Welcome to our dedicated page for First Cap news (Ticker: FCAP), a resource for investors and traders seeking the latest updates and insights on First Cap stock.
Overview
First Capital Inc is a financial holding company that serves as the parent to First Harrison Bank, a federally chartered savings bank located in Indiana. The company stands as a well-defined financial institution that offers an extensive range of banking services and lending products to individuals and business customers across the United States. By operating under strict federal regulations, First Capital Inc has established a reputation for reliability and sound risk management, making it a notable entity within the financial services landscape.
Business Model & Operations
The primary business model of First Capital Inc revolves around traditional banking operations with a specialized focus on comprehensive lending services. The company operates through its subsidiary, First Harrison Bank, which provides various types of loans including residential, construction, commercial real estate, and commercial business loans. Additionally, the bank supports consumers with home equity, second mortgage, automobile, and truck loans. This multifaceted lending approach enables the company to diversify its service offerings and cater to a wide customer base.
Revenue is generated through interest earned on its diversified loan portfolio as well as associated fees for processing, underwriting, and servicing loans. Being a federally chartered institution, the bank adheres to rigorous regulatory standards, ensuring that operations remain compliant and transparent, which is essential to maintaining customer trust and market confidence.
Loan Portfolio & Services
First Capital Inc, through First Harrison Bank, provides a broad spectrum of financing options that are designed to meet the varied needs of its clientele. The loan portfolio includes:
- Residential Loans: Financing options to support home purchasing and home improvement needs.
- Construction Loans: Funding dedicated to infrastructure and property development projects.
- Commercial Real Estate Loans: Loans aimed at facilitating investment in commercial properties.
- Business Loans: Financial products designed for small to medium enterprises to foster business growth and operations.
- Consumer Loans: Including home equity and second mortgage loans, as well as vehicle financing options such as automobile and truck loans.
Market Position & Competitive Landscape
Operating in a competitive landscape, First Capital Inc has carved out its niche by focusing on both individual consumers and business clients. Its commitment to providing personalized financial solutions distinguishes it from larger, more generalized banking institutions. The company balances its traditional savings bank framework with a robust portfolio of specialized loan products, positioning it as a reliable option in a market where precision in service offerings and customer-centric approaches are paramount.
Within its market segment, the company is known for its adherence to federal guidelines and a deep understanding of the regulatory framework that governs financial institutions. Industry-specific keywords such as federally chartered, savings bank, and loan services are integral to its operational narrative, highlighting both its specialization and the discipline required to operate within this segment.
Regulatory Framework & Risk Management
One of the hallmarks of First Capital Inc is its rigorous compliance with federal banking regulations. As a federally chartered savings bank, First Harrison Bank is subject to strict oversight which governs its lending practices, capital management, and risk assessment protocols. The company employs a systematic approach to risk management, ensuring that its credit policies and underwriting standards are in line with, or exceed, industry best practices. This prudent approach mitigates financial risks and fortifies the bank's credibility in the eyes of regulators and customers alike.
Governance & Management
The management structure of First Capital Inc is designed to support transparency and accountability. With experienced executives at the helm, including key figures such as the Executive Vice President and Chief Financial Officer, the company emphasizes disciplined financial management and strategic operational oversight. Its governance framework reinforces the bank’s integrity and reflects a commitment to operating with a high level of expertise and authoritativeness in the financial services industry.
Customer Focus & Service Excellence
At the core of First Capital Inc’s operational strategy lies a strong customer focus. The company aims to build long-term relationships by offering tailored financial products and dedicated customer support. Whether addressing the needs of individual borrowers or business clients seeking capital for growth, the bank adapts its services to provide practical and sustainable financing solutions. Transparency, reliability, and professionalism are key pillars that underscore its commitment to customer satisfaction.
Community Involvement & Operational Ethos
While First Capital Inc operates on a national scale, its roots in Indiana reflect a deep connection to the local community. The company integrates regional concerns with its broader operational goals, ensuring that its impact is felt both locally and across the markets it serves. This dual focus on local community engagement and national compliance establishes a balanced operational ethos that other financial institutions often look to emulate.
Understanding the Business Model
Investors and researchers seeking to understand First Capital Inc’s business model will find that it embodies the core principles of traditional banking with a modern twist. The company leverages its expertise in loan services to drive consistent performance while maintaining a portfolio that appeals to a broad demographic. The interplay between diversified lending products, strict regulatory oversight, and a focus on customer-centric services forms the backbone of its operational strategy.
Conclusion
In summary, First Capital Inc offers a comprehensive, diversified approach to banking. Through First Harrison Bank, the company has developed a reputation for offering a wide range of financial products that meet varied needs—from residential mortgages and construction loans to commercial financing and consumer vehicle loans. Its commitment to regulatory compliance, risk management, and customer service solidifies its role as a trusted financial institution within an ever-evolving marketplace. As a case study in balancing traditional banking practices with innovative financial solutions, First Capital Inc exemplifies how precision and prudence can coexist in a dynamic financial environment.
This detailed overview aims to provide clarity for stakeholders and investors by explaining how First Capital Inc’s integration of expertise, experience, and authoritativeness makes it a fundamental part of the regional and national financial landscape. The company's strategic focus on offering tailored lending solutions, while staying compliant with stringent federal standards, illustrates its ongoing commitment to operational excellence and financial integrity.
First Capital (NASDAQ:FCAP), the holding company for First Harrison Bank, has announced its annual meeting of stockholders will take place on Wednesday, May 21, 2025. The bank operates through eighteen branches across Indiana and Kentucky communities, including Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville, Charlestown, Shepherdsville, Mt. Washington, and Lebanon Junction.
Customers can access their accounts and services, including online banking and electronic bill payments, through the bank's website at firstharrison.com.
First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on March 28, 2025 to shareholders of record as of March 14, 2025.
First Capital is the holding company for First Harrison Bank, which operates eighteen branches across Indiana and Kentucky communities. The bank maintains offices in various locations including Corydon, New Albany, Jeffersonville, Salem, and Shepherdsville, providing banking services and online access through their website.
First Capital (NASDAQ: FCAP) reported net income of $11.9 million ($3.57 per diluted share) for 2024, compared to $12.8 million ($3.82 per diluted share) in 2023. The company's net interest income after provision for credit losses increased by $894,000 year-over-year.
Key financial metrics include: Interest income increased by $6.9 million, with tax-equivalent yield rising from 3.96% to 4.49%. Interest expense grew by $5.7 million as average cost of interest-bearing liabilities increased from 1.11% to 1.73%. The tax-equivalent net interest margin improved slightly from 3.16% to 3.20%.
Total assets reached $1.19 billion by December 31, 2024, up from $1.16 billion in 2023. Deposits increased by $41.2 million to $1.07 billion. Notably, nonperforming assets increased from $1.8 million to $4.5 million, primarily due to two commercial loan relationships totaling $2.6 million being classified as nonaccrual.
First Capital (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on December 27, 2024 to shareholders of record as of December 13, 2024. First Capital operates through First Harrison Bank, which maintains eighteen branches across Indiana and Kentucky communities, including Corydon, New Albany, Jeffersonville, and Shepherdsville.
First Capital (NASDAQ: FCAP) reported net income of $2.9 million ($0.87 per diluted share) for Q3 2024, compared to $3.1 million ($0.94 per diluted share) in Q3 2023. Net interest income after provision for credit losses increased by $415,000. Interest income rose $2.0 million due to higher average yield on interest-earning assets (4.53% vs 3.96%). The net interest margin improved to 3.12% from 3.02%. Noninterest income decreased $147,000, while noninterest expense increased $543,000. Total assets reached $1.19 billion, with deposits stable at $1.03 billion. Nonperforming assets increased to $4.5 million from $1.8 million at year-end 2023.
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.
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