First Capital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 05:00 pm EDT
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First Capital, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 8.54 million compared to USD 8.66 million a year ago. Net income was USD 3.14 million compared to USD 3.13 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 0.94 compared to USD 0.93 a year ago.
For the nine months, net interest income was USD 26.04 million compared to USD 23.24 million a year ago. Net income was USD 9.68 million compared to USD 8.36 million a year ago. Basic earnings per share from continuing operations was USD 2.89 compared to USD 2.49 a year ago. Diluted earnings per share from continuing operations was USD 2.89 compared to USD 2.49 a year ago.
First Capital, Inc. is the holding company for First Harrison Bank (the Bank). The Bank is a chartered commercial bank, which provides a variety of banking services to individuals and business customers. The Bank primarily provides real estate mortgage loans. The Bank originates mortgage loans for sale in the secondary market. The Bank also originates consumer loans and residential construction loans for the loan portfolio. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly owned subsidiaries of the Bank that jointly own First Harrison, LLC, which holds and manages an investment securities portfolio. First Harrison REIT, Inc. is a wholly owned subsidiary of First Harrison Holdings, Inc., which holds a portion of the Bankâs real estate mortgage loan portfolio. The Bank has about 18 offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Lanesville, and Charlestown and others.