First Capital Inc (FCAP) - Net Assets
Based on the latest financial reports, First Capital Inc (FCAP) has net assets worth $132.55 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.24 Billion) and total liabilities ($1.10 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of First Capital Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $132.55 Million |
| % of Total Assets | 10.73% |
| Annual Growth Rate | 5.44% |
| 5-Year Change | 3.58% |
| 10-Year Change | 53.96% |
| Growth Volatility | 10.01 |
First Capital Inc - Net Assets Trend (1998–2024)
This chart illustrates how First Capital Inc's net assets have evolved over time, based on quarterly financial data. Also explore FCAP total asset value for the complete picture of this company's asset base.
Annual Net Assets for First Capital Inc (1998–2024)
The table below shows the annual net assets of First Capital Inc from 1998 to 2024. For live valuation and market cap data, see FCAP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $114.71 Million | +8.89% |
| 2023-12-31 | $105.34 Million | +23.54% |
| 2022-12-31 | $85.27 Million | -25.16% |
| 2021-12-31 | $113.94 Million | +2.88% |
| 2020-12-31 | $110.75 Million | +11.93% |
| 2019-12-31 | $98.95 Million | +15.11% |
| 2018-12-31 | $85.96 Million | +6.05% |
| 2017-12-31 | $81.05 Million | +6.87% |
| 2016-12-31 | $75.84 Million | +1.79% |
| 2015-12-31 | $74.51 Million | +30.18% |
| 2014-12-31 | $57.23 Million | +7.30% |
| 2013-12-31 | $53.34 Million | +0.76% |
| 2012-12-31 | $52.94 Million | +3.69% |
| 2011-12-31 | $51.05 Million | +6.35% |
| 2010-12-31 | $48.00 Million | +4.23% |
| 2009-12-31 | $46.06 Million | -3.08% |
| 2008-12-31 | $47.52 Million | +3.91% |
| 2007-12-31 | $45.74 Million | +3.74% |
| 2006-12-31 | $44.09 Million | +5.08% |
| 2005-12-31 | $41.96 Million | +3.05% |
| 2004-12-31 | $40.71 Million | -7.25% |
| 2003-12-31 | $43.90 Million | +20.82% |
| 2002-12-31 | $36.33 Million | +8.51% |
| 2001-12-31 | $33.48 Million | +7.63% |
| 2000-12-31 | $31.11 Million | +7.73% |
| 1999-12-31 | $28.88 Million | -0.18% |
| 1998-12-31 | $28.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Capital Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1083.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $105.29 Million | 91.88% |
| Common Stock | $38.00K | 0.03% |
| Other Comprehensive Income | $-22.99 Million | -20.06% |
| Other Components | $32.26 Million | 28.15% |
| Total Equity | $114.60 Million | 100.00% |
First Capital Inc Competitors by Market Cap
The table below lists competitors of First Capital Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mineralbrunnen Überkingen-Teinach GmbH & Co. KGaA
F:MUT
|
$151.25 Million |
|
TONGDAO LIEP.GR. DL-0001
F:6WT
|
$151.27 Million |
|
Solstice Minerals Ltd
AU:SLS
|
$151.27 Million |
|
Orge Enerji Elektrik Taahhut AS
IS:ORGE
|
$151.27 Million |
|
Bionime Corp
TW:4737
|
$151.21 Million |
|
Stratus Properties Inc
NASDAQ:STRS
|
$151.18 Million |
|
Barton Gold Holdings Ltd
AU:BGD
|
$151.16 Million |
|
Golden Long Teng Development Co Ltd
TWO:3188
|
$151.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Capital Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 105,233,000 to 114,599,000, a change of 9,366,000 (8.9%).
- Net income of 11,940,000 contributed positively to equity growth.
- Dividend payments of 3,768,000 reduced retained earnings.
- Share repurchases of 41,000 reduced equity.
- Other comprehensive income increased equity by 1,043,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.94 Million | +10.42% |
| Dividends Paid | $3.77 Million | -3.29% |
| Share Repurchases | $41.00K | -0.04% |
| Other Comprehensive Income | $1.04 Million | +0.91% |
| Other Changes | $192.00K | +0.17% |
| Total Change | $- | 8.90% |
Book Value vs Market Value Analysis
This analysis compares First Capital Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.59x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.68x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $20.35 | $54.56 | x |
| 1999-12-31 | $20.30 | $54.56 | x |
| 2000-12-31 | $11.50 | $54.56 | x |
| 2001-12-31 | $12.28 | $54.56 | x |
| 2002-12-31 | $13.20 | $54.56 | x |
| 2003-12-31 | $14.57 | $54.56 | x |
| 2004-12-31 | $13.27 | $54.56 | x |
| 2005-12-31 | $14.68 | $54.56 | x |
| 2006-12-31 | $15.46 | $54.56 | x |
| 2007-12-31 | $16.09 | $54.56 | x |
| 2008-12-31 | $16.88 | $54.56 | x |
| 2009-12-31 | $16.50 | $54.56 | x |
| 2010-12-31 | $17.19 | $54.56 | x |
| 2011-12-31 | $18.28 | $54.56 | x |
| 2012-12-31 | $18.97 | $54.56 | x |
| 2013-12-31 | $19.11 | $54.56 | x |
| 2014-12-31 | $20.73 | $54.56 | x |
| 2015-12-31 | $26.72 | $54.56 | x |
| 2016-12-31 | $22.65 | $54.56 | x |
| 2017-12-31 | $24.31 | $54.56 | x |
| 2018-12-31 | $25.74 | $54.56 | x |
| 2019-12-31 | $29.56 | $54.56 | x |
| 2020-12-31 | $33.03 | $54.56 | x |
| 2021-12-31 | $34.01 | $54.56 | x |
| 2022-12-31 | $25.38 | $54.56 | x |
| 2023-12-31 | $31.44 | $54.56 | x |
| 2024-12-31 | $34.25 | $54.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Capital Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.54%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.36x
- Recent ROE (10.42%) is above the historical average (8.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 6.93% | 204.49% | 0.01x | 6.61x | $-887.00K |
| 1999 | 6.13% | 10.97% | 0.07x | 7.72x | $-1.12 Million |
| 2000 | 7.90% | 13.23% | 0.07x | 7.99x | $-652.61K |
| 2001 | 9.26% | 15.00% | 0.07x | 8.45x | $-248.82K |
| 2002 | 8.94% | 15.73% | 0.07x | 8.49x | $-384.62K |
| 2003 | 8.05% | 14.98% | 0.06x | 9.32x | $-856.46K |
| 2004 | 8.43% | 13.85% | 0.06x | 10.45x | $-640.05K |
| 2005 | 8.79% | 13.83% | 0.06x | 10.45x | $-507.70K |
| 2006 | 8.41% | 12.49% | 0.06x | 10.37x | $-700.90K |
| 2007 | 7.46% | 11.15% | 0.07x | 9.91x | $-1.16 Million |
| 2008 | 7.51% | 12.20% | 0.06x | 9.65x | $-1.18 Million |
| 2009 | 1.67% | 2.91% | 0.06x | 9.91x | $-3.83 Million |
| 2010 | 8.07% | 15.02% | 0.06x | 9.45x | $-924.30K |
| 2011 | 7.80% | 16.33% | 0.06x | 8.62x | $-1.12 Million |
| 2012 | 7.42% | 16.81% | 0.05x | 8.69x | $-1.36 Million |
| 2013 | 9.53% | 22.01% | 0.05x | 8.35x | $-248.70K |
| 2014 | 9.79% | 23.97% | 0.05x | 8.28x | $-118.10K |
| 2015 | 6.99% | 21.96% | 0.03x | 9.62x | $-2.24 Million |
| 2016 | 9.06% | 22.06% | 0.04x | 9.82x | $-709.00K |
| 2017 | 9.19% | 22.68% | 0.04x | 9.38x | $-654.80K |
| 2018 | 10.78% | 26.76% | 0.04x | 9.25x | $668.60K |
| 2019 | 10.45% | 26.69% | 0.05x | 8.37x | $441.40K |
| 2020 | 9.16% | 26.50% | 0.04x | 9.20x | $-932.90K |
| 2021 | 10.04% | 29.28% | 0.03x | 10.16x | $41.20K |
| 2022 | 13.98% | 28.43% | 0.04x | 13.52x | $3.39 Million |
| 2023 | 12.15% | 24.96% | 0.04x | 11.00x | $2.27 Million |
| 2024 | 10.42% | 20.54% | 0.05x | 10.36x | $480.10K |
Industry Comparison
This section compares First Capital Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Capital Inc (FCAP) | $132.55 Million | 6.93% | 8.32x | $151.22 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About First Capital Inc
First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers in Indiana and Kentucky, the United States. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certifica… Read more