First Savings Financial Group Inc (FSFG) has reported an 88.01 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $2.34 million, or $1 a share in the quarter, compared with $1.24 million, or $0.52 a share for the same period last year. Revenue during the quarter grew 12.58 percent to $8.56 million from $7.60 million in the previous year period. Net interest income for the quarter rose 13.49 percent over the prior year period to $6.99 million. Non-interest income for the quarter rose 29.85 percent over the last year period to $1.88 million.
Net interest margin improved 9 basis points to 3.94 percent in the quarter from 3.85 percent in the last year period. Efficiency ratio for the quarter improved to 62.50 percent from 77.51 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.
Investments stood at $185.58 million as on Dec. 31, 2016. Shareholders equity was at $85.12 million as on Dec. 31, 2016.
Return on average assets moved up 48 basis points to 1.15 percent in the quarter from 0.67 percent in the last year period. At the same time, return on average equity increased 564 basis points to 10.85 percent in the quarter from 5.21 percent in the last year period.
Meanwhile, nonperforming assets to total assets was 1.47 percent in the quarter.
Book value per share was $38.27 for the quarter.
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