First Capital, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 23, 2020 at 09:46 pm
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First Capital, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 7.447 million compared to USD 7.176 million a year ago. Net income was USD 2.403 million compared to USD 2.496 million a year ago. Basic earnings per share was USD 0.72 compared to USD 0.75 a year ago.
For the full year, net interest income was USD 30.094 million compared to USD 27.275 million a year ago. Net income was USD 10.325 million compared to USD 9.253 million a year ago. Basic earnings per share was USD 3.1 compared to USD 2.78 a year ago. Diluted earnings per share was USD 3.09 compared to USD 2.77 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.