Quarterly ResultJul 24, 2026, 04:47 PM
First Capital Q2 Net Income $4.8M, EPS $1.43; Up from $3.8M YoY
AI Summary
First Capital reported strong financial results for the second quarter and first half of 2026. Net income for Q2 2026 increased to $4.8 million, or $1.43 per diluted share, up from $3.8 million in the same period last year. Year-to-date net income also saw a significant rise to $9.1 million, or $2.72 per diluted share. The improvements were primarily driven by increased net interest income and noninterest income, alongside growth in total assets and deposits.
Key Highlights
- Net income for Q2 2026 increased to $4.8 million ($1.43 diluted EPS) from $3.8 million ($1.13 diluted EPS) in Q2 2025.
- Net income for the six months ended June 30, 2026, rose to $9.1 million ($2.72 diluted EPS) from $7.0 million ($2.09 diluted EPS) in the prior year.
- Net interest income after provision for credit losses increased by $1.6 million for Q2 2026 and $3.4 million for the six months ended June 30, 2026.
- Tax-equivalent net interest margin improved to 3.98% for Q2 2026 (from 3.59% in Q2 2025) and 3.90% for YTD 2026 (from 3.47% in YTD 2025).
- Noninterest income increased by $187,000 for Q2 2026 and $387,000 for YTD 2026, driven by gains on equity securities and service charges.
- Noninterest expenses increased by $359,000 for Q2 2026 and $931,000 for YTD 2026, primarily due to compensation, advertising, and other expenses.
- Total assets grew to $1.29 billion at June 30, 2026, from $1.27 billion at December 31, 2025.
- Deposits increased to $1.14 billion at June 30, 2026, from $1.12 billion at December 31, 2025.
Price Impact
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