First Capital Inc - FCAP STOCK NEWS

First Capital, Inc. (NASDAQ: FCAP) has announced a 7.4% increase in its quarterly cash dividend. The new dividend of $0.29 per share will be paid on September 27, 2024, to shareholders of record as of September 13, 2024. This represents a $0.02 increase from the previous dividend of $0.27 paid on June 28, 2024.

President and CEO Michael C. Frederick attributed the increase to First Capital's continued profitability and commitment to returning capital to shareholders. First Capital is the holding company for First Harrison Bank, which operates 18 offices across Indiana and Kentucky communities.

First Capital, Inc. (NASDAQ: FCAP) reported net income of $2.8 million, or $0.85 per diluted share, for Q2 2024, compared to $2.7 million, or $0.82 per diluted share, in Q2 2023. Key highlights include:

- Net interest income after provision for credit losses increased by $335,000
- Interest income rose by $1.6 million due to higher average tax-equivalent yield
- Interest expense increased by $1.3 million
- Tax-equivalent net interest margin improved from 3.06% to 3.15%
- Noninterest income increased by $160,000
- Noninterest expense rose by $334,000

For the first half of 2024, net income was $5.8 million, or $1.73 per diluted share, compared to $6.5 million, or $1.95 per diluted share, in the same period of 2023. Total assets remained stable at $1.16 billion, while deposits decreased by $11.0 million to $1.01 billion.

The Board of Directors of First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.27 per share of common stock. This dividend will be payable on June 28, 2024, to shareholders recorded by June 14, 2024. First Capital is the parent company of First Harrison Bank, which operates eighteen offices across various Indiana and Kentucky communities. The bank offers online banking and electronic bill payments via their website.

First Capital, Inc., the holding company for First Harrison Bank, reported net income of $3.0 million for Q1 2024, compared to $3.8 million in Q1 2023. Interest income increased, but interest expense rose, leading to a decrease in net interest income. Noninterest income and total assets remained stable, while nonperforming assets decreased. The Bank's effective tax rate improved, and deposits decreased slightly.

First Capital, Inc. (NASDAQ:FCAP) announced its annual stockholders' meeting on May 22, 2024. The holding company for First Harrison Bank operates in Indiana and Kentucky with multiple office locations. Online banking services are accessible through their website.

First Capital, Inc. (NASDAQ: FCAP) announces a quarterly cash dividend of $0.27 per share of common stock. The dividend will be paid on March 29, 2024, to shareholders of record as of March 15, 2024. First Capital is the holding company for First Harrison Bank, with multiple offices in Indiana and Kentucky.

First Capital, Inc. (NASDAQ: FCAP) reported net income of $12.8 million for the year ended December 31, 2023, compared to $11.9 million for 2022. Net interest income increased by $2.1 million, with interest income up by $9.7 million. Noninterest income decreased by $295,000, and noninterest expenses increased by $940,000. The Company's net income for the quarter ended December 31, 2023, was $3.1 million, down from $3.5 million in 2022.

First Capital, Inc. (FCAP) declares a quarterly cash dividend of $0.27 per share of common stock. The dividend will be paid on December 29, 2023, to shareholders of record as of December 15, 2023. First Capital, Inc. is the holding company for First Harrison Bank, with multiple offices in Indiana and Kentucky.

First Capital, Inc. reports net income of $3.1 million for Q3 2023, compared to $3.1 million in Q3 2022. Net interest income decreased $236,000. Interest income increased $2.1 million due to higher tax-equivalent yield on interest-earning assets. Interest expense increased $2.3 million. Noninterest income increased $74,000. Noninterest expense decreased $78,000. Income tax expense decreased $97,000. For the nine months ended September 30, 2023, net income was $9.7 million, compared to $8.4 million in the same period in 2022. Net interest income increased $2.5 million. Interest income increased $7.8 million. Interest expense increased $5.0 million. Noninterest income decreased $184,000. Noninterest expenses increased $760,000. Income tax expense increased $254,000. Total assets were $1.14 billion at September 30, 2023.