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First Capital, Inc.

FCAP Financial Banks Regional

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%
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%) (below 0%: weak)
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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

First Capital, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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%

All 323 Banks Regional stocks →

First Capital, Inc. (FCAP) key facts

  • Strength: First Capital, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $65.3 million, up 12.4% from fiscal 2024.
  • First Capital, Inc. (FCAP) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, FCAP traded at $61.47, a market capitalization of $206.0 million.
  • First Capital, Inc. pays an annual dividend of $1.25 per share, a yield of 2.03%, with a payout ratio of 22.6%.
  • Return on equity was 13.0% and debt-to-equity 0.00.
  • Its Piotroski F-score is 9 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

First Capital, Inc. (FCAP) Latest News

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stockrow.com/FCAP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com