FIRST CAPITAL INC FCAP
First Capital, Inc. (the "Company," "First Capital," "us," or "we") was incorporated under Indiana law on September 11, 1998. On December 31, 1998, the Company became the holding company for First Federal Bank, A Federal Savings Bank (the "Bank") upon the Bank's reorganization as a wholly owned subsidiary of the Company resulting from the conversion of First Capital, Inc., M.H.C. (the "MHC"), from a federal mutual holding company to a stock holding company. On January 12, 2000, the Company completed a merger of equals with HCB Bancorp, the former holding company for Harrison County Bank, and the Bank changed its name to First Harrison Bank. On March 20, 2003, the Company acquired Hometown Bancshares, Inc. ("Hometown"), a bank holding company located in New Albany, Indiana. On December 4, 2015, the Company acquired Peoples Bancorp, Inc. of Bullitt County and its wholly-owned bank subsidiary, Peoples Bank of Bullitt County ("Peoples"), headquartered in Shepherdsville, Kentucky.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2M | $7.1M | $7.0M | $7.1M | $6.4M | $5.8M | $5.5M | $5.3M | $5.0M | $4.5M |
| Operating income | — | $14.2M | $15.1M | $14.2M | $13.7M | $11.8M | $12.3M | $10.7M | $10.6M | $9.4M |
| Interest expense | $42.1M | $35.8M | $34.6M | $32.3M | $1.1M | $1.6M | $2.0M | $1.6M | $1.4M | $1.8M |
| Pre-tax income | $19.9M | $14.2M | $15.1M | $3.3M | $2.2M | $1.8M | $3.8M | $5.5M | $10.5M | $9.4M |
| Income tax | $3.5M | $2.2M | $2.2M | $2.3M | $2.2M | $1.7M | $2.0M | $1.4M | $3.1M | $2.5M |
| Net income | $16.4M | $11.9M | $12.8M | $11.9M | $11.4M | $10.1M | $10.3M | $9.3M | $7.4M | $6.9M |
| EPS, basic | 4.89 | 3.57 | 3.82 | 3.55 | 3.41 | 3.03 | 3.10 | 2.78 | 2.24 | 2.05 |
| EPS, diluted | 4.89 | 3.57 | 3.82 | 3.55 | 3.41 | 3.02 | 3.09 | 2.77 | 2.23 | 2.05 |
| Shares, diluted (wtd. avg.) | $3.3M | $3.3M | $3.3M | $3.4M | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M | $3.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $26.9M | $18.4M | $20.0M | $25.2M | $23.5M | $28.9M | $18.9M | $17.4M | $19.5M | $18.8M |
| Property, plant and equipment | $14.4M | $14.2M | $14.4M | $14.7M | $15.2M | $15.9M | $16.4M | $14.4M | $15.0M | $14.8M |
| Goodwill | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Other intangibles | $0 | $86.0K | $232.0K | $379.0K | $526.0K | $672.0K | $819.0K | $966.0K | $1.1M | $1.3M |
| Total assets | $1.27B | $1.19B | $1.16B | $1.15B | $1.16B | $1.02B | $827.5M | $794.2M | $759.0M | $743.7M |
| Short-term debt | $0 | $0 | — | — | — | — | — | — | — | — |
| Total liabilities | $1.13B | $1.07B | $1.05B | $1.07B | $1.04B | $906.8M | $728.5M | $708.2M | $677.9M | $667.8M |
| Retained earnings | $117.6M | $105.3M | $97.1M | $88.5M | $80.1M | $72.2M | $65.3M | $58.1M | $52.0M | $47.1M |
| Total equity | $137.8M | $114.6M | $105.3M | $84.7M | $113.9M | $110.8M | $98.9M | $86.0M | $81.0M | $75.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.3M | $22.3M | $14.2M | $16.5M | $21.6M | $12.1M | $14.1M | $13.3M | $13.4M | $8.2M |
| Depreciation and amortisation | $1.0M | $951.0K | $882.0K | $924.0K | $996.0K | $1.1M | $923.0K | $1.1M | $1.1M | $1.0M |
| Stock-based compensation | $104.0K | $202.0K | $252.0K | $436.0K | $487.0K | $381.0K | $288.0K | $192.0K | $88.0K | $82.0K |
| Capital expenditure | $1.4M | $717.0K | $627.0K | $415.0K | $288.0K | $602.0K | $3.0M | $402.0K | $1.3M | $2.0M |
| Investing cash flow | -$41.8M | $29.0M | -$23.9M | -$144.0M | -$156.5M | -$62.4M | -$21.1M | -$22.1M | -$40.4M | -$96.2M |
| Financing cash flow | $51.9M | $15.9M | -$17.8M | $21.3M | $131.5M | $174.9M | $17.3M | $23.9M | $7.0M | $24.6M |
| Dividends paid | $4.0M | $3.8M | $3.6M | $3.5M | $3.5M | $3.3M | $3.2M | $3.1M | $2.9M | $2.8M |
| Buybacks | $578.0K | $41.0K | $502.0K | $0 | $40.0K | $13.0K | $2.0K | $32.0K | $16.0K | $34.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040934.
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