First Savings Financial Group (NASDAQ:FSFG) 2024 Q2 Results
Main financial results
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Revenue: USD 17.6 million (down 20% from Q2 2023).
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Net profit: USD 4.93 million (up 32% compared to Q2 2023).
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Margin: 28% (up from 17% in Q2 2023). The increase in profit margins was driven by lower expenses.
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EPS: USD 0.72 (up from USD 0.54 in Q2 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
First Savings Financial Group's EPS beats expectations
Sales were in line with analyst forecasts. Earnings per share (EPS) exceeded analyst estimates by 60%.
Looking ahead, U.S. banking industry revenues are expected to decline by an average of 8.6% per year over the next two years, while revenues are expected to grow by 6.0%.
performance of American banking industry.
The company's stock price rose 4.7% from the previous week.
balance sheet analysis
Just as investors need to consider its earnings, it's also important to consider the strength of a company's balance sheet.look Our latest analysis of First Savings Financial Group's balance sheet strength.
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