---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-106885"
form_type: "8-K"
ticker: null
cik: "0001435508"
company_name: "First Savings Financial Group, Inc."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:42:15.413303+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Savings Financial Group to exit residential mortgage banking; estimates $2.5M pre-tax charge

## Summary
- Board committed to exit residential mortgage banking operations in Q1 FY ending Dec 31, 2023.
- Estimated pre-tax charge of ~$2.5M: $1.8M employee costs, $600K contract termination, $50K lease termination.
- All costs expected to be cash expenditures.
- Bank to continue originating 1-4 family mortgages from local retail centers and 1st Lien HELOCs from Franklin, TN office.

## SEC filing metadata
- accession: 0001104659-23-106885
- form_type: 8-K
- cik: 0001435508
- company_name: First Savings Financial Group, Inc.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1435508/000110465923106885/0001104659-23-106885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1435508/000110465923106885/tm2327763d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-106885
- JSON: https://secwatch.observer/filing/0001104659-23-106885.json
- Plain text: https://secwatch.observer/filing/0001104659-23-106885.txt

## Key facts
- Restructurings & Charges
  First Savings Financial Group, Inc. announced a restructuring with charges of approximately $2.5 million affecting the Bank's residential mortgage banking operations.
  - Type: restructuring
  - Charge: approximately $2.5 million
  - Affected area: the Bank's residential mortgage banking operations
  source text: which includes its third-party origination and retail loan production office channels. The Company estimates that it will incur total pre-tax expense of approximately $2.5 million in the first fiscal quarter ending December 2023 associated with exiting the Bank’s residential mortgage banking operations . These expenses, all of which are expected to result
  evidence_url: https://www.sec.gov/Archives/edgar/data/1435508/000110465923106885/0001104659-23-106885-index.htm

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