First Capital Inc（FCAP）のニュースとイベントFCAPFirst Capital Inc

First Bancorp and First Capital Merge in $33.2M All-Stock Deal

First Capital and First Bancorp of Indian entered into a definitive merger agreement pursuant to which First Bancorp will merge with and into First Capital in an all-stock transaction valued at approximately $33.2M, based upon the 20-day volume-weighted average closing price of First Capital as of November 4 of $63.05 per share. Following the merger of First Bancorp with and into First Capital, First Federal Savings Bank will merge with and into First Harrison Bank. First Bancorp, headquartered in Evansville, Indiana, is the holding company for First Federal Savings Bank, an Indiana state-chartered commercial bank and wholly-owned subsidiary of First Bancorp that currently operates ten offices across Southern Indiana and Western Kentucky. As of September 30, First Bancorp had approximately $583M in total assets, $444M in gross loans, $473M in deposits and $33M of total equity. Under the terms of the agreement, which was unanimously approved by the boards of both companies, First Bancorp shareholders will be entitled to receive a fixed exchange ratio of 0.3075 shares of First Capital common stock for each First Bancorp common share. As of November 4, based upon the 20-day volume-weighted average closing price of First Capital of $63.05 per share, the transaction is valued at approximately $33.2M. The transaction is expected to be completed in the first half of 2027, subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of First Bancorp shareholders.

First Capital Raises Quarterly Dividend by 6.9% to 31 Cents per Share

The board of directors of First Capital has declared a quarterly cash dividend of 31c per share of common stock, according to Michael Frederick, president and CEO. The dividend will be paid on September 26 to shareholders of record as of September 12. This represents an increase of 2c per share, or 6.9%, compared to the most recent dividend paid on June 27.

First Capital reports Q2 EPS $1.13 vs. 85c last year

The company said, "Net interest income after provision for credit losses increased $1.8 million for the quarter ended June 30, 2025 compared to the same period in 2024. Interest income increased $1.8 million when comparing the two periods due to an increase in the average tax-equivalent yield on interest-earning assets from 4.42% for the quarter ended June 30, 2024 to 4.82% for the same period in 2025, in addition to an increase in the average balance of interest-earning assets from $1.12 billion for the quarter ended June 30, 2024 to $1.18 billion for the same period in 2025. Interest expense increased $67,000 when comparing the two periods. The average cost of interest-bearing liabilities decreased from 1.71% for the quarter ended June 30, 2024 to 1.64% for the same period in 2025, while the average balance of interest-bearing liabilities increased from $830.7 million for the quarter ended June 30, 2024 to $883.8 million for the same period in 2025. As a result of the changes in interest-earning assets and interest-bearing liabilities, the tax-equivalent net interest margin increased from 3.15% for the quarter ended June 30, 2024 to 3.59% for the same period in 2025."