Financial Performance - Net income for Q3 2024 was $2.7 million, or $0.34 per diluted share, compared to $1.7 million, or $0.22 per diluted share in Q2 2024, and $2.6 million, or $0.34 per diluted share in Q3 2023[1] - Net income for the quarter was $2,709,000, compared to $1,738,000 in the previous quarter, representing a 55.9% increase[30] - Basic earnings per common share increased to $0.35 from $0.22, reflecting a 59.1% growth[31] - Return on average assets improved to 0.51% from 0.33%, indicating a 54.5% increase[32] - Mortgage banking net income for the quarter was $2,602,000, up from $2,417,000, a rise of 7.6%[32] Loans and Deposits - Total loans increased by 4.0% year-over-year to $1.53 billion, with a 1.1% increase from the previous quarter[3] - Total deposits rose by $35.0 million, or 2.2%, to $1.65 billion compared to a year earlier, and increased by $31.6 million, or 2.0%, from the previous quarter[3] - The company reported a net loan figure of $1,517,522 thousand as of September 30, 2024, compared to $1,459,543 thousand a year earlier, indicating an increase of approximately 3.95%[28] - Average loans for the quarter were $1,874,669,000, compared to $1,837,418,000 in the previous quarter, an increase of 2.0%[35] Assets and Equity - As of September 30, 2024, total assets increased to $2,145,113 thousand from $2,063,064 thousand a year earlier, representing a growth of approximately 3.97%[27] - Shareholders' equity increased to $177.7 million at September 30, 2024, compared to $157.3 million a year earlier[11] - The company's total shareholders' equity increased to $177,730 thousand as of September 30, 2024, from $157,270 thousand a year prior, representing a growth of approximately 12.96%[28] - Tangible common shareholders' equity to tangible assets increased to 6.56% from 6.33% year-over-year[36] Income and Margins - Net interest margin (NIM) was 3.34% in Q3 2024, a seven basis point decrease from 3.41% in Q2 2024 and Q3 2023[3] - Net interest income for the three months ended September 30, 2024, was $15,802, up from $15,632 in the previous quarter[36] - Noninterest income increased by 16.7% to $5.0 million in Q3 2024 compared to $4.3 million in the preceding quarter, but decreased by 17.4% compared to $6.0 million in Q3 2023[16] - Noninterest income increased to $4,983 from $4,269 quarter-over-quarter[36] Credit Quality - The allowance for credit losses was 1.12% of total loans at September 30, 2024, compared to 1.10% a year earlier[20] - The allowance for credit losses stood at $17,130 thousand as of September 30, 2024, compared to $16,230 thousand a year prior, reflecting an increase of approximately 5.55%[27] - Nonperforming loans decreased to $4,803,000 from $5,088,000, a reduction of 5.6%[34] - Total nonperforming assets decreased to $4,807,000 from $5,092,000, a decline of 5.6%[34] Efficiency Ratios - The core efficiency ratio is calculated by subtracting acquisition costs and intangible asset amortization from noninterest expense, providing insights into operational performance[25] - Core efficiency ratio improved to 81.47% from 85.22%, showing enhanced operational efficiency[32] - Core efficiency ratio (non-GAAP) improved to 81.47% compared to 85.22% in the previous quarter and 80.89% a year ago[36]

Here is the stock with buy rank and strong income characteristics for investors to consider today, October 7th: Eagle Bancorp Montana (EBMT) : This bank holding company which provides retail banking services in the south-central portion of Montana, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days. This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.6%, compared with the industry average of 3%. See the full list of top ranked stocks ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. Commission file number 1-34682 Eagle Bancorp Montana, Inc. (Exact name of registrant as specified in its charter) Delaware 27-1449820 (Stat ...

This quarterly report represents an earnings surprise of -21.43%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.24, delivering a surprise of -17.24%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Eagle Bancorp Montana has underperformed the market so far this year, the ...

Eagle Bancorp Montana Earns $1.7 Million, or $0.22 per Diluted Share, in the Second Quarter of 2024; Increases Quarterly Cash Dividend to $0.1425 Per Share "We produced solid second quarter results, fueled by disciplined loan growth, pristine credit quality metrics and net interest margin expansion, compared to the previous quarter," said Laura F. Clark, President and CEO. "We continue to attract high quality loans, achieving loan growth of 6.8% year-over-year, even in the current rate environment. Addition ...

Eagle's board of directors increased its quarterly cash dividend to $0.1425 per share on July 22, 2024. The dividend will be payable September 6, 2024, to shareholders of record August 16, 2024. The current dividend represents an annualized yield of 4.27% based on recent market prices. Second Quarter 2024 Highlights (at or for the three-month period ended June 30, 2024, except where noted): The Company paid a quarterly cash dividend in the second quarter of $0.14 per share on June 7, 2024, to shareholders o ...

Financial Performance - Net income for the three months ended March 31, 2024, was $1,898, compared to $3,242 for the same period in 2023, representing a decrease of 41.6%[23] - Basic earnings per common share for Q1 2024 were $0.24, down from $0.42 in Q1 2023, a decrease of 42.9%[23] - Comprehensive income for Q1 2024 was $580, significantly lower than $7,074 in Q1 2023, indicating a decline of 91.8%[25] - Net income for the three months ended March 31, 2024, was $1,898,000, a decrease of 41.5% compared to $3,242,000 for the same period in 2023[29] - Net income for the three months ended March 31, 2024, was $1.90 million, a decrease of $1.34 million from $3.24 million in the same period in 2023[128] Income and Expenses - Total interest and dividend income increased to $24,942 for Q1 2024, up from $20,708 in Q1 2023, reflecting a growth of 20.5%[20] - Total noninterest income decreased to $3,952 in Q1 2024 from $4,671 in Q1 2023, a decline of 15.4%[22] - Net interest income after provision for credit losses was $15,349 for Q1 2024, slightly down from $16,149 in Q1 2023[20] - Noninterest expense increased to $17,033 in Q1 2024 from $16,533 in Q1 2023, an increase of 3.0%[23] - Net interest income decreased to $15.21 million, down 7.4% from $16.43 million in the prior year, primarily due to an increase in interest expense[129] - Noninterest income decreased by 15.4% to $3.95 million, largely due to a decline in mortgage banking net income[133] Assets and Liabilities - Total assets as of March 31, 2024, were $2,076,074, a slight increase from $2,075,666 as of December 31, 2023[15] - Total liabilities increased to $1.91 billion, an increase of $733,000 from December 31, 2023[108] - Total deposits remained stable at $1,635,599 as of March 31, 2024, compared to $1,635,195 as of December 31, 2023[17] - Total deposits increased slightly to $1,635,599,000 as of March 31, 2024, compared to $1,635,195,000 at December 31, 2023[70] - Total shareholders' equity decreased by $325,000 from December 31, 2023[108] Loans and Credit Quality - Total loans receivable amounted to $1,497,388,000, an increase from $1,484,489,000 as of December 31, 2023, reflecting a growth of approximately 0.6%[52] - The total loans outstanding as of March 31, 2024, amount to $1,497,388,000, compared to $1,474,579,000 in the previous quarter, representing an increase of 1.54%[57] - The total charge-offs for the three months ended March 31, 2024, were minimal, with only $1,000 recorded, indicating strong credit quality[56] - Total nonperforming loans decreased to $7.21 million as of March 31, 2024, from $8.42 million at December 31, 2023, representing a reduction of approximately 14%[116] - The total amount of nonaccrual loans is $5,147,000, which may impact future earnings[61] Capital and Liquidity - The Bank's total risk-based capital to risk-weighted assets ratio was 13.17% as of March 31, 2024, exceeding the minimum required ratio of 10.00%[144] - The Bank's Tier 1 capital to risk-weighted assets ratio was 12.12% as of March 31, 2024, above the minimum required ratio of 8.00%[144] - The Company believes its liquidity sources are sufficient to meet anticipated funding needs in both the short and long term[141] - The Bank accessed borrowings through the Federal Reserve Bank Term Funding Program (BTFP) in March 2024, which offers loans of up to one year[139] Market and Economic Conditions - The Federal Open Market Committee maintained the federal funds target rate at 5.50% during the three months ended March 31, 2024[105] - The economic value of equity (EVE) decreased by 1.5% with a 300 basis point rise in interest rates as of March 31, 2024, compared to a decrease of 1.9% at December 31, 2023[142] Other Financial Metrics - The company reported a provision for credit losses of $(135,000) for the current quarter, compared to $279,000 in the prior year[29] - The effective tax rate decreased to 16.3% from 24.4% in the prior year, influenced by tax credits related to low-income housing projects[135] - The total fair value of loans held-for-sale is reported at $11,432,000 as of March 31, 2024[94]

EXHIBIT 99.1 Eagle Bancorp Montana Earns $1.9 Million, or $0.24 per Diluted Share, in the First Quarter of 2024 Declares Quarterly Cash Dividend of $0.14 Per Share and Renews Stock Repurchase Plan HELENA, Mont., April 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the "Company," "Eagle"), the holding company of Opportunity Bank of Montana (the "Bank"), today reported net income of $1.9 million, or $0.24 per diluted share, in the first quarter of 2024, compared to $2.2 million, or ...

HELENA, Mont., April 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp Montana, Inc. (NASDAQ:EBMT), (the "Company," "Eagle"), the holding company of Opportunity Bank of Montana (the "Bank"), today reported net income of $1.9 million, or $0.24 per diluted share, in the first quarter of 2024, compared to $2.2 million, or $0.28 per diluted share, in the preceding quarter, and $3.2 million, or $0.42 per diluted share, in the first quarter of 2023. Eagle's board of directors declared a quarterly cash dividend to $0.14 ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 18th:  Eagle Bancorp Montana (EBMT) : This holding company that provides retail banking services in the south-central portion of Montana, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.Eagle Bancorp Montana has a price-to-earnings ratio (P/E) of 7.12 compared with 10.00 for the industry. The company ...