Company: FCAP
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001171843-25-001868
Chunk: 778

Company: FIRST CAPITAL INC
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 778
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 factors that our board of directors may deem relevant.

39

Unregistered Sales and Repurchases of Equity Securities

On August 19, 2008, the Board of Directors authorized the repurchase of up to 240,467 shares of the Company’s outstanding common stock.  The stock repurchase program will expire upon the purchase of the maximum number of shares authorized under the program, unless the board of directors terminates the program earlier.  There were 300 shares purchased under the stock repurchase program during the quarter ended December 31, 2024.  The maximum number of shares that may yet be purchased under the plan is 113,721.

			Period

			(a) Total Number of Shares Purchased

			(b) Average Price Paid Per Share

			(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs

			(d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs

			October 1 through

			October 31, 2024

			-

			N/A

			-

			114,021

			November 1 through

			November 30, 2024

			300

			$
			34.50

			300

			113,721

			December 1 through

			December 31, 2024

			-

			N/A

			-

			113,721

			Total

			300

			$
			34.50

			300

Equity Compensation Plan Information

See Item 12 of this report for disclosure regarding securities authorized for issuance and equity compensation plans required by Item 201(d) of Regulation S-K.

			ITEM 6.

			[RESERVED]

40

			ITEM 7.

			MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

General

As the holding company for the Bank, the Company conducts its business primarily through the Bank.  The Bank’s results of operations depend primarily on net interest income, which is the difference between the income earned on its interest-earning assets, such as loans and investments, and the cost of its interest-bearing liabilities, consisting primarily of deposits and borrowings from the FHLB.  The Bank’s net income is also affected by, among other things, fee income, provisions for credit losses, operating expenses and income tax provisions.