First Savings Financial Group Full Year 2024 Earnings: Misses Expectations

• Revenue: US$68.1m (down 19% from FY 2023).

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• Net income: US$13.6m (up 66% from FY 2023).

• Profit margin: 20% (up from 9.7% in FY 2023). The increase in margin was driven by lower expenses.

• EPS: US$1.99 (up from US$1.19 in FY 2023).

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  Net interest margin (NIM): 2.68% (down from 3.10% in FY 2023).

• Cost-to-income ratio: 74.9% (down from 80.6% in FY 2023).

• Non-performing loans: 0.85% (up from 0.78% in FY 2023).

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

Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 1.5%.

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Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company’s share price is broadly unchanged from a week ago.

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on First Savings Financial Group’s balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.