---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-123087"
form_type: "8-K"
ticker: "FCAP"
cik: "0001070296"
company_name: "FIRST CAPITAL INC"
filed_at: "2026-11-05T13:30:30+00:00"
generated_at: "2026-11-05T13:35:58.003623+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# First Capital to acquire First Bancorp of Indiana in all-stock merger valued at $33.2 million

## Summary
- First Bancorp shareholders receive fixed exchange ratio of 0.3075 FCAP shares per FBPI share, based on FCAP's $63.05 20-day VWAP as of Nov. 4, 2026
- First Bancorp had $583 million in total assets, $444 million in gross loans, $473 million in deposits and $33 million of equity as of Sept. 30, 2026
- First Capital will assume $12.0 million of subordinated notes due 2032 and 2037 plus about $5.0 million of junior subordinated debentures due 2037
- Michael H. Head, First Bancorp CEO, will join First Capital's board and serve as Market President of First Harrison Bank at $305,242 annual salary
- Deal includes a $1.4 million termination fee for First Bancorp and is expected to close in the first half of 2027 pending regulatory and shareholder approvals

## SEC filing metadata
- accession: 0001104659-26-123087
- form_type: 8-K
- ticker: FCAP
- cik: 0001070296
- company_name: FIRST CAPITAL INC
- filed_at: 2026-11-05T13:30:30+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070296/000110465926123087/0001104659-26-123087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070296/000110465926123087/tm2628974d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-123087
- JSON: https://secwatch.observer/filing/0001104659-26-123087.json
- Plain text: https://secwatch.observer/filing/0001104659-26-123087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.