Saturday 17 October 2026 Export FCAP’s income statement to Excel — free account

First Capital, Inc.

First Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $65.3 million, up 12.4% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS grew 26.6% and free cash flow grew 2.66%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years, revenue growth for five.

61.47 0.12 −0.19%

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Market cap: $206.0M
P/E: 11.1×
Fwd P/E: 0.0×
Dividend yield: 2.03%
F-score: 9/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 3.78%

Capital & Financial Ratios $m

Market Cap 206.00

Revenue 68.86

Net Income 18.46

Free Cash Flow 21.71

Net Debt (151.04)

Current Ratio 0.72

Debt/Equity 0.00

P/E ratio 11.12

Fwd P/E 0.00

P/S ratio 2.98

P/B ratio 1.44

Past 5Y EPS Growth 10.12%

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (100.00%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 34.80%

10-year low 10-year high

P/S against its own 10 years 38.30%

10-year low 10-year high

P/B against its own 10 years 61.44%

10-year low 10-year high

Dividends

Payout Ratio 0.23

Annual Dividend Rate 1.25

Annual Dividend Yield 2.03%

	total	individual payouts
2026	0.94	0.31 0.31 0.32
2025	1.20	0.29 0.29 0.31 0.31
2024	1.12	0.27 0.27 0.29 0.29
2023	1.08	0.27 0.27 0.27 0.27
2022	1.04	0.26 0.26 0.26 0.26
2021	1.04	0.26 0.26 0.26 0.26
2020	0.96	0.24 0.24 0.24 0.24
2019	0.95	0.23 0.24 0.24 0.24
2018	0.92	0.23 0.23 0.23 0.23
2017	0.86	0.21 0.21 0.22 0.22
2016	0.84	0.21 0.21 0.21 0.21

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	43	109	139	151
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	663	745	799	826

	2023	2024	2025	Q'26
Payables	1,025	1,066	1,123	1,137
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,031	1,073	1,134	1,147

Compound Annual Growth %

	10y	5y	3y
Sales	10.60%	11.30%	15.98%
Cash Flow	13.49%	12.03%	8.79%
Earnings	12.15%	10.07%	11.20%
Book Value	6.35%	4.48%	17.38%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	17	18	—	—	—
’25	15	16	17	17	65
’24	14	14	15	15	58
’23	12	12	13	13	51
’22	9	10	11	12	42
’21	10	10	10	10	39
’20	9	10	10	10	38

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	4	—	—	—
’25	4	4	8	5	21
’24	7	3	8	4	22
’23	5	2	6	1	14
’22	3	4	5	4	17
’21	8	2	6	6	22
’20	5	0	5	3	12

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	4	—	—	—
’25	4	3	8	5	20
’24	7	3	7	4	22
’23	5	2	5	1	14
’22	3	4	5	4	16
’21	8	2	6	6	21
’20	4	0	5	3	11

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.30	1.43	—	—	—
’25	0.97	1.13	1.34	1.46	4.89
’24	0.88	0.85	0.87	0.97	3.57
’23	1.14	0.82	0.94	0.93	3.82
’22	0.75	0.81	0.93	1.05	3.55
’21	0.88	0.82	0.88	0.84	3.41
’20	0.63	0.73	0.82	0.85	3.02

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.50	28.97	33.72	38.00	42.72	39.00	22.97	22.85	26.03	30.49	Analyst estimates 2026–2028 Powerpack
	High	35.00	37.08	47.42	75.28	81.71	61.61	41.67	37.90	38.00	71.00
People
People	Employees	204	206	210	214	214	221	214	212	212	216
	Revenue/emp, $m	0.15	0.16	0.17	0.18	0.18	0.18	0.20	0.24	0.27	0.30
Income, $m
Income, $m	Revenue	31	33	35	39	38	39	42	51	58	65
	Gross margin, %	94.36	95.80	95.40	94.97	95.92	97.11	96.19	82.40	74.74	77.50
	EBT	9	11	11	12	12	14	14	15	14	20
	EBT margin, %	30.07	31.87	30.41	31.62	30.95	35.06	34.00	29.38	24.38	30.48
	Net income	7	7	9	10	10	11	12	13	12	16
	Depreciation	2	3	3	3	4	4	3	5	4	5
Per share, $
Per share, $	Revenue	9.36	9.96	10.53	11.70	11.45	11.66	12.48	15.31	17.37	19.52
	Earnings	2.05	2.24	2.78	3.10	3.03	3.41	3.55	3.82	3.57	4.89
	Cash flow	2.47	4.04	4.01	4.22	3.61	6.46	4.93	4.23	6.68	6.36
	Capex	(0.59)	(0.38)	(0.12)	(0.89)	(0.18)	(0.07)	(0.12)	(0.19)	(0.21)	(0.40)
	Free cash flow	1.88	3.65	3.89	3.33	3.43	6.40	4.80	4.04	6.47	5.96
	Book value	22.70	24.38	25.83	29.69	33.16	34.05	25.42	31.47	34.28	41.22
	Shares, m	3	3	3	3	3	3	3	3	3	3
Valuation, ×
Valuation, ×	P/E	15.96	16.35	15.28	23.62	19.99	11.84	7.06	7.17	9.03	12.08
	P/S	3.50	3.66	4.03	6.24	5.29	3.47	2.00	1.79	1.86	3.03
	P/B	1.44	1.50	1.64	2.46	1.83	1.19	0.98	0.87	0.94	1.44
	EV/Sales	1.73	2.90	2.93	5.01	0.52	(1.07)	0.33	1.38	0.57	1.42
	EV/FCF	8.58	7.90	7.92	17.60	1.74	(1.95)	0.86	5.23	1.52	4.66
Cash, $m
Cash, $m	Operating cash flow	8	13	13	14	12	22	17	14	22	21
	Capex	(2)	(1)	0	(3)	(1)	0	0	(1)	(1)	(1)
	Free cash flow	6	12	13	11	11	21	16	14	22	20
Balance, $m
Balance, $m	Working capital	(219)	(218)	(219)	(197)	(213)	(376)	(433)	(368)	(328)	(335)
	Total debt	—	10	—	—	0	0	0	22	—	—
	Net debt	(61)	(25)	(49)	(58)	(182)	(177)	(70)	(21)	(109)	(139)
	Shareholders’ equity	76	81	86	99	111	114	85	105	115	138
Returns, %
Returns, %	ROA	0.94	0.99	1.19	1.27	1.10	1.05	1.03	1.11	1.02	1.33
	ROIC	38.66	11.81	17.94	18.74	0.00	0.00	58.17	11.16	145.20	0.00
	ROE	9.13	9.48	11.08	11.17	9.66	10.17	11.95	13.42	10.85	12.96

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OPBK OP Bancorp	$221.8M	7.6×	7.5×	+5.31% (above 0%: growing)	+28.57% (above 0%: growing)	+3.10% (above 0%: growing)	58.66%	0.00%	Compare
MRBK Meridian Bank	$219.6M	9.9×	9.5×	−3.50% (below 0%: shrinking)	−2.00% (below 0%: shrinking)	+88.96% (above 0%: growing)	64.49%	0.00%	Compare
CFBK CF Bankshares Inc.	$217.9M	11.5×	8.1×	−0.68% (below 0%: shrinking)	+18.18% (above 0%: growing)	−35.84% (below 0%: shrinking)	52.15%	0.00%	Compare
OVBC Ohio Valley Banc Corp.	$217.2M	15.3×	11.0×	+11.63% (above 0%: growing)	−30.34% (below 0%: shrinking)	−91.53% (below 0%: shrinking)	69.70%	0.00%	Compare
FCAP First Capital, Inc.	$206.0M	11.1×	— (loss-making)	+11.02% (above 0%: growing)	+26.55% (above 0%: growing)	+2.66% (above 0%: growing)	80.17%	0.00%
CZWI Citizens Community Bancorp, Inc.	$203.7M	16.2×	11.4×	−2.75% (below 0%: shrinking)	−66.67% (below 0%: shrinking)	+1,134.94% (above 0%: growing)	65.38%	0.00%	Compare
RBKB Rhinebeck Bancorp, Inc.	$200.9M	17.9×	—	+2.17% (above 0%: growing)	−5.03% (below 0%: shrinking)	+145.41% (above 0%: growing)	71.31%	0.00%	Compare
CBFV CB Financial Services, Inc.	$194.0M	26.3×	11.5×	+11.11% (above 0%: growing)	+7.59% (above 0%: growing)	+89.91% (above 0%: growing)	70.87%	0.00%	Compare
LARK Landmark Bancorp Inc.	$192.5M	9.5×	5.6×	+2.62% (above 0%: growing)	+21.58% (above 0%: growing)	+828.81% (above 0%: growing)	78.76%	0.00%	Compare
Median of peers	$210.5M	13.4×	9.5×	+2.40%	+2.79%	+89.44%	67.54%	0.00%

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