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Note 27 - Supplemental Disclosure for Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

(27)

SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE

 

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented.  Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding.  Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements.  Earnings per share information is presented below for the years ended December 31, 2024, 2023 and 2022.

 

(In thousands, except per share data)

  

Years Ended December 31,

  
   

2024

    

2023

    

2022

  
                         

Basic

                        

Earnings:

                        

Net income attributable to First Capital, Inc.

   $ 11,940     $ 12,790     $ 11,902  
                         

Shares:

                        

Weighted average common shares outstanding

     3,346,161       3,347,341       3,355,023  
                         

Net income attributable to First Capital, Inc.

per common share, basic

   $ 3.57     $ 3.82     $ 3.55  
                         

Diluted

                        

Earnings:

                        

Net income attributable to First Capital, Inc.

   $ 11,940     $ 12,790     $ 11,902  
                         

Shares:

                        

Weighted average common shares outstanding

     3,346,161       3,347,341       3,355,023  

Add: Dilutive effect of restricted stock

     -       -       -  
                         

Weighted average common

shares outstanding, as adjusted

     3,346,161       3,347,341       3,355,023  
                         

Net income attributable to First Capital, Inc.

per common share, diluted

   $ 3.57     $ 3.82     $ 3.55  

 

Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding.  Restricted shares totaling 4,800, 5,600 and 12,550 were excluded from the calculation of diluted net income per share because their effect would be anti-dilutive for the years ended December 31, 2024, 2023 and 2022, respectively.