First Capital, Inc. Reports Steady Q1 2025 Earnings

First Capital ( (FCAP) ) has released its Q1 earnings. Here is a breakdown of the information First Capital presented to its investors.

First Capital, Inc., the holding company for First Harrison Bank, operates in the financial services sector, providing banking solutions across several communities in Indiana and Kentucky.

In its latest earnings report, First Capital, Inc. announced a net income of $3.2 million for the first quarter of 2025, showing a slight increase from the same period in 2024. The company also reported an increase in diluted earnings per share, rising from $0.88 to $0.97 year-over-year.

Key financial highlights include a $923,000 increase in net interest income after provisions for credit losses, driven by a rise in interest income due to higher yields on interest-earning assets. The company’s net interest margin improved to 3.34% from 3.14% in the previous year. However, noninterest income saw a decline, primarily due to losses on the sale of securities. Additionally, noninterest expenses rose due to increased compensation, benefits, and occupancy costs.

The company’s financial condition showed growth with total assets reaching $1.21 billion, an increase from $1.19 billion at the end of 2024. Deposits also grew by $17.5 million, while nonperforming assets decreased, indicating improved asset quality.

Looking ahead, First Capital, Inc. remains focused on navigating economic uncertainties and maintaining its financial health. The management is committed to executing its business strategies while adapting to changing market conditions to sustain growth and profitability.