第一资本 2026年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period endedMarch 31, 2026OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACTOF 1934 For the transition period fromtoCommission File No.0-25023First Capital,Inc.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section13(a)of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:3,345,531 shares of common stock were outstanding as of April 30, 2026. FIRST CAPITAL,INC. INDEX Part IFinancial InformationPage Item 1. Consolidated Financial StatementsConsolidated Balance Sheets as of March 31, 2026 and December 31, 2025 (unaudited)3Consolidated Statements of Income for the three months ended March 31, 2026 and 2025 (unaudited)4Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and2025 (unaudited)5Consolidated Statements of Changes in Stockholders’ Equity for the three months ended March 31,2026 and 2025 (unaudited)6Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025(unaudited)7Notes to Consolidated Financial Statements (unaudited)8-28Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations29-31Item 3. Quantitative and Qualitative Disclosures About Market Risk32-33Item 4. Controls and Procedures34Part IIOther Information35Item 1. Legal Proceedings35Item 1A. Risk Factors35Item 2. Unregistered Sales of Equity Securities and Use of Proceeds35Item 3. Defaults Upon Senior Securities35Item 4. Mine Safety Disclosures35Item 5. Other Information35Item 6. Exhibits36Signatures PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF INCOME(Unaudited) Three Months EndedMarch31,(In thousands, except per share data)20262025INTEREST INCOMELoans, including fees$10,442$9,774Securities:Taxable2,7131,834Tax-exempt703649Dividends2426Interest bearing deposits with banks1,0421,063Total interest income14,92413,346INTEREST EXPENSEDeposits3,5063,765Total interest expense3,5063,765Net interest income11,4189,581Provision for credit losses350338Net interest income after provision for credit losses11,0689,243NONINTEREST INCOMEService charges on deposit accounts592593ATM and debit card fees1,0811,036Loss on sale of securities(92)(55)Unrealized gain on equity securities17818Gain on sale of loans13389Increase in cash surrender value of life insurance5772Other income9995Total noninterest income2,0481,848NONINTEREST EXPENSECompensation and benefits4,3374,102Occupancy and equipment634623Data processing1,0961,108Professional fees527286Advertising7274Other expenses1,087988Total noninterest expense7,7537,181Income before income taxes5,3633,910Income tax expense1,030672Net Income4,3333,238Less: net income attributable to noncontrolling interest in subsidiary33Net Income Attributable to First Capital, Inc.$4,330$3,235Earnings per common share attributable to First Capital, Inc.:Basic$1.30$0.97Diluted$1.30$0.97Dividends per share$0.31$0.29See accompanying notes to consolidated financial statements. PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(Unaudited) PART I – FINANCIAL INFORMATIONFIRST CAPITAL, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) FIRST CAPITAL,INC.NOTESTO CONSOLIDATED FINANCIAL STATEMENTS(Unaudit