FIRST CAPITAL Business Summary

First Capital, Inc. (NASDAQ: FCAP) operates as the bank holding company for First Harrison Bank, a community-focused financial institution serving Southern Indiana and the Louisville, Kentucky metropolitan area. The company generates revenue primarily through net interest income, leveraging a diversified loan portfolio that includes commercial real estate, residential mortgages, and consumer lending, supported by a stable core deposit base. Revenue is further supplemented by non-interest income streams, specifically service charges on deposit accounts, ATM and debit card fees, and gains from the sale of mortgage loans in the secondary market. Within the competitive landscape of regional and community banks, FCAP competes directly with South Plains Financial (SPFI), Shore Bancshares (SHBI), and Alerus Financial (ALRS). The company maintains a conservative market position, focusing on high-touch relationship banking and local market expertise to differentiate itself from larger national competitors. The leadership team is led by Michael Chris Frederick, who serves as President, Chief Executive Officer, and Director, having transitioned into the top executive role in July 2023 to drive the bank’s strategic growth and operational efficiency. The executive suite includes Joshua Stevens, a Certified Public Accountant, as Chief Financial Officer, and Angela Jett as Chief Operating Officer, both of whom oversee the firm’s financial planning and day-to-day banking operations. The board of directors, chaired by Michael Shireman, includes notable regional figures such as Kathryn Ernstberger and Jill Saegesser, providing deep governance and academic expertise. While the company is characterized by strong local ties, it maintains a professional investor base with significant institutional holdings from firms such as BlackRock and Vanguard, alongside meaningful insider ownership that aligns management interests with long-term shareholder value.