First Capital Inc
FCAP Nasdaq Savings Institution, Federally Chartered Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$7.2M
1.6%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
412.3%
18.1 pts
Net income
Profit after all expenses, interest and tax.
$16.4M
37.1%
Return on equity
Net income as a share of average shareholders' equity.
13.0%
2.1 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $5.53 EPS (TTM)
What First Capital Inc does
No business description yet.
- Legal name
- FIRST CAPITAL INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Accession · CIK
- 0001104659-26-037802
0001070296
Revenue and margins
First Capital Inc had $7.2M of revenue in fiscal 2025, up 1.6% on the year before.
FY16
Revenue $4.5M
FY17
Revenue $5.0M
FY18
Revenue $5.3M
FY19
Revenue $5.5M
FY20
Revenue $5.8M
FY21
Revenue $6.4M
FY22
Revenue $7.1M
FY23
Revenue $7.0M
FY24
Revenue $7.1M
FY25
Revenue $7.2M
Q3 '23
Revenue $1.8M
Q4 '23
Revenue $1.8M
Q1 '24
Revenue $1.7M
Q2 '24
Revenue $1.8M
Q3 '24
Revenue $1.8M
Q4 '24
Revenue $1.8M
Q1 '25
Revenue $1.7M
Q2 '25
Revenue $1.8M
Q3 '25
Revenue $1.9M
Q4 '25
Revenue $1.9M
Q1 '26
Revenue $1.7M
Q2 '26
Revenue $1.9M
FY16
Net interest share 522.8%
Efficiency ratio 435.9%
FY17
Net interest share 504.0%
Efficiency ratio 407.9%
FY18
Net interest share 519.0%
Efficiency ratio 411.3%
FY19
Net interest share 544.4%
Efficiency ratio 420.9%
FY20
Net interest share 487.5%
Efficiency ratio 400.1%
FY21
Net interest share 439.5%
Efficiency ratio 380.6%
FY22
Net interest share 452.7%
Efficiency ratio 351.1%
FY23
Net interest share 493.5%
Efficiency ratio 371.4%
FY24
Net interest share 507.0%
Efficiency ratio 394.2%
FY25
Net interest share 587.9%
Efficiency ratio 412.3%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 483.4%
Efficiency ratio 367.0%
Q4 '23
Net interest share 480.2%
Efficiency ratio 364.0%
Q1 '24
Net interest share 505.6%
Efficiency ratio 397.2%
Q2 '24
Net interest share 492.2%
Efficiency ratio 398.0%
Q3 '24
Net interest share 504.7%
Efficiency ratio 388.5%
Q4 '24
Net interest share 525.3%
Efficiency ratio 393.5%
Q1 '25
Net interest share 571.3%
Efficiency ratio 428.2%
Q2 '25
Net interest share 584.6%
Efficiency ratio 420.8%
Q3 '25
Net interest share 588.7%
Efficiency ratio 406.4%
Q4 '25
Net interest share 605.1%
Efficiency ratio 395.6%
Q1 '26
Net interest share 663.1%
Efficiency ratio 450.2%
Q2 '26
Net interest share 648.8%
Efficiency ratio 421.5%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 10.1% a year. Loss periods are shown in red.
FY16
Net income $6.9M
FY17
Net income $7.4M
FY18
Net income $9.3M
FY19
Net income $10.3M
FY20
Net income $10.1M
FY21
Net income $11.4M
FY22
Net income $11.9M
FY23
Net income $12.8M
FY24
Net income $11.9M
FY25
Net income $16.4M
Q3 '23
Net income $3.1M
Q4 '23
Net income $3.1M
Q1 '24
Net income $3.0M
Q2 '24
Net income $2.8M
Q3 '24
Net income $2.9M
Q4 '24
Net income $3.3M
Q1 '25
Net income $3.2M
Q2 '25
Net income $3.8M
Q3 '25
Net income $4.5M
Q4 '25
Net income $4.9M
Q1 '26
Net income $4.3M
Q2 '26
Net income $4.8M
FY16
Diluted EPS $2.05
FY17
Diluted EPS $2.23
FY18
Diluted EPS $2.77
FY19
Diluted EPS $3.09
FY20
Diluted EPS $3.02
FY21
Diluted EPS $3.41
FY22
Diluted EPS $3.55
FY23
Diluted EPS $3.82
FY24
Diluted EPS $3.57
FY25
Diluted EPS $4.89
Q3 '23
Diluted EPS $0.94
Q4 '23
Diluted EPS $0.93
Q1 '24
Diluted EPS $0.88
Q2 '24
Diluted EPS $0.85
Q3 '24
Diluted EPS $0.87
Q4 '24
Diluted EPS $0.97
Q1 '25
Diluted EPS $0.97
Q2 '25
Diluted EPS $1.13
Q3 '25
Diluted EPS $1.34
Q4 '25
Diluted EPS $1.46
Q1 '26
Diluted EPS $1.30
Q2 '26
Diluted EPS $1.43
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 9.1%
ROTE 10.1%
Efficiency ratio 435.9%
FY17
ROE 9.5%
ROTE 10.1%
Efficiency ratio 407.9%
FY18
ROE 11.1%
ROTE 11.8%
Efficiency ratio 411.3%
FY19
ROE 11.2%
ROTE 11.3%
Efficiency ratio 420.9%
FY20
ROE 9.7%
ROTE 9.8%
Efficiency ratio 400.1%
FY21
ROE 10.2%
ROTE 10.7%
Efficiency ratio 380.6%
FY22
ROE 12.0%
ROTE 15.2%
Efficiency ratio 351.1%
FY23
ROE 13.4%
ROTE 13.0%
Efficiency ratio 371.4%
FY24
ROE 10.9%
ROTE 11.1%
Efficiency ratio 394.2%
FY25
ROE 13.0%
ROTE 12.5%
Efficiency ratio 412.3%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Capital Inc returned $4.6M to shareholders in fiscal 2025, 23% of free cash flow. The diluted share count rose 0.1%.
FY16
Dividends $2.8M
Buybacks $0.0M
FY17
Dividends $2.9M
Buybacks $0.0M
FY18
Dividends $3.1M
Buybacks $0.0M
FY19
Dividends $3.2M
Buybacks $0.0M
FY20
Dividends $3.3M
Buybacks $0.0M
FY21
Dividends $3.5M
Buybacks $0.0M
FY22
Dividends $3.5M
Buybacks $0.0M
FY23
Dividends $3.6M
Buybacks $0.5M
FY24
Dividends $3.8M
Buybacks $0.0M
FY25
Dividends $4.0M
Buybacks $0.6M
Dividends
Buybacks
Q3 '23
Dividends $0.9M
Buybacks $0.0M
Q4 '23
Dividends $0.9M
Buybacks $0.0M
Q1 '24
Dividends $0.9M
Buybacks $0.0M
Q2 '24
Dividends $0.9M
Buybacks $0.0M
Q3 '24
Dividends $1.0M
Buybacks $0.0M
Q4 '24
Dividends $1.0M
Buybacks $0.0M
Q1 '25
Dividends $1.0M
Buybacks $0.0M
Q2 '25
Dividends $1.0M
Buybacks $0.0M
Q3 '25
Dividends $1.0M
Buybacks $0.1M
Q4 '25
Dividends $1.0M
Buybacks $0.5M
Q1 '26
Dividends $1.0M
Buybacks —
Q2 '26
Dividends $1.0M
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.00B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.00B
FY20
Diluted shares 0.00B
FY21
Diluted shares 0.00B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.00B
FY24
Diluted shares 0.00B
FY25
Diluted shares 0.00B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $381M
Deposits $665M
FY17
Loans $410M
Deposits $665M
FY18
Loans $434M
Deposits $702M
FY19
Loans $466M
Deposits $722M
FY20
Loans $500M
Deposits $900M
FY21
Loans $483M
Deposits $1.0B
FY22
Loans $558M
Deposits $1.1B
FY23
Loans $614M
Deposits $1.0B
FY24
Loans $631M
Deposits $1.1B
FY25
Loans $654M
Deposits $1.1B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $483M | $558M | $614M | $631M | $654M |
| Deposits | $1.0B | $1.1B | $1.0B | $1.1B | $1.1B |
| Loans / deposits | 46.7% | 52.6% | 59.9% | 59.2% | 58.2% |
| Total assets | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| Shareholders' equity | $114M | $85.2M | $105M | $115M | $138M |
| Goodwill | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Intangible assets | $0.5M | $0.4M | $0.2M | $0.1M | $0.0M |
| Provision / loans | −0.1% | 0.2% | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.5M | $5.0M | $5.3M | $5.5M | $5.8M | $6.4M | $7.1M | $7.0M | $7.1M | $7.2M |
| Net interest income | $23.3M | $25.0M | $27.3M | $30.1M | $28.1M | $28.3M | $32.3M | $34.6M | $35.8M | $42.2M |
| Noninterest income | $6.2M | $6.7M | $6.2M | $6.9M | $8.6M | $9.6M | $7.9M | $7.6M | $7.7M | $8.5M |
| Noninterest expense | $19.5M | $20.3M | $21.6M | $23.3M | $23.0M | $24.5M | $25.1M | $26.0M | $27.8M | $29.6M |
| Provision for credit losses | $0.6M | $0.9M | $1.2M | $1.4M | $1.8M | −$0.3M | $1.0M | — | — | — |
| Operating income | $9.4M | $10.6M | $10.7M | $12.3M | $11.8M | $13.7M | $14.2M | $15.1M | $14.2M | — |
| Interest expense | $1.8M | $1.4M | $1.6M | $2.0M | $1.6M | $1.1M | $1.6M | $9.0M | — | — |
| Pretax income | — | — | $5.5M | $3.8M | $1.8M | $2.2M | $3.3M | $15.1M | $14.2M | $19.9M |
| Income tax | $2.5M | $3.1M | $1.4M | $2.0M | $1.7M | $2.2M | $2.3M | $2.2M | $2.2M | $3.5M |
| Net income | $6.9M | $7.4M | $9.3M | $10.3M | $10.1M | $11.4M | $11.9M | $12.8M | $11.9M | $16.4M |
| Net income to common | — | — | — | — | — | — | — | $12.8M | $11.9M | $16.4M |
| Diluted EPS | $2.05 | $2.23 | $2.77 | $3.09 | $3.02 | $3.41 | $3.55 | $3.82 | $3.57 | $4.89 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | $8.2M | $13.4M | $13.3M | $14.1M | $12.1M | $21.6M | $16.5M | $14.2M | $22.3M | $21.3M |
| Capital expenditure | $2.0M | $1.3M | $0.4M | $3.0M | $0.6M | $0.3M | $0.4M | $0.6M | $0.7M | $1.4M |
| Free cash flow | $6.2M | $12.2M | $12.9M | $11.1M | $11.5M | $21.3M | $16.1M | $13.5M | $21.6M | $19.9M |
| Depreciation and amortization | $1.2M | $1.2M | $1.2M | $1.1M | $1.2M | $1.1M | $1.1M | $1.0M | $1.1M | $1.1M |
| Stock-based compensation | $0.1M | $0.1M | $0.2M | $0.3M | $0.4M | $0.5M | $0.4M | $0.3M | $0.2M | $0.1M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.5M | $0.0M | $0.6M |
| Dividends paid | $2.8M | $2.9M | $3.1M | $3.2M | $3.3M | $3.5M | $3.5M | $3.6M | $3.8M | $4.0M |
| Dividends and buybacks | $2.9M | $2.9M | $3.1M | $3.2M | $3.3M | $3.6M | $3.5M | $4.1M | $3.8M | $4.6M |
| Balance sheet | ||||||||||
| Total debt | — | — | — | — | — | — | — | — | $0.0M | $0.0M |
| Loans, net | $381M | $410M | $434M | $466M | $500M | $483M | $558M | $614M | $631M | $654M |
| Deposits | $665M | $665M | $702M | $722M | $900M | $1.0B | $1.1B | $1.0B | $1.1B | $1.1B |
| Property and equipment, net | $14.8M | $15.0M | $14.4M | $16.4M | $16.0M | $15.2M | $14.7M | $14.4M | $14.2M | $14.4M |
| Goodwill | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Intangible assets | $1.3M | $1.1M | $1.0M | $0.8M | $0.7M | $0.5M | $0.4M | $0.2M | $0.1M | $0.0M |
| Total assets | $744M | $759M | $794M | $827M | $1.0B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B |
| Total liabilities | $668M | $678M | $708M | $729M | $907M | $1.0B | $1.1B | $1.1B | $1.1B | $1.1B |
| Preferred stock | $0.0M | — | — | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $75.7M | $80.9M | $85.8M | $98.8M | $111M | $114M | $85.2M | $105M | $115M | $138M |
| Margins | ||||||||||
| Operating margin | 210.6% | 212.5% | 202.9% | 223.0% | 205.5% | 212.2% | 199.2% | 214.7% | 200.7% | — |
| EBITDA margin | 237.2% | 237.2% | 226.0% | 242.3% | 226.3% | 229.9% | 214.2% | 229.4% | 216.3% | — |
| Net margin | 153.8% | 149.8% | 176.1% | 186.8% | 175.9% | 177.2% | 166.6% | 182.5% | 169.1% | 228.3% |
| FCF margin | 140.0% | 244.7% | 246.4% | 200.9% | 198.9% | 331.1% | 225.6% | 193.1% | 306.4% | 278.0% |
| Net interest share of revenue | 522.8% | 504.0% | 519.0% | 544.4% | 487.5% | 439.5% | 452.7% | 493.5% | 507.0% | 587.9% |
| Efficiency ratio | 435.9% | 407.9% | 411.3% | 420.9% | 400.1% | 380.6% | 351.1% | 371.4% | 394.2% | 412.3% |
| Returns | ||||||||||
| Return on equity | 9.1% | 9.5% | 11.1% | 11.2% | 9.7% | 10.2% | 12.0% | 13.4% | 10.9% | 13.0% |
| Return on assets | 0.9% | 1.0% | 1.2% | 1.3% | 1.1% | 1.1% | 1.0% | 1.1% | 1.0% | 1.3% |
| Return on tangible equity | 10.1% | 10.1% | 11.8% | 11.3% | 9.8% | 10.7% | 15.2% | 13.0% | 11.1% | 12.5% |
| Growth | ||||||||||
| Revenue growth | — | 11.3% | 5.8% | 5.2% | 4.2% | 11.9% | 10.8% | −1.9% | 0.7% | 1.6% |
| Net income growth | — | 8.4% | 24.4% | 11.6% | −1.9% | 12.8% | 4.2% | 7.5% | −6.6% | 37.1% |
| EPS growth | — | 8.8% | 24.2% | 11.6% | −2.3% | 12.9% | 4.1% | 7.6% | −6.5% | 37.0% |
| FCF growth | — | 94.5% | 6.6% | −14.2% | 3.2% | 86.3% | −24.5% | −16.0% | 59.8% | −7.8% |
| Share count change | — | −0.4% | 0.2% | 0.3% | 0.2% | −0.1% | 0.3% | −0.2% | −0.0% | 0.1% |
| Financial health | ||||||||||
| Debt / equity | — | — | — | — | — | — | — | — | 0.0x | 0.0x |
| Interest coverage | 5.3x | 7.6x | 6.6x | 6.3x | 7.6x | 12.1x | 8.9x | 1.7x | — | — |
| Loans / deposits | 57.3% | 61.6% | 61.9% | 64.6% | 55.6% | 46.7% | 52.6% | 59.9% | 59.2% | 58.2% |
| Provision / loans | 0.2% | 0.2% | 0.3% | 0.3% | 0.4% | −0.1% | 0.2% | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 44.6% | 25.6% | 7.6% | 53.8% | 10.4% | 4.5% | 5.8% | 8.9% | 10.2% | 18.9% |
| Stock comp / revenue | 1.8% | 1.8% | 3.7% | 5.2% | 6.6% | 7.6% | 6.1% | 3.6% | 2.9% | 1.5% |
| Payouts / FCF | 45.6% | 23.9% | 24.2% | 28.9% | 28.5% | 16.7% | 21.8% | 30.6% | 17.6% | 23.1% |
| Quality scores | ||||||||||
| Piotroski F-score | — | — | — | — | — | — | — | — | — | 4.0 |
| Accruals ratio | −0.2% | −0.8% | −0.5% | −0.5% | −0.2% | −0.9% | −0.4% | −0.1% | −0.9% | −0.4% |
Source: SEC EDGAR XBRL filings (CIK 0001070296). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.