---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006505"
form_type: "8-K"
ticker: "FCAP"
cik: "0001070296"
company_name: "FIRST CAPITAL INC"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:41:09.298112+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Capital Q3 net income flat at $3.1M; net interest spread narrows to 2.74%

## Summary
- Q3 net income $3.1M ($0.94 diluted EPS) vs $3.1M ($0.93) a year ago; nine-month net income $9.7M ($2.89) vs $8.4M ($2.49).
- Net interest income after provision fell $236k as interest expense rose $2.3M (cost of liabilities 1.30% vs 0.20%).
- Tax-equivalent interest rate spread narrowed to 2.74% from 3.07%; provision for credit losses increased to $290k.
- Average borrowings of $16.3M (rate 5.22%) in Q3 2023 vs none in 2022; deposits decreased $42.9M to $1.02B.
- Nonperforming assets increased to $1.6M from $1.4M at December 31, 2022.

## SEC filing metadata
- accession: 0001171843-23-006505
- form_type: 8-K
- ticker: FCAP
- cik: 0001070296
- company_name: FIRST CAPITAL INC
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1070296/000117184323006505/0001171843-23-006505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070296/000117184323006505/f8k_102723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006505
- JSON: https://secwatch.observer/filing/0001171843-23-006505.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006505.txt

## Key facts
- Earnings Releases
  FIRST CAPITAL INC reported the nine months ended September 30, 2023 results: net income $9.7 million, EPS $2.89 per diluted share.
  - Period: the nine months ended September 30, 2023
  - Net income: $9.7 million
  - EPS: $2.89 per diluted share
  - Result: reported results
  source text: For the nine months ended September 30, 2023, the Company reported net income of $9.7 million or $2.89 per diluted share compared to net income of $8.4 million or $2.49 per diluted share for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070296/000117184323006505/0001171843-23-006505-index.htm
- Earnings Releases
  FIRST CAPITAL INC reported the quarter ended September 30, 2023 results: net income $3.1 million, EPS $0.94 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Net income: $3.1 million
  - EPS: $0.94 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 $3.1 million or $0.94 per diluted share for the quarter ended September 30, 2023, compared to $3.1 million or $0.93 per diluted share for the quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070296/000117184323006505/0001171843-23-006505-index.htm

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