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Note 8 - Supplemental Disclosure for Earnings Per Share
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

8.

Supplemental Disclosure for Earnings Per Share

 

   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

 

(In thousands, except per share data)

 

2024

   

2023

   

2024

   

2023

 
                                 

Basic

                               

Earnings:

                               

Net income attributable to First Capital, Inc.

  $ 2,898     $ 3,138     $ 8,678     $ 9,680  
                                 

Shares:

                               

Weighted average common shares outstanding

    3,347,236       3,345,869       3,345,863       3,347,823  
                                 

Net income attributable to First Capital, Inc. per common share, basic

  $ 0.87     $ 0.94     $ 2.59     $ 2.89  
                                 

Diluted

                               

Earnings:

                               

Net income attributable to First Capital, Inc.

  $ 2,898     $ 3,138     $ 8,678     $ 9,680  
                                 

Shares:

                               

Weighted average common shares outstanding

    3,347,236       3,345,869       3,345,863       3,347,823  

Add: Dilutive effect of restricted stock

    -       -       -       -  

 

                               

Weighted average common shares outstanding, as adjusted

    3,347,236       3,345,869       3,345,863       3,347,823  
                                 

Net income attributable to First Capital, Inc. per common share, diluted

  $ 0.87     $ 0.94     $ 2.59     $ 2.89  

 

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.