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0.023504770770305 0.023504770770305 0.023504770770305 0.023504770770305 0.023504770770305 -0.0211915289737025 -0.0211915289737025 -0.0211915289737025
Stock impact report

First Savings Financial Group, Inc. Reports Financial Results for the Second Fiscal Quarter Ended March 31, 2020

First Savings Financial Group, Inc. (FSFG) 
Company Research Source: GlobeNewswire
JEFFERSONVILLE, Ind., April 29, 2020 (GLOBE NEWSWIRE) -- First Savings Financial Group, Inc. (NASDAQ: FSFG - news) (the "Company"), the holding company for First Savings Bank (the "Bank"), today reported a net loss of $627,000, or a net loss of $0.26 per diluted share, for the quarter ended March 31, 2020 compared to net income of $3.5 million, or net income of $1.50 per diluted share, for the quarter ended March 31, 2019. The net loss of $627,000 for the quarter ended March 31, 2020 was primarily the result of a $4.0 million net loss recorded for the mortgage banking segment and provision for loan losses of $1.7 million during the period.  The net loss for the mortgage banking segment is primarily the result of unfavorable market value movements related to forward mortgage loan sale contracts, interest rate lock commitments, loans held for sale and mortgage servicing assets towards the end of the quarter and due primarily to market disruptions arising from the novel coronavirus (“ Show less Read more
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