JEFFERSONVILLE, Ind., June 02, 2021 (GLOBE NEWSWIRE) — First Financial savings Monetary Group, Inc. (NASDAQ:FSFG) (the “Firm”), the holding firm for First Financial savings Financial institution (the “Financial institution”), at present introduced that its Board of Administrators declared a quarterly money dividend of $0.36 per widespread share, a 100% improve from the prior quarter’s quantity. The dividend will likely be paid on or about June 30, 2021 to stockholders of report as of the shut of enterprise on June 16, 2021.
Commenting on the Firm’s elevated dividend, Larry W. Myers, President and CEO acknowledged: “We’re delighted to double the quarterly money dividend quantity, which normalizes the Firm’s dividend payout ratio to roughly twenty 5 p.c of web revenue attributable to the core banking phase, and return a portion of the Firm’s surplus capital to our shareholders. The Firm’s board of administrators continues to routinely assess the Firm’s capital place and talk about strategic initiatives to successfully deploy capital, which embody natural development, attainable merger and acquisition alternatives, and potential repurchases of Firm inventory. We’re happy to be within the place to guage such alternatives and stay poised to execute when the market situations are favorable.”
The Financial institution is an entrepreneurial neighborhood financial institution headquartered in Jeffersonville, Indiana, which is immediately throughout the river from Louisville, Kentucky, and operates fifteen depository branches inside southern Indiana. The Financial institution additionally has three nationwide lending packages, together with single-tenant web lease business actual property, SBA lending and residential mortgage banking, with places of work positioned all through the USA. First Financial savings is a acknowledged chief, each in its native communities and nationally for its lending packages. The workers of First Financial savings attempt day by day to realize the group’s imaginative and prescient, We Anticipate To Be The BEST neighborhood BANK, which fuels our success. The Firm’s widespread shares commerce on The NASDAQ Inventory Market below the image “FSFG”.
Tony A. Schoen
Chief Monetary Officer