---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002688"
form_type: "8-K"
ticker: "FCAP"
cik: "0001070296"
company_name: "FIRST CAPITAL INC"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:07:12.093664+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-002688
- form_type: 8-K
- ticker: FCAP
- cik: 0001070296
- company_name: FIRST CAPITAL INC
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070296/000117184323002688/0001171843-23-002688-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070296/000117184323002688/f8k_042823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002688
- JSON: https://secwatch.observer/filing/0001171843-23-002688.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002688.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070296/000117184323002688/0001171843-23-002688-index.htm

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