Eagle Bancorp Montana, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 10:00 am EDT
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Eagle Bancorp Montana, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 15.59 million compared to USD 17.89 million a year ago. Net income was USD 2.64 million compared to USD 3.09 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.4 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.4 a year ago.
For the nine months, net interest income was USD 47.28 million compared to USD 45.7 million a year ago. Net income was USD 7.89 million compared to USD 7.08 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to USD 0.98 a year ago.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.