First Capital, Inc.

NASDAQ•FCAP

CEO: Mr. Michael Chris Frederick

Sector: Financial Services

Industry: Banks - Regional

Listing Date: 1999-01-04

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans. It also provides residential mortgage loans, construction loans for residential and commercial properties, and commercial real estate and business loans. In addition, the company originates mortgage loans for sale in the secondary market; and offers various secured or guaranteed consumer loans comprising automobile and truck loans, home equity, home improvement, boat, mobile home, and loans secured by savings deposits, as well as unsecured consumer loans. Further, it invests in mortgage-backed securities and collateralized mortgage obligations. The company was founded in 1891 and is based in Corydon, Indiana.

Contact Information

220 Federal Drive, N.W., Corydon, IN, 47112, United States

812-738-2198

www.firstharrison.com

Market Cap

$156.78M

P/E (TTM)

9.5

14.5

Dividend Yield

2.6%

52W High

$71.00

52W Low

$33.73

52W Range

35%

Rank20Top 6.4%

6.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Strong • 6.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$17.10M+13.02%

4-Quarter Trend

EPS

$1.46+50.52%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Jumps 33% Nine-month net income reached $11.5M, driven by tax-equivalent NIM rising to 3.55% from 3.16% year-over-year.

Credit Provisioning Declines Provision for credit losses fell to $794K for nine months, reflecting improved asset quality outlook compared to $1.1M last year.

Assets and Loans Expanded Total assets grew $48.0M to $1.24B by September 30, 2025; net loans increased $11.1M over the nine-month period.

Capital Ratios Remain Strong Community Bank Leverage Ratio (CBLR) improved to 10.82% from 10.57%, maintaining 'well-capitalized' regulatory status.

Risk Factors

EVE Sensitive to Rate Drops EVE modeling projects a $9.8M (5.06%) decrease if rates drop 300 basis points over one year horizon, indicating downside risk.

Noninterest Expense Rising Nine-month noninterest expense increased $1.5M, driven by higher compensation ($769K) and occupancy costs ($560K) related to branch activity.

ACL Coverage Ratio Low Total ACL on loans is $9.86M; management notes potential adverse impact from future economic deterioration on credit quality.

Higher Effective Tax Rate Effective tax rate increased significantly to 18.4% for nine months, reflecting a higher proportion of net income subject to taxation.

Outlook

Adjusting Interest Rate Scenarios Management evaluated and adjusted deposit rate betas and key interest rate index ties to better reflect current competitive deposit pressure.

Targeted Loan Portfolio Growth Expect continued growth in CRE, multifamily, and residential mortgages, partially offset by planned reduction in other construction loans.

Share Repurchase Program Active Company executed $1.44M in common stock repurchases in Q3 2025 under the established Joint Rule 10b5-1 Plan agreement.

Renewable Energy Investment Pace Bank expects to fulfill $1.7M unfunded commitment related to solar tax credit investments by December 31, 2025.

Peer Comparison

Revenue (TTM)

FGBI

$220.51M

-9.9%

HNVR

$143.32M

-3.4%

MNSB

$135.47M

-1.7%

Gross Margin (Latest Quarter)

UBFO

80.5%

+10.2pp

PEBK

79.1%

+4.8pp

FCAP

76.9%

+4.2pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
PEBK	$198.83M	15.7	13.5%	0.9%
CFBK	$183.84M	10.4	9.6%	5.8%
UBFO	$178.28M	14.2	9.0%	1.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

4.1%

Moderate Growth

4Q Net Income CAGR

14.7%

Profitability Improving

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 23, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data