---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-009007"
form_type: "8-K"
ticker: null
cik: "0001435508"
company_name: "First Savings Financial Group, Inc."
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:39:56.886495+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Savings Financial restates FY2022; net income reduced $1.1M due to errors

## Summary
- Audit Committee concludes FY2022 audited financials can no longer be relied upon.
- Overstated other assets from capitalized consulting fee that should have been expensed.
- Understated loans by ~$38M from sold participations reclassified as secured borrowings.
- Restated net income $15.4M (down from $16.4M); basic EPS $2.18 vs. $2.33.
- Amended 10-K/A to be filed by February 6, 2023.

## SEC filing metadata
- accession: 0001104659-23-009007
- form_type: 8-K
- cik: 0001435508
- company_name: First Savings Financial Group, Inc.
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1435508/000110465923009007/0001104659-23-009007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1435508/000110465923009007/tm235096d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-009007
- JSON: https://secwatch.observer/filing/0001104659-23-009007.json
- Plain text: https://secwatch.observer/filing/0001104659-23-009007.txt

## Key facts
- Auditor Changes
  First Savings Financial Group, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On January 27, 2023, the Audit Committee of the Board of Directors of First Savings Financial Group, Inc. (the “Company”) concluded that the Company’s audited consolidated financial statements, and related notes, included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2022, should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1435508/000110465923009007/0001104659-23-009007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.