First Savings Financial Group, Inc. (FSFG) Stock Analysis
DELISTED 2026
What happened to First Savings Financial Group, Inc. (FSFG) stock?
First Savings Financial Group, Inc. (FSFG) no longer trades on public markets. It was delisted in February 2026. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First Savings Financial Group, Inc. (FSFG) trades at $33.98. First Savings Financial Group, Inc. is a bank holding company operating primarily in southern Indiana. Market cap: $238M, Sector: Financial services.
Last analyzed: May 10, 2026Analyst Coverage for FSFG: FSFG does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FSFG against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
FSFG: 1/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →First Savings Financial Group, Inc. (FSFG) Financial Services Profile
First Savings Financial Group, Inc., based in southern Indiana, offers diverse financial services through core banking, SBA lending, and mortgage banking. With a $238M market cap and a P/E ratio of 10.1, the company operates 15 branches, focusing on community banking and specialized lending solutions.
What Is the Investment Thesis for FSFG?
First Savings Financial Group, Inc. presents a focused investment opportunity within the regional banking sector. With a market capitalization of $238M and a P/E ratio of 10.1, the company demonstrates a relatively stable valuation. A profit margin of 15.8% and a gross margin of 57.3% indicate effective cost management and profitability. The company's dividend yield of 1.88% provides a steady income stream for investors. Growth catalysts include expansion of SBA lending activities and strategic mortgage banking initiatives. Potential risks include interest rate sensitivity and competition from larger regional banks. The company's beta of 0.44 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
FSFG Key Highlights
Market Cap of $238M indicates a mid-sized regional bank.
- P/E Ratio of 10.1 suggests a potentially undervalued stock compared to industry peers.
- Profit Margin of 15.8% demonstrates solid profitability.
- Gross Margin of 57.3% reflects efficient cost management.
- Dividend Yield of 1.88% provides a steady income stream for investors.
Who Are FSFG's Competitors?
FSFG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CASH Pathward Financial, Inc. | $83.11 | -1.02% | $1.75B | 81 |
| HBNC Horizon Bancorp, Inc. | $19.59 | -0.25% | $1.01B | 36 |
| WSBC WesBanco, Inc. | $40.88 | -0.68% | $3.92B | 96 |
| HWBK Hawthorn Bancshares, Inc. | $39.44 | +0.19% | $272M | 92 |
| FUNC First United Corporation | $43.35 | -0.55% | $280M | 92 |
| ATLO Ames National Corporation | $31.73 | +1.44% | $281M | 92 |
| CFFI C&F Financial Corporation | $88.84 | +1.86% | $289M | 92 |
| FDBC Fidelity D & D Bancorp, Inc. | $54.33 | +0.15% | $315M | 91 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FSFG's Key Strengths?
Strong local presence in southern Indiana.
- Diversified revenue streams through core banking, SBA lending, and mortgage banking.
- Experienced management team.
- Solid profitability with a profit margin of 15.8%.
What Are FSFG's Weaknesses?
Limited geographic reach.
- Reliance on traditional banking services.
- Smaller market capitalization compared to larger regional banks.
- Sensitivity to interest rate fluctuations.
What Could Drive FSFG Stock Higher?
Potential interest rate hikes by the Federal Reserve could increase net interest margin.
- Expansion of SBA lending activities to support small business growth.
- Implementation of digital banking enhancements to attract and retain customers.
- Strategic partnerships to expand mortgage banking services.
What Are the Key Risks for FSFG?
Financial-distress signal — its Altman Z-Score of -0.44 sits in the distress zone (elevated bankruptcy risk).
- Economic downturn in southern Indiana could impact loan performance.
- Increased competition from larger regional banks.
- Regulatory changes could increase compliance costs.
- Interest rate sensitivity could impact profitability.
What Are the Growth Opportunities for FSFG?
- Expansion of SBA Lending: First Savings Financial Group can capitalize on the increasing demand for small business loans by expanding its SBA lending program. The SBA guarantees a portion of the loan, reducing the bank's risk and encouraging lending to small businesses. The market for SBA loans is estimated to be worth billions of dollars annually, providing a significant growth opportunity for First Savings Financial Group. Timeline: Ongoing.
- Strategic Mortgage Banking Initiatives: By focusing on niche mortgage products and strategic partnerships, First Savings Financial Group can increase its mortgage banking revenue. This includes offering specialized mortgage products for first-time homebuyers or focusing on underserved markets. The mortgage market is cyclical, but strategic initiatives can help mitigate risk and drive growth. Timeline: Ongoing.
- Digital Banking Enhancements: Investing in digital banking technologies can attract and retain customers, improve efficiency, and reduce operating costs. This includes developing a user-friendly mobile banking app, offering online account opening, and implementing digital marketing strategies. The digital banking market is growing rapidly, and First Savings Financial Group must adapt to remain competitive. Timeline: Ongoing.
- Geographic Expansion within Southern Indiana: First Savings Financial Group can expand its branch network within southern Indiana to reach new customers and increase its market share. This includes opening new branches in underserved areas or acquiring smaller community banks. Geographic expansion can drive deposit growth and increase lending opportunities. Timeline: Ongoing.
- Cross-Selling Financial Products: By cross-selling its various financial products, such as insurance and investment services, First Savings Financial Group can increase revenue per customer and improve customer loyalty. This includes training employees to identify customer needs and offer appropriate products and services. Cross-selling can be a cost-effective way to drive growth and improve profitability. Timeline: Ongoing.
What Threats Does FSFG Face?
- Competition from larger regional and national banks.
- Disruption from fintech companies.
- Regulatory changes.
- Economic downturns.
What Are FSFG's Competitive Advantages?
- Strong local presence in southern Indiana.
- Established relationships with customers and businesses.
- Expertise in SBA lending.
- Community banking focus.
What Does FSFG Do?
First Savings Financial Group, Inc., established in 2008 and headquartered in Jeffersonville, Indiana, functions as the bank holding company for First Savings Bank. The bank delivers a comprehensive suite of financial services to consumers and businesses across southern Indiana. Its operations are structured into three primary segments: Core Banking, SBA Lending, and Mortgage Banking. The Core Banking segment encompasses traditional banking services, including deposit accounts such as checking, NOW, money market, regular savings, and time deposits. The bank also provides a variety of loan products, including one-to four-family residential real estate, commercial real estate, construction, land and land development, multi-family real estate, and commercial business loans. Additionally, it offers consumer loans like automobile loans, home equity lines of credit, unsecured loans, and loans secured by deposits. The SBA Lending segment focuses on providing Small Business Administration loans, supporting local businesses with access to capital. The Mortgage Banking segment is involved in originating and selling mortgage loans. Beyond lending and deposit services, First Savings Financial Group also engages in investment activities, offers property and casualty insurance products, and provides reinsurance to third-party insurance captives. With 15 branches, First Savings Financial Group maintains a strong local presence, emphasizing community banking relationships and tailored financial solutions.
What Products and Services Does FSFG Offer?
- Provides core banking services, including checking and savings accounts.
- Offers SBA lending to support small businesses.
- Engages in mortgage banking activities.
- Provides one-to four-family residential real estate loans.
- Offers commercial real estate and construction loans.
- Provides consumer loans, such as auto loans and home equity lines of credit.
- Engages in investment activities.
- Offers property and casualty insurance products.
How Does FSFG Make Money?
- Generates revenue from interest income on loans.
- Earns fees from mortgage banking activities.
- Receives income from investment activities.
- Collects premiums from property and casualty insurance products.
What Industry Does FSFG Operate In?
First Savings Financial Group, Inc. operates within the regional banking sector, which is characterized by intense competition and evolving customer preferences. The industry is undergoing digital transformation, with fintech companies challenging traditional banking models. Regional banks like First Savings Financial Group must adapt by enhancing their digital offerings and focusing on personalized customer service. The market is also influenced by regulatory changes and interest rate fluctuations. First Savings Financial Group's focus on community banking and SBA lending positions it to capitalize on local market opportunities.
Who Are FSFG's Key Customers?
- Consumers in southern Indiana seeking banking services.
- Small businesses in southern Indiana requiring loans.
- Individuals seeking mortgage loans.
- Customers needing property and casualty insurance.
Company Profile
First Savings Financial Group, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Jeffersonville, US. The company is led by CEO Larry W. Myers. FSFG has traded publicly since 2008.
How First Savings Financial Group, Inc. Is Valued
First Savings Financial Group, Inc. carries a market capitalization of $238M, placing it in the micro-cap category.
Key Financial Metrics
Return on equity for First Savings Financial Group, Inc. stands at 9.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.7%, showing how much profit it generates from its asset base. FSFG trades at a trailing price-to-earnings ratio of 10.10, below the Financial Services sector average of ~18x. Its free cash flow yield is 33.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.17 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 7.2%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
First Savings Financial Group, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of -0.44 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project First Savings Financial Group, Inc. revenue of about $90.8M for fiscal 2026, with EPS near $3.31.
FSFG Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong local presence in southern Indiana.
- Diversified revenue streams through core banking, SBA lending, and mortgage banking.
- Experienced management team.
- Solid profitability with a profit margin of 15.8%.
Bear Case
- Limited geographic reach.
- Reliance on traditional banking services.
- Smaller market capitalization compared to larger regional banks.
- Sensitivity to interest rate fluctuations.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
FSFG Latest News
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Stocks That Hit 52-Week Highs On Tuesday
· Jul 13, 2021
Leadership: Larry W. Myers
CEO
Larry W. Myers serves as the CEO of First Savings Financial Group, Inc., bringing extensive experience in the financial services industry. His career spans several decades, with a focus on community banking and strategic leadership. He has a strong background in financial management, risk assessment, and regulatory compliance. Mr. Myers is responsible for overseeing the company's overall strategy and operations, ensuring its continued growth and profitability. His leadership is instrumental in maintaining First Savings Financial Group's position as a trusted financial institution in southern Indiana.
Track Record: Under Larry W. Myers' leadership, First Savings Financial Group has maintained a consistent growth trajectory, expanding its services and strengthening its community ties. He has overseen the implementation of key strategic initiatives, including the expansion of SBA lending and the enhancement of digital banking capabilities. His focus on customer service and community engagement has contributed to the company's strong reputation and customer loyalty.
FSFG Financial Services Stock FAQ
What happened to First Savings Financial Group, Inc. (FSFG) stock?
First Savings Financial Group, Inc. (FSFG) no longer trades on public markets. It was delisted in February 2026. The figures below are historical and are not a current quote.
Can I still buy FSFG shares?
No. FSFG stopped trading on public markets in February 2026, so the shares are not available through a broker. Anything you see quoted for FSFG elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before FSFG stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to First Savings Financial Group, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does First Savings Financial Group, Inc. do?
First Savings Financial Group, Inc. operates as the bank holding company for First Savings Bank, providing a range of financial services to consumers and businesses in southern Indiana. The company's core business revolves around accepting deposits, providing loans (including residential, commercial, and consumer loans), and engaging in mortgage banking activities.
What do analysts say about FSFG stock?
Analyst coverage of First Savings Financial Group, Inc. (FSFG) is limited, but key valuation metrics provide insights. The company's P/E ratio of 10.1 suggests a potentially undervalued stock compared to industry peers. The profit margin of 15.8% and gross margin of 57.3% indicate solid profitability and efficient cost management.
What are the main risks for FSFG?
First Savings Financial Group, Inc. faces several key risks. Economic conditions in southern Indiana could impact loan performance, particularly in the residential and commercial real estate sectors. Increased competition from larger regional and national banks could erode market share. Regulatory changes, such as increased capital requirements, could increase compliance costs.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are as of the latest available reporting period.