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First Capital Q2 Profit Rises

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

First Capital Inc. (FCAP) Thursday reported an increase in profit for the second quarter, due mainly to higher non-interest income and lower loan loss provisions.

The Corydon, Indiana-based company's attributable net profit for the second quarter was $1.04 million or $0.37 per share, compared to $941 thousand or $0.34 per share last year.

Net interest income for the quarter dropped to $4.03 million from $4.14 million in the year-ago quarter. Total non-interest income grew to $1.10 million from $955 thousand in the prior-year quarter.

Loan loss provisions for the quarter decreased to $300 thousand from $425 thousand last year.

Non-interest expense for the quarter edged down to $3.36 million from $3.37 million in the prior-year quarter.

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