First Cap Inc Stock Price, News & Analysis

First Capital (NASDAQ: FCAP) reported strong Q1 2025 financial results with net income of $3.2 million, or $0.97 per diluted share, compared to $3.0 million ($0.88 per share) in Q1 2024.

Key highlights include:

• Net interest income after provision increased by $923,000
• Interest income grew by $1.5 million due to higher yield on interest-earning assets (4.63% vs 4.29%)
• Total assets reached $1.21 billion, up from $1.19 billion in December 2024
• Deposits increased by $17.5 million to $1.08 billion
• Net loans receivable, cash equivalents, and securities available for sale showed positive growth

The Bank's performance was marked by improved margins, with tax-equivalent net interest margin increasing from 3.14% to 3.34% year-over-year. Nonperforming assets decreased from $4.5 million to $4.1 million, reflecting strong asset quality management.

First Capital (NASDAQ:FCAP), the holding company for First Harrison Bank, has announced its annual meeting of stockholders will take place on Wednesday, May 21, 2025. The bank operates through eighteen branches across Indiana and Kentucky communities, including Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville, Charlestown, Shepherdsville, Mt. Washington, and Lebanon Junction.

Customers can access their accounts and services, including online banking and electronic bill payments, through the bank's website at firstharrison.com.

First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on March 28, 2025 to shareholders of record as of March 14, 2025.

First Capital is the holding company for First Harrison Bank, which operates eighteen branches across Indiana and Kentucky communities. The bank maintains offices in various locations including Corydon, New Albany, Jeffersonville, Salem, and Shepherdsville, providing banking services and online access through their website.

First Capital (NASDAQ: FCAP) reported net income of $11.9 million ($3.57 per diluted share) for 2024, compared to $12.8 million ($3.82 per diluted share) in 2023. The company's net interest income after provision for credit losses increased by $894,000 year-over-year.

Key financial metrics include: Interest income increased by $6.9 million, with tax-equivalent yield rising from 3.96% to 4.49%. Interest expense grew by $5.7 million as average cost of interest-bearing liabilities increased from 1.11% to 1.73%. The tax-equivalent net interest margin improved slightly from 3.16% to 3.20%.

Total assets reached $1.19 billion by December 31, 2024, up from $1.16 billion in 2023. Deposits increased by $41.2 million to $1.07 billion. Notably, nonperforming assets increased from $1.8 million to $4.5 million, primarily due to two commercial loan relationships totaling $2.6 million being classified as nonaccrual.

First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on December 27, 2024 to shareholders of record as of December 13, 2024. First Capital operates through First Harrison Bank, which maintains eighteen branches across Indiana and Kentucky communities, including Corydon, New Albany, Jeffersonville, and Shepherdsville.

First Capital (NASDAQ: FCAP) reported net income of $2.9 million ($0.87 per diluted share) for Q3 2024, compared to $3.1 million ($0.94 per diluted share) in Q3 2023. Net interest income after provision for credit losses increased by $415,000. Interest income rose $2.0 million due to higher average yield on interest-earning assets (4.53% vs 3.96%). The net interest margin improved to 3.12% from 3.02%. Noninterest income decreased $147,000, while noninterest expense increased $543,000. Total assets reached $1.19 billion, with deposits stable at $1.03 billion. Nonperforming assets increased to $4.5 million from $1.8 million at year-end 2023.

First Capital, Inc. (NASDAQ: FCAP) has announced a 7.4% increase in its quarterly cash dividend. The new dividend of $0.29 per share will be paid on September 27, 2024, to shareholders of record as of September 13, 2024. This represents a $0.02 increase from the previous dividend of $0.27 paid on June 28, 2024.

President and CEO Michael C. Frederick attributed the increase to First Capital's continued profitability and commitment to returning capital to shareholders. First Capital is the holding company for First Harrison Bank, which operates 18 offices across Indiana and Kentucky communities.

First Capital, Inc. (NASDAQ: FCAP) reported net income of $2.8 million, or $0.85 per diluted share, for Q2 2024, compared to $2.7 million, or $0.82 per diluted share, in Q2 2023. Key highlights include:

- Net interest income after provision for credit losses increased by $335,000
- Interest income rose by $1.6 million due to higher average tax-equivalent yield
- Interest expense increased by $1.3 million
- Tax-equivalent net interest margin improved from 3.06% to 3.15%
- Noninterest income increased by $160,000
- Noninterest expense rose by $334,000

For the first half of 2024, net income was $5.8 million, or $1.73 per diluted share, compared to $6.5 million, or $1.95 per diluted share, in the same period of 2023. Total assets remained stable at $1.16 billion, while deposits decreased by $11.0 million to $1.01 billion.

The Board of Directors of First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.27 per share of common stock. This dividend will be payable on June 28, 2024, to shareholders recorded by June 14, 2024. First Capital is the parent company of First Harrison Bank, which operates eighteen offices across various Indiana and Kentucky communities. The bank offers online banking and electronic bill payments via their website.