First Savings Financial Group, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net income available to common shareholders of $973,000 or $0.43 per diluted share compared to net income available to common shareholders of $910,000 or $0.39 per diluted share a year ago. Total interest income was $6,760,000 compared to $6,360,000 a year ago. Net interest income was $5,665,000 compared to $5,118,000 a year ago. Net interest income after provision for loan losses was $5,213,000 compared to $4,799,000 a year ago. Income before income taxes was $1,394,000 compared to $1,236,000 a year ago. Net income was $1,016,000 compared to $910,000 a year ago. Return on average assets was 0.63% compared to 0.68% a year ago. Return on average equity was 4.88% compared to 4.76% a year ago. Interest income increased $400,000 when comparing the two periods due primarily to an increase in the average balance of interest-earning assets of $87,100,000 from $488,800,000 for 2011 to $575,900,000 for 2012, which more than offset the change in interest income due to a decrease in the average tax-equivalent yield on interest-earning assets from 5.34% for 2011 to 4.86% for 2012.

The company also announced net charge-offs of $223,000 for the first quarter ended December 31, 2012 compared to $288,000 for the same period in 2011.