First Capital (FCAP) investor relations material

Executive summary

• Achieved record quarterly net income of $4.5 million ($1.34 per diluted share) for Q3 2025, up from $2.9 million ($0.87 per share) year-over-year.

• Nine-month net income rose to $11.5 million ($3.43 per share) from $8.7 million ($2.59 per share) year-over-year.

Financial highlights

• Net interest income after provision for credit losses increased by $2.1 million for Q3 2025 and $4.9 million for the nine months ended September 30, 2025, compared to prior-year periods.

• Interest income rose by $1.4 million in Q3 and $4.8 million in the nine-month period, driven by higher yields and asset balances.

• Interest expense decreased by $397,000 in Q3 but increased by $198,000 for the nine months, with lower average costs offset by higher balances.

• Noninterest income increased by $506,000 in Q3 and $450,000 for the nine months, mainly due to gains on equity securities and loan sales.

• Noninterest expenses rose by $540,000 in Q3 and $1.5 million for the nine months, primarily from higher compensation, benefits, and occupancy costs.

• Income tax expense increased, resulting in higher effective tax rates: 19.2% for Q3 2025 and 18.4% for the nine months, up from 15.6% and 15.0% respectively.

Outlook and guidance

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