First Capital Inc. (FCAP) has reported 57.41 percent jump in profit for the quarter ended Dec. 31, 2016. The company has earned $1.74 million, or $0.52 a share in the quarter, compared with $1.11 million, or $0.38 a share for the same period last year.

Revenue during the quarter grew 15.34 percent to $7.07 million from $6.13 million in the previous year period. Net interest income for the quarter rose 21.72 percent over the prior year period to $5.85 million. Non-interest income for the quarter rose 8.79 percent over the last year period to $1.44 million.

First Capital has made provision of $0.22 million for loan losses during the quarter, up 340 percent from $0.05 million in the same period last year.

Net interest margin contracted 57 basis points to 3.44 percent in the quarter from 4.01 percent in the last year period.

Investments stood at $255.85 million as on Dec. 31, 2016, up 37 percent or $69.09 million from year-ago. Shareholders equity stood at $75.73 million as on Dec. 31, 2016, up 1.64 percent or $1.22 million from year-ago.

Return on average assets moved up 11 basis points to 0.93 percent in the quarter from 0.82 percent in the last year period. At the same time, return on average equity increased 216 basis points to 8.97 percent in the quarter from 6.81 percent in the last year period.