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AI brief of an SEC Form 8-K · FIRST CAPITAL INC (FCAP)

First Capital to acquire First Bancorp of Indiana in $33.2 million all-stock deal

Neutral Impact 5 of 5 m&a Written later

First Capital, Inc. (FCAP) signed a merger agreement on November 4, 2026, to acquire First Bancorp of Indiana, Inc. in an all-stock transaction valued at about $33.2 million. The deal is expected to close in the first half of 2027, subject to First Bancorp shareholder approval, regulatory approvals and other customary conditions, so shareholders of both companies will see the terms as the deal moves forward.

Key points

  • Each First Bancorp common share converts into 0.3075 shares of First Capital common stock, a fixed ratio that does not adjust for market price changes.
  • The $33.2 million value is based on First Capital's 20-day volume-weighted average price of $63.05 as of November 4, 2026.
  • First Bancorp would owe First Capital a $1.4 million termination fee in specified circumstances.
  • Michael H. Head, First Bancorp's President and CEO, will join First Capital's board at the Effective Time under a Settlement and Restrictive Covenant Agreement dated November 4, 2026.

The filing

CompanyFIRST CAPITAL INC (FCAP)
Form8-K, current report
Filed with the SECNov 5, 2026, 8:30 AM ET
Accession number0001104659-26-123087

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.