Note 5 - Supplemental Disclosure for Earnings Per Share

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

5. Supplemental Disclosure for Earnings Per Share

	Three Months Ended				Nine Months Ended
	09/30/2022		09/30/2021		09/30/2022		09/30/2021
		(Dollars in thousands, except for share and per share data)
Basic
Earnings:
Net income attributable to First Capital, Inc.	$	3,125	$	2,936	$	8,362	$	8,605
Shares:
Weighted average common shares outstanding		3,358,800		3,349,494		3,353,459		3,344,832
Net income attributable to First Capital, Inc. per common share, basic	$	0.93	$	0.88	$	2.49	$	2.57
Diluted
Earnings:
Net income attributable to First Capital, Inc.	$	3,125	$	2,936	$	8,362	$	8,605
Shares:
Weighted average common shares outstanding		3,358,800		3,349,494		3,353,459		3,344,832
Add: Dilutive effect of restricted stock		-		-		-		1,441
Weighted average common shares outstanding, as adjusted		3,358,800		3,349,494		3,353,459		3,346,273
Net income attributable to First Capital, Inc. per common share, diluted	$	0.93	$	0.88	$	2.49	$	2.57

Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding.  No shares were excluded from the calculations of diluted net income per share because their effect would be anti-dilutive for the nine-month period ended September 30, 2021.  Restricted shares totaling 12,550 were excluded from the calculation of diluted net income per share for the three-month and nine-month periods ended September 30, 2022.  Restricted shares totaling 24,300 were excluded from the calculation of diluted net income per share for the three-month period ended September 30, 2021.