The expansion in net interest margin and strong loan growth signal continued earnings momentum. However, the increase in nonperforming assets and provision expense warrants monitoring for credit quality deterioration in the coming quarters.
Price Chart
Executive Summary
First Capital, Inc. reported Q3 2026 net income of $5.1 million ($1.53 per diluted share), up from $4.5 million ($1.34 per share) in Q3 2025, driven by a 14.2% increase in net interest income and a 37 basis point expansion in net interest margin to 4.01%. The improvement reflects higher asset yields and lower funding costs, partially offset by higher provision for credit losses and noninterest expense growth.
Key Financial Metrics
Key Facts
- Q3 2026 net income attributable to First Capital, Inc. was $5.104 million vs $4.478 million in Q3 2025, a 14.0% increase.
- Diluted EPS was $1.53 vs $1.34 in the prior-year quarter, a 14.2% increase.
- Net interest income rose to $12.510 million from $10.956 million, up 14.2%.
- Net interest margin (GAAP) expanded to 4.01% from 3.64%.
- Provision for credit losses increased to $355,000 from $150,000.
- Nonperforming assets increased to $5.5 million from $4.4 million at year-end 2025.
- Community Bank Leverage Ratio improved to 11.47% from 11.01% at year-end 2025.
Financial Impact
Net income increased by $626,000 YoY; EPS up $0.19 per share.
Risk Factors
- Nonperforming assets rose to $5.5 million from $4.4 million, driven by a non-owner occupied commercial real estate loan placed on nonaccrual.
- Provision for credit losses more than doubled to $355,000, with net charge-offs increasing to $123,000 from $17,000.
- Noninterest expense growth of $545,000 (7.2%) outpaced revenue growth, pressuring operating leverage.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-118501 |
| Document: fcap-20261023x8k.htm | 0001104659-26-118501 |
| Document: 0001104659-26-118501-index-headers.html | 0001104659-26-118501 |
| Document: 0001104659-26-118501-index.html | 0001104659-26-118501 |
| Document: 0001104659-26-118501.txt | 0001104659-26-118501 |
| 8-K Data (Synthetic) | 0001104659-26-118501 |
Track record builds as more directional reports settle.
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
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