Buy Or Sell Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock has risen 14% to US$60.85. The fair value is estimated to be US$76.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 8.2%. Upcoming Dividend • Jun 05
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 12 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.4%). Buy Or Sell Opportunity • Jun 01
Now 21% undervalued Over the last 90 days, the stock has risen 17% to US$60.52. The fair value is estimated to be US$76.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 8.2%. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$61.91, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 171% over the past three years. Declared Dividend • May 22
First quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 12th June 2026 Payment date: 26th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 9.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 21
First Capital, Inc. announces Quarterly dividend, payable on June 26, 2026 First Capital, Inc. announced Quarterly dividend of USD 0.3100 per share payable on June 26, 2026, ex-date on June 12, 2026 and record date on June 12, 2026. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: US$1.30 (vs US$0.97 in 1Q 2025) First quarter 2026 results: EPS: US$1.30 (up from US$0.97 in 1Q 2025). Revenue: US$13.1m (up 18% from 1Q 2025). Net income: US$4.33m (up 34% from 1Q 2025). Profit margin: 33% (up from 29% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 25
First Capital, Inc. Reports Charge Offs for the First Quarter Ended March 31, 2026 First Capital, Inc. reported charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $111,000 compared to $84,000 a year ago. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: US$4.89 (vs US$3.57 in FY 2024) Full year 2025 results: EPS: US$4.89 (up from US$3.57 in FY 2024). Revenue: US$49.5m (up 18% from FY 2024). Net income: US$16.4m (up 37% from FY 2024). Profit margin: 33% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.61% (up from 3.20% in FY 2024). Cost-to-income ratio: 58.4% (down from 64.1% in FY 2024). Non-performing loans: 0.66% (down from 0.69% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 24
Fourth quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 13th March 2026 Payment date: 27th March 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 05
Now 25% undervalued Over the last 90 days, the stock has risen 30% to US$57.20. The fair value is estimated to be US$76.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 5.1%. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$58.92, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 144% over the past three years. Reported Earnings • Jan 25
Full year 2025 earnings released: EPS: US$4.89 (vs US$3.57 in FY 2024) Full year 2025 results: EPS: US$4.89 (up from US$3.57 in FY 2024). Revenue: US$49.5m (up 18% from FY 2024). Net income: US$16.4m (up 37% from FY 2024). Profit margin: 33% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.61% (up from 3.20% in FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
First Capital, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 First Capital, Inc. reported net charge-offs for the fourth quarter ended December 31, 2025. The Bank recognized net charge-offs of $103,000 and $24,000 for the quarters ended December 31, 2025 and 2024, respectively. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$47.40, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 91% over the past three years. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued Over the last 90 days, the stock has risen 25% to US$56.20. The fair value is estimated to be US$70.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 3.0%. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$58.45, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 171% over the past three years. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 12 December 2025. Payment date: 26 December 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.4%). Declared Dividend • Nov 23
Third quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 12th December 2025 Payment date: 26th December 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 20
First Capital, Inc. Announces Quarterly Dividend, Payable on December 26, 2025 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.31 (thirty-one cents) per share of common stock. The dividend will be paid on December 26, 2025 to shareholders of record as of December 12, 2025. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: US$1.34 (vs US$0.87 in 3Q 2024) Third quarter 2025 results: EPS: US$1.34 (up from US$0.87 in 3Q 2024). Revenue: US$13.1m (up 25% from 3Q 2024). Net income: US$4.48m (up 55% from 3Q 2024). Profit margin: 34% (up from 28% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
First Capital, Inc. Reports Net Charge-Offs for the Quarter Ended September 30, 2025 First Capital, Inc. reported net charge-offs for the quarter ended September 30, 2025. The Bank recognized net charge-offs of $17,000 and $64,000 for the quarters ended September 30, 2025 and 2024, respectively. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 12 September 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (2.5%). Declared Dividend • Aug 24
Second quarter dividend increased to US$0.31 Dividend of US$0.31 is 6.9% higher than last year. Ex-date: 12th September 2025 Payment date: 26th September 2025 Dividend yield will be 3.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
First Capital, Inc. Announces Quarterly Dividend Increase, Payable on September 26, 2025 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.31 (thirty-one cents) per share of common stock, according to Michael C. Frederick, President and Chief Executive Officer. The dividend will be paid on September 26, 2025 to shareholders of record as of September 12, 2025. This represents an increase of $0.02 (two cents) per share, or 6.9%, compared to the most recent dividend paid on June 27, 2025. Announcement • Jul 28
First Capital, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2025 First Capital, Inc. reported net charge-offs for the second quarter ended June 30, 2025. The Bank recognized net charge-offs of $113,000 against $30,000 a year ago. Reported Earnings • Jul 27
Second quarter 2025 earnings released: EPS: US$1.13 (vs US$0.84 in 2Q 2024) Second quarter 2025 results: EPS: US$1.13 (up from US$0.84 in 2Q 2024). Revenue: US$12.1m (up 18% from 2Q 2024). Net income: US$3.78m (up 34% from 2Q 2024). Profit margin: 31% (up from 27% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 29
First quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 13th June 2025 Payment date: 27th June 2025 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 23
First Capital, Inc. Declares Quarterly Cash Dividend, Payable on June 27, 2025 The board of directors of First Capital, Inc. has declared a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on June 27, 2025 to shareholders of record as of June 13, 2025. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$48.38, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 45% over the past three years. Reported Earnings • Apr 06
Full year 2024 earnings released: EPS: US$3.57 (vs US$3.82 in FY 2023) Full year 2024 results: EPS: US$3.57 (down from US$3.82 in FY 2023). Revenue: US$42.0m (up 2.2% from FY 2023). Net income: US$11.9m (down 6.6% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.20% (up from 3.16% in FY 2023). Cost-to-income ratio: 64.1% (up from 61.6% in FY 2023). Non-performing loans: 0.69% (up from 0.28% in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 28 March 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.6%). In line with average of industry peers (2.8%). Declared Dividend • Feb 23
Fourth quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 14th March 2025 Payment date: 28th March 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 21
First Capital, Inc. Declares Quarterly Dividend, Payable on March 28, 2025 The Board of Directors of First Capital, Inc. declared a quarterly cash dividend of $0.29 (twenty-nine cents) per share of common stock The dividend will be paid on March 28, 2025 to shareholders of record as of March 14, 2025. Announcement • Feb 20
First Capital, Inc., Annual General Meeting, May 21, 2025 First Capital, Inc., Annual General Meeting, May 21, 2025. Reported Earnings • Jan 27
Full year 2024 earnings released: EPS: US$3.57 (vs US$3.82 in FY 2023) Full year 2024 results: EPS: US$3.57 (down from US$3.82 in FY 2023). Revenue: US$42.0m (up 2.2% from FY 2023). Net income: US$11.9m (down 6.6% from FY 2023). Profit margin: 28% (down from 31% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 29
Third quarter dividend of US$0.29 announced Shareholders will receive a dividend of US$0.29. Ex-date: 13th December 2024 Payment date: 27th December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 26
First Capital, Inc. Announces Quarterly Dividend, Payable on December 27, 2024 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.29 (twenty-nine cents) per share of common stock. The dividend will be paid on December 27, 2024 to shareholders of record as of December 13, 2024. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: US$0.87 (vs US$0.94 in 3Q 2023) Third quarter 2024 results: EPS: US$0.87 (down from US$0.94 in 3Q 2023). Revenue: US$10.5m (up 2.6% from 3Q 2023). Net income: US$2.90m (down 7.6% from 3Q 2023). Profit margin: 28% (down from 31% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$38.00, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 12x in the Banks industry in the US. Total returns to shareholders of 3.3% over the past three years. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.29 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (2.9%). Declared Dividend • Aug 25
Second quarter dividend increased to US$0.29 Dividend of US$0.29 is 7.4% higher than last year. Ex-date: 13th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
First Capital, Inc. Declares Quarterly Cash Dividend, Payable on September 27, 2024 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.29 per share of common stock. The dividend will be paid on September 27, 2024 to shareholders of record as of September 13, 2024. This represents an increase of $0.02 per share, or 7.4%, compared to the most recent dividend paid on June 28, 2024. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.84 (vs US$0.81 in 2Q 2023) Second quarter 2024 results: EPS: US$0.84 (up from US$0.81 in 2Q 2023). Revenue: US$10.3m (up 5.0% from 2Q 2023). Net income: US$2.83m (up 3.7% from 2Q 2023). Profit margin: 27% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • May 30
First quarter dividend of US$0.27 announced Dividend of US$0.27 is the same as last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 5.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 25
First Capital, Inc. Declares Quarterly Cash Dividend, Payable on June 28, 2024 The Board of Directors of First Capital, Inc. declared a quarterly cash dividend of $0.27 per share of common stock. The dividend will be paid on June 28, 2024 to shareholders of record as of June 14, 2024. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: US$0.88 (vs US$1.14 in 1Q 2023) First quarter 2024 results: EPS: US$0.88 (down from US$1.14 in 1Q 2023). Revenue: US$10.2m (down 7.0% from 1Q 2023). Net income: US$2.95m (down 23% from 1Q 2023). Profit margin: 29% (down from 35% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 08
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.0%). Declared Dividend • Feb 25
Fourth quarter dividend of US$0.27 announced Dividend of US$0.27 is the same as last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$3.82 (vs US$3.55 in FY 2022) Full year 2023 results: EPS: US$3.82 (up from US$3.55 in FY 2022). Revenue: US$41.1m (up 4.5% from FY 2022). Net income: US$12.8m (up 7.5% from FY 2022). Profit margin: 31% (in line with FY 2022). Net interest margin (NIM): 3.16% (up from 2.95% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jan 31
First Capital, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023 First Capital, Inc. reported net charge-offs for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-offs of $89,000 and $194,000 for the quarters ended December 31, 2023 and 2022, respectively. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.27 per share at 4.0% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.5%). Announcement • Nov 25
First Capital, Inc. Announces Quarterly Dividend, Payable on December 29, 2023 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.27 (twenty-seven cents) per share of common stock. The dividend will be paid on December 29, 2023 to shareholders of record as of December 15, 2023. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.93 in 3Q 2022) Third quarter 2023 results: EPS: US$0.94 (up from US$0.93 in 3Q 2022). Revenue: US$10.2m (down 1.6% from 3Q 2022). Net income: US$3.14m (flat on 3Q 2022). Profit margin: 31% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. CEO, President & Director Michael Frederick was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.27 per share at 3.4% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (3.7%). Announcement • Aug 24
First Capital, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.27 (twenty-seven cents) per share of common stock, according to Michael C. Frederick, President and Chief Executive Officer. The dividend will be paid on September 29, 2023 to shareholders of record as of September 15, 2023. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: US$0.81 (vs US$0.81 in 2Q 2022) Second quarter 2023 results: EPS: US$0.81 (up from US$0.81 in 2Q 2022). Revenue: US$9.83m (up 4.6% from 2Q 2022). Net income: US$2.73m (flat on 2Q 2022). Profit margin: 28% (down from 29% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$29.97, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 8x in the Banks industry in the US. Total loss to shareholders of 52% over the past three years. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.27 per share at 4.1% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (5.0%). Higher than average of industry peers (3.6%). Announcement • May 26
First Capital, Inc. Announces Quarterly Dividend, Payable on June 30, 2023 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.27 (twenty-seven cents) per share of common stock. The dividend will be paid on June 30, 2023 to shareholders of record as of June 16, 2023. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: US$3.55 (vs US$3.41 in FY 2021) Full year 2022 results: EPS: US$3.55 (up from US$3.41 in FY 2021). Revenue: US$39.3m (up 2.9% from FY 2021). Net income: US$11.9m (up 4.2% from FY 2021). Profit margin: 30% (in line with FY 2021). Net interest margin (NIM): 2.95% (up from 2.84% in FY 2021). Cost-to-income ratio: 62.3% (down from 64.8% in FY 2021). Non-performing loans: 0.25% (down from 0.26% in FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.27 per share at 3.9% yield Eligible shareholders must have bought the stock before 16 March 2023. Payment date: 31 March 2023. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.4%). Higher than average of industry peers (3.1%). Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$3.55 (vs US$3.41 in FY 2021) Full year 2022 results: EPS: US$3.55 (up from US$3.41 in FY 2021). Revenue: US$39.3m (up 2.9% from FY 2021). Net income: US$11.9m (up 4.2% from FY 2021). Profit margin: 30% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 15 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.1%). Announcement • Nov 23
First Capital, Inc. Declares Quarterly Cash Dividend, Payable on December 30, 2022 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.26 per share of common stock. The dividend will be paid on December 30, 2022 to shareholders of record as of December 16, 2022. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: US$0.93 (vs US$0.88 in 3Q 2021) Third quarter 2022 results: EPS: US$0.93 (up from US$0.88 in 3Q 2021). Revenue: US$10.4m (up 6.4% from 3Q 2021). Net income: US$3.13m (up 6.4% from 3Q 2021). Profit margin: 30% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2022 earnings released: EPS: US$0.93 (vs US$0.88 in 3Q 2021) Third quarter 2022 results: EPS: US$0.93 (up from US$0.88 in 3Q 2021). Revenue: US$10.4m (up 6.4% from 3Q 2021). Net income: US$3.13m (up 6.4% from 3Q 2021). Profit margin: 30% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.2%). Recent Insider Transactions • Sep 03
Insider recently bought US$136k worth of stock On the 26th of August, Dana Huber bought around 5k shares on-market at roughly US$27.25 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$449k more in shares than they have sold in the last 12 months. Announcement • Aug 17
First Capital, Inc. Declares Quarterly Cash Dividend for Common Stock, Payable on September 30, 2022 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.26 per share of common stock. The dividend will be paid on September 30, 2022 to shareholders of record as of September 16, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.81 (vs US$0.82 in 2Q 2021) Second quarter 2022 results: EPS: US$0.81 (down from US$0.82 in 2Q 2021). Revenue: US$9.40m (flat on 2Q 2021). Net income: US$2.71m (flat on 2Q 2021). Profit margin: 29% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jul 22
First Capital, Inc. Announces Net Charge-Offs for the Quarter Ended June 30, 2021 First Capital, Inc. announced net charge-offs for the quarter ended June 30, 2021. The Bank recognized net charge-offs of $51,000 for the quarter ended June 30, 2022 compared to $9,000 in net recoveries for the same period in 2021. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (3.9%). Higher than average of industry peers (2.8%). Announcement • May 27
First Capital, Inc. Announces Quarterly Dividend, Payable on June 30, 2022 The Board of Directors of First Capital, Inc. has declared a quarterly cash dividend of $0.26 (twenty-six cents) per share of common stock. The dividend will be paid on June 30, 2022 to shareholders of record as of June 16, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.75 (vs US$0.88 in 1Q 2021) First quarter 2022 results: EPS: US$0.75 (down from US$0.88 in 1Q 2021). Revenue: US$8.92m (down 4.7% from 1Q 2021). Net income: US$2.53m (down 14% from 1Q 2021). Profit margin: 28% (down from 31% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.41 (up from US$3.03 in FY 2020). Revenue: US$38.2m (up 9.5% from FY 2020). Net income: US$11.4m (up 13% from FY 2020). Profit margin: 30% (in line with FY 2020). Net interest margin (NIM): 2.84% (down from 3.39% in FY 2020). Cost-to-income ratio: 64.8% (up from 62.8% in FY 2020). Non-performing loans: 0.26% (down from 0.28% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.7%). In line with average of industry peers (2.6%). Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.41 (up from US$3.03 in FY 2020). Revenue: US$38.2m (up 9.5% from FY 2020). Net income: US$11.4m (up 13% from FY 2020). Profit margin: 30% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 15 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%). Recent Insider Transactions • Nov 17
Insider recently bought US$80k worth of stock On the 11th of November, Dennis Huber bought around 2k shares on-market at roughly US$40.80 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$149k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$0.88 (vs US$0.82 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$9.74m (up 7.2% from 3Q 2020). Net income: US$2.94m (up 6.9% from 3Q 2020). Profit margin: 30% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.