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First Capital Inc - FCAP STOCK NEWS

Welcome to our dedicated page for First Capital news (Ticker: FCAP), a resource for investors and traders seeking the latest updates and insights on First Capital stock.

First Capital Inc. (NASDAQ: FCAP) is the financial holding company of First Harrison Bank, a federally-chartered savings bank headquartered in Palmyra, Indiana. Located at 710 Main St NE, the bank provides a wide range of banking services to both individuals and businesses across America. Through its subsidiary, First Harrison Bank, the company offers various types of loans including residential, construction, commercial real estate, and commercial business loans. Additionally, the bank provides consumer loans such as home equity, second mortgage, and automobile and truck loans.

First Capital Inc. is dedicated to delivering high-quality financial services with a focus on reliability and customer satisfaction. The company has shown impressive financial performance, reporting a net income of $12.8 million, or $3.82 per diluted share, for the year ended December 31, 2023. This marks an increase from the previous year's net income of $11.9 million, or $3.55 per diluted share.

With a strong commitment to community and customer relations, First Harrison Bank continues to expand its services and product offerings, ensuring it meets the diverse needs of its clientele. The company is also known for its strategic partnerships and robust financial health, making it a dependable institution in the banking sector.

Stay updated with the latest news and developments about First Capital Inc. to track its performance and growth in the financial market.

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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.

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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.

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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.

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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.

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First Capital, Inc., the holding company for First Harrison Bank, reported net income of $3.0 million for Q1 2024, compared to $3.8 million in Q1 2023. Interest income increased, but interest expense rose, leading to a decrease in net interest income. Noninterest income and total assets remained stable, while nonperforming assets decreased. The Bank's effective tax rate improved, and deposits decreased slightly.

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First Capital, Inc. (NASDAQ:FCAP) announced its annual stockholders' meeting on May 22, 2024. The holding company for First Harrison Bank operates in Indiana and Kentucky with multiple office locations. Online banking services are accessible through their website.
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First Capital, Inc. (NASDAQ: FCAP) announces a quarterly cash dividend of $0.27 per share of common stock. The dividend will be paid on March 29, 2024, to shareholders of record as of March 15, 2024. First Capital is the holding company for First Harrison Bank, with multiple offices in Indiana and Kentucky.
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First Capital, Inc. (NASDAQ: FCAP) reported net income of $12.8 million for the year ended December 31, 2023, compared to $11.9 million for 2022. Net interest income increased by $2.1 million, with interest income up by $9.7 million. Noninterest income decreased by $295,000, and noninterest expenses increased by $940,000. The Company's net income for the quarter ended December 31, 2023, was $3.1 million, down from $3.5 million in 2022.
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First Capital, Inc. (FCAP) declares a quarterly cash dividend of $0.27 per share of common stock. The dividend will be paid on December 29, 2023, to shareholders of record as of December 15, 2023. First Capital, Inc. is the holding company for First Harrison Bank, with multiple offices in Indiana and Kentucky.
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First Capital, Inc. reports net income of $3.1 million for Q3 2023, compared to $3.1 million in Q3 2022. Net interest income decreased $236,000. Interest income increased $2.1 million due to higher tax-equivalent yield on interest-earning assets. Interest expense increased $2.3 million. Noninterest income increased $74,000. Noninterest expense decreased $78,000. Income tax expense decreased $97,000. For the nine months ended September 30, 2023, net income was $9.7 million, compared to $8.4 million in the same period in 2022. Net interest income increased $2.5 million. Interest income increased $7.8 million. Interest expense increased $5.0 million. Noninterest income decreased $184,000. Noninterest expenses increased $760,000. Income tax expense increased $254,000. Total assets were $1.14 billion at September 30, 2023.
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FAQ

What is the current stock price of First Capital (FCAP)?

The current stock price of First Capital (FCAP) is $34.914 as of November 6, 2024.

What is the market cap of First Capital (FCAP)?

The market cap of First Capital (FCAP) is approximately 118.2M.

What is First Capital Inc.?

First Capital Inc. is the financial holding company of First Harrison Bank, providing banking services to individuals and businesses in the U.S.

Where is First Harrison Bank located?

First Harrison Bank is located at 710 Main St NE, Palmyra, Indiana, United States.

What types of loans does First Harrison Bank offer?

The bank offers residential loans, construction loans, commercial real estate loans, commercial business loans, home equity loans, second mortgage loans, and automobile and truck loans.

How did First Capital Inc. perform financially in 2023?

First Capital Inc. reported a net income of $12.8 million, or $3.82 per diluted share, for the year ended December 31, 2023.

How did the company's net income in 2023 compare to 2022?

The company's net income increased from $11.9 million in 2022 to $12.8 million in 2023.

What is the core business of First Capital Inc.?

The core business of First Capital Inc. is to provide banking services through its subsidiary, First Harrison Bank, including various loan products and consumer banking services.

What is the stock symbol for First Capital Inc.?

The stock symbol for First Capital Inc. is FCAP.

How does First Harrison Bank support its community?

First Harrison Bank is committed to community and customer relations, providing diverse financial services to meet client needs while supporting local initiatives.

What recent achievements has First Capital Inc. made?

First Capital Inc. reported an increase in net income and earnings per share for the year ended December 31, 2023, demonstrating financial growth.

How can I stay updated with the latest news about First Capital Inc.?

You can stay updated with the latest news and developments about First Capital Inc. by following financial news platforms and the company's announcements.

First Capital Inc

Nasdaq:FCAP

FCAP Rankings

FCAP Stock Data

118.23M
3.35M
4.44%
12.58%
0.16%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
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