secwatch.observer — SEC 8-K summary
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Issuer:     FIRST CAPITAL INC (FCAP)
CIK:        0001070296
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001171843-24-004182
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Capital Q2 net income up to $0.85/share; nonperforming assets more than double
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- Net income $2.8M ($0.85/diluted) vs $2.7M ($0.82) YoY; six-month net income $5.8M ($1.73) vs $6.5M ($1.95).
- Nonperforming assets rose to $4.1M from $1.8M, driven by $2.0M nonaccrual commercial borrowing relationship.
- Deposits fell $11M to $1.01B; BTFP borrowings increased to $33.6M from $21.5M.
- Tax-equivalent net interest margin improved to 3.15% for Q2 from 3.06% YoY.
- Provision for credit losses increased to $360k from $350k; net charge-offs declined to $30k from $158k.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070296/000117184324004182/0001171843-24-004182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070296/000117184324004182/f8k_072624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004182

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