Corydon-based First Capital Inc. (Nasdaq: FCAP), the parent of First Harrison Bank, is reporting record full-year net income of $11.4 million, compared to $10.1 million in 2020. The banking company says the results are mainly due to increases in net interest income after provision for loan losses and noninterest income.
The banking company also reported fourth quarter net income of $2.8 million, compared to $2.9 million during the same period in 2020. The decrease is attributed to an increase in noninterest expense partially offset by an increase in net interest income.
The bank operates 18 offices throughout the Hoosier State, including Greenville, Floyds Knobs, and Jeffersonville.
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