First Capital (FCAP) investor relations material

Executive summary

• Achieved record annual net income of $16.4 million ($4.89 per diluted share) for 2025, up from $11.9 million ($3.57 per diluted share) in 2024, and quarterly net income of $4.9 million ($1.46 per diluted share) for Q4 2025, up from $3.3 million ($0.97 per diluted share) in Q4 2024.

• Growth driven by higher net interest income, improved yields on interest-earning assets, and increased noninterest income.

Financial highlights

• Net interest income after provision for credit losses rose $6.7 million year-over-year to $41.0 million for 2025; Q4 net interest income after provision increased $1.8 million year-over-year to $10.9 million.

• Noninterest income increased $809,000 year-over-year, with gains on equity securities and loan sales offsetting a loss on sale of available-for-sale securities.

• Noninterest expenses rose $1.7 million year-over-year, mainly due to higher compensation, benefits, and occupancy costs.

• Total assets grew to $1.27 billion at year-end 2025 from $1.19 billion at year-end 2024; deposits increased by $56.6 million to $1.12 billion.

Outlook and guidance

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