First Capital (FCAP) investor relations material

Executive summary

• Net income rose to $4.3 million ($1.30 per diluted share) for Q1 2026, up from $3.2 million ($0.97 per share) in Q1 2025.

• Total assets increased to $1.28 billion at March 31, 2026, from $1.27 billion at December 31, 2025.

• Deposits grew by $13.6 million quarter-over-quarter, reaching $1.14 billion.

Financial highlights

• Net interest income after provision for credit losses increased by $1.8 million year-over-year.

• Interest income rose by $1.6 million, driven by higher yields and asset balances.

• Interest expense decreased by $259,000 as average cost of liabilities fell to 1.56%.

• Noninterest income increased by $200,000, mainly from gains on equity securities and higher fee income.

• Noninterest expenses rose by $572,000, primarily due to higher professional services, compensation, and consumer fraud losses.

• Income tax expense increased by $358,000, with the effective tax rate rising to 19.2%.

Outlook and guidance

• Management notes forward-looking statements are subject to risks including economic conditions, interest rates, competition, and regulatory changes.