earnings
confidence high
sentiment negative
materiality 0.55
First Capital Q1 net income $2.5M ($0.75 EPS), down from $2.9M ($0.88 EPS) YoY
FIRST CAPITAL INC
2022-Q1 EPS reported
$0.75
revenue$1,670,000
- Net income $2.5M, diluted EPS $0.75 vs $2.9M, $0.88 in Q1 2021.
- Net interest income after loan loss provision fell $152k; noninterest income down $291k.
- PPP fees recognized dropped to $25k from $625k, pressuring tax-equivalent yield to 2.68% from 3.13%.
- Nonperforming assets declined to $2.1M from $2.3M at Dec 31, 2021.
- Deposits grew $36.5M to $1.07B; loans up $22.7M; total assets $1.17B.