) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting First Savings Financial Group’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of First Savings Financial Group's a stock investment.

Simply Wall St - –

FSFG Company Info

Description

First Savings Financial Group, Inc. operates as the holding company for First Savings Bank that provides various banking products and services to consumers and businesses in southern Indiana. The company operates through Core Banking and SBA Lending segments. It accepts deposits, such as checking accounts, NOW and money market accounts, regular savings accounts, and time deposits. The company also provides loans, including one-to four-family residential real estate loans, multi-family real estate loans, commercial business loans, construction loans, and land and land development loans, as well as consumer loans comprising automobile loans, home equity lines of credit, unsecured loans, and loans secured by deposits. In addition, it is involved in investment activities; and the provision of reinsurance to other third-party insurance captives. First Savings Financial Group, Inc. was incorporated in 2008 and is based in Clarksville, Indiana.

Details
Name: First Savings Financial Group, Inc.
FSFG
Exchange: NasdaqCM
Founded: 2008
$139,136,639
2,331,378
Website: http://www.fsbbank.net
Address: First Savings Financial Group, Inc.
501 East Lewis & Clark Parkway,
Clarksville,
Indiana, 47129,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM FSFG Common Stock Nasdaq Capital Market US USD 07. Oct 2008
Number of employees
Current staff
Staff numbers
345
First Savings Financial Group employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:17
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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