Eagle Bancorp Montana Earns $3.6 Million, or $0.46 per Diluted Share, in the Third Quarter of 2025 Declares Quarterly Cash Dividend of $0.145 Per Share
Eagle Bancorp Montana (NASDAQ: EBMT) reported Q3 2025 net income of $3.6M or $0.46 per diluted share, up from $3.2M ($0.41) in Q2 2025 and $2.7M ($0.34) in Q3 2024. Year-to-date net income was $10.1M or $1.29 per diluted share. The board declared a quarterly cash dividend of $0.145 per share payable Dec 5, 2025 (record Nov 14, 2025).
Key metrics: NIM 3.94%, total loans $1.56B, total deposits $1.75B, book value per share $23.45.
Eagle Bancorp Montana (NASDAQ: EBMT) ha riportato l"utile netto del terzo trimestre 2025 di 3,6 milioni di dollari o 0,46 dollari per azione diluita, in crescita rispetto a 3,2 milioni (0,41) nel secondo trimestre 2025 e 2,7 milioni (0,34) nel terzo trimestre 2024. L"utile netto da inizio anno è stato di 10,1 milioni di dollari o 1,29 dollari per azione diluita. Il consiglio di amministrazione ha dichiarato un dividendo trimestrale in contanti di 0,145 dollari per azione, pagabile il 5 dicembre 2025 (record del 14 novembre 2025).
Principali metriche: NIM 3,94%, prestiti totali 1,56 miliardi di dollari, depositi totali 1,75 miliardi di dollari, valore contabile per azione 23,45 dollari.
Eagle Bancorp Montana (NASDAQ: EBMT) reportó ingresos netos del tercer trimestre de 2025 de 3,6 millones de dólares o 0,46 por acción diluida, frente a 3,2 millones (0,41) en el Q2 2025 y 2,7 millones (0,34) en el Q3 2024. El ingreso neto acumulado en lo que va del año fue de 10,1 millones de dólares o 1,29 por acción diluida. La junta declaró un dividendo trimestral en efectivo de 0,145 dólares por acción, pagadero el 5 de diciembre de 2025 (registro 14 de noviembre de 2025).
Principales métricas: NIM 3,94%, préstamos totales 1,56 mil millones de dólares, depósitos totales 1,75 mil millones de dólares, valor contable por acción 23,45 dólares.
Eagle Bancorp Montana (NASDAQ: EBMT)는 2025년 3분기 순이익을 360만 달러로, 희석 주당 이익은 0.46달러로 보고했습니다. 이는 2025년 2분기의 320만 달러(0.41) 및 2024년 3분기의 270만 달러(0.34)에서 증가한 수치입니다. 연간 누적 순이익은 1010만 달러 또는 희석 주당 1.29달러입니다. 이사회는 주당 0.145달러의 분기 현금배당금을 선언했고 2025년 12월 5일 지급 예정이며(기록일 2025년 11월 14일).
주요 지표: NIM 3.94%, 총 대출 15.6억 달러, 총 예금 17.5억 달러, 주당 장부가 23.45달러.
Eagle Bancorp Montana (NASDAQ: EBMT) a enregistré pour le troisième trimestre 2025 un bénéfice net de 3,6 millions de dollars ou 0,46 $ par action diluée, en hausse par rapport à 3,2 millions (0,41 $) au T2 2025 et 2,7 millions (0,34 $) au T3 2024. Le bénéfice net cumulé sur l'année s'élève à 10,1 millions de dollars ou 1,29 $ par action diluée. Le conseil d'administration a déclaré un dividende trimestriel en espèces de 0,145 $ par action, payable le 5 décembre 2025 (enregistrement du 14 novembre 2025).
Indicateurs clés : NIM 3,94%, prêts totaux 1,56 milliard de dollars, dépôts totaux 1,75 milliard de dollars, valeur comptable par action 23,45 $.
Eagle Bancorp Montana (NASDAQ: EBMT) meldete im dritten Quartal 2025 ein Nettoergebnis von 3,6 Mio. USD bzw. 0,46 USD pro verwässerter Aktie, nach 3,2 Mio. USD (0,41) im Q2 2025 und 2,7 Mio. USD (0,34) im Q3 2024. Das year-to-date Nettoergebnis betrug 10,1 Mio. USD bzw. 1,29 USD pro verwässerter Aktie. Der Vorstand hat eine vierteljährliche Bardividende von 0,145 USD pro Aktie angekündigt, zahlbar am 5. Dezember 2025 (Record Datum 14. November 2025).
Schlüsselkennzahlen: NIM 3,94%, Summe der Kredite 1,56 Mrd. USD, Summe der Einlagen 1,75 Mrd. USD, Buchwert je Aktie 23,45 USD.
Eagle Bancorp Montana (NASDAQ: EBMT) أعلنت عن صافي دخل الربع الثالث لعام 2025 قدره 3.6 مليون دولار أو 0.46 دولارًا للسهم المخفف، مقارنة بـ 3.2 مليون دولار (0.41) في الربع الثاني من 2025 و2.7 مليون دولار (0.34) في الربع الثالث من 2024. صافي الدخل حتى تاريخه للسنة كان 10.1 مليون دولار أو 1.29 دولارًا للسهم المخفف. أعلنت مجلس الإدارة عن توزيع أرباح نقدية ربع سنوية قدرها 0.145 دولارًا للسهم، وتاريخ الدفع 5 ديسمبر 2025 (التسجيل 14 نوفمبر 2025).
المؤشرات الرئيسية: هامش صافي الفائدة 3.94%، إجمالي القروض 1.56 مليار دولار، إجمالي الودائع 1.75 مليار دولار، القيمة الدفترية للسهم 23.45 دولار.
Eagle Bancorp Montana（NASDAQ: EBMT） 公布2025年第三季度净利润为 360万美元，或每股摊薄收益 0.46美元，较 2025 年第二季度的 320 万美元（0.41 美元）和 2024 年第三季度的 270 万美元（0.34 美元）有所增长。年初至今净利润为 1010万美元，或每股摊薄收益 1.29 美元。董事会宣布每股0.145美元的季度现金股息，2025年12月5日支付（记录日2025年11月14日）。
关键指标：净息差 NIM 3.94%，总贷款 15.6亿美元，总存款 17.5亿美元，每股账面价值 23.45美元。
- Net income increased to $3.6M in Q3 2025
- NIM expanded to 3.94% in Q3 2025
- Total deposits grew 6.2% year-over-year to $1.75B
- Year-to-date net income rose to $10.1M
- Book value per share increased to $23.45
- Noninterest expense rose 6.5% year-over-year in Q3 2025
- Effective tax rate increased to 26.8% in Q3 2025
- Total loans declined 0.8% sequentially from June 30, 2025
- Residential mortgage loans fell 4.9% year-over-year
HELENA, Mont., Oct. 28, 2025 (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
Eagle’s board of directors declared a quarterly cash dividend of
“Eagle’s third-quarter operating performance reflects meaningful progress, with earnings improving over the prior quarter as we benefited from stable funding costs, strong asset yields, and ongoing operational discipline,” said Laura F. Clark, President and CEO. “Our focus on building a stronger balance sheet and growing our community banking footprint across Montana is producing positive outcomes, backed by a resilient core deposit base and a well-diversified loan portfolio. Additionally, we continue to maintain a healthy net interest margin, which supports our ongoing profitability and growth. As we move forward, we remain focused on navigating the rate environment effectively and driving long-term value for our shareholders.”
Third Quarter 2025 Highlights (at or for the three-month period ended September 30, 2025, except where noted):
- Net income was
$3.6 million , or$0.46 per diluted share, in the third quarter of 2025, compared to$3.2 million , or$0.41 per diluted share in the preceding quarter, and$2.7 million , or$0.34 per diluted share, in the third quarter a year ago. - Net interest margin (“NIM”) was
3.94% in the third quarter of 2025, a three-basis point increase compared to3.91% in the preceding quarter and a 60-basis point increase compared to the third quarter a year ago. - Net interest income, before the provision for credit losses, increased
3.0% to$18.7 million in the third quarter of 2025, compared to$18.1 million in the second quarter of 2025, and increased18.3% compared to$15.8 million in the third quarter of 2024. - Revenues (net interest income before the provision for credit losses, plus noninterest income) increased
2.0% to$23.4 million in the third quarter of 2025, compared to$23.0 million in the preceding quarter and increased12.6% compared to$20.8 million in the third quarter a year ago. - Total loans increased
1.5% to$1.56 billion , at September 30, 2025, compared to$1.52 billion a year earlier, and decreased0.8% compared to$1.57 billion at June 30, 2025. - The allowance for credit losses represented
1.14% of portfolio loans and430.4% of nonperforming loans at September 30, 2025, compared to1.12% of total portfolio loans and356.7% of nonperforming loans at September 30, 2024, and compared to1.13% of total portfolio loans and348.8% of nonperforming loans at June 30, 2025. - Total deposits increased
$101.7 million or6.2% to$1.75 billion at September 30, 2025, compared to a year earlier, and increased$14.3 million or0.8% , compared to June 30, 2025. - The Company’s available borrowing capacity was approximately
$508.4 million at September 30, 2025, compared to$348.1 million at September 30, 2024, and$463.0 million at June 30, 2025. On October 1, 2025, the Company redeemed all of its outstanding5.50% Fixed-to-Floating Rate Subordinated Notes due July 1, 2030, having an aggregate principal amount of$15.0 million . The Company utilized its existing line of credit with a correspondent bank to finance the redemption payment. - The Company paid a quarterly cash dividend in the third quarter of
$0.14 5 per share on September 5, 2025, to shareholders of record August 15, 2025.
Balance Sheet Results
Total assets were
Eagle originated
Total loans increased
“Our deposit mix shifted toward higher-yielding products during the elevated interest rate environment, consistent with other community banks. With rate cuts in the latter half of 2024 and the recent rate cut in 2025, we are starting to see an easing in deposit pricing, a trend we expect to continue as CDs reprice at lower yields,” said Miranda Spaulding, CFO. “We remain vigilant, as rising inflation risks, including the possible effects of new tariffs and broader cost pressures, could shape future interest rate decisions and alter our current assumptions around repricing.”
Total deposits increased to
FHLB advances and other borrowings decreased to
Shareholders’ equity was
Operating Results
“Higher yields on interest-earning assets, combined with stable funding costs, contributed to a three basis point increase in our net interest margin during the third quarter compared to the prior quarter. Looking ahead, given the current Fed rate environment, we anticipate further improvement in our cost of funds if rates continue to decline,” said Spaulding.
Eagle’s NIM was
Net interest income, before the provision for credit losses, increased
Revenues for the third quarter of 2025 increased
Total noninterest income decreased
Eagle’s third quarter noninterest expense was
For the third quarter of 2025, the Company recorded income tax expense of
Credit Quality
Eagle recorded a
Capital Management
The Bank’s Tier 1 capital to adjusted total average assets was
About the Company
Eagle Bancorp Montana, Inc. is a bank holding company headquartered in Helena, Montana, and is the holding company of Opportunity Bank of Montana, a community bank established in 1922 that serves consumers and small businesses in Montana through 30 banking offices. Additional information is available on the Bank’s website at www.opportunitybank.com. The shares of Eagle Bancorp Montana, Inc. are traded on the NASDAQ Global Market under the symbol “EBMT.”
Forward Looking Statements
This release may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and may be identified by the use of such words as "believe," “will” "expect," "anticipate," "should," "planned," "estimated," and "potential." These forward-looking statements include, but are not limited to statements of our goals, intentions, expectations and anticipations; statements regarding our business plans, prospects, mergers, growth and operating strategies; statements regarding the asset quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. These forward-looking statements are based on current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. These factors include, but are not limited to, changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements; general economic conditions and political events, either nationally or in our market areas, that are worse than expected; the emergence or continuation of widespread health emergencies or pandemics, including steps taken by governmental and other authorities to contain, mitigate and combat such emergencies or pandemics; the impact of volatility in the U.S. banking industry, including the associated impact of any regulatory changes or other mitigation efforts taken by governmental agencies in response thereto; the impact of any new regulatory, policy or enforcement developments resulting from the change in U.S. presidential administration, including the implantation of tariffs and other protectionist trade policies; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior, adverse developments with respect to U.S. economic conditions and other uncertainties, including the impact of supply chain disruptions, inflationary pressures and labor shortages on economic conditions and our business; an inability to access capital markets or maintain deposits or borrowing costs; competition among banks, financial holding companies and other traditional and non-traditional financial service providers; loan demand or residential and commercial real estate values in Montana; the concentration of our business in Montana; our ability to continue to increase and manage our commercial real estate, commercial business and agricultural loans; the costs and effects of legal, compliance and regulatory actions, changes and developments, including the initiation and resolution of legal proceedings (including any securities, bank operations, consumer or employee litigation); inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments; possible changes in governmental monetary and fiscal policies, or any leadership changes of those determining such policies; adverse changes in the securities markets that lead to impairment in the value of our investment securities and goodwill; other economic, governmental, competitive, regulatory and technological factors that may affect our operations; our ability to implement new technologies and maintain secure and reliable technology systems including those that involve the Bank’s third-party vendors and service providers; cyber incidents, or theft or loss of Company or customer data or money; the effects of the U.S. federal government shutdown, or closures or significant staff reductions in agencies regulating our business; our ability to navigate differing social, environmental, and sustainability concerns among governmental administrations, our stakeholders and other activists that may arise from our business activities; the effect of our recent or future acquisitions, including the failure to achieve expected revenue growth and/or expense savings, the failure to effectively integrate their operations, the outcome of any legal proceedings and the diversion of management time on issues related to the integration.
Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. All information set forth in this press release is current as of the date of this release and the company undertakes no duty or obligation to update this information.
Use of Non-GAAP Financial Measures
In addition to results presented in accordance with generally accepted accounting principles utilized in the United States, or GAAP, this release, including the Financial Ratios and Other Data contains non-GAAP financial measures. Non-GAAP financial measures include: 1) core efficiency ratio, 2) tangible book value per share and 3) tangible common equity to tangible assets. The Company uses these non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance, performance trends and financial condition, and to enhance investors’ overall understanding of such financial performance. In particular, the use of tangible book value per share and tangible common equity to tangible assets is prevalent among banking regulators, investors and analysts.
The numerator for the core efficiency ratio is calculated by subtracting acquisition costs and intangible asset amortization from noninterest expense. Tangible assets and tangible common shareholders’ equity are calculated by excluding intangible assets from assets and shareholders’ equity, respectively. For these financial measures, our intangible assets consist of goodwill and core deposit intangible. Tangible book value per share is calculated by dividing tangible common shareholders’ equity by the number of common shares outstanding. We believe that this measure is consistent with the capital treatment by our bank regulatory agencies, which exclude intangible assets from the calculation of risk-based capital ratios and present this measure to facilitate the comparison of the quality and composition of our capital over time and in comparison, to our competitors.
Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied, and are not audited. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. Further, the non-GAAP financial measure of tangible book value per share should not be considered in isolation or as a substitute for book value per share or total shareholders’ equity determined in accordance with GAAP, and may not be comparable to a similarly titled measure reported by other companies. Eagle strongly encourages investors to review its consolidated financial statements in their entirety and not to rely on any single financial measure. Reconciliation of the GAAP and non-GAAP financial measures are presented below.
| Balance Sheet | |||||||||||
| (Dollars in thousands, except per share data) | (Unaudited) | ||||||||||
| September 30, | June 30, | September 30, | |||||||||
| 2025 | 2025 | 2024 | |||||||||
| Assets: | |||||||||||
| Cash and due from banks | $ | 25,061 | $ | 25,701 | $ | 22,954 | |||||
| Interest bearing deposits in banks | 4,454 | 1,183 | 19,035 | ||||||||
| Federal funds sold | - | 44 | 200 | ||||||||
| Total cash and cash equivalents | 29,515 | 26,928 | 42,189 | ||||||||
| Securities available-for-sale, at fair value | 279,920 | 285,023 | 306,982 | ||||||||
| Federal Home Loan Bank ("FHLB") stock | 5,200 | 7,000 | 11,218 | ||||||||
| Federal Reserve Bank ("FRB") stock | 4,131 | 4,131 | 4,131 | ||||||||
| Mortgage loans held-for-sale, at fair value | 10,364 | 13,651 | 13,429 | ||||||||
| Loans: | |||||||||||
| Real estate loans: | |||||||||||
| Residential 1-4 family | 149,119 | 147,143 | 156,811 | ||||||||
| Residential 1-4 family construction | 35,423 | 47,146 | 52,217 | ||||||||
| Commercial real estate | 670,403 | 675,285 | 644,019 | ||||||||
| Commercial construction and development | 113,455 | 100,984 | 125,323 | ||||||||
| Farmland | 159,279 | 162,182 | 145,356 | ||||||||
| Other loans: | |||||||||||
| Home equity | 106,648 | 102,778 | 93,646 | ||||||||
| Consumer | 25,558 | 26,658 | 29,445 | ||||||||
| Commercial | 143,029 | 152,335 | 143,190 | ||||||||
| Agricultural | 154,857 | 155,151 | 144,645 | ||||||||
| Total loans | 1,557,771 | 1,569,662 | 1,534,652 | ||||||||
| Allowance for credit losses | (17,740 | ) | (17,730 | ) | (17,130 | ) | |||||
| Net loans | 1,540,031 | 1,551,932 | 1,517,522 | ||||||||
| Accrued interest and dividends receivable | 16,903 | 14,674 | 14,844 | ||||||||
| Mortgage servicing rights, net | 15,131 | 15,120 | 15,443 | ||||||||
| Assets held-for-sale, at cost | - | 703 | 257 | ||||||||
| Premises and equipment, net | 102,032 | 100,909 | 100,297 | ||||||||
| Cash surrender value of life insurance, net | 54,333 | 53,958 | 52,852 | ||||||||
| Goodwill | 34,740 | 34,740 | 34,740 | ||||||||
| Core deposit intangible, net | 3,599 | 3,885 | 4,834 | ||||||||
| Other assets | 23,907 | 24,979 | 26,375 | ||||||||
| Total assets | $ | 2,119,806 | $ | 2,137,633 | $ | 2,145,113 | |||||
| Liabilities: | |||||||||||
| Deposit accounts: | |||||||||||
| Noninterest bearing | $ | 429,064 | $ | 417,324 | $ | 419,760 | |||||
| Interest bearing | 1,323,115 | 1,320,601 | 1,230,752 | ||||||||
| Total deposits | 1,752,179 | 1,737,925 | 1,650,512 | ||||||||
| Accrued expenses and other liabilities | 42,713 | 40,439 | 38,593 | ||||||||
| FHLB advances and other borrowings | 79,167 | 119,407 | 219,167 | ||||||||
| Other long-term debt, net | 59,261 | 59,224 | 59,111 | ||||||||
| Total liabilities | 1,933,320 | 1,956,995 | 1,967,383 | ||||||||
| Shareholders' Equity: | |||||||||||
| Preferred stock (par value | - | - | - | ||||||||
| Common stock (par value | 85 | 85 | 85 | ||||||||
| Additional paid-in capital | 108,730 | 108,590 | 109,040 | ||||||||
| Unallocated common stock held by Employee Stock Ownership Plan | (3,581 | ) | (3,724 | ) | (4,154 | ) | |||||
| Treasury stock, at cost (555,252, 555,252, and 490,645 shares at September 30, 2025, June 30, 2025 and September 30, 2024, respectively) | (11,925 | ) | (11,925 | ) | (11,124 | ) | |||||
| Retained earnings | 107,947 | 105,470 | 98,979 | ||||||||
| Accumulated other comprehensive loss, net of tax | (14,770 | ) | (17,858 | ) | (15,096 | ) | |||||
| Total shareholders' equity | 186,486 | 180,638 | 177,730 | ||||||||
| Total liabilities and shareholders' equity | $ | 2,119,806 | $ | 2,137,633 | $ | 2,145,113 | |||||
| Income Statement | (Unaudited) | (Unaudited) | ||||||||||||||
| (Dollars in thousands, except per share data) | Three Months Ended | Nine Months Ended | ||||||||||||||
| September 30, | June 30, | September 30, | September 30 | |||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Interest and dividend income: | ||||||||||||||||
| Interest and fees on loans | $ | 25,213 | $ | 24,442 | $ | 23,802 | $ | 72,975 | $ | 68,526 | ||||||
| Securities available-for-sale | 2,322 | 2,397 | 2,598 | 7,170 | 7,953 | |||||||||||
| FRB and FHLB dividends | 225 | 236 | 266 | 721 | 777 | |||||||||||
| Other interest income | 74 | 75 | 94 | 187 | 268 | |||||||||||
| Total interest and dividend income | 27,834 | 27,150 | 26,760 | 81,053 | 77,524 | |||||||||||
| Interest expense: | ||||||||||||||||
| Interest expense on deposits | 7,179 | 6,877 | 7,190 | 20,927 | 20,622 | |||||||||||
| FHLB advances and other borrowings | 1,144 | 1,459 | 3,084 | 4,229 | 8,206 | |||||||||||
| Other long-term debt | 823 | 669 | 684 | 2,162 | 2,048 | |||||||||||
| Total interest expense | 9,146 | 9,005 | 10,958 | 27,318 | 30,876 | |||||||||||
| Net interest income | 18,688 | 18,145 | 15,802 | 53,735 | 46,648 | |||||||||||
| Provision for credit losses | 62 | 1,038 | 277 | 1,142 | 554 | |||||||||||
| Net interest income after provision for credit losses | 18,626 | 17,107 | 15,525 | 52,593 | 46,094 | |||||||||||
| Noninterest income: | ||||||||||||||||
| Service charges on deposit accounts | 442 | 393 | 430 | 1,224 | 1,258 | |||||||||||
| Mortgage banking, net | 2,926 | 2,926 | 2,602 | 7,977 | 7,196 | |||||||||||
| Interchange and ATM fees | 691 | 670 | 662 | 1,954 | 1,865 | |||||||||||
| Appreciation in cash surrender value of life insurance | 384 | 393 | 1,038 | 1,127 | 1,646 | |||||||||||
| Other noninterest income | 274 | 425 | 251 | 1,258 | 1,239 | |||||||||||
| Total noninterest income | 4,717 | 4,807 | 4,983 | 13,540 | 13,204 | |||||||||||
| Noninterest expense: | ||||||||||||||||
| Salaries and employee benefits | 11,193 | 10,645 | 9,894 | 31,502 | 29,885 | |||||||||||
| Occupancy and equipment expense | 2,274 | 2,230 | 2,134 | 6,806 | 6,337 | |||||||||||
| Data processing | 1,326 | 1,305 | 1,587 | 3,961 | 4,494 | |||||||||||
| Software subscriptions | 680 | 715 | 511 | 2,053 | 1,550 | |||||||||||
| Advertising | 308 | 280 | 277 | 820 | 846 | |||||||||||
| Amortization | 288 | 298 | 337 | 906 | 1,054 | |||||||||||
| Loan costs | 382 | 354 | 385 | 1,108 | 1,195 | |||||||||||
| FDIC insurance premiums | 231 | 257 | 295 | 719 | 878 | |||||||||||
| Professional and examination fees | 401 | 391 | 438 | 1,312 | 1,345 | |||||||||||
| Other noninterest expense | 1,304 | 1,451 | 1,412 | 4,132 | 4,026 | |||||||||||
| Total noninterest expense | 18,387 | 17,926 | 17,270 | 53,319 | 51,610 | |||||||||||
| Income before provision for income taxes | 4,956 | 3,988 | 3,238 | 12,814 | 7,688 | |||||||||||
| Provision for income taxes | 1,326 | 751 | 529 | 2,708 | 1,343 | |||||||||||
| Net income | $ | 3,630 | $ | 3,237 | $ | 2,709 | $ | 10,106 | $ | 6,345 | ||||||
| Basic earnings per common share | $ | 0.47 | $ | 0.42 | $ | 0.35 | $ | 1.30 | $ | 0.81 | ||||||
| Diluted earnings per common share | $ | 0.46 | $ | 0.41 | $ | 0.34 | $ | 1.29 | $ | 0.81 | ||||||
| Basic weighted average shares outstanding | 7,796,304 | 7,791,320 | 7,836,921 | 7,799,899 | 7,830,947 | |||||||||||
| Diluted weighted average shares outstanding | 7,828,570 | 7,812,656 | 7,860,138 | 7,822,825 | 7,848,196 | |||||||||||
| ADDITIONAL FINANCIAL INFORMATION | (Unaudited) | ||||||||
| (Dollars in thousands, except per share data) | Three or Nine Months Ended | ||||||||
| September 30, | June 30, | September 30, | |||||||
| 2025 | 2025 | 2024 | |||||||
| Mortgage Banking Activity (For the quarter): | |||||||||
| Net gain on sale of mortgage loans | $ | 2,229 | $ | 2,083 | $ | 1,691 | |||
| Net change in fair value of loans held-for-sale and derivatives | (22 | ) | 105 | 159 | |||||
| Mortgage servicing income, net | 719 | 738 | 752 | ||||||
| Mortgage banking, net | $ | 2,926 | $ | 2,926 | $ | 2,602 | |||
| Mortgage Banking Activity (Year-to-date): | |||||||||
| Net gain on sale of mortgage loans | $ | 5,661 | $ | 4,705 | |||||
| Net change in fair value of loans held-for-sale and derivatives | (32 | ) | (2 | ) | |||||
| Mortgage servicing income, net | 2,348 | 2,493 | |||||||
| Mortgage banking, net | $ | 7,977 | $ | 7,196 | |||||
| Performance Ratios (For the quarter): | |||||||||
| Return on average assets | 0.68 | % | 0.61 | % | 0.51 | % | |||
| Return on average equity | 7.94 | % | 7.23 | % | 6.56 | % | |||
| Yield on average interest earning assets | 5.87 | % | 5.85 | % | 5.66 | % | |||
| Cost of funds | 2.45 | % | 2.45 | % | 2.89 | % | |||
| Net interest margin | 3.94 | % | 3.91 | % | 3.34 | % | |||
| Core efficiency ratio* | 77.33 | % | 76.80 | % | 81.47 | % | |||
| Performance Ratios (Year-to-date): | |||||||||
| Return on average assets | 0.64 | % | 0.41 | % | |||||
| Return on average equity | 7.50 | % | 5.19 | % | |||||
| Yield on average interest earning assets | 5.83 | % | 5.59 | % | |||||
| Cost of funds | 2.48 | % | 2.78 | % | |||||
| Net interest margin | 3.86 | % | 3.36 | % | |||||
| Core efficiency ratio* | 77.91 | % | 84.47 | % | |||||
| * The core efficiency ratio is a non-GAAP ratio that is calculated by dividing non-interest expense, exclusive of acquisition costs and intangible asset amortization, by the sum of net interest income and non-interest income. | |||||||||
| ADDITIONAL FINANCIAL INFORMATION | |||||||||
| (Dollars in thousands, except per share data) | |||||||||
| Asset Quality Ratios and Data: | As of or for the Three Months Ended | ||||||||
| September 30, | June 30, | September 30, | |||||||
| 2025 | 2025 | 2024 | |||||||
| Nonaccrual loans | $ | 1,966 | $ | 2,423 | $ | 3,859 | |||
| Loans 90 days past due and still accruing | 2,156 | 2,660 | 944 | ||||||
| Total nonperforming loans | 4,122 | 5,083 | 4,803 | ||||||
| Other real estate owned and other repossessed assets | 86 | 86 | 4 | ||||||
| Total nonperforming assets | $ | 4,208 | $ | 5,169 | $ | 4,807 | |||
| Nonperforming loans / portfolio loans | 0.26 | % | 0.32 | % | 0.31 | % | |||
| Nonperforming assets / assets | 0.20 | % | 0.24 | % | 0.22 | % | |||
| Allowance for credit losses / portfolio loans | 1.14 | % | 1.13 | % | 1.12 | % | |||
| Allowance for credit losses/ nonperforming loans | 430.37 | % | 348.81 | % | 356.65 | % | |||
| Gross loan charge-offs for the quarter | $ | 80 | $ | 51 | $ | 22 | |||
| Gross loan recoveries for the quarter | $ | 8 | $ | 3 | $ | 5 | |||
| Net loan charge-offs for the quarter | $ | 72 | $ | 48 | $ | 17 | |||
| September 30, | June 30, | September 30, | |||||||
| 2025 | 2025 | 2024 | |||||||
| Capital Data (At quarter end): | |||||||||
| Common shareholders' equity (book value) per share | $ | 23.45 | $ | 22.72 | $ | 22.17 | |||
| Tangible book value per share** | $ | 18.63 | $ | 17.86 | $ | 17.23 | |||
| Shares outstanding | 7,952,177 | 7,952,177 | 8,016,784 | ||||||
| Tangible common equity to tangible assets*** | 7.12 | % | 6.77 | % | 6.56 | % | |||
| Other Information: | |||||||||
| Average investment securities for the quarter | $ | 280,683 | $ | 287,707 | $ | 305,730 | |||
| Average investment securities year-to-date | $ | 287,176 | $ | 290,490 | $ | 308,688 | |||
| Average loans for the quarter **** | $ | 1,581,510 | $ | 1,554,756 | $ | 1,547,246 | |||
| Average loans year-to-date **** | $ | 1,554,547 | $ | 1,540,765 | $ | 1,519,951 | |||
| Average earning assets for the quarter | $ | 1,879,801 | $ | 1,862,024 | $ | 1,874,669 | |||
| Average earning assets year-to-date | $ | 1,859,177 | $ | 1,848,617 | $ | 1,847,468 | |||
| Average total assets for the quarter | $ | 2,131,315 | $ | 2,112,470 | $ | 2,116,839 | |||
| Average total assets year-to-date | $ | 2,109,454 | $ | 2,099,980 | $ | 2,086,951 | |||
| Average deposits for the quarter | $ | 1,746,087 | $ | 1,706,261 | $ | 1,622,254 | |||
| Average deposits year-to-date | $ | 1,708,461 | $ | 1,688,826 | $ | 1,624,636 | |||
| Average equity for the quarter | $ | 182,822 | $ | 179,104 | $ | 165,162 | |||
| Average equity year-to-date | $ | 179,699 | $ | 178,249 | $ | 163,106 | |||
| ** The tangible book value per share is a non-GAAP ratio that is calculated by dividing shareholders' equity, less goodwill and core deposit intangible, by common shares outstanding. | |||||||||
| *** The tangible common equity to tangible assets is a non-GAAP ratio that is calculated by dividing shareholders' equity, less goodwill and core deposit intangible, by total assets, less goodwill and core deposit intangible. | |||||||||
| **** Includes loans held for sale | |||||||||
| Reconciliation of Non-GAAP Financial Measures | ||||||||||||||||
| Efficiency Ratio | (Unaudited) | (Unaudited) | ||||||||||||||
| (Dollars in thousands) | Three Months Ended | Six Months Ended | ||||||||||||||
| September 30, | June 30, | September 30, | September 30, | |||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Calculation of Efficiency Ratio: | ||||||||||||||||
| Noninterest expense - efficiency ratio numerator | $ | 18,387 | $ | 17,926 | $ | 17,270 | $ | 53,319 | $ | 51,610 | ||||||
| Net interest income | 18,688 | 18,145 | 15,802 | 53,735 | 46,648 | |||||||||||
| Noninterest income | 4,717 | 4,807 | 4,983 | 13,540 | 13,204 | |||||||||||
| Efficiency ratio denominator | 23,405 | 22,952 | 20,785 | 67,275 | 59,852 | |||||||||||
| Efficiency ratio (GAAP) | 78.56 | % | 78.10 | % | 83.09 | % | 79.26 | % | 86.23 | % | ||||||
| Calculation of Core Efficiency Ratio: | ||||||||||||||||
| Noninterest expense | $ | 18,387 | $ | 17,926 | $ | 17,270 | $ | 53,319 | $ | 51,610 | ||||||
| Intangible asset amortization | (288 | ) | (298 | ) | (337 | ) | (906 | ) | (1,054 | ) | ||||||
| Core efficiency ratio numerator | 18,099 | 17,628 | 16,933 | 52,413 | 50,556 | |||||||||||
| Net interest income | 18,688 | 18,145 | 15,802 | 53,735 | 46,648 | |||||||||||
| Noninterest income | 4,717 | 4,807 | 4,983 | 13,540 | 13,204 | |||||||||||
| Core efficiency ratio denominator | 23,405 | 22,952 | 20,785 | 67,275 | 59,852 | |||||||||||
| Core efficiency ratio (non-GAAP) | 77.33 | % | 76.80 | % | 81.47 | % | 77.91 | % | 84.47 | % | ||||||
| Tangible Book Value and Tangible Assets | (Unaudited) | ||||||||
| (Dollars in thousands, except per share data) | September 30, | June 30, | September 30, | ||||||
| 2025 | 2025 | 2024 | |||||||
| Tangible Book Value: | |||||||||
| Shareholders' equity | $ | 186,486 | $ | 180,638 | $ | 177,730 | |||
| Goodwill and core deposit intangible, net | (38,339 | ) | (38,625 | ) | $ | (39,574 | ) | ||
| Tangible common shareholders' equity (non-GAAP) | $ | 148,147 | $ | 142,013 | $ | 138,156 | |||
| Common shares outstanding at end of period | 7,952,177 | 7,952,177 | 8,016,784 | ||||||
| Common shareholders' equity (book value) per share (GAAP) | $ | 23.45 | $ | 22.72 | $ | 22.17 | |||
| Tangible common shareholders' equity (tangible book value) per share (non-GAAP) | $ | 18.63 | $ | 17.86 | $ | 17.23 | |||
| Tangible Assets: | |||||||||
| Total assets | $ | 2,119,806 | $ | 2,137,633 | $ | 2,145,113 | |||
| Goodwill and core deposit intangible, net | (38,339 | ) | (38,625 | ) | (39,574 | ) | |||
| Tangible assets (non-GAAP) | $ | 2,081,467 | $ | 2,099,008 | $ | 2,105,539 | |||
| Tangible common shareholders' equity to tangible assets (non-GAAP) | 7.12 | % | 6.77 | % | 6.56 | % | |||
Contacts:
Laura F. Clark, President and CEO
(406) 457-4007
Miranda J. Spaulding, SVP and CFO
(406) 441-5010
FAQ
What did Eagle Bancorp Montana (EBMT) report for Q3 2025 earnings per share?
When is the EBMT dividend payable and what is the amount?
How did EBMT's net interest margin change in Q3 2025?
What were EBMT's total deposits and year-over-year deposit growth at Sep 30, 2025?
How did EBMT's loan balances move in Q3 2025?
Did EBMT's operating expenses pressure earnings in Q3 2025?
