Eagle Bancorp Montana(US:EBMT)2025-10-28 14:00Financial Performance - Net income for the third quarter of 2025 was $3.6 million, or $0.46 per diluted share, an increase from $3.2 million, or $0.41 per diluted share in the previous quarter, and $2.7 million, or $0.34 per diluted share a year ago [1]. - Net income for the quarter was $3,630 million, an increase from $3,237 million in the previous quarter, representing a 12.2% growth [31]. - Basic earnings per common share increased to $0.47 from $0.42 in the previous quarter, a rise of 11.9% [31]. - Return on average assets for the quarter improved to 0.68%, up from 0.61% in the previous quarter [33]. Assets and Liabilities - Total assets were $2.12 billion at September 30, 2025, down from $2.15 billion a year ago and $2.14 billion three months earlier [4]. - Total assets decreased to $2,119,806 million in Q3 2025 from $2,137,633 million in Q2 2025 and $2,145,113 million in Q3 2024 [37]. - Total loans increased by 1.5% to $1.56 billion compared to a year ago, but decreased by 0.8% from the previous quarter [6]. - Total loans amounted to $1,557,771,000, compared to $1,534,652,000 a year earlier, reflecting an increase of approximately 1.5% [27]. - The net loans stood at $1,540,031,000, slightly down from $1,551,932,000 in the previous quarter [27]. - Total deposits rose by $101.7 million, or 6.2%, to $1.75 billion at September 30, 2025, compared to a year earlier [4]. - Total deposits increased to $1,752,179,000 from $1,650,512,000 a year ago, marking a growth of approximately 6.2% [27]. Income and Expenses - Noninterest income decreased by 1.9% to $4.7 million in the third quarter of 2025, compared to $4.8 million in the previous quarter [15]. - Total noninterest income for the quarter was $4,717 million, slightly down from $4,807 million in the previous quarter, a decrease of 1.9% [31]. - Noninterest expense increased to $18,387 million in Q3 2025 from $17,926 million in Q2 2025, and $17,270 million in Q3 2024 [37]. - Total noninterest expense for the quarter was $18,387 million, up from $17,926 million in the previous quarter, an increase of 2.6% [31]. Credit Quality - The allowance for credit losses was $17.7 million, or 1.14% of total loans, at September 30, 2025, compared to 1.12% a year ago [18]. - Provision for credit losses was $62 million for the quarter, significantly lower than $1,038 million in the previous quarter, indicating improved asset quality [31]. - Nonperforming loans decreased to $4,122 million from $5,083 million in the previous quarter, a reduction of 18.9% [34]. Shareholder Equity - Shareholders' equity increased to $186.5 million at September 30, 2025, compared to $177.7 million a year earlier [9]. - The total shareholders' equity reached $186,486,000, up from $177,730,000 in the previous year, reflecting a growth of approximately 4.4% [28]. - Common shareholders' equity per share increased to $23.45 from $22.72 in the previous quarter, a growth of 3.2% [35]. Capital Management - The Bank's Tier 1 capital to adjusted total average assets was 10.35% as of September 30, 2025, indicating strong capital management [19]. - Tangible common shareholders' equity (non-GAAP) increased to $148,147 million in Q3 2025 from $142,013 million in Q2 2025 and $138,156 million in Q3 2024 [37]. - Tangible common shareholders' equity to tangible assets (non-GAAP) increased to 7.12% in Q3 2025 from 6.77% in Q2 2025 and 6.56% in Q3 2024 [37].