Company Overview
First Capital, Inc. functions as a bank holding company that oversees the operations of First Harrison Bank, an entity dedicated to delivering a comprehensive suite of banking services to both individual and business clientele within Indiana and Kentucky. Operating within the Financial Services sector and specifically the Banks - Regional industry, the company manages various deposit instruments, such as non-interest-bearing checking accounts, alongside other financial products for its customer base. The organization holds a market capitalization of $165.64M and generates annual revenue of $49.47M, while the employee count is currently listed as N/A. These valuation and revenue figures indicate that the company occupies a mid-sized position within the regional banking landscape, reflecting a scale that serves a localized geographic footprint rather than competing in the national or international banking arena.
Financial Health
The company reported revenue of $49.47M and net income of $16.37M over the trailing twelve months, with EBITDA metrics listed as N/A. The significant disparity between the revenue figure and the net income figure reveals a cost structure where operating expenses consume approximately 66.9% of total revenue before arriving at the final profit, which is typical for banking institutions where interest expense and overhead are substantial. While free cash flow is listed as N/A, the company maintains a cash position of $138.76M, suggesting a robust liquidity buffer that provides flexibility for lending operations and regulatory reserves despite the lack of specific cash flow data in the provided metrics. The company reports a gross margin of 0.0%, an operating margin of 44.3%, and a profit margin of 33.1%, where the zero gross margin reflects the standard accounting treatment for financial intermediaries that pass through interest costs rather than manufacturing goods, while the high operating and profit margins demonstrate efficient cost management relative to the revenue generated. When comparing total cash of $138.76M against total debt which is listed as N/A, and noting that the debt-to-equity ratio is N/A, the balance sheet appears conservative given the substantial cash reserves held against unlisted leverage levels. The current ratio is listed as N/A, preventing a direct assessment of short-term liquidity ratios, though the high cash balance implies strong immediate solvency. Furthermore, the Return on Equity stands at 13.0% and the Return on Assets is 1.3%, metrics that reveal management is generating a solid return on shareholders' capital relative to the low asset base typical of regional banks, though the ROA indicates the efficiency of asset utilization across the broader balance sheet.
Valuation Assessment
First Capital, Inc. carries a trailing P/E ratio of 10.10, while the forward P/E is listed as N/A, implying that analysts or the market do not have a specific forward earnings trajectory projected in the available data to contrast with current valuations. The price-to-book ratio is 1.20, indicating that the market values the company at 20% above its book value, suggesting a slight premium for the quality of its loan portfolio and deposit franchise within the regional market. Alternative valuation metrics include a price-to-sales ratio of 3.35 and an EV/EBITDA of N/A, where the P/S ratio suggests the market is willing to pay a moderate multiple relative to revenue, while the absence of EV/EBITDA data limits the ability to assess enterprise value efficiency against earnings. The stock has traded between a 52-week high of $71.00 and a 52-week low of $33.73, and without the specific current share price provided in the facts, the relative position cannot be calculated, but the range demonstrates significant volatility over the past year. The beta value is 0.65, which indicates that the stock price is less volatile than the broader market, moving at approximately 35% of the intensity of a beta of 1.0 during periods of market fluctuation.
Growth & Income
Over the trailing twelve months, revenue growth stood at 19.5% and earnings growth was 49.8%, showing that earnings are expanding at a pace nearly 2.5 times faster than revenue, which often implies improving operational leverage or favorable changes in the mix of loan and deposit products. The company offers a dividend yield of 2.5% and maintains a payout ratio of 24.5%, indicating that the dividend is highly sustainable as it covers less than a quarter of the annual earnings, leaving ample room for retention or special distributions. This conservative payout structure suggests a preference for returning capital to shareholders while retaining significant earnings to fund organic growth within the regional banking sector. Overall, the growth and income profile is characterized by double-digit earnings expansion that significantly outpaces revenue growth, supported by a low-yield but safe dividend that provides income stability without compromising capital reserves.