FIRST CAPITAL INC

First Capital, Inc. announced it has entered into a definitive merger agreement to acquire First Bancorp of Indiana, Inc. in an all-stock transaction valued at approximately $33.2 million. The merger will combine First Capital's First Harrison Bank with First Bancorp's First Federal Savings Bank, expanding First Capital's presence in Southern Indiana and Western Kentucky. First Capital will assume First Bancorp's outstanding indebtedness, including subordinated notes and junior subordinated debentures. The transaction is expected to close in the first half of 2027, pending regulatory and shareholder approvals.

First Capital Inc. reported strong financial results for the second quarter and first half of 2026. Net income attributable to the company increased by 26.15% to $4.76 million for the quarter and by 29.70% to $9.09 million for the six months ended June 30, 2026. Basic earnings per share also saw significant growth, rising to $1.43 for the quarter and $2.73 for the six-month period. The company experienced growth in net interest income, noninterest income, total assets, and loans.

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.

First Capital, Inc. reported a significant increase in net income for the second quarter and first half of 2026. For Q2 2026, net income rose to $4.8 million, or $1.43 per diluted share, up from $3.8 million, or $1.13 per diluted share, in Q2 2025. This improvement was primarily driven by a $1.6 million increase in net interest income after provision for credit losses and a $187,000 rise in noninterest income, despite increased noninterest expenses. For the six months ended June 30, 2026, net income reached $9.1 million, or $2.72 per diluted share, compared to $7.0 million, or $2.09 per diluted share, for the same period in 2025. The company also saw an increase in total assets and deposits.

First Capital, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per share of common stock. The dividend is scheduled to be paid on June 26, 2026, to shareholders who are on record as of June 12, 2026. First Capital, Inc. serves as the holding company for First Harrison Bank, which operates seventeen offices across Indiana and Kentucky.

First Capital, Inc. reported a strong first quarter for 2026, with net income attributable to the company increasing by 33.8% to $4.33 million, and basic earnings per share rising to $1.30. The improvement was driven by a significant 19.2% increase in net interest income, supported by higher interest income and lower interest expense. The company also saw growth in its asset base and deposits, alongside an increase in dividends per share.

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.