---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002291"
form_type: "8-K"
ticker: "FCAP"
cik: "0001070296"
company_name: "FIRST CAPITAL INC"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:11:28.475250+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Capital Q1 net income falls 21% to $3.0M ($0.88 EPS) on higher interest expense

## Summary
- Net income of $3.0M ($0.88 diluted EPS), down from $3.8M ($1.14) in Q1 2023.
- Net interest margin narrowed to 3.14% from 3.38% as interest expense surged $2.2M.
- Provision for credit losses increased to $280K from $193K due to loan growth and macroeconomic uncertainty.
- Deposits fell $15.1M to $1.01B; BTFP borrowings rose to $33.6M from $21.5M at year-end.
- Nonperforming assets decreased to $1.7M from $1.8M.

## SEC filing metadata
- accession: 0001171843-24-002291
- form_type: 8-K
- ticker: FCAP
- cik: 0001070296
- company_name: FIRST CAPITAL INC
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070296/000117184324002291/0001171843-24-002291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070296/000117184324002291/f8k_042624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002291
- JSON: https://secwatch.observer/filing/0001171843-24-002291.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002291.txt

## Key facts
- Earnings Releases
  FIRST CAPITAL INC reported the quarter ended March 31, 2024 results: net income $3.0 million, EPS $0.88 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $3.0 million
  - EPS: $0.88 per diluted share
  - Result: reported results
  source text: First Capital, Inc. Reports Quarterly Earnings CORYDON, Ind., April 26, 2024 (GLOBE NEWSWIRE) -- First Capital, Inc. (the “Company”) (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), today reported net income of $3.0 million, or $0.88 per diluted share, for the quarter ended March 31, 2024, compared to net income of $3.8 million, or $1.14 per diluted share, for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070296/000117184324002291/0001171843-24-002291-index.htm

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