Core Insights - Eagle Bancorp Montana, Inc. (EBMT) reported quarterly earnings of $0.41 per share, matching the Zacks Consensus Estimate and showing an increase from $0.22 per share a year ago [1] - The company achieved revenues of $22.95 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 5.28% and up from $19.9 million year-over-year [2] - The stock has gained approximately 7.1% since the beginning of the year, compared to an 8.6% gain in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.45, with expected revenues of $22.5 million, and for the current fiscal year, the EPS estimate is $1.70 on revenues of $87.5 million [7] - The estimate revisions trend for Eagle Bancorp Montana was favorable prior to the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Midwest industry, to which Eagle Bancorp Montana belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

[Executive Summary & Key Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Key%20Highlights) [Second Quarter 2025 Financial Performance](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Performance) Eagle Bancorp Montana reported net income of $3.2 million, or $0.41 per diluted share, in Q2 2025, consistent with the preceding quarter but significantly higher than Q2 2024 Key Financial Metrics | Metric | Q2 2025 | Q1 2025 | Q2 2024 | 6M 2025 | 6M 2024 | | :----- | :------ | :------ | :------ | :------ | :------ | | Net Income ($M) | 3.2 | 3.2 | 1.7 | 6.5 | 3.6 | | Diluted EPS ($) | 0.41 | 0.41 | 0.22 | 0.83 | 0.46 | [Dividend Declaration](index=1&type=section&id=Dividend%20Declaration) The board declared a quarterly cash dividend of $0.145 per share, representing an annualized yield of 3.32% - Quarterly Cash Dividend: **$0.145 per share** (declared July 24, 2025)[2](index=2&type=chunk) - Annualized Yield: **3.32%** based on recent market prices[2](index=2&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted strong Q2 2025 results driven by loan and deposit growth, an expanding net interest margin, and moderated deposit pricing - CEO Laura F. Clark reported **strong Q2 2025 financial results**, marked by growth in both loans and deposits, and continued expansion in net interest margin[3](index=3&type=chunk) - CFO Miranda Spaulding noted a moderation in deposit pricing following rate cuts but remains cautious due to **emerging inflationary pressures** that could influence future interest rate policy[8](index=8&type=chunk) [Detailed Operating Results](index=1&type=section&id=Detailed%20Operating%20Results) [Net Income and Earnings Per Share](index=1&type=section&id=Net%20Income%20and%20Earnings%20Per%20Share) Net income for Q2 2025 was $3.2 million, or $0.41 per diluted share, matching the previous quarter but showing significant year-over-year growth Quarterly and YTD Performance | Metric | Q2 2025 | Q1 2025 | Q2 2024 | 6M 2025 | 6M 2024 | | :----- | :------ | :------ | :------ | :------ | :------ | | Net Income ($M) | 3.2 | 3.2 | 1.7 | 6.5 | 3.6 | | Diluted EPS ($) | 0.41 | 0.41 | 0.22 | 0.83 | 0.46 | [Net Interest Margin (NIM) and Net Interest Income](index=1&type=section&id=Net%20Interest%20Margin%20(NIM)%20and%20Net%20Interest%20Income) NIM expanded significantly to 3.91% in Q2 2025, driving a 16.1% year-over-year increase in net interest income Net Interest Margin (NIM) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | Change QoQ (bps) | Change YoY (bps) | | :----- | :------ | :------ | :------ | :--------------- | :--------------- | | NIM | 3.91% | 3.74% | 3.41% | +17 | +50 | Net Interest Income | Metric | Q2 2025 ($M) | Q1 2025 ($M) | Q2 2024 ($M) | Change QoQ | Change YoY | | :----- | :----------- | :----------- | :----------- | :--------- | :--------- | | Net Interest Income | 18.1 | 16.9 | 15.6 | +7.4% | +16.1% | - Average yields on interest-earning assets increased to **5.85%** in Q2 2025, while funding costs decreased to **2.45%**[12](index=12&type=chunk) [Revenues](index=1&type=section&id=Revenues) Total revenues increased 9.7% quarter-over-quarter and 15.3% year-over-year to $23.0 million Quarterly Revenue Performance | Metric | Q2 2025 ($M) | Q1 2025 ($M) | Q2 2024 ($M) | Change QoQ | Change YoY | | :----- | :----------- | :----------- | :----------- | :--------- | :--------- | | Revenues | 23.0 | 20.9 | 19.9 | +9.7% | +15.3% | - Year-to-date revenues for 2025 were **$43.9 million**, a 12.3% increase compared to $39.1 million in the first six months of 2024[15](index=15&type=chunk) [Noninterest Income](index=3&type=section&id=Noninterest%20Income) Total noninterest income increased 19.7% quarter-over-quarter to $4.8 million, driven by higher net mortgage banking income Quarterly Noninterest Income | Metric | Q2 2025 ($M) | Q1 2025 ($M) | Q2 2024 ($M) | Change QoQ | Change YoY | | :----- | :----------- | :----------- | :----------- | :--------- | :--------- | | Noninterest Income | 4.8 | 4.0 | 4.3 | +19.7% | +12.6% | - Net mortgage banking income increased to **$2.9 million** in Q2 2025 from $2.1 million in Q1 2025, due to an increase in net gain on sale of mortgage loans[16](index=16&type=chunk) [Noninterest Expense](index=3&type=section&id=Noninterest%20Expense) Noninterest expense increased 5.4% quarter-over-quarter to $17.9 million, mainly due to higher salaries and benefits from increased mortgage originations Quarterly Noninterest Expense | Metric | Q2 2025 ($M) | Q1 2025 ($M) | Q2 2024 ($M) | Change QoQ | Change YoY | | :----- | :----------- | :----------- | :----------- | :--------- | :--------- | | Noninterest Expense | 17.9 | 17.0 | 17.3 | +5.4% | +3.6% | - Higher salaries and employee benefits expense contributed to the quarter-over-quarter increase, driven by higher commissions from increased mortgage originations[17](index=17&type=chunk) [Income Tax Expense](index=3&type=section&id=Income%20Tax%20Expense) Income tax expense for Q2 2025 was $751,000, resulting in an effective tax rate of 18.8% Quarterly Income Tax | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----- | :------ | :------ | :------ | | Income Tax Expense ($K) | 751 | 631 | 444 | | Effective Tax Rate | 18.8% | 16.3% | 20.3% | - The effective tax rate was impacted by an increase in tax-exempt income and tax credits from investments in low-income housing projects[18](index=18&type=chunk) [Performance Ratios](index=8&type=section&id=Performance%20Ratios) Key performance ratios for Q2 2025 include a Return on Average Assets of 0.61% and a core efficiency ratio that improved to 76.80% Key Ratios | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----- | :------ | :------ | :------ | | Return on average assets | 0.61% | 0.62% | 0.33% | | Return on average equity | 7.23% | 7.66% | 4.30% | | Yield on average interest earning assets | 5.85% | 5.76% | 5.64% | | Cost of funds | 2.45% | 2.54% | 2.78% | | Net interest margin | 3.91% | 3.74% | 3.41% | | Core efficiency ratio* | 76.80% | 79.77% | 85.22% | [Balance Sheet Analysis](index=1&type=section&id=Balance%20Sheet%20Analysis) [Assets](index=1&type=section&id=Assets) Total assets reached $2.14 billion at June 30, 2025, reflecting growth from both the prior quarter and the prior year [Total Assets & Investment Securities](index=1&type=section&id=Total%20Assets%20%26%20Investment%20Securities) Total assets grew to $2.14 billion, while the investment securities portfolio decreased to $285.0 million Asset Overview | Metric | June 30, 2025 ($B) | March 31, 2025 ($B) | June 30, 2024 ($B) | Change QoQ | Change YoY | | :----- | :----------------- | :------------------ | :----------------- | :--------- | :--------- | | Total Assets | 2.14 | 2.09 | 2.10 | +2.4% | +1.9% | | Investment Securities | 0.285 | 0.2917 | 0.3069 | -2.3% | -7.2% | [Loans & Mortgage Originations](index=1&type=section&id=Loans%20%26%20Mortgage%20Originations) Total loans grew to $1.57 billion, with notable increases in commercial real estate and agricultural loans Loan Portfolio | Metric | June 30, 2025 ($B) | March 31, 2025 ($B) | June 30, 2024 ($B) | Change QoQ | Change YoY | | :----- | :----------------- | :------------------ | :----------------- | :--------- | :--------- | | Total Loans | 1.57 | 1.52 | 1.52 | +3.0% | +3.4% | - Residential mortgage originations were **$78.6 million** in Q2 2025, with sales of $54.6 million and an average gross margin on sale of **3.81%**[6](index=6&type=chunk) - Year-over-year, commercial real estate loans grew **7.6%** and agricultural loans grew **13.5%**, while commercial construction loans declined **26.5%**[7](index=7&type=chunk) [Liabilities](index=1&type=section&id=Liabilities) Total deposits increased 7.4% year-over-year to $1.74 billion, while FHLB advances and other borrowings significantly decreased [Deposits](index=1&type=section&id=Deposits) Total deposits grew to $1.74 billion, with a lower average cost of 1.62% in Q2 2025 Deposit Growth | Metric | June 30, 2025 ($B) | March 31, 2025 ($B) | June 30, 2024 ($B) | Change QoQ | Change YoY | | :----- | :----------------- | :------------------ | :----------------- | :--------- | :--------- | | Total Deposits | 1.74 | 1.69 | 1.62 | +2.8% | +7.4% | - The average cost of total deposits decreased to **1.62%** in Q2 2025, down from 1.67% in Q1 2025 and 1.70% in Q2 2024[8](index=8&type=chunk) - Uninsured deposits were approximately **$329.0 million**, or 19% of total deposits, at June 30, 2025[8](index=8&type=chunk) [Borrowings](index=2&type=section&id=Borrowings) FHLB advances and other borrowings decreased 44.5% year-over-year to $119.4 million Borrowing Levels | Metric | June 30, 2025 ($M) | March 31, 2025 ($M) | June 30, 2024 ($M) | Change QoQ | Change YoY | | :----- | :----------------- | :------------------ | :----------------- | :--------- | :--------- | | FHLB Advances & Other Borrowings | 119.4 | 125.0 | 215.1 | -4.5% | -44.5% | - The average cost of FHLB advances and other borrowings fell to **4.65%** in Q2 2025 from 5.47% in Q2 2024[9](index=9&type=chunk) [Shareholders' Equity](index=2&type=section&id=Shareholders'%20Equity) Shareholders' equity increased to $180.6 million, with tangible book value per share rising 9.9% year-over-year Equity and Book Value | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | Change QoQ | Change YoY | | :----- | :----------------- | :------------------ | :----------------- | :--------- | :--------- | | Shareholders' Equity ($M) | 180.6 | 177.6 | 170.2 | +1.7% | +6.1% | | Book Value per Share ($) | 22.72 | 22.26 | 21.23 | +2.1% | +7.0% | | Tangible Book Value per Share ($) | 17.86 | 17.38 | 16.25 | +2.8% | +9.9% | - The Company repurchased **25,000 shares** of common stock in Q2 at an average price of $16.34 per share[5](index=5&type=chunk) [Credit Quality](index=1&type=section&id=Credit%20Quality) [Credit Quality Overview](index=1&type=section&id=Credit%20Quality%20Overview) The company recorded a $1.0 million provision for credit losses in Q2 2025, while nonperforming loans remained stable at $5.1 million Provision for Credit Losses | Metric | Q2 2025 ($K) | Q1 2025 ($K) | Q2 2024 ($K) | | :----- | :----------- | :----------- | :----------- | | Provision for Credit Losses | 1,038 | 42 | 412 | Key Credit Ratios | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :------------ | :------------- | :------------ | | Allowance for credit losses / portfolio loans | 1.13% | 1.10% | 1.11% | | Allowance for credit losses / nonperforming loans | 348.8% | 313.2% | 330.8% | | Nonperforming loans ($M) | 5.1 | 5.3 | 5.1 | | Net loan charge-offs ($K) | 48 | 2 | 2 | [Capital Management](index=3&type=section&id=Capital%20Management) [Capital Management Overview](index=3&type=section&id=Capital%20Management%20Overview) The Bank remains well-capitalized, with a Tier 1 capital to adjusted total average assets ratio of 10.34% and an improved tangible equity ratio Capital Ratios | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :------------ | :------------- | :------------ | | Tier 1 capital to adjusted total average assets | 10.34% | N/A | N/A | | Tangible common equity to tangible assets | 6.77% | 6.77% | 6.33% | - As of June 30, 2025, the Bank's regulatory capital was in excess of all applicable regulatory requirements and is **deemed well capitalized**[20](index=20&type=chunk) [Company Information & Disclosures](index=3&type=section&id=Company%20Information%20%26%20Disclosures) [About the Company](index=3&type=section&id=About%20the%20Company) Eagle Bancorp Montana, Inc is a bank holding company for Opportunity Bank of Montana, a community bank with 30 offices established in 1922 - Eagle Bancorp Montana, Inc is a bank holding company headquartered in Helena, Montana[22](index=22&type=chunk) - It is the holding company of Opportunity Bank of Montana, a community bank established in 1922 that serves consumers and small businesses through 30 banking offices[22](index=22&type=chunk) - The Company's shares are traded on the NASDAQ Global Market under the symbol **"EBMT"**[22](index=22&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) The release contains forward-looking statements subject to significant business, economic, and competitive uncertainties and contingencies - Forward-looking statements are identified by words such as "believe," "will," "expect," and "anticipate"[22](index=22&type=chunk) - These statements are subject to uncertainties including changes in regulations, economic conditions, interest rate fluctuations, and competition[22](index=22&type=chunk) - Actual future results may be materially different from the results indicated by these forward-looking statements[23](index=23&type=chunk) [Use of Non-GAAP Financial Measures](index=4&type=section&id=Use%20of%20Non-GAAP%20Financial%20Measures) The company uses non-GAAP measures like core efficiency ratio and tangible book value to provide supplemental performance information - Non-GAAP financial measures used include: **core efficiency ratio**, **tangible book value per share**, and **tangible common equity to tangible assets**[24](index=24&type=chunk)[25](index=25&type=chunk) - These measures provide supplemental information regarding operational performance and are prevalent among banking regulators, investors, and analysts[25](index=25&type=chunk) - Non-GAAP measures have inherent limitations, are not uniformly applied or audited, and may not be comparable to other companies' measures[27](index=27&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) [Balance Sheet (Table)](index=5&type=section&id=Balance%20Sheet%20(Table)) Presents the consolidated balance sheet as of June 30, 2025, March 31, 2025, and June 30, 2024 (Dollars in thousands, except per share data) | Assets | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 26,928 | 22,805 | 23,762 | | Securities available-for-sale, at fair value | 285,023 | 291,661 | 306,869 | | FHLB stock | 7,000 | 7,101 | 10,136 | | FRB stock | 4,131 | 4,131 | 4,131 | | Mortgage loans held-for-sale, at fair value | 13,651 | 6,223 | 10,518 | | Net loans | 1,551,932 | 1,506,788 | 1,500,663 | | Accrued interest and dividends receivable | 14,674 | 13,271 | 13,195 | | Mortgage servicing rights, net | 15,120 | 15,282 | 15,614 | | Premises and equipment, net | 100,909 | 101,759 | 98,397 | | Cash surrender value of life insurance, net | 53,958 | 53,573 | 48,529 | | Goodwill | 34,740 | 34,740 | 34,740 | | Core deposit intangible, net | 3,885 | 4,181 | 5,168 | | Other assets | 25,682 | 26,901 | 27,233 | | **Total assets** | **2,137,633** | **2,088,416** | **2,098,955** | | **Liabilities** | | | | | Total deposits | 1,737,925 | 1,689,966 | 1,618,865 | | Accrued expenses and other liabilities | 40,439 | 36,739 | 35,804 | | FHLB advances and other borrowings | 119,407 | 124,952 | 215,050 | | Other long-term debt, net | 59,224 | 59,186 | 59,074 | | **Total liabilities** | **1,956,995** | **1,910,843** | **1,928,793** | | **Shareholders' Equity** | | | | | Total shareholders' equity | 180,638 | 177,573 | 170,162 | | **Total liabilities and shareholders' equity** | **2,137,633** | **2,088,416** | **2,098,955** | [Income Statement (Table)](index=6&type=section&id=Income%20Statement%20(Table)) Presents the consolidated income statement for the three and six months ended June 30, 2025, and 2024 (Dollars in thousands, except per share data) | | Three Months Ended June 30, | Six Months Ended June 30, | | :--- | :--- | :--- | | | **2025** | **2024** | **2025** | **2024** | | Total interest and dividend income | 27,150 | 25,822 | 53,219 | 50,764 | | Total interest expense | 9,005 | 10,190 | 18,172 | 19,918 | | **Net interest income** | **18,145** | **15,632** | **35,047** | **30,846** | | Provision for credit losses | 1,038 | 412 | 1,080 | 277 | | **Net interest income after provision** | **17,107** | **15,220** | **33,967** | **30,569** | | Total noninterest income | 4,807 | 4,269 | 8,823 | 8,221 | | Total noninterest expense | 17,926 | 17,307 | 34,932 | 34,340 | | **Income before provision for income taxes** | **3,988** | **2,182** | **7,858** | **4,450** | | Provision for income taxes | 751 | 444 | 1,382 | 814 | | **Net income** | **3,237** | **1,738** | **6,476** | **3,636** | | **Diluted earnings per common share** | **0.41** | **0.22** | **0.83** | **0.46** | [Additional Financial Data](index=8&type=section&id=Additional%20Financial%20Data) [Mortgage Banking Activity](index=8&type=section&id=Mortgage%20Banking%20Activity) Details mortgage banking income components for quarterly and year-to-date periods Quarterly Mortgage Banking Income ($K) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----- | :----------- | :----------- | :----------- | | Net gain on sale of mortgage loans | 2,083 | 1,349 | 1,600 | | Net change in fair value of loans held-for-sale and derivatives | 105 | (115) | 12 | | Mortgage servicing income, net | 738 | 891 | 805 | | **Mortgage banking, net** | **2,926** | **2,125** | **2,417** | YTD Mortgage Banking Income ($K) | Metric | 6M 2025 | 6M 2024 | | :----- | :----------- | :----------- | | Net gain on sale of mortgage loans | 3,432 | 3,014 | | Net change in fair value of loans held-for-sale and derivatives | (10) | (161) | | Mortgage servicing income, net | 1,629 | 1,741 | | **Mortgage banking, net** | **5,051** | **4,594** | [Performance Ratios](index=8&type=section&id=Performance%20Ratios) Provides a detailed breakdown of year-to-date performance ratios YTD Performance Ratios | Metric | 6M 2025 | 6M 2024 | | :----- | :------ | :------ | | Return on average assets | 0.62% | 0.35% | | Return on average equity | 7.27% | 4.49% | | Yield on average interest earning assets | 5.81% | 5.55% | | Cost of funds | 2.49% | 2.73% | | Net interest margin | 3.82% | 3.37% | | Core efficiency ratio* | 78.22% | 86.06% | [Asset Quality Ratios and Data](index=9&type=section&id=Asset%20Quality%20Ratios%20and%20Data) Presents key asset quality metrics, including nonperforming loans and allowance for credit losses ratios Asset Quality Metrics | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :------------ | :------------- | :------------ | | Total nonperforming loans ($K) | 5,083 | 5,339 | 5,088 | | Total nonperforming assets ($K) | 5,169 | 5,385 | 5,092 | | Nonperforming loans / portfolio loans | 0.32% | 0.35% | 0.34% | | Nonperforming assets / assets | 0.24% | 0.26% | 0.24% | | Allowance for credit losses / portfolio loans | 1.13% | 1.10% | 1.11% | | Allowance for credit losses/ nonperforming loans | 348.81% | 313.17% | 330.78% | | Net loan charge-offs for the quarter ($K) | 48 | 2 | 2 | [Capital Data](index=9&type=section&id=Capital%20Data) Provides quarter-end capital metrics such as tangible book value per share and shares outstanding Key Capital Metrics | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :------------ | :------------- | :------------ | | Common shareholders' equity (book value) per share ($) | 22.72 | 22.26 | 21.23 | | Tangible book value per share ($) | 17.86 | 17.38 | 16.25 | | Shares outstanding | 7,952,177 | 7,977,177 | 8,016,784 | | Tangible common equity to tangible assets | 6.77% | 6.77% | 6.33% | [Other Information](index=9&type=section&id=Other%20Information) Includes average balances for key assets, liabilities, and equity for the quarter and year-to-date periods Quarterly Average Balances ($K) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----- | :----------- | :----------- | :----------- | | Average investment securities | 287,707 | 293,273 | 306,207 | | Average loans | 1,554,756 | 1,526,774 | 1,513,313 | | Average earning assets | 1,862,024 | 1,835,210 | 1,837,418 | | Average total assets | 2,112,470 | 2,079,142 | 2,077,448 | | Average deposits | 1,706,261 | 1,671,349 | 1,625,882 | | Average equity | 179,104 | 169,088 | 161,533 | YTD Average Balances ($K) | Metric | 6M 2025 | 6M 2024 | | :----- | :----------- | :----------- | | Average investment securities | 290,490 | 310,168 | | Average loans | 1,540,765 | 1,506,303 | | Average earning assets | 1,848,617 | 1,833,867 | | Average total assets | 2,099,980 | 2,072,013 | | Average deposits | 1,688,826 | 1,625,826 | | Average equity | 178,249 | 162,084 | [Reconciliation of Non-GAAP Financial Measures](index=10&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) [Efficiency Ratio Reconciliation](index=10&type=section&id=Efficiency%20Ratio%20Reconciliation) Provides a reconciliation of the GAAP efficiency ratio to the non-GAAP core efficiency ratio Quarterly Efficiency Ratios | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :----- | :------ | :------ | :------ | | Efficiency ratio (GAAP) | 78.10% | 81.30% | 86.97% | | Core efficiency ratio (non-GAAP) | 76.80% | 79.77% | 85.22% | YTD Efficiency Ratios | Metric | 6M 2025 | 6M 2024 | | :----- | :------ | :------ | | Efficiency ratio (GAAP) | 79.63% | 87.90% | | Core efficiency ratio (non-GAAP) | 78.22% | 86.06% | [Tangible Book Value and Tangible Assets Reconciliation](index=10&type=section&id=Tangible%20Book%20Value%20and%20Tangible%20Assets%20Reconciliation) Reconciles shareholders' equity to tangible common shareholders' equity and total assets to tangible assets Tangible Book Value Reconciliation ($K) | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :----------------- | :------------------ | :----------------- | | Shareholders' equity | 180,638 | 177,573 | 170,162 | | Goodwill and core deposit intangible, net | (38,625) | (38,921) | (39,908) | | **Tangible common shareholders' equity (non-GAAP)** | **142,013** | **138,652** | **130,254** | | **Tangible book value per share (non-GAAP)** | **17.86** | **17.38** | **16.25** | Tangible Assets Reconciliation ($K) | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :----- | :----------------- | :------------------ | :----------------- | | Total assets | 2,137,633 | 2,088,416 | 2,098,955 | | Goodwill and core deposit intangible, net | (38,625) | (38,921) | (39,908) | | **Tangible assets (non-GAAP)** | **2,099,008** | **2,049,495** | **2,059,047** | - **Tangible common shareholders' equity to tangible assets (non-GAAP)** was **6.77%** at June 30, 2025, compared to 6.33% at June 30, 2024[37](index=37&type=chunk)

Core Viewpoint - Eagle Bancorp Montana, Inc. reported strong financial results for the second quarter of 2025, with net income of $3.2 million, consistent with the previous quarter and significantly higher than the same quarter last year, indicating robust growth in loans and deposits, alongside an expanding net interest margin [1][3][6]. Financial Performance - Net income for Q2 2025 was $3.2 million, or $0.41 per diluted share, unchanged from Q1 2025 and up from $1.7 million, or $0.22 per diluted share, in Q2 2024 [1][6]. - For the first half of 2025, net income increased to $6.5 million, or $0.83 per diluted share, compared to $3.6 million, or $0.46 per diluted share, in the same period of 2024 [1]. - Net interest income before provision for credit losses rose 7.4% to $18.1 million in Q2 2025, and total revenues increased 9.7% to $23.0 million [6][14]. Balance Sheet Highlights - Total assets reached $2.14 billion as of June 30, 2025, up from $2.10 billion a year ago [4]. - Total loans increased by 3.4% to $1.57 billion compared to the previous year, with notable growth in commercial real estate and agricultural loans [7]. - Total deposits rose by $119.1 million, or 7.4%, to $1.74 billion year-over-year [8]. Loan and Deposit Composition - The composition of loans showed a 7.6% increase in commercial real estate loans and a 13.5% increase in agricultural loans, while residential mortgage loans decreased by 6.3% [7]. - The deposit mix shifted towards higher-yielding products, with noninterest-bearing checking accounts at 24.0% and time certificates of deposit at 26.5% of total deposits [8]. Capital Management - Shareholders' equity increased to $180.6 million at June 30, 2025, compared to $170.2 million a year earlier [10]. - The Tier 1 capital ratio was 10.34%, indicating strong capital adequacy [19]. Credit Quality - The allowance for credit losses was 1.13% of total loans, with nonperforming loans at $5.1 million [18]. - A provision for credit losses of $1.0 million was recorded in Q2 2025, compared to $412,000 in the same quarter last year [18]. Dividend Declaration - The board declared a quarterly cash dividend of $0.145 per share, representing an annualized yield of 3.32% based on recent market prices [2].

Core Viewpoint - Eagle Bancorp Montana, Inc. (EBMT) is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with a consensus outlook indicating a potential earnings surprise that could impact its stock price [1][3]. Earnings Expectations - The consensus EPS estimate for Eagle Bancorp Montana is $0.41 per share, reflecting an increase of +86.4% year-over-year [3]. - Revenues are anticipated to reach $21.8 million, which is a 9.6% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [4]. - The Most Accurate Estimate for the company is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.44%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [10]. - Eagle Bancorp Montana currently holds a Zacks Rank of 2, enhancing the likelihood of exceeding the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Eagle Bancorp Montana delivered an earnings surprise of +24.24%, reporting $0.41 per share against an expected $0.33 [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times, indicating a strong track record [14]. Conclusion - Eagle Bancorp Montana is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors that may influence stock performance beyond earnings results [17].

Core Viewpoint - Eagle Bancorp Montana, Inc. (EBMT) is positioned to potentially continue its earnings-beat streak, having a history of surpassing earnings estimates, particularly in the last two quarters with an average surprise of 35.45% [1][2]. Earnings Performance - For the most recent quarter, Eagle Bancorp Montana reported earnings of $0.33 per share against an expectation of $0.41 per share, resulting in a surprise of 24.24% [2]. - In the previous quarter, the company exceeded the consensus estimate of $0.30 per share by reporting $0.44 per share, achieving a surprise of 46.67% [2]. Earnings Estimates and Predictions - Estimates for Eagle Bancorp Montana have been trending higher, influenced by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +2.44%, indicating a bullish outlook from analysts regarding its earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong possibility of another earnings beat [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]. Importance of Earnings ESP - The Earnings ESP metric is crucial for predicting earnings performance, as a negative value can diminish its predictive power, but does not necessarily indicate an earnings miss [8]. - It is essential for investors to check a company's Earnings ESP prior to quarterly releases to enhance the likelihood of successful investment decisions [10].

Core Viewpoint - Eagle Bancorp Montana, Inc. (EBMT) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Revisions - The Zacks rating system focuses on changes in earnings estimates, which are crucial for assessing a company's future earnings potential and stock price movements [2][5]. - For the fiscal year ending December 2025, Eagle Bancorp Montana is projected to earn $1.70 per share, with the Zacks Consensus Estimate having increased by 8.7% over the past three months [9]. Impact of Institutional Investors - Institutional investors play a role in the correlation between earnings estimate revisions and stock price movements, as they adjust their valuations based on these estimates, leading to significant trading activity [5]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Eagle Bancorp Montana's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10][11].

Group 1 - Hudbay Minerals Inc. (HBM) has seen a 30.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Shore Bancshares, Inc. (SHBI) has experienced a 7.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - National Grid plc (NGG) has recorded a 5.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Eagle Bancorp Montana, Inc. (EBMT) has seen an increase of nearly 9% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Greif, Inc. (GEF) has experienced a 6.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Group 1: Eagle Bancorp Montana, Inc. (EBMT) - Eagle Bancorp Montana, Inc. is a bank holding company for Opportunity Bank of Montana and has a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 9% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.85, which is lower than the industry average of 10.80, and possesses a Value Score of A [1] Group 2: Hudbay Minerals Inc. (HBM) - Hudbay Minerals Inc. is a diversified mining company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 30.8% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 15.56, significantly lower than the S&P 500 average of 23.15, and possesses a Value Score of A [2] Group 3: Shore Bancshares, Inc. (SHBI) - Shore Bancshares, Inc. is a bank holding company for Shore United Bank and has a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 7.1% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 9.34, which is lower than the industry average of 10.40, and possesses a Value Score of B [3]

Group 1 - National Grid plc (NGG) has seen a 5.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 5.5%, higher than the industry average of 3.4% [1] - Eagle Bancorp Montana, Inc. (EBMT) has experienced a nearly 9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days, with a dividend yield of 3.4%, compared to the industry average of 3.2% [2] - Greif, Inc. (GEF) has had a 6.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2 - Another company mentioned has a dividend yield of 3.3%, which is above the industry average of 2.5% [3]

Core Viewpoint - Eagle Bancorp Montana (EBMT) is currently identified as a strong value stock, holding a Zacks Rank 1 (Strong Buy) and a Value grade of A, indicating it is undervalued compared to its industry peers [4][8]. Valuation Metrics - EBMT has a P/E ratio of 8.97, which is lower than the industry average of 10.16, suggesting it is undervalued [4]. - The P/B ratio for EBMT is 0.7, significantly lower than the industry average of 1.94, indicating a favorable valuation compared to its book value [5]. - EBMT's P/S ratio stands at 1.01, compared to the industry's average of 1.88, further supporting the notion of undervaluation [6]. - The P/CF ratio for EBMT is 5.81, which is much lower than the industry average of 14.19, highlighting its strong cash flow position relative to its valuation [7]. Investment Outlook - The combination of these valuation metrics suggests that EBMT is likely undervalued, making it an attractive option for value investors, especially considering its strong earnings outlook [8].