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Savings Institutions
Quarterly ResultApr 24, 2026, 04:47 PM

First Capital Q1 Net Income Jumps 34% to $4.3M, EPS $1.30

AI Summary

First Capital, Inc. reported a significant increase in net income for the first quarter ended March 31, 2026. Net income rose to $4.3 million, or $1.30 per diluted share, up from $3.2 million, or $0.97 per diluted share, in the prior year's quarter. This improvement was driven by a $1.8 million increase in net interest income after provision for credit losses, attributed to higher interest income from increased asset yields and balances, and a decrease in interest expense.

Key Highlights

  • Q1 2026 net income: $4.3 million.
  • Q1 2026 diluted EPS: $1.30.
  • Net income increased 34% from $3.2 million in Q1 2025.
  • Net interest income after credit losses rose $1.8 million.
  • Average tax-equivalent yield on assets increased to 4.96%.
FCAP
Savings Institutions
FIRST CAPITAL INC

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