The strong YoY earnings growth and expanding net interest margin suggest improving profitability in a rising rate environment; monitor asset quality trends and funding costs in future quarters.
Price Chart
Executive Summary
First Capital (FCAP) reported Q1 2026 earnings with net income of $4.33 million, or $1.30 per diluted share, up from $3.24 million, or $0.97 per share, in Q1 2025. The increase was driven by higher net interest income due to improved asset yields and lower funding costs, despite a $92,000 loss on sale of securities.
Key Financial Metrics
Key Facts
- Q1 2026 net income: $4.33 million vs $3.24 million in Q1 2025 (YoY growth: 33.6%)
- EPS: $1.30 vs $0.97 in prior year (YoY growth: 34.0%)
- Net interest margin (tax-equivalent basis) increased to 3.81% from 3.34% YoY
- Average interest-earning assets grew to $1.22 billion from $1.17 billion YoY
- Nonperforming assets decreased to $4.0 million from $4.4 million
Financial Impact
Net income increased 33.6% YoY to $4.33 million, with EPS rising to $1.30 from $0.97
Risk Factors
- Increased noninterest expenses ($7.75 million vs $7.18 million YoY)
- Loss on sale of available-for-sale securities ($92,000 in Q1 2026 vs $55,000 loss YoY)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-048657 |
| Document: fcap-20260424x8k.htm | 0001104659-26-048657 |
| Document: 0001104659-26-048657-index-headers.html | 0001104659-26-048657 |
| Document: 0001104659-26-048657-index.html | 0001104659-26-048657 |
| Document: 0001104659-26-048657.txt | 0001104659-26-048657 |
| 8-K Data (Synthetic) | 0001104659-26-048657 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $63.35 | awaiting T+60 | — | $63.35 (−0.00%) |
Oct 23, 2026 2d ago | Press Release | $63.35 | awaiting T+60 | — | $63.35 (−0.00%) |
Aug 19, 2026 9w ago | Press Release | $62.60 | awaiting T+60 | — | $63.35 (+1.20%) |
May 19, 2026 22w ago | Press Release | $54.65 $64.51 | ▲ +18.04% | ▲ +13.04% | $63.35 (+15.92%) |
Apr 24, 2026 26w ago | 8-K | $53.59 $59.50 | ▲ +11.03% | ▲ +6.25% | $63.35 (+18.21%) |
Apr 8, 2026 28w ago | DEFA14A | $53.57 $64.01 | ▲ +19.49% | ▲ +8.71% | $63.35 (+18.26%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers