FCAP
First Capital, Inc.Financial Services·Banks - Regional
$61.81
$207M market cap
Revenue
$34.1M
Free Cash Flow
$10.4M
Rev Growth
+0.0%
FCF Margin
30.5%
P/FCF
19.9x
EV/FCF
-19.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
First Capital, Inc. operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans. It also provides real estate mortgage loans, such as fixed-rate and adjustable rate mortgage resid
2-Year Price History
$54.31+93.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 17.0 | 5.4 | 5.4 | 4.3 | 6.3 | 5.9 | -0.5 | 409.6 | 0.0 | 3.3 | 39.1% | 1.5x | -- |
| Act | 2025-Q4 | 17.1 | 5.8 | 5.8 | 4.9 | 5.2 | 4.5 | -0.7 | 391.7 | 0.0 | 3.3 | 43.6% | 1.6x | -- |
Valuation & Metrics
Market Stats
Price$61.81
Market Cap$207M
Enterprise Value$-203M
P/S Ratio6.1x
P/FCF19.9x
EV/FCF-19.5x
FCF Margin (TTM)30.5%
FCF Yield5.0%
Dividend Yield (TTM)2.5%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$34.1M
Net Income$9.2M
Free Cash Flow$10.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin32.8%
Net Margin27.0%
FCF Margin30.5%
CapEx % of Revenue3.5%
SBC % of Revenue0.1%
ROIC41.4%
WC Change % Rev0.4%
Interest Coverage1.6x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover20.5
Change (vs Prior)-5.3%
Need at least 2 settlement dates for chart
Employees
Headcount173
Revenue / Employee$196,925
Gross Profit / Employee$151,792
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
9.2%(+0.8% YoY)
49 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
14.7%(+11.9% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.3% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $8.6M | $42.54 | +$72K | +$7.8M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $7.4M | $49.63 | +$7.4M | +$7.4M | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.0M | $38.57 | +$147K | +$2.1M | +2.3% | $1.61T |
| Siena Capital Partners GP, LLC | $3.2M | $28.07 | −$56K | −$1.9M | -0.4% | $385M |
| STATE STREET CORPPassive | $2.3M | $45.79 | +$45K | +$1.8M | -0.2% | $2.89T |
| Farther Finance Advisors, LLC | $1.9M | $51.98 | −$535K | +$1.9M | -0.9% | $10.58B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.8M | $36.67 | +$58K | +$255K | -2.3% | $4.93B |
| HighTower Advisors, LLC | $1.4M | $49.63 | +$0 | +$0 | -0.2% | $93.93B |
| DIMENSIONAL FUND ADVISORS LPPassive | $1.2M | $36.19 | +$37K | +$238K | -0.4% | $480.92B |
| NORTHERN TRUST CORPPassive | $1.2M | $40.96 | +$45K | +$896K | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $1.0M | $49.63 | +$1.0M | +$1.0M | — | $395.83B |
| Empowered Funds, LLC | $965K | $31.90 | +$58K | +$186K | +0.2% | $15.64B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $935K | $49.63 | +$935K | +$935K | — | $1.91T |
| RAYMOND JAMES FINANCIAL INC | $646K | $36.08 | +$84K | +$75K | -0.0% | $322.69B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $577K | $42.07 | +$0 | +$577K | +0.1% | $184.72B |
| Mariner, LLC | $568K | $23.89 | +$3K | +$23K | -0.1% | $85.47B |
| GOLDMAN SACHS GROUP INC | $568K | $49.49 | +$240K | +$568K | -0.2% | $760.93B |
| UBS Group AG | $497K | $38.34 | −$429K | +$287K | -0.3% | $562.11B |
| MORGAN STANLEY | $429K | $36.71 | −$95K | +$52K | -0.3% | $1.65T |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $409K | $40.52 | −$51K | +$409K | +0.7% | $645.81B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.43%
avg per quarter
Holders (ex-self)
-0.43%
excl. this stock
Buyers (this Q)
-0.29%
13 buyers · $0.01B in
Sellers (this Q)
-0.39%
16 sellers · $0.00B out
alpha coverage: 78% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-2.3%
how holders react when this stock falls
On quiet Qs
-0.4%
−10% to +10% baseline
On rallies (+10%+)
+0.6%
how they react when this stock rises
Holders' portfolio flow this Q
+3.0%
inflows — adds are organic
Sellers' portfolio flow this Q
+9.0%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.2%
Holder mid (any stock)
+0.9%
Holder rally (any stock)
+0.8%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 58.7%
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
GEODE CAPITAL MANAGEMENT, LLC--
Siena Capital Partners GP, LLC--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Siena Capital Partners GP, LLC65KFarther Finance Advisors, LLC38KALLIANCEBERNSTEIN L.P.—MILLENNIUM MANAGEMENT LLC—Fourthstone LLC—BRIDGEWAY CAPITAL MANAGEMENT, LLC36KTruffle Hound Capital, LLC—HighTower Advisors, LLC28KUBS Group AG10KEmpowered Funds, LLC19K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$55K
3 txns · 3 insiders · 1,371 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-08-29 | BUY | ERNSTBERGER KATHY | director | 972 | $41.10 | $40K | $144K |
| 2025-08-15 | BUY | FREDERICK CHRIS | director, officer: CHIEF EXECUTIVE OFFICER | 200 | $38.25 | $8K | $46K |
| 2025-08-15 | BUY | Stevens Joshua Paul | officer: CHIEF FINANCIAL OFFICER | 200 | $37.50 | $8K | $82K |
Order Flow (FINRA, ~3w lag)
20.6%retail+5.1pp
4.9%dark-2.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
First Capital, Inc.: Standard administrative compliance obscures fundamental performance metrics
Overall Risk
3/10
Fraud
2/10
Dilution
2/10
Insolvency
2/10
Earnings Overstated
3/10
Hidden Liabilities
2/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
2/10
Contextually Acceptable
10/10