FCAP

• 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.

• Financial Performance: First Capital, Inc. reported a net income of $4.5 million for Q3 2025, up from $2.9 million in Q3 2024, with earnings per diluted share increasing from $0.87 to $1.34.

• Interest Income and Expenses: Net interest income after provision for credit losses rose by $2.1 million year-over-year, driven by increased interest income and a decrease in interest expense, resulting in a higher net interest margin.

• Noninterest Income and Expenses: Noninterest income increased by $506,000, primarily due to gains on equity securities, while noninterest expenses rose by $540,000, largely due to higher occupancy and compensation costs.

• Balance Sheet Growth: Total assets grew to $1.24 billion as of September 30, 2025, with significant increases in deposits and a decrease in nonperforming assets compared to the previous year.

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.