FCAP Overview

• Annual Meeting Announcement: First Capital, Inc. has scheduled its annual shareholders meeting for May 18, 2026, aiming to enhance communication and interaction with shareholders while improving corporate transparency and governance.
• Branch Network Presence: First Harrison Bank operates 17 branches across Indiana and Kentucky, including communities like Corydon and Edwardsville, which strengthens its service capabilities and customer base in the local markets.
• Online Service Accessibility: Customers can access their accounts through First Harrison Bank's website, including online banking and electronic bill payments, which enhances customer convenience and the bank's service efficiency.
• Investor Relations Information: The company provides detailed financial data and investor relations information on its website, aiming to attract more investor attention and enhance market trust.

• 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.

• 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.

• 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.