secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CAPITAL INC (FCAP)
CIK:        0001070296
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001171843-23-004792
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCAP Q2 2023 net income flat at $2.7M; diluted EPS $0.82 vs $0.81 YoY
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- Net income $2.7M ($0.82 diluted EPS) for Q2 2023, flat vs Q2 2022 ($2.7M, $0.81).
- Net interest income after provision increased $531k; provision for credit losses rose to $350k from $200k.
- Interest rate spread widened to 2.76% from 2.73% (tax-equivalent).
- H1 2023 net income $6.5M ($1.95 EPS) up 25% from $5.2M ($1.56 EPS) in H1 2022.
- Adopted CECL Jan 1, 2023; recorded $561k increase in ACL, $529k reduction in retained earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070296/000117184323004792/0001171843-23-004792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070296/000117184323004792/f8k_072723.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-004792

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