First Capital, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 23, 2019 at 04:30 pm
Share
First Capital, Inc. announces unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest income of $7,626,000 against $6,773,000 a year ago. Net interest income was $7,176,000 against $6,429,000 a year ago. Net income was $2,499,000 against $1,590,000 a year ago. Basic net income per share attributable to company shareholders was $0.75 against $0.48 a year ago.
For the year, the company reported total interest income of $28,886,000 against $26,422,000 a year ago. Net interest income was $27,275,000 against $25,030,000 a year ago. Net income was $9,266,000 against $7,452,000 a year ago. Basic net income per share attributable to company shareholders was $2.78 against $2.24 a year ago. Diluted net income per share attributable to company shareholders was $2.77 against $2.23 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.