NASDAQ : FCAP
First Capital, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 63.8 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 213.39M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 45.51M | 40.92M | 38.27M | 33.35M | 24.96M | 23.77M |
| Interest Income on Investments | 15.93M | 15.93M | 12.20M | 10.26M | 8.98M | 5.69M |
| Total Interest Income | 61.44M | 56.85M | 50.47M | 43.60M | 33.94M | 29.46M |
| Interest Paid on Deposits | 14.23M | 14.70M | 13.23M | 8.24M | 1.59M | 1.13M |
| Interest Paid on Borrowings | 1.45M | 776.00K | ||||
| Total Interest Expense | 14.23M | 14.70M | 14.68M | 9.02M | 1.59M | 1.13M |
| Net Interest Income | 47.22M | 42.15M | 35.79M | 34.59M | 32.35M | 28.33M |
| Gain (Loss) on Sale of Investments | 189.00K | 55.00K | -342.00K | -167.00K | -414.00K | 335.00K |
| Other Non-Interest Income | 5.41M | 5.17M | 5.04M | 5.04M | 5.24M | 4.90M |
| Total Non-Interest Income | 8.84M | 8.46M | 7.66M | 7.63M | 7.93M | 9.55M |
| Revenues Before Loan Losses | 56.05M | 50.62M | 43.45M | 42.22M | 40.27M | 37.88M |
| Provision for Loan Losses | 1.48M | 1.14M | 1.45M | 1.14M | 950.00K | -325.00K |
| Revenue | 54.57M | 49.47M | 42.00M | 41.08M | 39.32M | 38.21M |
| Salaries and Employee Benefits | 16.70M | 16.70M | 15.34M | 14.75M | 14.26M | 14.05M |
| Occupancy Expenses | 2.37M | 2.37M | 1.88M | 1.73M | 1.81M | 1.74M |
| Selling, General & Administrative | 6.40M | 6.40M | 6.47M | 5.67M | 5.52M | 5.35M |
| Other Non-Interest Expense | 5.56M | 4.09M | 4.14M | 3.88M | 3.50M | 3.39M |
| Total Non-Interest Expense | 31.04M | 29.56M | 27.83M | 26.03M | 25.09M | 24.53M |
| EBT Excluding Unusual Items | 23.54M | 19.91M | 14.17M | 15.05M | 14.23M | 13.68M |
| Pretax Income | 23.54M | 19.91M | 14.17M | 15.05M | 14.23M | 13.68M |
| Income Tax Expense | 4.45M | 3.53M | 2.22M | 2.25M | 2.32M | 2.24M |
| Earnings From Continuing Operations | 19.09M | 16.38M | 11.95M | 12.80M | 11.91M | 11.44M |
| Minority Interest in Earnings | -13.00K | -13.00K | -13.00K | -13.00K | -13.00K | -13.00K |
| Net Income | 19.07M | 16.37M | 11.94M | 12.79M | 11.90M | 11.42M |
| Net Income to Common | 19.07M | 16.37M | 11.94M | 12.79M | 11.90M | 11.42M |
| Basic Shares Outstanding | 3.34M | 3.35M | 3.35M | 3.35M | 3.36M | 3.35M |
| Diluted Shares Outstanding | 3.34M | 3.35M | 3.35M | 3.35M | 3.36M | 3.35M |
| EPS (Basic) | 5.72 | 4.89 | 3.57 | 3.82 | 3.55 | 3.41 |
| EPS (Diluted) | 5.71 | 4.89 | 3.57 | 3.82 | 3.55 | 3.41 |
| Dividend Per Share | 1.25 | 1.20 | 1.12 | 1.08 | 1.04 | 1.04 |
| Effective Tax Rate | 18.90% | 17.73% | 15.64% | 14.94% | 16.30% | 16.38% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 139.02M | 137.29M | 105.92M | 38.67M | 66.30M | 172.51M |
| Investment Securities | 402.92M | 241.63M | 287.33M | 355.44M | 382.95M | 348.86M |
| Mortgage-Backed Securities | 192.68M | 115.46M | 97.22M | 93.22M | 110.70M | |
| Total Investments | 402.92M | 434.31M | 402.79M | 452.66M | 476.16M | 459.56M |
| Gross Loans | 685.90M | 664.45M | 640.68M | 622.60M | 609.42M | 516.01M |
| Allowance for Loan Losses | -10.95M | -10.11M | -9.28M | -8.01M | -6.77M | -6.08M |
| Other Adjustments to Gross Loans | -246.00K | -200.00K | -184.00K | -44.69M | -26.64M | |
| Net Loans | 674.95M | 654.10M | 631.20M | 614.41M | 557.96M | 483.29M |
| Property, Plant & Equipment | 14.36M | 14.18M | 14.44M | 14.71M | 15.24M | |
| Goodwill | 6.47M | 6.47M | 6.47M | 6.47M | 6.47M | |
| Other Intangible Assets | 86.00K | 232.00K | 379.00K | 526.00K | ||
| Loans Held for Sale | 1.46M | 472.00K | 800.00K | 793.00K | 2.41M | |
| Accrued Interest Receivable | 5.10M | 4.58M | 4.79M | 4.29M | 3.43M | |
| Other Real Estate Owned & Foreclosed | 36.00K | |||||
| Other Long-Term Assets | 57.95M | 17.07M | 20.00M | 23.58M | 22.51M | 11.15M |
| Total Assets | 1.27B | 1.27B | 1.19B | 1.16B | 1.15B | 1.16B |
| Accrued Expenses | 4.46M | 3.63M | 3.89M | 4.57M | 5.85M | |
| Interest Bearing Deposits | 1.13B | 833.54M | 825.65M | 787.28M | 800.25M | 784.58M |
| Institutional Deposits | 69.40M | 42.80M | 32.40M | 5.30M | 8.30M | |
| Non-Interest Bearing Deposits | 220.05M | 197.99M | 205.53M | 254.84M | 242.69M | |
| Total Deposits | 1.13B | 1.12B | 1.07B | 1.03B | 1.06B | 1.04B |
| Short-Term Borrowings | 21.50M | |||||
| Accrued Interest Payable | 2.19M | 1.92M | 1.21M | 123.00K | 97.00K | |
| Long-Term Leases | 23.00K | 42.00K | 60.00K | |||
| Other Long-Term Liabilities | 9.73M | 4.44M | 824.00K | 698.00K | 996.00K | 1.10M |
| Total Liabilities | 1.14B | 1.13B | 1.07B | 1.05B | 1.07B | 1.04B |
| Common Stock | 135.71M | 38.00K | 38.00K | 38.00K | 38.00K | 38.00K |
| Additional Paid-In Capital | 41.82M | 41.68M | 41.59M | 41.64M | 41.68M | |
| Retained Earnings | 117.64M | 105.29M | 97.11M | 88.47M | 80.07M | |
| Treasury Stock | -9.88M | -9.28M | -9.22M | -8.69M | -8.66M | |
| Comprehensive Income & Other | -11.82M | -23.12M | -24.28M | -36.29M | 701.00K | |
| Total Common Equity | 135.71M | 137.80M | 114.60M | 105.23M | 85.16M | 113.83M |
| Minority Interest | 112.00K | 112.00K | 112.00K | 112.00K | 112.00K | |
| Shareholders' Equity | 135.71M | 137.91M | 114.71M | 105.34M | 85.27M | 113.94M |
| Total Liabilities & Equity | 1.27B | 1.27B | 1.19B | 1.16B | 1.15B | 1.16B |
| Total Debt | 21.52M | 42.00K | 60.00K | |||
| Net Cash (Debt) | 140.24M | 138.76M | 108.61M | 21.07M | 69.93M | 177.29M |
| Net Cash Per Share | 41.98 | 41.45 | 32.46 | 6.29 | 20.84 | 52.98 |
| Filing Date Shares Outstanding | 3.34M | 3.35M | 3.36M | 3.35M | 3.36M | 3.37M |
| Total Common Shares Outstanding | 3.34M | 3.34M | 3.35M | 3.35M | 3.37M | 3.37M |
| Book Value Per Share | 40.66 | 41.23 | 34.19 | 31.41 | 25.26 | 33.75 |
| Tangible Book Value | 135.71M | 131.32M | 108.04M | 98.53M | 78.31M | 106.83M |
| Tangible Book Value Per Share | 40.66 | 39.30 | 32.23 | 29.41 | 23.23 | 31.67 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 16.37M | 11.94M | 12.79M | 11.90M | 11.42M | |
| Depreciation & Amortization | 1.09M | 1.10M | 1.03M | 1.07M | 1.14M | |
| Gain (Loss) on Sale of Assets | 12.00K | -7.00K | -15.00K | 5.00K | ||
| Gain (Loss) on Sale of Investments | 681.00K | 1.42M | 1.75M | 2.43M | 1.89M | |
| Provision for Credit Losses | 1.14M | 1.45M | 1.14M | 950.00K | -325.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -200.00K | 882.00K | 414.00K | 2.45M | 7.97M | |
| Accrued Interest Receivable | -525.00K | 213.00K | -503.00K | -855.00K | 4.00K | |
| Change in Other Net Operating Assets | 855.00K | 3.33M | -4.68M | -1.28M | 1.30M | |
| Other Operating Activities | 2.28M | 1.66M | 1.30M | 250.00K | 237.00K | |
| Operating Cash Flow | 21.28M | 22.34M | 14.16M | 16.53M | 21.63M | |
| Capital Expenditures | -1.35M | -717.00K | -627.00K | -415.00K | -288.00K | |
| Sale of Property, Plant and Equipment | 7.00K | 65.00K | ||||
| Investment in Securities | -17.20M | 47.95M | 34.83M | -68.20M | -173.57M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -24.05M | -18.24M | -58.22M | -75.61M | 17.28M | |
| Other Investing Activities | 764.00K | 64.00K | 191.00K | 45.00K | ||
| Investing Cash Flow | -41.83M | 29.01M | -23.95M | -144.03M | -156.46M | |
| Long-Term Debt Issued | 167.75M | 354.50M | ||||
| Total Debt Issued | 167.75M | 354.50M | ||||
| Long-Term Debt Repaid | -189.25M | -333.00M | ||||
| Total Debt Repaid | -189.25M | -333.00M | ||||
| Net Debt Issued (Repaid) | -21.50M | 21.50M | ||||
| Repurchase of Common Stock | -595.00K | -64.00K | -525.00K | -26.00K | -125.00K | |
| Common Dividends Paid | -4.02M | -3.75M | -3.62M | -3.51M | -3.51M | |
| Net Increase (Decrease) in Deposit Accounts | 56.55M | 41.23M | -35.19M | 24.83M | 135.10M | |
| Other Financing Activities | -13.00K | -13.00K | -13.00K | -13.00K | -13.00K | |
| Financing Cash Flow | 51.92M | 15.90M | -17.84M | 21.29M | 131.45M | |
| Net Cash Flow | 31.37M | 67.25M | -27.63M | -106.21M | -3.38M | |
| Free Cash Flow | 19.93M | 21.63M | 13.54M | 16.12M | 21.34M | |
| Free Cash Flow Margin | 40.29% | 51.50% | 32.95% | 40.98% | 55.86% | |
| Free Cash Flow Per Share | 5.95 | 6.46 | 4.04 | 4.80 | 6.38 | |
| Cash Interest Paid | 14.42M | 13.97M | 7.93M | 1.57M | 1.18M | |
| Cash Income Tax Paid | 194.00K | 154.00K | 1.83M | 2.33M | 1.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 214.56M | 198.18M | 108.10M | 93.48M | 83.95M | 136.64M |
| Last Close Price | 62.59 | 58.23 | 30.90 | 25.76 | 22.10 | 34.72 |
| PE Ratio | 11.23 | 12.11 | 9.05 | 7.31 | 7.05 | 11.96 |
| PS Ratio | 3.93 | 4.01 | 2.57 | 2.28 | 2.13 | 3.58 |
| PB Ratio | 1.54 | 1.44 | 0.94 | 0.89 | 0.98 | 1.20 |
| P/FCF Ratio | 9.89 | 9.94 | 5.00 | 6.91 | 5.21 | 6.40 |
| P/OCF Ratio | 9.03 | 9.31 | 4.84 | 6.60 | 5.08 | 6.32 |
| Debt / Equity Ratio | 0.20 | 0.00 | 0.00 | |||
| Debt / FCF Ratio | 1.59 | 0.00 | 0.00 | |||
| Net Debt / Equity Ratio | -1.03 | -1.01 | -0.95 | -0.20 | -0.82 | -1.56 |
| Net Debt / FCF Ratio | -6.96 | -5.02 | -1.56 | -4.34 | -8.31 | |
| Return on Equity (ROE) | 14.23% | 12.97% | 10.86% | 13.43% | 11.96% | 10.18% |
| Return on Assets (ROA) | 1.52% | 1.33% | 1.02% | 1.11% | 1.03% | 1.05% |
| Earnings Yield | 8.90% | 8.26% | 11.04% | 13.68% | 14.18% | 8.36% |
| FCF Yield | 10.11% | 10.06% | 20.01% | 14.48% | 19.20% | 15.62% |
| Dividend Yield | 1.99% | 2.02% | 3.47% | 3.87% | 4.18% | 2.57% |
| Payout Ratio | 22.42% | 24.57% | 31.45% | 28.31% | 29.47% | 30.72% |
| Buyback Yield / Dilution | 0.24% | -0.06% | 0.03% | 0.23% | -0.26% | 0.08% |
| Total Shareholder Return | 2.24% | 1.97% | 3.51% | 4.10% | 3.92% | 2.65% |