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Stock impact report

First Capital, Inc. Reports Quarterly Earnings

First Capital, Inc. (FCAP) 
US:NASDAQ Investor Relations: fcr.ca
Company Research Source: GlobeNewswire
CORYDON, Ind., April 27, 2020 (GLOBE NEWSWIRE) -- First Capital, Inc. (the “Company”) (NASDAQ:  FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $2.1 million or $0.63 per diluted share for the quarter ended March 31, 2020, compared to $2.1 million or $0.64 per diluted share for the quarter ended March 31, 2019.  Net income remained flat despite an increase in net interest income after provision for loan losses due to a decrease in noninterest income and an increase in noninterest expense. Net interest income after provision for loan losses increased $103,000 for the quarter ended March 31, 2020 as compared to the same period in 2019.  Interest income increased $16,000 when comparing the periods due to an increase in the average balance of interest-earning assets from $741.0 million for the first quarter of 2019 to $761.7 million for the first quarter of 2020 partially offset by a decrease in the average tax-equivalent yield on intere Show less Read more
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