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.
Track the latest developments from First Capital Inc. (FCAP) and its banking subsidiary, First Harrison Bank. As a community bank holding company serving southern Indiana and the Louisville metropolitan area, First Capital generates news primarily around quarterly earnings performance, dividend announcements, and strategic capital management decisions.
Community banks like First Harrison Bank occupy a distinct position in the financial services landscape. Their news flow differs from larger regional and national banks, focusing on local market conditions, lending activity, and shareholder returns rather than complex trading operations or large-scale acquisitions. This page aggregates material announcements including quarterly financial results, dividend declarations, stock repurchase program updates, and regulatory filings.
For investors following small-cap banking stocks, First Capital's announcements provide insight into community bank profitability, credit quality trends, and capital allocation priorities. The company's dividend history and repurchase activity reflect management's approach to returning value to shareholders while maintaining appropriate capital levels for a regulated financial institution.
Bookmark this page to monitor First Capital Inc. news as it develops. Whether you're evaluating FCAP as an investment or tracking community banking sector trends in the Midwest, this news feed delivers timely coverage of company announcements and material events.
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.
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