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, 2025, 2024 and 2023.


	Years Ended December 31,
(In thousands, except per share data)	2025			2024			2023

Basic
Earnings:
Net income attributable to First Capital, Inc.	$	16,367		$	11,940		$	12,790

Shares:
Weighted average common shares outstanding		3,345,645			3,346,161			3,347,341

Net income attributable to First Capital, Inc. per common share, basic	$	4.89		$	3.57		$	3.82

Diluted
Earnings:
Net income attributable to First Capital, Inc.	$	16,367		$	11,940		$	12,790

Shares:
Weighted average common shares outstanding		3,345,645			3,346,161			3,347,341
Add: Dilutive effect of restricted stock		2,344			—			—

Weighted average common shares outstanding, as adjusted		3,347,989			3,346,161			3,347,341

Net income attributable to First Capital, Inc. per common share, diluted	$	4.89		$	3.57		$	3.82

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 year ended December 31, 2025. Restricted shares totaling 4,800 and 5,600 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 and 2023, respectively.