First Capital (FCAP)
NASDAQ:FCAP
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First Capital
(NASDAQ:FCAP)
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Rating:64Neutral
Price Target:
$53.00
▼(-9.04% Downside)
Action:DowngradedDate:04/02/26
The score is driven primarily by financial performance: solid profitability and conservative leverage are tempered by a sharp 2025 cash-flow deterioration and lower ROE. Technicals are mixed with negative MACD and price below key medium-term averages, while valuation is supportive with a modest P/E and a ~2.46% dividend yield.
Positive Factors
Revenue Growth
Sustained top-line growth from $38.2M to $65.3M over five years indicates durable demand for core banking products. For a community bank, this supports recurring interest income and fee generation, improving scale and underwriting data, and underpinning earnings resilience over the next several quarters.
Negative Factors
Deteriorating Cash Generation
A large, year‑over‑year collapse in operating and free cash flow weakens internal funding for lending, branch investment, and dividends. The sharp swing increases reliance on deposit funding or capital actions and raises the risk that earnings improvements may not translate into available cash in the near term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line growth from $38.2M to $65.3M over five years indicates durable demand for core banking products. For a community bank, this supports recurring interest income and fee generation, improving scale and underwriting data, and underpinning earnings resilience over the next several quarters.
Read all positive factors
First Capital (FCAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$179.05M
Dividend Yield1.96%
Average Volume (3M)3.32K
Price to Earnings (P/E)9.6
Beta (1Y)0.16
Revenue Growth11.84%
EPS Growth43.03%
CountryUS
Employees173
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.30
Shares Outstanding3,345,531
10 Day Avg. Volume2,805
30 Day Avg. Volume3,318
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.44
Price to Sales (P/S)3.03
P/FCF Ratio9.84
Enterprise Value/Market Cap0.42
Enterprise Value/Revenue1.14
Enterprise Value/Gross Profit1.51
Enterprise Value/Ebitda3.60
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
First Capital Business Overview & Revenue Model
Company Description
First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest bearing checking ...
How the Company Makes Money
FCAP primarily makes money through its banking subsidiary by earning net interest income and noninterest income. Net interest income is generated from the spread between (1) interest and fees earned on interest-earning assets—primarily loans to co...
First Capital Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 65.31M | 58.13M | 51.24M | 41.87M | 39.01M |
| Gross Profit | 49.47M | 42.00M | 41.08M | 39.32M | 38.21M |
| EBITDA | 19.91M | 15.27M | 16.08M | 15.30M | 14.82M |
| Net Income | 16.37M | 11.94M | 12.79M | 11.90M | 11.42M |
Balance Sheet | |||||
| Total Assets | 1.27B | 1.19B | 1.16B | 1.15B | 1.16B |
| Cash, Cash Equivalents and Short-Term Investments | 538.15M | 91.68M | 464.37M | 493.55M | 479.61M |
| Total Debt | 3.00K | 0.00 | 21.50M | 0.00 | 0.00 |
| Total Liabilities | 1.13B | 1.07B | 1.05B | 1.07B | 1.04B |
| Stockholders Equity | 137.80M | 114.60M | 105.23M | 85.16M | 113.83M |
Cash Flow | |||||
| Free Cash Flow | 20.13M | 21.63M | 13.54M | 16.12M | 21.34M |
| Operating Cash Flow | 21.48M | 22.34M | 14.16M | 16.53M | 21.63M |
| Investing Cash Flow | -42.03M | 29.01M | -23.95M | -144.03M | -156.46M |
| Financing Cash Flow | 51.92M | 15.90M | -17.84M | 21.29M | 131.45M |
First Capital Technical Analysis
Positive
58.27
Price Trends
50.94
Positive
53.00
Positive
47.05
Positive
Market Momentum
0.98
Negative
61.89
Neutral
79.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCAP, the sentiment is Positive. The current price of 58.27 is above the 20-day moving average (MA) of 51.16, above the 50-day MA of 50.94, and above the 200-day MA of 47.05, indicating a bullish trend. The MACD of 0.98 indicates Negative momentum. The RSI at 61.89 is Neutral, neither overbought nor oversold. The STOCH value of 79.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FCAP.
First Capital Risk Analysis
First Capital disclosed 32 risk factors in its most recent earnings report. First Capital reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Capital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $167.09M | 8.39 | 12.36% | 3.01% | 5.22% | 43.80% | |
71 Outperform | $171.86M | 36.81 | 5.32% | ― | 5.29% | 31.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $200.56M | ― | 8.00% | 2.00% | 2.45% | 20.70% | |
66 Neutral | $175.68M | 10.13 | 7.98% | 1.90% | -4.00% | ― | |
64 Neutral | $179.05M | 9.56 | 12.75% | 1.96% | 11.84% | 43.03% | |
58 Neutral | $190.89M | 9.23 | 9.65% | 1.16% | 1.80% | 30.22% |
* Financial Sector Average
FCAP
First Capital
53.52
9.53
21.67%
CFBK
CF Bankshares
29.32
6.64
29.27%
CZWI
Citizens Community Bancorp
20.83
6.09
41.34%
LARK
Landmark Bancorp
27.40
1.34
5.16%
MNSB
MainStreet Bancshares
23.85
5.11
27.30%
BVFL
BV Financial, Inc.
19.64
4.29
27.95%
First Capital Corporate Events
Shareholder Meetings
First Capital Schedules Upcoming 2026 Annual Stockholders Meeting
Neutral
Feb 19, 2026
First Capital, Inc., the parent of First Harrison Bank with a network of seventeen branches across southern Indiana and parts of Kentucky, provides retail banking services supported by online account access and electronic bill payment via its webs...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.