FCAP

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.

• Dividend Declaration: First Capital, Inc. has announced a quarterly cash dividend of $0.31 per share, set to be paid on September 26, 2025, to shareholders recorded by September 12, 2025.

• Increase in Dividend: This dividend reflects a $0.02 increase (6.9%) from the previous dividend paid on June 27, 2025, indicating the company's ongoing profitability.

• Company Leadership Statement: CEO Michael C. Frederick expressed satisfaction with the dividend increase, highlighting the company's commitment to returning capital to shareholders.

• Company Overview: First Capital, Inc. is the parent company of First Harrison Bank, which operates multiple branches across Indiana and Kentucky, offering online banking services.

• Earnings Growth: First Capital Inc. reported a second-quarter earnings increase to $3.77 million, or $1.13 per share, compared to $2.83 million, or $0.85 per share, from the previous year.

• Revenue Increase: The company's revenue rose by 25.6% to $10.41 million, up from $8.29 million in the same quarter last year.