Core Points - First Capital, Inc. reported a net income of $4.5 million, or $1.34 per diluted share, for Q3 2025, an increase from $2.9 million, or $0.87 per diluted share, in Q3 2024 [1][7][24] Financial Performance for Q3 2025 vs. Q3 2024 - Net interest income after provision for credit losses increased by $2.1 million, driven by a rise in interest income of $1.4 million due to an increase in average tax-equivalent yield on interest-earning assets from 4.59% to 4.94% and an increase in the average balance of interest-earning assets from $1.17 billion to $1.20 billion [2] - Interest expense decreased by $397,000, with the average cost of interest-bearing liabilities falling from 1.87% to 1.66% [2] - The tax-equivalent net interest margin improved from 3.19% to 3.71% [2] Provision for Credit Losses - The provision for credit losses decreased from $463,000 in Q3 2024 to $150,000 in Q3 2025, with net charge-offs of $17,000 and $64,000 for the respective quarters [3][10] Noninterest Income and Expenses - Noninterest income rose by $506,000, primarily due to a $150,000 gain on equity securities compared to a $196,000 loss in the previous year [4] - Noninterest expenses increased by $540,000, mainly due to higher occupancy and equipment expenses ($331,000) and compensation and benefits ($202,000) [5] Income Tax Expense - Income tax expense increased by $530,000, resulting in an effective tax rate of 19.2% for Q3 2025, up from 15.6% in Q3 2024 [6] Financial Performance for Nine Months Ended September 30, 2025 vs. 2024 - For the nine months ended September 30, 2025, net income was $11.5 million, or $3.43 per diluted share, compared to $8.7 million, or $2.59 per diluted share, in the same period of 2024 [7] - Net interest income after provision for credit losses increased by $4.9 million, with interest income rising by $4.8 million due to an increase in average tax-equivalent yield from 4.44% to 4.80% [8] - Noninterest income increased by $450,000, primarily due to a $127,000 gain on equity securities compared to a loss of $270,000 in the previous year [11] - Noninterest expenses rose by $1.5 million, largely due to increases in compensation and benefits ($769,000) and occupancy and equipment expenses ($560,000) [12] Balance Sheet Highlights - Total assets increased to $1.24 billion at September 30, 2025, up from $1.19 billion at December 31, 2024 [14] - Deposits rose by $28.3 million, from $1.07 billion to $1.09 billion [14] - Nonperforming assets decreased from $4.4 million to $3.9 million [14]