First Capital Q1 net income jumps 34% to $4.3M as margin expands to 3.81%

Filed May 12, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 14, 2025 · ~1 min read

Key Changes

• high

  Net income rose 34% year-over-year to $4.3 million ($1.30 per share) in Q1 2026 from $3.2 million ($0.97 per share) in Q1 2025, driven by margin expansion and lower funding costs.

  MD&A: Quarterly Net Income verify on EDGAR →
• high

  Net interest margin expanded 47 basis points to 3.81% from 3.34% a year earlier, as asset yields rose to 4.96% while funding costs fell 15bp to 1.56% despite higher deposit balances.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  Interest rate sensitivity modeling shows reduced upside in rising-rate scenarios: a +300bp shock now projects flat economic value of equity versus a +2.41% gain last year, indicating shorter portfolio duration.

  MD&A: Economic Value of Equity verify on EDGAR →