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First Capital
(NASDAQ:FCAP)
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Rating:81Outperform
Price Target:
$75.00
▲(22.27% 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 profitability
Expanding 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 variability
Past 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and profitability
Expanding 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.
Read all positive factors
First Capital (FCAP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$207.50M
Dividend Yield2.02%
Average Volume (3M)3.32K
Price to Earnings (P/E)11.1
Beta (1Y)0.19
Revenue Growth10.84%
EPS Growth40.36%
CountryUS
Employees176
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.53
Shares Outstanding3,344,625
10 Day Avg. Volume2,805
30 Day Avg. Volume3,318
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.44
Price to Sales (P/S)3.03
P/FCF Ratio9.94
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 instrume...
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, co...
First Capital Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 68.86M | 65.31M | 58.13M | 51.24M | 41.87M | 39.01M |
| Gross Profit | 53.24M | 49.47M | 42.00M | 41.08M | 39.32M | 38.21M |
| EBITDA | 23.55M | 21.00M | 15.27M | 16.08M | 15.30M | 14.82M |
| Net Income | 18.45M | 16.37M | 11.94M | 12.79M | 11.90M | 11.42M |
Balance Sheet | ||||||
| Total Assets | 1.29B | 1.27B | 1.19B | 1.16B | 1.15B | 1.16B |
| Cash, Cash Equivalents and Short-Term Investments | 563.73M | 391.73M | 497.86M | 464.37M | 493.55M | 479.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 21.50M | 0.00 | 0.00 |
| Total Liabilities | 1.15B | 1.13B | 1.07B | 1.05B | 1.07B | 1.04B |
| Stockholders Equity | 142.51M | 137.80M | 114.60M | 105.23M | 85.16M | 113.83M |
Cash Flow | ||||||
| Free Cash Flow | 23.56M | 19.93M | 21.63M | 13.54M | 16.12M | 21.34M |
| Operating Cash Flow | 23.77M | 21.28M | 22.34M | 14.16M | 16.53M | 21.63M |
| Investing Cash Flow | -29.89M | -41.83M | 29.01M | -23.95M | -144.03M | -156.46M |
| Financing Cash Flow | 21.34M | 51.92M | 15.90M | -17.84M | 21.29M | 131.45M |
First Capital Technical Analysis
Neutral
61.34
Price Trends
63.20
Negative
59.79
Positive
55.84
Positive
Market Momentum
-0.25
Positive
40.98
Neutral
7.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FCAP, the sentiment is Neutral. The current price of 61.34 is below the 20-day moving average (MA) of 63.77, below the 50-day MA of 63.20, and above the 200-day MA of 55.84, indicating a neutral trend. The MACD of -0.25 indicates Positive momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 7.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $207.50M | 11.09 | 13.40% | 2.04% | 10.84% | 40.36% | |
73 Outperform | $196.68M | 9.54 | 12.49% | 2.60% | 3.33% | 22.98% | |
68 Neutral | $225.02M | 11.85 | 10.09% | 1.05% | -0.39% | 4.70% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $180.72M | 13.61 | 7.07% | ― | 3.34% | 48.71% | |
60 Neutral | $176.53M | 12.27 | 8.00% | 1.71% | -6.41% | ― | |
58 Neutral | $201.21M | 15.85 | 6.77% | 0.89% | 0.77% | 6.16% |
* Financial Sector Average
FCAP
First Capital
62.23
23.24
59.60%
CFBK
CF Bankshares
34.48
10.24
42.23%
CZWI
Citizens Community Bancorp
20.87
4.74
29.39%
LARK
Landmark Bancorp
31.66
7.01
28.43%
MNSB
MainStreet Bancshares
25.23
3.06
13.81%
BVFL
BV Financial, Inc.
21.36
4.61
27.52%
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...
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.