First Capital (FCAP) investor relations material

Executive summary

• Net income for Q2 2026 was $4.8 million ($1.43 per diluted share), up from $3.8 million ($1.13 per diluted share) in Q2 2025; six-month net income was $9.1 million ($2.72 per diluted share), up from $7.0 million ($2.09 per diluted share) year-over-year.

• Growth in net interest income, higher noninterest income, and controlled interest expense contributed to improved profitability.

• Total assets increased by $18.0 million to $1.29 billion as of June 30, 2026, driven by loan growth and higher cash balances.

• Total deposits rose by $13.7 million to $1.14 billion, with increases in interest-bearing and savings accounts.

Financial highlights

• Net interest income after provision for credit losses increased by $1.6 million for Q2 and $3.4 million for the six months, driven by higher yields and asset growth.

• Total interest income rose $1.6 million in Q2 and $3.2 million for the six months, with net interest margin expanding to 3.98% in Q2 and 3.90% for the six months.

• Noninterest income increased by $187,000 in Q2 and $387,000 for the six months, mainly due to gains on equity securities and higher service charges.

• Noninterest expense rose by $359,000 in Q2 and $931,000 for the six months, primarily from higher compensation, advertising, and other expenses.

• Provision for credit losses increased to $425,000 in Q2 and $775,000 for the six months, reflecting management's analysis of loan portfolios and higher ACL requirements.

Outlook and guidance

• Management expects continued focus on loan growth, deposit retention, and investment portfolio optimization.

• The company intends to maintain strong capital and liquidity positions, with ongoing monitoring of interest rate and credit risk.

• Management highlights ongoing monitoring of credit quality and portfolio positioning for future yield improvements.

• Forward-looking statements caution about economic, regulatory, and competitive risks.