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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 26, 2024 (GLOBE NEWSWIRE) -- First Capital, Inc. (the “Company”) (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $3.0 million, or $0.88 per diluted share, for the quarter ended March 31, 2024, compared to net income of $3.8 million, or $1.14 per diluted share, for the quarter ended March 31, 2023. Net interest income after provision for credit losses decreased $678,000 for the quarter ended March 31, 2024 as compared to the same period in 2023. Interest income increased $1.7 million when comparing the periods due to an increase in the average tax-equivalent yield on interest-earning assets from 3.73% for the first quarter of 2023 to 4.29% for the first quarter of 2024. The average balance of interest-earning assets was $1.12 billion for the first quarters of 2023 and 2024. The increase in the tax-equivalent yield was primarily due to an increase in the tax equivalent yield on loans to 5.91% for the first qu Show less Read more
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