Welcome to our dedicated page for First Cap news (Ticker: FCAP), a resource for investors and traders seeking the latest updates and insights on First Cap stock.
First Capital Inc (FCAP), the parent company of First Harrison Bank, provides investors and stakeholders with timely updates through this centralized news hub. Track official press releases, regulatory filings, and strategic developments from this federally chartered financial institution.
This resource offers essential updates including earnings announcements, leadership changes, and compliance milestones. Discover coverage of commercial lending initiatives, residential loan portfolio updates, and risk management practices that shape FCAP's operations.
All content is sourced directly from company disclosures and regulatory documents, ensuring accuracy for those monitoring the banking sector. Bookmark this page for streamlined access to First Capital Inc's latest financial communications and operational updates.
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.
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