First Capital Q1 net income rises on higher interest

First Capital

24/04/2026 21:57

Overview

U.S. community bank's Q1 net income rose yr/yr, driven by higher net interest income

Company's net interest margin improved to 3.74% from 3.28% a year earlier

Noninterest expenses rose, mainly due to higher professional services and compensation costs

Outlook

Company did not provide specific guidance or outlook for the current or future periods

Result Drivers

HIGHER INTEREST INCOME - Increase in average yield and balance of interest-earning assets drove up interest income

LOWER INTEREST EXPENSE - Decrease in average cost of interest-bearing liabilities reduced interest expense

NONINTEREST INCOME GAINS - Higher gains on equity securities and increased fee income offset by loss on sale of securities

Company press release: ID:nGNX5lP2rn

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$4.33 mln
Q1 Net Interest Income
$11.42 mln
Q1 Net Interest Margin
3.74%
Q1 Provision For Credit Losses
$350,000


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(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.)