First Capital Inc. Common Stock (FCAP)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I see a small regional bank holding company: First Capital, the parent of First Harrison Bank, operating in Indiana and Kentucky with only 176 employees and a $208.3M market capitalization. That size can be a virtue—local deposit and lending relationships are hard for mega-banks to replicate—but it also means limited disclosure and liquidity. The numbers show a profitable bank: FairStock calculates ROE of 13.88%, a P/E of 11.28 and P/B of 1.46 at the 2026-10-13 close of $62.29. A 2.06% dividend yield and beta of 0.73 suggest it has been a quiet, income-oriented holding. Growth has been respectable: in FY2025, the year ended 2025-12-31, filed net income was $16.4M and diluted EPS was $4.89, up from $11.9M and $3.57 in FY2024, the year ended 2024-12-31. But FY2024 slipped from FY2023, the year ended 2023-12-31, when filed net income was $12.8M and diluted EPS was $3.82, so this is not a smooth compounding machine. FairStock labels it a Stalwart—steady growth—with 5-year profit growth of 10.1% a year and revenue growth of 4.5%. The filed revenue lines are strange: FY2025 revenue of $7.2M is far below net income, and in fiscal Q2 2026, the quarter ended 2026-06-30, revenue of $1.9M also sits below net income of $4.8M. That tells me the revenue figure is not a useful bank top-line without NIM and noninterest income. A Piotroski F-Score of 5/9 is middling. I cannot judge the most important bank risks—CET1, NIM, credit losses, reserves—because they are not in the data. At 1.46 times book for a 13.88% ROE, the price is fair, not a giveaway. I would want a margin of safety before calling it cheap.

In plain English: First Capital is a small bank holding company for First Harrison Bank, serving people and businesses in Indiana and Kentucky. It makes steady profits, and earnings per share rose in the latest full year, so the business looks reasonably healthy. At the recent price, investors are paying a moderate amount for those profits and a little more than the bank's stated net worth, so it looks more fairly priced than deeply cheap. The main unknown is loan quality, because key safety numbers for banks are not given.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer