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Eagle Bancorp Montana, Inc. (symbol: EBMT) operates as the bank holding company for Opportunity Bank of Montana. Founded with a mission to provide strong financial futures for Montanans, the company has grown into a robust $710 million institution renowned for its community banking services. The bank offers a comprehensive range of financial products including residential loans, commercial real estate loans, commercial loans, consumer loans, and home equity loans.
With a significant geographic footprint, Opportunity Bank of Montana features multiple branches in key locations such as Helena, Big Timber, Billings, Bozeman, Butte, Great Falls, Hamilton, Livingston, Missoula, and Townsend. The bank also maintains mortgage loan offices in Missoula and Bozeman, as well as a commercial loan office in Great Falls, ensuring accessibility to diverse clientele across the state.
The company’s suite of deposit services encompasses checking, savings, money market, individual retirement accounts, and certificates of deposit, providing customers with versatile banking solutions. As a diversified lender, Eagle Bancorp Montana Inc. places a strong emphasis on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans, and second mortgage/home equity loan products.
Recent achievements include the announcement of a quarterly cash dividend of $0.14 per share, reflecting the company's steady financial performance and commitment to delivering shareholder value. Eagle Bancorp Montana Inc. continues to uphold its century-long tradition of community engagement and financial stewardship.
Latest News:
- Declares Quarterly Cash Dividend of $0.14 Per Share
Eagle Bancorp Montana (NASDAQ: EBMT) reported Q4 2024 net income of $3.4 million, or $0.44 per diluted share, up 26.7% from Q3 2024 and 58.6% from Q4 2023. Full-year 2024 net income was $9.8 million, or $1.24 per diluted share. The company declared a quarterly dividend of $0.1425 per share, payable March 7, 2025.
Q4 highlights include net interest margin expansion to 3.59%, total loans of $1.52 billion, and total deposits increase of $46.0 million to $1.68 billion. Revenue increased 2.8% to $21.4 million compared to Q3 2024. The allowance for credit losses represented 1.11% of portfolio loans and 437.7% of nonperforming loans.
The company maintains strong credit quality with nonperforming loans at $3.9 million and net loan charge-offs of $44,000 in Q4 2024. The Bank remains well-capitalized with Tier 1 capital to adjusted total average assets at 10.07%.
Eagle Bancorp Montana (NASDAQ: EBMT) reported net income of $2.7 million, or $0.34 per diluted share, in Q3 2024, compared to $1.7 million in Q2 2024 and $2.6 million in Q3 2023. The company declared a quarterly cash dividend of $0.1425 per share, payable December 6, 2024, representing a 3.49% annualized yield. Total loans increased 4.0% year-over-year to $1.53 billion, while total deposits grew 2.2% to $1.65 billion. Net interest margin was 3.34%, showing a seven basis point contraction from the previous quarter.
Eagle Bancorp Montana (NASDAQ: EBMT) reported net income of $1.7 million, or $0.22 per diluted share, in Q2 2024. The company increased its quarterly cash dividend to $0.1425 per share, payable on September 6, 2024. Key highlights include:
- Net interest margin expanded to 3.41%, an 8 basis point improvement from Q1 2024
- Total loans increased 6.8% year-over-year to $1.52 billion
- Total deposits grew 2.6% year-over-year to $1.62 billion
- Allowance for credit losses represented 330.8% of nonperforming loans
- Tangible book value per share increased to $16.25
The company's performance was driven by disciplined loan growth, strong credit quality, and net interest margin expansion.
Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) reported a first-quarter net income of $3.2 million, or $0.42 per diluted share, down from $3.6 million in the previous quarter. This reflects a significant increase compared to $2.2 million a year ago. The board declared a $0.1375 cash dividend, yielding 3.97%. Total loans rose by 43.7% to $1.38 billion, driven by growth in commercial real estate and agricultural loans. However, net interest margin decreased to 3.86% from 4.10% in the previous quarter. The company has also authorized a share repurchase of up to 400,000 shares, about 5% of outstanding shares, to start on May 1, 2023. The outlook for the remainder of 2023 remains cautious due to economic uncertainties and deposit pricing pressures.
Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) reported a net income of $3.6 million for Q4 2022, translating to $0.47 per diluted share, a rise from $3.1 million or $0.40 per diluted share in Q3 2022. For the full year 2022, net income was $10.7 million, down from $14.4 million in 2021. The board declared a quarterly dividend of $0.1375 per share, payable on March 3, 2023. The company saw significant loan growth of 45.1% year-over-year, totaling $1.35 billion by December 31, 2022. Despite a modest decrease in net interest margin to 4.10%, revenues for Q4 2022 rose 15.2% year-over-year to $25.1 million.
Eagle Bancorp Montana, Inc. (NASDAQ: EBMT) reported net income of $3.1 million for Q3 2022, a rise from $1.8 million in Q2 but down from $4.7 million a year ago. The increase was driven by strong loan growth of $61.2 million, leading to a total loan portfolio of $1.31 billion, up 48.3% year-over-year. A quarterly dividend of $0.1375 per share was declared, payable on December 2, 2022, yielding 2.95%. The acquisition of First Community added significant assets and contributed positively to results, although the company faced $2.3 million in acquisition costs year-to-date.
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