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About First Capital Inc (FCAP)
First Capital Inc (NASDAQ: FCAP) is a financial holding company headquartered in Corydon, Indiana. The company operates through its primary subsidiary, First Harrison Bank, a federally-chartered savings bank that provides a comprehensive range of banking and financial services. With a focus on community banking, First Capital Inc serves both individual and business customers across its regional footprint in the United States, offering tailored financial solutions designed to meet diverse needs.
Core Business Operations
First Capital Inc’s business model is centered on traditional banking services, which include deposit products, lending solutions, and other financial services. The company generates revenue primarily through interest income from its loan portfolio and fees associated with its banking products. Its loan offerings are diverse, encompassing:
- Residential Loans: Home purchase and refinancing options for individuals seeking to invest in real estate.
- Construction Loans: Financing for residential and commercial construction projects.
- Commercial Real Estate Loans: Loans tailored to businesses for purchasing or developing real estate properties.
- Commercial Business Loans: Credit solutions for small and medium-sized enterprises (SMEs) to support operational and growth needs.
- Consumer Loans: Including home equity loans, second mortgages, and vehicle loans for personal use.
Additionally, First Harrison Bank offers a variety of deposit products such as savings accounts, checking accounts, and certificates of deposit, providing customers with secure and accessible options for managing their finances.
Market Position and Differentiation
Operating within the competitive landscape of U.S. regional banking, First Capital Inc differentiates itself through its commitment to personalized, community-focused service. Unlike larger national banks, First Harrison Bank emphasizes building long-term relationships with its customers, leveraging local market knowledge to deliver customized financial solutions. This approach fosters trust and loyalty among its client base, positioning the company as a reliable financial partner within its operating regions.
Industry Context and Challenges
The regional banking sector in the United States is characterized by intense competition, evolving regulatory requirements, and economic pressures such as interest rate fluctuations. First Capital Inc navigates these challenges by maintaining a strong focus on prudent risk management and operational efficiency. Its emphasis on customer-centric banking enables it to compete effectively against both larger national banks and other regional institutions.
Comprehensive Financial Solutions
Beyond its core banking services, First Harrison Bank likely provides additional financial products and services to enhance customer experience. These may include online and mobile banking platforms, financial advisory services, and tools for managing personal and business finances. This diversified service portfolio ensures that First Capital Inc can meet the evolving needs of its customers while maintaining a competitive edge in the market.
Conclusion
First Capital Inc (FCAP) exemplifies the principles of community banking by delivering tailored financial solutions and fostering strong relationships with its customers. Through its subsidiary, First Harrison Bank, the company addresses a wide range of financial needs, from residential and commercial lending to everyday banking services. Its localized approach, combined with a commitment to operational excellence, positions First Capital Inc as a key player in the U.S. regional banking sector.
The Board of Directors of First Capital has declared a quarterly cash dividend of $0.27 per share, set for payment on March 31, 2023. Shareholders on record as of March 17, 2023 will be eligible for this dividend. First Capital serves as the holding company for First Harrison Bank, which operates eighteen locations across Indiana and Kentucky, providing access to banking services via its website.
First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank, has scheduled its annual stockholders meeting for May 24, 2023. The Bank serves multiple communities in Indiana and Kentucky, operating eighteen offices across these regions. Shareholders and interested parties can access information on First Harrison Bank’s offerings, including online banking and electronic payments, through their website at www.firstharrison.com. For further inquiries, contact M. Chris Frederick, the Executive Vice President and Chief Financial Officer.
First Capital, Inc. (NASDAQ: FCAP) reported a net income of $11.9 million, or $3.55 per diluted share for 2022, compared to $11.4 million or $3.41 per share in 2021. This increase is attributed to a $2.7 million rise in net interest income after provisions for loan losses, driven by higher interest income from a rise in average interest-earning assets. Despite this, noninterest income decreased by $1.6 million due to a decline in loan sale gains, and noninterest expenses rose $557,000. As of December 31, total assets were $1.15 billion, with deposits growing by $24.8 million. The Company remains well-capitalized under regulatory guidelines.
First Capital, Inc. (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.26 per share, to be distributed on December 30, 2022. Shareholders of record as of December 16, 2022 will be eligible for the payment. The company, which operates First Harrison Bank across multiple locations in Indiana and Kentucky, emphasizes its commitment to providing accessible banking services, including online banking and electronic bill payments.
The Board of Directors of First Capital, Inc. (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.26 per share, set to be paid on September 30, 2022. Shareholders of record as of September 16, 2022 will receive this dividend, reflecting the company's commitment to providing returns to its investors. First Capital serves as the holding company for First Harrison Bank, which operates eighteen offices across Indiana and Kentucky, offering traditional banking products alongside non-FDIC insured investments through a partnership with LPL Financial LLC.
The Board of Directors of First Capital has declared a quarterly cash dividend of $0.26 per share of common stock. This dividend will be paid on June 30, 2022 to shareholders of record as of June 16, 2022. First Capital, which operates First Harrison Bank, has a presence in various Indiana and Kentucky communities, with 18 offices providing banking services.
The Board of Directors of First Capital (NASDAQ: FCAP) announced a quarterly cash dividend of $0.26 per share, payable on March 31, 2022, to shareholders recorded by March 17, 2022. This dividend declaration highlights the company's commitment to returning value to shareholders. First Capital serves as the holding company for First Harrison Bank, which operates eighteen branches across Indiana and Kentucky, offering traditional banking and additional investment services through a partnership with LPL Financial.
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