secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CAPITAL INC (FCAP)
CIK:        0001070296
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001171843-23-002688
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070296/000117184323002688/0001171843-23-002688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070296/000117184323002688/f8k_042823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002688

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer