Note 8 - Supplemental Disclosure for Earnings Per Share

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

8.          Supplemental Disclosure for Earnings Per Share

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands, except per share data)	2024		2023		2024		2023
Basic
Earnings:
Net income attributable to First Capital, Inc.	$	2,828	$	2,726	$	5,780	$	6,542
Shares:
Weighted average common shares outstanding		3,345,278		3,344,063		3,345,169		3,348,817
Net income attributable to First Capital, Inc. per common share, basic	$	0.85	$	0.82	$	1.73	$	1.95
Diluted
Earnings:
Net income attributable to First Capital, Inc.	$	2,828	$	2,726	$	5,780	$	6,542
Shares:
Weighted average common shares outstanding		3,345,278		3,344,063		3,345,169		3,348,817
Add: Dilutive effect of restricted stock		123		-		-		-
Weighted average common shares outstanding, as adjusted		3,345,401		3,344,063		3,345,169		3,348,817
Net income attributable to First Capital, Inc. per common share, diluted	$	0.85	$	0.82	$	1.73	$	1.95

Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding.  No restricted shares were excluded from the calculation of diluted net income per share for the three month period ended June 30, 2024. Restricted shares totaling 7,925 were excluded from the calculation of diluted net income per share because their effect would be anti-dilutive for the six month period ended June 30, 2024.  Restricted shares totaling 11,700 were excluded from the calculation of diluted net income per share because their effect would be anti-dilutive for the three and six month periods ended June 30, 2023. 

FIRST CAPITAL, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)