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A community bank in Indiana reported higher profits for the second quarter of 2026 by earning more on loans and investments while keeping its funding costs in check.
(NASDAQ: FCAP), the Corydon-based holding company for First Harrison Bank, posted net income of $4.8 million, or $1.43 per diluted share, for the quarter ended June 30, 2026, up from $3.8 million, or $1.13 per diluted share, in the same period of 2025.
The improvement was driven by a wider net interest margin, the percentage gap between what a bank earns on its assets and what it pays on deposits and borrowings, which expanded from 3.59 percent to 3.98 percent year over year.
Where the extra income came from The average yield on First Capital's interest-earning assets rose from 4.82 percent in the second quarter of 2025 to 5.12 percent in 2026, while the average balance of those assets grew from $1.18 billion to $1.24 billion.
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