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.
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First Capital, Inc. (NASDAQ:FCAP) announced leadership changes as Michael C. Frederick has been appointed President and CEO of First Harrison Bank, succeeding William W. Harrod, who will remain CEO of the Company until July 1, 2023. Frederick, a long-time employee since 1990, moves from CFO, while Joshua P. Stevens, CPA, takes over as CFO after joining in August 2022. Frederick expressed commitment to the bank’s values and long-term shareholder value. The bank operates 18 offices across Indiana and Kentucky, focusing on community engagement and service.
The Board of Directors of First Capital has declared a quarterly cash dividend of $0.27 per share, set for payment on March 31, 2023. Shareholders on record as of March 17, 2023 will be eligible for this dividend. First Capital serves as the holding company for First Harrison Bank, which operates eighteen locations across Indiana and Kentucky, providing access to banking services via its website.
First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank, has scheduled its annual stockholders meeting for May 24, 2023. The Bank serves multiple communities in Indiana and Kentucky, operating eighteen offices across these regions. Shareholders and interested parties can access information on First Harrison Bank’s offerings, including online banking and electronic payments, through their website at www.firstharrison.com. For further inquiries, contact M. Chris Frederick, the Executive Vice President and Chief Financial Officer.
First Capital, Inc. (NASDAQ: FCAP) reported a net income of $11.9 million, or $3.55 per diluted share for 2022, compared to $11.4 million or $3.41 per share in 2021. This increase is attributed to a $2.7 million rise in net interest income after provisions for loan losses, driven by higher interest income from a rise in average interest-earning assets. Despite this, noninterest income decreased by $1.6 million due to a decline in loan sale gains, and noninterest expenses rose $557,000. As of December 31, total assets were $1.15 billion, with deposits growing by $24.8 million. The Company remains well-capitalized under regulatory guidelines.
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