
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%.