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FCAP

First Capital, Inc.

FCAP

First Capital, Inc. • NASDAQ
$49.99 ▲ 1.19% (+0.59)
Market Cap $167.72 M
52w High $53.85
52w Low $28.50
Dividend Yield 1.18%
P/E 11.34
Volume 1.04K
Outstanding Shares 3.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $1.34 ▲ $867K ▼
Q2-2025 $16.058M ▲ $7.494M ▲ $3.775M ▲ 23.509% ▲ $1.13 ▲ $4.91M ▲
Q1-2025 $15.176M ▲ $7.181M ▲ $3.235M ▼ 21.317% ▼ $0.97 $4.191M ▼
Q4-2024 $15.126M ▲ $7.047M ▲ $3.262M ▲ 21.566% ▲ $0.97 ▲ $4.237M ▲
Q3-2024 $15.024M $7.024M $2.898M 19.289% $0.87 $3.712M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $553.091M ▲ $1.235B ▼ $1.103B ▼ $346.181M ▲
Q2-2025 $532.389M ▲ $1.243B ▲ $1.119B ▲ $123.2M ▲
Q1-2025 $511.036M ▲ $1.215B ▲ $1.094B ▲ $120.08M ▲
Q4-2024 $91.684M ▼ $1.188B ▼ $1.073B ▲ $114.599M ▼
Q3-2024 $438.272M $1.189B $1.072B $116.775M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.481M ▲ $7.941M ▲ $-13.363M ▼ $-16.996M ▼ $-22.418M ▼ $8.43M ▲
Q2-2025 $3.778M ▲ $3.724M ▼ $-11.473M ▼ $25.721M ▲ $17.972M ▲ $3.455M ▼
Q1-2025 $3.238M ▼ $4.387M ▲ $-10.18M ▼ $16.499M ▲ $10.706M ▼ $4.167M ▲
Q4-2024 $3.262M ▲ $4.064M ▼ $10.331M ▼ $1.583M ▼ $15.978M ▼ $3.741M ▼
Q3-2024 $2.908M $7.58M $16.798M $14.99M $39.368M $7.497M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
ATM and Debit Card Fees
ATM and Debit Card Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Charges On Deposit Accounts
Service Charges On Deposit Accounts
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Earnings look steady rather than fast‑growing. Revenue and profits have inched up over the past several years, but not dramatically. Margins appear reasonably healthy for a community bank, suggesting disciplined pricing and cost control. The small dip in recent per‑share earnings versus the prior year hints at some pressure on profitability, likely from higher funding costs or competitive pricing, but overall performance still looks stable and consistent over time rather than volatile.

Balance Sheet

Balance Sheet The balance sheet looks conservative and traditional. Assets have grown gradually, equity has been maintained at a solid level, and the bank has used very little debt overall. Cash levels are modest but steady, which is typical for a regional bank that earns money mainly from loans and securities. Overall, the figures point to a cautious approach to leverage and capital, supporting resilience rather than aggressive expansion.

Cash Flow

Cash Flow Cash generation from the core banking business has been positive and fairly consistent year after year. Free cash flow closely tracks operating cash flow, with only light spending on physical investments, which suggests the bank does not require heavy capital outlays to run or grow its business. This pattern supports the idea of a slow‑and‑steady model, where operations largely fund themselves without relying heavily on external financing.

Competitive Edge

Competitive Edge FCAP operates as a classic community bank in Southern Indiana and Kentucky, competing on relationships, local decision‑making, and personalized service rather than on cutting‑edge technology or national scale. Its long history and deep local ties create customer loyalty that larger out‑of‑market banks may struggle to match. At the same time, its smaller size and regional focus mean it faces ongoing pressure from big banks and fintechs that can spend more on digital features and marketing, so maintaining that community loyalty is critical to its positioning.

Innovation and R&D

Innovation and R&D The company’s innovation is practical and community‑oriented rather than disruptive. The Innovation Hub @ 44, the branded Banking Butler mobile app, and partnerships for merchant services show a focus on making modern banking convenient while reinforcing its role as a local partner. Instead of building everything in‑house, FCAP leverages collaborations and targeted projects to extend its capabilities. Future progress is likely to come from incremental upgrades to digital banking, more support for small businesses, and possibly expanding its community‑innovation model to other markets.

Summary

Overall, FCAP looks like a steady, relationship‑driven community bank with consistent earnings, a cautious balance sheet, and dependable cash generation. Its strengths lie in deep local roots, personalized service, and practical use of technology to support—rather than replace—its community focus. The trade‑off is slower growth and ongoing competition from larger, more tech‑heavy players. Its long‑term story depends on continuing to strengthen community ties while gradually enhancing digital tools and small‑business services without taking on excessive risk.

NEWS

October 24, 2025 · 4:45 PM UTC

First Capital, Inc. Reports Record Quarterly Earnings

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