First Capital (FCAP) AI Stock Analysis

First Capital

(NASDAQ:FCAP)

Select Model

Rating:81Outperform

Price Target:$75.00▲(18.15% Upside)

Action:reiterated

Date:08/18/26

The score is driven primarily by strong financial performance (solid profitability, improving scale, conservative balance sheet, and supportive cash flow quality). Technicals are moderately positive with the stock trading above major moving averages and a positive MACD, while valuation is reasonable with a moderate P/E and a modest dividend yield. Corporate events add a small boost due to governance stability.

Positive Factors

Revenue growth and profitabilityExpanding revenue and sustained high margins indicate improving operating scale and earnings power. If the bank preserves customer growth and pricing discipline, this combination can support durable profitability over the next several quarters.

Negative Factors

Historical margin variabilityPast margin swings show that profitability is sensitive to operating conditions, funding costs or credit-cycle dynamics. A recurrence could reduce earnings visibility and limit the durability of the currently strong margin profile.

First Capital (FCAP) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $214.56M
Dividend Yield: 1.95%
Average Volume (3M): 19.68K
Price to Earnings (P/E): 11.2
Beta (1Y): 0.26
Revenue Growth: 10.53%
EPS Growth: 29.70%
Country: US
Employees: 176
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

First Capital Business Overview & Revenue Model

Company Description

First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers in Indiana and Kentucky, the United States. The company provides various deposit instruments...

How the Company Makes Money

FCAP primarily makes money through its banking subsidiary by earning net interest income and generating non-interest income. Net interest income is produced from the spread between interest earned on interest-earning assets (such as commercial, consu...

First Capital Financial Statement Overview

Summary

Strong overall fundamentals: rising revenue through 2025 and TTM, consistently high profitability (TTM net margin ~26.8%, EBIT margin ~33.0%), and conservative leverage with no reported debt in recent periods. Cash flow quality is solid with free cash flow closely tracking net income, though there has been some historical volatility in margins and free cash flow growth.

Income Statement

83Very Positive

Balance Sheet

88Very Positive

Cash Flow

79Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	70.28M	65.31M	58.13M	51.24M	41.87M	39.01M
Gross Profit	54.57M	49.47M	42.00M	41.08M	39.32M	38.21M
EBITDA	24.36M	21.00M	15.27M	16.08M	15.30M	14.82M
Net Income	19.07M	16.37M	11.94M	12.79M	11.90M	11.42M
Balance Sheet
Total Assets	1.27B	1.27B	1.19B	1.16B	1.15B	1.16B
Cash, Cash Equivalents and Short-Term Investments	0	391.73M	497.86M	464.37M	493.55M	479.61M
Total Debt	0	0	0	21.50M	0	0
Total Liabilities	1.14B	1.13B	1.07B	1.05B	1.07B	1.04B
Stockholders Equity	135.71M	137.80M	114.60M	105.23M	85.16M	113.83M
Cash Flow
Free Cash Flow	15.13M	19.93M	21.63M	13.54M	16.12M	21.34M
Operating Cash Flow	15.82M	21.28M	22.34M	14.16M	16.53M	21.63M
Investing Cash Flow	-16.52M	-41.83M	29.01M	-23.95M	-144.03M	-156.46M
Financing Cash Flow	38.34M	51.92M	15.90M	-17.84M	21.29M	131.45M

First Capital Technical Analysis

Technical Analysis SentimentPositive

Last Price63.48

Price Trends

50DMA62.50Positive

100DMA62.76Positive

200DMA57.89Positive

Market Momentum

MACD0.41Negative

RSI55.62Neutral

STOCH53.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCAP, the sentiment is Positive. The current price of 63.48 is above the 20-day moving average (MA) of 63.10, above the 50-day MA of 62.50, and above the 200-day MA of 57.89, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 55.62 is Neutral, neither overbought nor oversold. The STOCH value of 53.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FCAP.

First Capital Risk Analysis

First Capital disclosed 32 risk factors in its most recent earnings report. First Capital reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

First Capital Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

FCAP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FCAP	81Outperform	$209.36M	11.21	13.77%	1.95%	10.53%	29.70%
LARK	70Outperform	$195.64M	9.51	12.73%	2.57%	1.42%	18.96%
CFBK	68Neutral	$231.07M	10.06	11.74%	1.03%	-0.92%	39.31%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MNSB	67Neutral	$151.57M	11.37	7.61%	1.81%	-5.53%	―
BVFL	66Neutral	$183.77M	14.33	6.96%	―	1.48%	43.50%
CZWI	65Neutral	$224.44M	15.73	7.64%	1.33%	1.78%	-18.19%

* Financial Sector Average

Performance Comparison

FCAP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FCAP	First Capital	63.48	19.92	45.72%
CFBK	Cf Bankshares Inc	35.10	11.97	51.72%
CZWI	Citizens Community	23.77	7.65	47.46%
LARK	Landmark	31.90	8.26	34.92%
MNSB	Mainstreet Bancshares	21.73	3.49	19.13%
BVFL	BV Financial, Inc.	21.71	4.87	28.92%

First Capital Corporate Events

Executive/Board ChangesShareholder Meetings

First Capital Shareholders Back Board, Auditor and Pay Plans

Positive

May 22, 2026

First Capital held its Annual Meeting of Shareholders on May 18, 2026, where investors elected five directors—William W. Harrod, Dana L. Huber, Lou Ann Moore, Robert C. Guilfoyle and Michael C. Frederick—to three-year terms, reflecting co...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

First Capital AI Stock Analysis