First Capital, Inc. (FCAP) 10-Year Financial Performance & Capital Metrics

FCAP • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutFirst 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 accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans. It also provides real estate mortgage loans, such as fixed-rate and adjustable rate mortgage residential loans, construction loans for residential and commercial properties, and commercial real estate loans, as well as commercial business loans. In addition, the company originates mortgage loans for sale in the secondary market and sells non-deposit investment products; and offers various secured or guaranteed consumer loans comprising automobile and truck loans, home equity loans, home improvement loans, boat loans, mobile home loans, and loans secured by savings deposits, as well as unsecured consumer loans. It provides its products and services through 18 locations in Indiana and Kentucky. First Capital, Inc. was founded in 1891 and is based in Corydon, Indiana.Show more

Net Interest Income $36M +3.4%
Total Revenue $58M +13.4%
Net Income $12M -6.6%
Return on Equity 10.85% -19.1%
Net Interest Margin 3.01% +0.8%
Efficiency Ratio 47.87% -5.8%
ROA 1.02% -8.1%
Equity / Assets 9.66% +6.2%
Book Value per Share 34.28 +8.9%
Tangible BV/Share 32.32 +9.7%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 47.9% efficiency ratio
✓Healthy dividend yield of 2.4%
✓Trading at only 1.4x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.56%

5Y8.49%

3Y14.22%

TTM-

Profit (Net Income) CAGR

10Y7.88%

5Y2.95%

3Y1.48%

TTM-12.86%

EPS CAGR

10Y5.81%

5Y2.93%

3Y1.54%

TTM24.93%

ROCE

10Y Avg12.44%

5Y Avg12.59%

3Y Avg13.16%

Latest11.31%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.86B	13.75	42.97	4.37%	11.49%	4.41%	1.18%	2.57
ASBAssociated Banc-Corp	4.32B	26.01	36.13	4.42%	5.85%	3.62%	12.4%	0.69
ASBAAssociated Banc-Corp	4.09B	24.67	30.84	-6.56%	12.92%	3.77%	13.08%	0.17
SYBTStock Yards Bancorp, Inc.	1.96B	66.39	17.07	15.84%	22.86%	12.99%	6.8%	0.53
BANFBancFirst Corporation	3.63B	109.04	16.93	12.28%	23.81%	13.33%	6.18%	0.05
PRKPark National Corporation	2.52B	156.78	16.82	14.4%	23.46%	13.22%	6.73%	0.24
NICNicolet Bankshares, Inc.	1.88B	126.68	15.74	24.6%	23.88%	11.4%	6.25%	0.14
LKFNLakeland Financial Corporation	1.46B	57.10	15.73	9.38%	21.74%	13.06%	6.44%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	17.6M	23.26M	24.95M	27.18M	29.99M	28.02M	28.32M	32.32M	34.53M	35.7M
NII Growth %	0.03%	0.32%	0.07%	0.09%	0.1%	-0.07%	0.01%	0.14%	0.07%	0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	18.61M	25.03M	26.34M	28.79M	31.95M	29.58M	29.44M	33.92M	43.55M	50.38M
Interest Expense	1M	1.76M	1.39M	1.61M	1.96M	1.56M	1.13M	1.59M	9.02M	14.68M
Loan Loss Provision	50K	645K	915K	1.17M	1.43M	1.8M	-325K	950K	1.14M	1.45M
Non-Interest Income+	5.07M	6.09M	6.46M	5.79M	6.73M	8.65M	9.57M	7.95M	7.69M	7.74M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	23.68M	31.12M	32.8M	34.58M	38.68M	38.23M	39.01M	41.87M	51.24M	58.13M
Revenue Growth %	0.01%	0.31%	0.05%	0.05%	0.12%	-0.01%	0.02%	0.07%	0.22%	0.13%
Non-Interest Expense	15.45M	19.31M	19.94M	21.14M	22.97M	23.04M	24.53M	25.09M	26.03M	27.83M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.17M	9.4M	10.55M	10.66M	12.32M	11.84M	13.68M	14.23M	15.05M	14.17M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.09%	0.31%	0.12%	0.01%	0.16%	-0.04%	0.16%	0.04%	0.06%	-0.06%
Pretax Income+	7.17M	9.4M	10.55M	10.66M	12.32M	11.84M	13.68M	14.23M	15.05M	14.17M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.96M	2.52M	3.1M	1.39M	1.99M	1.69M	2.24M	2.32M	2.25M	2.22M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.2M	6.86M	7.44M	9.25M	10.32M	10.13M	11.42M	11.9M	12.79M	11.94M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.07%	0.32%	0.08%	0.24%	0.12%	-0.02%	0.13%	0.04%	0.07%	-0.07%
Net Income (Continuing)	5.21M	6.88M	7.45M	9.27M	10.34M	10.14M	11.44M	11.91M	12.8M	11.95M
EPS (Diluted)+	1.87	2.05	2.23	2.77	3.09	3.02	3.41	3.55	3.82	3.57
EPS Growth %	-0.08%	0.1%	0.09%	0.24%	0.12%	-0.02%	0.13%	0.04%	0.08%	-0.07%
EPS (Basic)	1.87	2.05	2.24	2.78	3.10	3.03	3.41	3.55	3.82	3.57
Diluted Shares Outstanding	2.78M	3.34M	3.33M	3.34M	3.34M	3.35M	3.35M	3.36M	3.35M	3.35M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	35.05M	35.44M	29.47M	26.82M	28.82M	41.55M	32.27M	32.73M	27.1M	26.59M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	549M	641.43M	683.42M	698.95M	725.23M	791.77M	935.03M	1.03B	1.06B	1.03B
Investments Growth %	0.36%	0.17%	0.07%	0.02%	0.04%	0.09%	0.18%	0.1%	0.03%	-0.03%
Long-Term Investments	362.25M	385.66M	412.25M	437.11M	470.67M	508.27M	487.7M	565.75M	622.21M	962.82M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	6.47M	6.47M	6.47M	6.47M	6.47M	6.47M	6.47M	6.47M	6.47M	6.47M
Intangible Assets	1.41M	1.26M	1.11M	966K	819K	672K	526K	379K	232K	86K
PP&E (Net)	13.94M	14.84M	15.03M	14.36M	16.41M	15.95M	15.18M	14.67M	14.41M	14.18M
Other Assets	107.72M	41.78M	20.76M	43.76M	46.66M	157.7M	163.69M	66.3M	45.4M	107.7M
Total Current Assets	224.04M	293.64M	303.33M	291.49M	286.46M	328.49M	483.04M	497.83M	469.16M	96.26M
Total Non-Current Assets	491.79M	450.01M	455.62M	502.67M	541.03M	689.06M	673.57M	653.57M	688.72M	1.09B
Total Assets+	715.83M	743.66M	758.96M	794.16M	827.5M	1.02B	1.16B	1.15B	1.16B	1.19B
Asset Growth %	0.51%	0.04%	0.02%	0.05%	0.04%	0.23%	0.14%	-0%	0.01%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	167K	133K	107K	150K	210K	153K	97K	123K	1.21M	1.92M
Total Debt+	0	0	10M	0	0	0	0	0	21.5M	0
Net Debt	-35.05M	-35.51M	-19.47M	-26.82M	-28.82M	-41.55M	-32.27M	-32.73M	-5.6M	-26.59M
Long-Term Debt	0	0	10M	0	0	0	0	0	21.5M	0
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	0	4.62M	4.45M
Total Current Liabilities	641.32M	667.82M	667.91M	708.21M	728.55M	906.8M	1.04B	1.07B	1.03B	1.07B
Total Non-Current Liabilities	0	0	10M	0	0	0	0	0	26.11M	4.45M
Total Liabilities	641.32M	667.82M	677.91M	708.21M	728.55M	906.8M	1.04B	1.07B	1.05B	1.07B
Total Equity+	74.51M	75.84M	81.05M	85.96M	98.95M	110.75M	113.94M	85.27M	105.34M	114.71M
Equity Growth %	0.3%	0.02%	0.07%	0.06%	0.15%	0.12%	0.03%	-0.25%	0.24%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.09%	0.09%	0.11%	0.11%	0.1%	0.1%	0.12%	0.13%	0.11%
Book Value per Share	26.76	22.68	24.34	25.77	29.59	33.07	34.05	25.42	31.47	34.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	38K	38K	38K	38K	38K	38K	38K	38K	38K	38K
Additional Paid-in Capital	39.52M	39.52M	39.52M	40.22M	40.72M	41.68M	41.68M	41.64M	41.59M	41.68M
Retained Earnings	42.99M	47.05M	51.97M	58.14M	65.27M	72.16M	80.07M	88.47M	97.11M	105.29M
Accumulated OCI	497K	-2.28M	-2.06M	-3.48M	2.14M	6.82M	1.73M	-35.74M	-24.03M	-22.99M
Treasury Stock	-8.26M	-8.3M	-8.31M	-8.35M	-8.39M	-8.54M	-8.66M	-8.69M	-9.22M	-9.28M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.01M	8.24M	13.42M	13.35M	14.08M	12.06M	21.63M	16.53M	14.16M	22.34M
Operating CF Growth %	-0.13%	0.37%	0.63%	-0.01%	0.05%	-0.14%	0.79%	-0.24%	-0.14%	0.58%
Net Income	5.21M	6.88M	7.45M	9.27M	10.34M	10.14M	11.44M	11.91M	12.79M	11.94M
Depreciation & Amortization	756K	1.19M	1.23M	1.22M	1.07M	1.2M	1.14M	1.07M	1.03M	1.1M
Deferred Taxes	672K	220K	348K	-66K	843K	259K	224K	237K	1.29M	1.65M
Other Non-Cash Items	-665K	227K	4.71M	3.56M	2.15M	410K	7.1M	4.98M	2.9M	3.2M
Working Capital Changes	-39K	-353K	-405K	-817K	-609K	-334K	1.24M	-2.11M	-4.1M	4.26M
Cash from Investing+	54.96M	-96.25M	-40.42M	-22.1M	-21.11M	-62.41M	-156.46M	-144.03M	-23.95M	29.01M
Purchase of Investments	-34.03M	-184.75M	-48.89M	-40.37M	-70.46M	-105.77M	-254.69M	-99.42M	-39.53M	-63.57M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	18.71M	0	0	0	0	0	0	0	0	0
Other Investing	8.51M	-746K	2.58M	999K	29K	11.31M	54.55M	-52.11M	-42.58M	11.1M
Cash from Financing+	13M	24.62M	7.01M	23.95M	17.28M	174.88M	131.45M	21.29M	-17.84M	15.9M
Dividends Paid	-2.45M	-2.82M	-2.88M	-3.1M	-3.21M	-3.25M	-3.52M	-3.52M	-3.63M	-3.77M
Share Repurchases	-10K	-34K	-16K	-32K	-2K	-13K	-40K	-26K	-502K	-41K
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	1000K	-1000K	0	0	0	0	1000K	-1000K
Other Financing	15.46M	27.46M	-90K	37.07M	20.49M	178.15M	135.02M	24.83M	-35.21M	41.2M
Net Change in Cash+	73.97M	-63.38M	-19.99M	15.2M	10.25M	124.53M	-3.38M	-106.21M	-27.63M	67.25M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	35.33M	109.17M	45.91M	25.91M	41.11M	51.36M	175.89M	172.51M	66.3M	38.67M
Cash at End	109.17M	45.84M	25.91M	41.11M	51.36M	175.89M	172.51M	66.3M	38.67M	105.92M
Interest Paid	0	0	0	0	0	0	1.18M	1.57M	7.93M	13.97M
Income Taxes Paid	0	0	0	0	0	0	1.97M	2.33M	1.83M	154K
Free Cash Flow+	4.9M	6.25M	12.15M	12.95M	11.1M	11.46M	21.34M	16.12M	13.54M	21.63M
FCF Growth %	-0.23%	0.27%	0.94%	0.07%	-0.14%	0.03%	0.86%	-0.24%	-0.16%	0.6%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.89%	9.13%	9.48%	11.08%	11.17%	9.66%	10.17%	11.95%	13.42%	10.85%
Return on Assets (ROA)	0.87%	0.94%	0.99%	1.19%	1.27%	1.1%	1.05%	1.03%	1.11%	1.02%
Net Interest Margin	2.46%	3.13%	3.29%	3.42%	3.62%	2.75%	2.45%	2.81%	2.98%	3.01%
Efficiency Ratio	65.24%	62.06%	60.79%	61.13%	59.39%	60.25%	62.88%	59.92%	50.8%	47.87%
Equity / Assets	10.41%	10.2%	10.68%	10.82%	11.96%	10.88%	9.85%	7.41%	9.1%	9.66%
Book Value / Share	26.76	22.68	24.34	25.77	29.59	33.07	34.05	25.42	31.47	34.28
NII Growth	2.69%	32.17%	7.26%	8.92%	10.35%	-6.56%	1.05%	14.15%	6.82%	3.39%
Dividend Payout	47.11%	41.04%	38.76%	33.51%	31.08%	32.13%	30.83%	29.57%	28.41%	31.56%

Revenue by Segment

	2021	2022	2023	2024
ATM and Debit Card Fees	4.08M	4.34M	4.49M	4.47M
ATM and Debit Card Fees Growth	-	6.60%	3.31%	-0.49%
Deposit Account	1.87M	2.27M	2.34M	2.4M
Deposit Account Growth	-	21.29%	3.08%	2.52%
Product and Service, Other	119K	100K	120K	129K
Product and Service, Other Growth	-	-15.97%	20.00%	7.50%
Investment Advisory, Management and Administrative Service	377K	427K	57K	61K
Investment Advisory, Management and Administrative Service Growth	-	13.26%	-86.65%	7.02%

Frequently Asked Questions

Valuation & Price

First Capital, Inc. (FCAP) has a price-to-earnings (P/E) ratio of 13.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Capital, Inc. (FCAP) grew revenue by 13.4% over the past year. This is steady growth.

Yes, First Capital, Inc. (FCAP) is profitable, generating $10.3M in net income for fiscal year 2024 (20.5% net margin).

Dividend & Returns

Yes, First Capital, Inc. (FCAP) pays a dividend with a yield of 2.39%. This makes it attractive for income-focused investors.

First Capital, Inc. (FCAP) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Industry Metrics

First Capital, Inc. (FCAP) has a net interest margin (NIM) of 3.0%. This indicates healthy earnings from lending activities.

First Capital, Inc. (FCAP) has an efficiency ratio of 47.9%. This is excellent, indicating strong cost control.

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