secwatch.observer — SEC 8-K summary
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Issuer:     First Savings Financial Group, Inc. (—)
CIK:        0001435508
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001104659-23-009007
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1435508/000110465923009007/0001104659-23-009007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1435508/000110465923009007/tm235096d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-009007

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