SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 30, 2023
FIRST SAVINGS FINANCIAL GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
| Indiana | 001-34155 | 37-1567871 |
| (State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) |
| 702 North Shore Drive, Suite 300, Jeffersonville, Indiana | 47130 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (812) 283-0724
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | | Trading
Symbol(s) | | Name of each exchange on which
registered |
| Common Stock, par value $0.01 per share | | FSFG | | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01. | Entry into a Material Definitive Agreement |
On November 30, 2023, First Savings Bank (the “Bank”), the wholly-owned subsidiary of First Savings Financial Group, Inc., entered into an Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (the “Agreement”) with Nationstar Mortgage LLC (“Purchaser”) for the bulk sale of the Bank’s residential mortgage servicing portfolio representing residential mortgage loans serviced by the Bank on behalf of Fannie Mae and Freddie Mac (the “MSR Portfolio”). The MSR portfolio totaled $4.7 billion and the gross purchase price totaled $61.1 million, of which $58.0 million was received at closing on November 30, 2023 and the remaining $3.1 million to be received upon the Bank’s satisfaction of certain mortgage loan documentation deliveries to Purchaser and its agents.
For further information, refer to the copy of the Agreement which is included as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| 104 | Cover Page Interactive Data File (formatted in Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | FIRST SAVINGS FINANCIAL GROUP, INC. |
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| Date: December 6, 2023 | By: | /s/ Tony A. Schoen | |
| | | Tony A. Schoen | |
| | | Chief Financial Officer | |
