Larry Myers became the CEO of First Savings Financial Group, Inc. (NASDAQ:FSFG) in 2008. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'll look at a snap shot of the business growth. And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. The aim of all this is to consider the appropriateness of CEO pay levels.
How Does Larry Myers's Compensation Compare With Similar Sized Companies?
At the time of writing, our data says that First Savings Financial Group, Inc. has a market cap of US$104m, and reported total annual CEO compensation of US$690k for the year to September 2019. While we always look at total compensation first, we note that the salary component is less, at US$276k. We looked at a group of companies with market capitalizations under US$200m, and the median CEO total compensation was US$610k.
Next, let's break down remuneration compositions to understand how the industry and company compare with each other. On a sector level, around 43% of total compensation represents salary and 57% is other remuneration. So it seems like there isn't a significant difference between First Savings Financial Group and the broader market, in terms of salary allocation in the overall compensation package.
That means Larry Myers receives fairly typical remuneration for the CEO of a company that size. While this data point isn't particularly informative alone, it gains more meaning when considered with business performance. The graphic below shows how CEO compensation at First Savings Financial Group has changed from year to year.
Is First Savings Financial Group, Inc. Growing?
On average over the last three years, First Savings Financial Group, Inc. has seen earnings per share (EPS) move in a favourable direction by 16% each year (using a line of best fit). In the last year, its revenue is up 71%.
This shows that the company has improved itself over the last few years. Good news for shareholders. It's great to see that revenue growth is strong, too. These metrics suggest the business is growing strongly. It could be important to check this free visual depiction of what analysts expect for the future.
Has First Savings Financial Group, Inc. Been A Good Investment?
Given the total loss of 9.4% over three years, many shareholders in First Savings Financial Group, Inc. are probably rather dissatisfied, to say the least. It therefore might be upsetting for shareholders if the CEO were paid generously.
Remuneration for Larry Myers is close enough to the median pay for a CEO of a similar sized company .
We'd say the company can boast of its EPS growth, but we find the returns over the last three years to be lacking. We'd be surprised if shareholders want to see a pay rise for the CEO, but we'd stop short of calling their pay too generous. On another note, we've spotted 3 warning signs for First Savings Financial Group that investors should look into moving forward.
If you want to buy a stock that is better than First Savings Financial Group, this free list of high return, low debt companies is a great place to look.
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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Thank you for reading.