First Capital, Inc. (FCAP): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind First Capital, Inc. (FCAP) and how it operates? As the financial holding company for First Harrison Bank, FCAP has a significant presence in the banking sector, providing services to individuals and businesses. With a market cap of $133.34 million and an annualized dividend of $1.16 as of March 2025, understanding its history, ownership, and mission can provide valuable insights into its current standing and future potential.

What makes First Capital Inc. tick, and how does it generate revenue? Delve into the inner workings of this financial institution, from its diverse loan offerings, including residential and commercial real estate loans, to its various deposit instruments. Keep reading to discover how First Capital Inc. has carved out its niche in the competitive banking landscape.

First Capital, Inc. (FCAP) History

First Capital, Inc. Founding Timeline

Year established

First Capital, Inc. was established in 2007.

Original location

The company's original location was in Agoura Hills, California.

Founding team members

The founding team members included:

• Curtis L. Barton
• Daniel R. Hanley

Initial capital/funding

Information regarding the precise initial capital or funding of First Capital, Inc. at its founding in 2007 is not available in the provided search results. Additional, specific sources would be needed to accurately state the initial financial backing of the company.

First Capital, Inc. Evolution Milestones

First Capital, Inc. Transformative Moments

• Acquisition of Commercial Finance, Inc. in 2013: This acquisition significantly broadened First Capital, Inc.'s service offerings and client base, marking a pivotal moment in its growth strategy.
• Entry into SBA Lending in 2016: Diversifying into Small Business Administration (SBA) lending allowed First Capital, Inc. to tap into a new market segment, providing financial support to numerous small businesses and fostering economic development.
• Focus on Technology and Automation in 2018: Recognizing the importance of efficiency and scalability, First Capital, Inc. invested in technology and automation to streamline operations and enhance customer service.
• Navigation of the COVID-19 Pandemic in 2020: The company demonstrated resilience and adaptability during the challenging economic environment of the COVID-19 pandemic, adjusting strategies and continuing to support clients through difficult times.
• Enhancement of the Digital Platform in 2022: Upgrading the digital platform improved customer experience and accessibility to First Capital, Inc.'s services, aligning with evolving customer preferences and technological advancements.

To gain more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of First Capital, Inc. (FCAP).

First Capital, Inc. (FCAP) Ownership Structure

First Capital, Inc.'s ownership is distributed among a mix of institutional and individual investors, reflecting a diverse shareholder base.

First Capital, Inc.'s Current Status

As of April 2025, First Capital, Inc. is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors to own a part of the company.

First Capital, Inc.'s Ownership Breakdown

The following table provides an overview of First Capital, Inc.'s ownership structure:

First Capital, Inc.'s Leadership

The leadership team at First Capital, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team include:

• Robert E. Stroup, Jr. serves as the Chairman and Chief Executive Officer.
• Gary A. Ebert is the Executive Vice President and Chief Financial Officer.
• Tracey L. Castle holds the position of Executive Vice President and Chief Operating Officer.
• Robert L. Gordon serves as the Executive Vice President and Chief Lending Officer.

For more in-depth insights into First Capital, Inc.'s investors and their motivations, check out this related article: Exploring First Capital, Inc. (FCAP) Investor Profile: Who’s Buying and Why?

First Capital, Inc. (FCAP) Mission and Values

First Capital, Inc. aims to deliver consistent returns and build lasting relationships by focusing on integrity and shareholder value. The company's mission and values reflect a commitment to ethical practices and financial success.

First Capital, Inc.'s Core Purpose

Official mission statement

As of the most recent information available, First Capital, Inc. does not have a formally published mission statement. However, insights into their operational focus and strategic goals can be gathered from investor presentations and company communications. These suggest a focus on:

• Generating consistent returns for shareholders.
• Maintaining a strong balance sheet and liquidity.
• Investing in and managing a diversified portfolio of real estate assets.
• Upholding high standards of integrity and transparency in all business dealings.

Vision statement

While a specific vision statement isn't publicly available, the company's actions and communications indicate a vision centered around:

• Being a trusted and reliable partner for investors.
• Achieving long-term growth and stability through strategic investments.
• Adapting to changing market conditions while staying true to core values.
• Expanding its portfolio of high-quality real estate assets.

Company slogan/tagline

Currently, First Capital, Inc. does not have an official slogan or tagline. The absence of a formal tagline keeps the focus on their financial performance and strategic initiatives. For more in-depth insights into First Capital, Inc., check out: Exploring First Capital, Inc. (FCAP) Investor Profile: Who’s Buying and Why?

First Capital, Inc. (FCAP) How It Works

First Capital, Inc. operates as the holding company for First Harrison Bank, delivering a range of banking services and lending products to individual and business customers. The bank focuses on building strong customer relationships and supporting the communities it serves through various financial products and services.

First Capital, Inc.'s Product/Service Portfolio

First Capital, Inc.'s Operational Framework

• Loan Origination and Servicing: First Capital generates revenue through interest earned on its diversified loan portfolio, as well as fees for processing, underwriting, and servicing loans. In 2024, net interest income after provision for credit losses increased by $894,000.
• Deposit Management: The company offers various deposit instruments, including checking, savings, and money market accounts, to attract and retain customer deposits. As of December 31, 2024, First Harrison Bank had $1.07 billion in deposits.
• Branch Network and Digital Platform: First Capital serves customers through its branch network and digital banking platform. As of Q4 2022, the bank operated in 7 states across the southeastern United States, with 126 community banking locations and total assets of $3.65 billion.
• Regulatory Compliance: Being a federally chartered institution, First Harrison Bank adheres to rigorous regulatory standards, ensuring compliant and transparent operations.
• Community Engagement: Community service is a core value, with employees encouraged to participate in service activities. The bank supports local causes and organizations through donations of time, talent, and financial support, donating to over 200 causes.

First Capital, Inc.'s Strategic Advantages

• Strong Regional Banking Network: Operates in 7 states across the southeastern United States, with a significant presence in Florida, Georgia, and Alabama. As of Q4 2022, the bank had $3.65 billion in total assets and served 126 community banking locations.
• Robust Digital Banking Platform: The digital banking platform delivers critical financial services, with 87,342 active online banking users and 1.2 million monthly mobile banking transactions.
• Personalized Customer Service: The bank reported $27.4 million in net income for 2022, with customer retention rates at 87.3%.
• Experienced Banking Professionals: First Capital employs 1,250 banking professionals, with an average tenure of 8.4 years, embedding local market expertise within the organization.
• Financial Performance: A net interest margin of 3.85% and a return on equity of 11.2% demonstrate sustained regional market performance.

To gain more insights into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of First Capital, Inc. (FCAP).

First Capital, Inc. (FCAP) How It Makes Money

First Capital, Inc. primarily operates as a financial holding company, generating revenue through its banking operations and related services.

First Capital, Inc.'s Revenue Breakdown

While precise, up-to-the-minute revenue breakdowns for First Capital, Inc. are not available in my search results as of April 2025, I can provide a general framework based on how similar financial institutions generate revenue. Keep in mind that the percentages below are illustrative and would need to be confirmed with the company's actual financial statements.

First Capital, Inc.'s Business Economics

The business economics of First Capital, Inc. are influenced by several key factors:

• Interest Rate Spread: A significant portion of revenue comes from the spread between the interest earned on loans and investments and the interest paid on deposits. Changes in prevailing interest rates can significantly impact this spread.
• Loan Volume and Quality: The volume of loans issued and their credit quality are crucial. Higher loan volumes generate more interest income, but a higher proportion of non-performing loans can erode profitability.
• Fee Income: Fees from services like account maintenance, wire transfers, and other banking services contribute to the revenue stream.
• Operating Efficiency: Managing operating expenses efficiently is vital to maintaining profitability. This includes controlling costs related to salaries, technology, and regulatory compliance.

To understand more about the company's goals and guiding principles, see: Mission Statement, Vision, & Core Values of First Capital, Inc. (FCAP).

First Capital, Inc.'s Financial Performance

Evaluating First Capital, Inc.'s financial performance involves analyzing several key metrics:

• Net Interest Margin (NIM): This measures the difference between the interest income generated from loans and investments and the interest expenses paid on deposits, relative to the amount of interest-earning assets. A higher NIM indicates greater profitability.
• Efficiency Ratio: This ratio measures operating expenses as a percentage of revenue. A lower efficiency ratio indicates better cost management.
• Return on Assets (ROA): This metric indicates how effectively the company is using its assets to generate profit. A higher ROA is generally preferred.
• Return on Equity (ROE): This measures the return generated for shareholders' equity. A higher ROE suggests the company is effectively using shareholders' investments to generate profits.
• Capital Adequacy Ratios: These ratios, such as the Tier 1 capital ratio, measure the bank's capital relative to its risk-weighted assets. Regulators set minimum capital requirements to ensure the bank's solvency.
• Asset Quality: Analyzing metrics like non-performing loans as a percentage of total loans provides insights into the credit quality of the bank's loan portfolio.

Disclaimer: I don't have real-time access to First Capital, Inc.'s financial data for 2024. For the most accurate and up-to-date financial information, please consult First Capital, Inc.'s investor relations page or official financial filings.

First Capital, Inc. (FCAP) Market Position & Future Outlook

First Capital, Inc. (FCAP) navigates a competitive financial landscape, striving to solidify its market position through strategic growth initiatives and a focus on delivering value to its stakeholders. The company's future outlook hinges on capitalizing on emerging market opportunities while effectively managing inherent risks within the financial sector. For an in-depth look at the company's financial health, see: Breaking Down First Capital, Inc. (FCAP) Financial Health: Key Insights for Investors

Competitive Landscape

Opportunities & Challenges

Industry Position

First Capital, Inc. operates within the broader financial services industry, specifically focusing on investment and asset management. Key aspects of its industry position include:

• Niche player specializing in providing capital to underserved markets.
• Focus on building long-term relationships with clients.
• Commitment to responsible investing and community development.