First Savings Financial Group (NASDAQ:FSFG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$17.0m (down 19% from 3Q 2023).

• Net income: US$4.07m (up 75% from 3Q 2023).

• Profit margin: 24% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.60 (up from US$0.34 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

First Savings Financial Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is expected to decline by 6.6% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.4%.

Performance of the American Banks industry.

The company's shares are up 8.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on First Savings Financial Group's balance sheet.

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