First Capital Inc. Reports Q3 Net Income of $4.5 Million
First Capital Inc. reported net income of $4.5 million for the quarter ended September 30, 2025, compared to $2.9 million for the same period in 2024. For the nine months ended September 30, 2025, the provision for credit losses decreased to $794,000 from $1.1 million in the previous year, attributed to a reduction in non-performing loans and management's assessment of the macroeconomic environment. Net charge-offs for the nine-month period were $214,000 in 2025 and $149,000 in 2024. Noninterest income increased by $506,000 for the quarter ended September 30, 2025, compared to the previous year. This increase was driven by a $150,000 gain on equity securities, compared to a $196,000 loss in the same quarter of 2024, as well as a $119,000 increase in gains on sale of loans and a $47,000 rise in ATM and debit card fee income. These were partially offset by a net $39,000 loss on sale of available for sale securities during the quarter.
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