(NASDAQ:FCAP) CORYDON, Ind., Aug. 29, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of First Capital, Inc. (NASDAQ: FCAP), the holding company for First Harrison Bank (the “Bank”), entered into a Joint Rule 10b5-1/Rule 10b-18 Plan Agreement (the “Plan”) under which the Company’s designated broker will have the authority to repurchase up to 113,236 shares of common stock of the Company commencing on September 4, 2025 and expiring August 28, 2026, unless terminated earlier pursuant to the terms of the Plan. The Plan is intended to be administered in accordance with the terms of Rule 10b-18 and 10b5-1, which provide safe harbor from liability for stock manipulation and insider trading rules, respectively.
Related Questions
How does the authorized repurchase amount of 113,236 shares compare to FCAP's average daily volume and existing float, and what potential price support could it provide?
What is the rationale behind the timing of the buyback program starting September 4, 2025, and how might it align with the company's earnings releases or cash‑flow outlook?
Will the buyback be funded from existing cash reserves or new debt, and what impact could that have on FCAP's balance sheet and credit metrics?