secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CAPITAL INC (FCAP)
CIK:        0001070296
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001171843-24-002291
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070296/000117184324002291/0001171843-24-002291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070296/000117184324002291/f8k_042624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002291

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