First Capital reports Q1 net income of $3.8M, EPS $1.14, up from $2.5M, $0.75 YoY

FIRST CAPITAL INC

2023-Q1 EPS reported $1.14 revenue$1,694,000

Net income $3.8M, diluted EPS $1.14 vs $0.75 for Q1 2022.
Net interest margin widened; interest rate spread 3.22% vs 2.55% YoY.
CECL adoption reduced retained earnings $529K net; ACL on loans at 1.29%.
Nonperforming assets fell to $1.3M from $1.5M at year-end 2022.
Deposits decreased $24.9M to $1.04B; net loans increased $7.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST CAPITAL INC reported quarter ended March 31, 2023 results: net income net income of $3.8 million, EPS $1.14 per diluted share.

Period: quarter ended March 31, 2023
Net income: net income of $3.8 million
EPS: $1.14 per diluted share
Result: reported results

Exact text from the filing

First Capital, Inc. (the "Company") (NASDAQ: FCAP), the holding company for First Harrison Bank (the "Bank"), today reported net income of $3.8 million or $1.14 per diluted share for the quarter ended March 31, 2023, compared to $2.5 million or $0.75 per diluted share for the quarter ended March 31, 2022.

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Source: SEC EDGAR

accession 0001171843-23-002688

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