First Capital (FCAP) Q3 2026 earnings summary

Executive summary

• Q3 net income attributable to shareholders was $5.1 million, or $1.53 diluted EPS, versus $4.5 million and $1.34 a year earlier; nine-month net income was $14.2 million, or $4.25 per diluted share, versus $11.5 million and $3.43.

Financial highlights

• Q3 net interest income after provision rose $1.3 million YoY to $12.2 million; nine-month results rose $4.7 million to $34.9 million.

• Q3 noninterest income was $2.3 million; noninterest expense rose to $8.1 million from $7.6 million, while pretax income increased to $6.3 million from $5.5 million.

• Nine-month noninterest income increased to $6.5 million from $6.2 million, while noninterest expense rose to $23.7 million from $22.2 million; provision for credit losses was $1.1 million versus $794,000.

• Total assets were $1.275 billion at September 30, 2026; net loans were $675.0 million, versus $654.1 million at year-end 2025, and deposits were $1.129 billion, up $6.4 million.

Outlook and guidance

• Merger with First Bancorp of Indiana is expected to close in H1 2027, subject to shareholder and regulatory approvals and customary conditions; anticipated tangible book value dilution is 6.9%, with estimated earnback of 1.4 years.

• Merger-related professional, systems-integration, severance and retention costs are expected largely in Q4 2026 and 2027; funding is expected primarily through common-stock issuance.