Overview

* First Capital ( FCAP ) Q2 net income rises to $3.8 mln from $2.8 mln yr/yr

* Q2 Net interest incomeafter provision for credit losses increases by $1.8 mln, boosting profitability

Result Drivers

* INTEREST INCOME - Increase in average tax-equivalent yieldon interest-earning assets and averagebalance of interest-earning assets boosts interest income

* CREDIT LOSSES - Provision for credit losses decreased, reflecting improved credit conditions

* NONINTEREST EXPENSES - Rise in compensation, benefits, and operational costs contributes to higher noninterest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $3.78

Income mln

Q2 Net $10.41

Interest mln

Income

Q2 Net 3.52%

Interest

Margin

Q2 $4.63

Pretax mln

Profit

Q2 $306,000

Provisio

n For

Credit

Losses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)