First Capital Management

Management criteria checks 3/4

First Capital's CEO is Michael Frederick, appointed in Jul 2023, has a tenure of less than a year. total yearly compensation is $251.80K, comprised of 73.6% salary and 26.4% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $249.68K. The average tenure of the management team and the board of directors is 1.4 years and 17.8 years respectively.

Key information

Michael Frederick

Chief executive officer

US$251.8k

Total compensation

CEO salary percentage	73.6%
CEO tenure	less than a year
CEO ownership	0.3%
Management average tenure	1.4yrs
Board average tenure	17.8yrs

Recent management updates

Recent updates

I Built A List Of Growing Companies And First Capital (NASDAQ:FCAP) Made The Cut

Apr 30

First Capital reports Q1 results

Apr 26

Should You Buy First Capital, Inc. (NASDAQ:FCAP) For Its Upcoming Dividend?

Mar 10

Why First Capital, Inc. (NASDAQ:FCAP) Is A Top Dividend Stock

Feb 01

First Capital, Inc. (NASDAQ:FCAP) Looks Interesting, And It's About To Pay A Dividend

Dec 10

First Capital declares $0.24 dividend

Nov 18

Shareholders Of First Capital (NASDAQ:FCAP) Must Be Happy With Their 193% Total Return

Nov 18

CEO Compensation Analysis

How has Michael Frederick's remuneration changed compared to First Capital's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$12m
Dec 31 2023	n/a	n/a	US$13m
Sep 30 2023	n/a	n/a	US$13m
Jun 30 2023	n/a	n/a	US$13m
Mar 31 2023	n/a	n/a	US$13m
Dec 31 2022	US$252k	US$185k	US$12m
Sep 30 2022	n/a	n/a	US$11m
Jun 30 2022	n/a	n/a	US$11m
Mar 31 2022	n/a	n/a	US$11m
Dec 31 2021	US$221k	US$152k	US$11m
Sep 30 2021	n/a	n/a	US$11m
Jun 30 2021	n/a	n/a	US$11m
Mar 31 2021	n/a	n/a	US$11m
Dec 31 2020	US$211k	US$147k	US$10m
Sep 30 2020	n/a	n/a	US$10m
Jun 30 2020	n/a	n/a	US$10m
Mar 31 2020	n/a	n/a	US$10m
Dec 31 2019	US$272k	US$141k	US$10m
Sep 30 2019	n/a	n/a	US$10m
Jun 30 2019	n/a	n/a	US$10m
Mar 31 2019	n/a	n/a	US$9m
Dec 31 2018	US$223k	US$136k	US$9m
Sep 30 2018	n/a	n/a	US$8m
Jun 30 2018	n/a	n/a	US$8m
Mar 31 2018	n/a	n/a	US$8m
Dec 31 2017	US$240k	US$132k	US$7m

Compensation vs Market: Michael's total compensation ($USD251.80K) is below average for companies of similar size in the US market ($USD674.55K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.

CEO

Michael Frederick (55 yo)

less than a year

Tenure

US$251,803

Compensation

Mr. Michael Chris Frederick serves as Director at First Capital, Inc. since September 21, 2020 and was its Executive Vice President until July 01, 2023. He is Chief Executive Officer and President at First...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Joshua Stevens	Chief Financial Officer	1.2yrs	US$244.49k	0.042% $ 39.0k
Joseph Mahuron	Chief Credit Officer	2.3yrs	US$188.09k	0.17% $ 157.9k
Michael Frederick	CEO, President & Director	less than a year	US$251.80k	0.27% $ 249.7k
Angela Jett	Chief Operating Officer	no data	no data	no data
Jeff Thomas	Director of Business Development & Director of Business Development of First Harrison Bank	no data	no data	no data
Jennifer Meredith	Corporate Secretary	1.6yrs	no data	no data

1.4yrs

Average Tenure

55yo

Average Age

Experienced Management: FCAP's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Frederick	CEO, President & Director	3.7yrs	US$251.80k	0.27% $ 249.7k
William Harrod	Director	24.3yrs	US$356.56k	0.50% $ 472.4k
Mark Shireman	Independent Director	35.3yrs	US$31.71k	1.55% $ 1.5m
Michael Shireman	Independent Director	24.3yrs	US$23.43k	0.50% $ 472.4k
Kathryn Ernstberger	Independent Chairwoman of the Board	21.3yrs	US$19.86k	0.071% $ 67.0k
Craig Stanley	Member of Advisory Board	no data	no data	no data
Anne Ragains	Member of Advisory Board	no data	no data	no data
Michael Pattison	Member of Advisory Board	no data	no data	no data
Tom Lumley	Member of Advisory Board	no data	no data	no data
Carolyn Wallace	Independent Director	14.3yrs	US$23.43k	0.065% $ 61.3k
Pamela Kraft	Independent Director	14yrs	US$23.43k	0.086% $ 81.1k
Christopher Byrd	Independent Director	14yrs	US$23.43k	0.18% $ 165.1k

17.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FCAP's board of directors are seasoned and experienced ( 17.8 years average tenure).

First Capital Management

Management criteria checks 3/4

Key information

Recent management updates

First Capital, Inc., Annual General Meeting, May 22, 2024

Insufficient new directors

First Capital, Inc. Announces Chief Executive Officer Changes

Insider recently bought US$136k worth of stock

Insider recently bought US$80k worth of stock

Independent Chairman of the Board recently bought US$51k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.88 (vs US$1.14 in 1Q 2023)

Upcoming dividend of US$0.27 per share

Fourth quarter dividend of US$0.27 announced

First Capital, Inc., Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: US$3.82 (vs US$3.55 in FY 2022)

First Capital, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Upcoming dividend of US$0.27 per share at 4.0% yield

First Capital, Inc. Announces Quarterly Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.93 in 3Q 2022)

Insufficient new directors

Upcoming dividend of US$0.27 per share at 3.4% yield

First Capital, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: US$0.81 (vs US$0.81 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.27 per share at 4.1% yield

First Capital, Inc. Announces Quarterly Dividend, Payable on June 30, 2023

Full year 2022 earnings released: EPS: US$3.55 (vs US$3.41 in FY 2021)

Upcoming dividend of US$0.27 per share at 3.9% yield

Full year 2022 earnings released: EPS: US$3.55 (vs US$3.41 in FY 2021)

First Capital (NASDAQ:FCAP) Has Affirmed Its Dividend Of $0.26

Upcoming dividend of US$0.26 per share

First Capital (NASDAQ:FCAP) Is Paying Out A Dividend Of $0.26

First Capital, Inc. Declares Quarterly Cash Dividend, Payable on December 30, 2022

Third quarter 2022 earnings released: EPS: US$0.93 (vs US$0.88 in 3Q 2021)

Third quarter 2022 earnings released: EPS: US$0.93 (vs US$0.88 in 3Q 2021)

First Capital, Inc. Announces Chief Executive Officer Changes

Upcoming dividend of US$0.26 per share

Insider recently bought US$136k worth of stock

First Capital, Inc. Declares Quarterly Cash Dividend for Common Stock, Payable on September 30, 2022

First Capital declares $0.26 dividend

Second quarter 2022 earnings released: EPS: US$0.81 (vs US$0.82 in 2Q 2021)

First Capital, Inc. Announces Net Charge-Offs for the Quarter Ended June 30, 2021

First Capital reports Q2 results

Upcoming dividend of US$0.26 per share

First Capital, Inc. Announces Quarterly Dividend, Payable on June 30, 2022

First quarter 2022 earnings released: EPS: US$0.75 (vs US$0.88 in 1Q 2021)

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.26 per share

First Capital (NASDAQ:FCAP) Has Re-Affirmed Its Dividend Of US$0.26

First Capital, Inc. Announces Declares Cash Dividend, Payable on March 31, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.26 per share

Insider recently bought US$80k worth of stock

Third quarter 2021 earnings released: EPS US$0.88 (vs US$0.82 in 3Q 2020)

Upcoming dividend of US$0.26 per share

Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.73 in 2Q 2020)

First Capital, Inc.(NasdaqCM:FCAP) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.26 per share

Independent Chairman of the Board recently bought US$51k worth of stock

First Capital, Inc. Announces Quarterly Dividend Increase, Payable on June 30, 2021

Here's Why First Capital, Inc.'s (NASDAQ:FCAP) CEO May Have Their Pay Bumped Up

First quarter 2021 earnings released: EPS US$0.88 (vs US$0.63 in 1Q 2020)

I Built A List Of Growing Companies And First Capital (NASDAQ:FCAP) Made The Cut

First quarter 2021 earnings released: EPS US$0.88 (vs US$0.63 in 1Q 2020)

First Capital reports Q1 results

Full year 2020 earnings released: EPS US$3.03 (vs US$3.10 in FY 2019)

Should You Buy First Capital, Inc. (NASDAQ:FCAP) For Its Upcoming Dividend?

Upcoming Dividend of US$0.26 Per Share

First Capital, Inc., Annual General Meeting, May 26, 2021

Why First Capital, Inc. (NASDAQ:FCAP) Is A Top Dividend Stock

New 90-day low: US$55.00

First Capital, Inc. (NASDAQ:FCAP) Looks Interesting, And It's About To Pay A Dividend

Upcoming Dividend of US$0.24 Per Share

First Capital declares $0.24 dividend

Shareholders Of First Capital (NASDAQ:FCAP) Must Be Happy With Their 193% Total Return

Third quarter 2020 earnings released: EPS US$0.82

Third quarter earnings released

First Capital, Inc. Announces Management Changes

First half earnings released