First Capital, Inc. Enhances Flexibility in Its Stock Buyback Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2025
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Source: Newsfilter
First Capital, Inc. Stock Repurchase Plan
- New Stock Repurchase Plan: First Capital, Inc. has initiated a Joint Rule 10b5-1/Rule 10b-18 Plan allowing the repurchase of up to 113,236 shares of its common stock, starting September 4, 2025, and expiring August 28, 2026, unless terminated earlier.
- Previous Repurchase Authorization: This plan is part of a broader stock repurchase authorization approved on August 19, 2008, which allowed for the repurchase of up to 240,467 shares. As of August 29, 2025, 127,231 shares have already been repurchased under this authorization.
Strategic Insights
- Management's Perspective: Michael C. Frederick, President and CEO, expressed enthusiasm about the new plan, highlighting its alignment with the company's long-term capital allocation strategy and confidence in the company's value. The plan is designed to provide flexibility in responding to market conditions while enhancing shareholder value.
Company Overview
- First Harrison Bank Operations: First Capital, Inc. operates First Harrison Bank, which has 17 branches across Indiana and Kentucky. The bank offers online banking and electronic bill payment services accessible via its website.
- Investor Relations: For more financial information, stakeholders can visit the Investor Relations section on the bank's website.
Forward-Looking Statements
- Cautionary Note: The press release includes forward-looking statements that are subject to risks and uncertainties, which may lead to actual results differing from expectations. Factors influencing these outcomes include economic conditions, competition, regulatory changes, and the company's ability to execute its business plan. Readers are advised to not place undue reliance on these statements.
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Analyst Views on FCAP
About FCAP
First Capital, Inc. is the holding company for First Harrison Bank (the Bank). The Bank is a chartered commercial bank, which provides a variety of banking services to individuals and business customers. The Bank’s primary source of revenue is real estate mortgage loans. The Bank originates mortgage loans for sale in the secondary market. The Bank also originates consumer loans and residential construction loans for the loan portfolio. The Bank offers a variety of secured or guaranteed consumer loans, including automobile and truck loans, home equity loans, home improvement loans, boat loans, mobile home loans and loans secured by savings deposits. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly owned subsidiaries of the Bank that jointly own First Harrison, LLC, which holds and manages an investment securities portfolio. The Bank has 18 offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, among others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Capital Reports Q4 GAAP EPS of $1.46 with Revenue of $13.49M
- Earnings Highlight: First Capital reported a GAAP EPS of $1.46 for Q4, indicating stable profitability that is likely to positively influence investor confidence.
- Revenue Performance: The company achieved revenue of $13.49 million in Q4, reflecting growth compared to the previous year and showcasing its competitive position and business growth potential in the market.
- Investor Attention: The release of the earnings report is expected to attract increased investor interest in First Capital, potentially driving stock price appreciation and enhancing market expectations for its future development.
- Quant Rating Insight: Seeking Alpha's quant rating on First Capital will provide investors with deeper analysis, aiding them in making more informed investment decisions.

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First Capital Inc. Sees Increase in Q3 Earnings
Earnings Growth: First Capital Inc. reported a significant increase in earnings for the third quarter, totaling $4.48 million, or $1.34 per share, compared to $2.90 million, or $0.87 per share, from the previous year.
Revenue Increase: The company's revenue rose by 20% to $10.96 million, up from $9.13 million in the same period last year.

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