Earnings Per Share [Text Block] |
8.
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Supplemental Disclosure for Earnings Per Share
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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(In thousands, except per share data)
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2024
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2023
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2024
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2023
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Basic
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Earnings:
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Net income attributable to First Capital, Inc.
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$ |
2,898 |
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$ |
3,138 |
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$ |
8,678 |
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$ |
9,680 |
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Shares:
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Weighted average common shares outstanding
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3,347,236 |
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3,345,869 |
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3,345,863 |
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3,347,823 |
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Net income attributable to First Capital, Inc. per common share, basic
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$ |
0.87 |
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$ |
0.94 |
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$ |
2.59 |
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$ |
2.89 |
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Diluted
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Earnings:
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Net income attributable to First Capital, Inc.
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$ |
2,898 |
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$ |
3,138 |
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$ |
8,678 |
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$ |
9,680 |
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Shares:
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Weighted average common shares outstanding
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3,347,236 |
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3,345,869 |
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3,345,863 |
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3,347,823 |
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Add: Dilutive effect of restricted stock
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- |
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- |
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- |
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- |
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Weighted average common shares outstanding, as adjusted
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3,347,236 |
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3,345,869 |
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3,345,863 |
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3,347,823 |
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Net income attributable to First Capital, Inc. per common share, diluted
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$ |
0.87 |
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$ |
0.94 |
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$ |
2.59 |
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$ |
2.89 |
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Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. Restricted shares totaling 4,800 were excluded from the calculation of diluted net income per share for the three and nine month periods ending September 30, 2024 because their effect would be anti-dilutive. Restricted shares totaling 5,600 were excluded from the calculation of diluted net income per share because their effect would be anti-dilutive for the three and nine month periods ended September 30, 2023.
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