Eagle Bancorp Montana Reports Strong Q1 Earnings and Dividend Declaration
Helena, Mont., April 29, 2025 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), parent company of Opportunity Bank of Montana, announced a net income of $3.2 million ($0.41 per diluted share) for the first quarter of 2025, reflecting a slight decline from $3.4 million in the prior quarter but a significant increase from $1.9 million year-over-year. The board declared a quarterly cash dividend of $0.1425 per share, set for distribution on June 6, 2025.
The bank’s net interest margin improved to 3.74%, boosted by effective deposit growth and a reduction in operating expenses. Total loans reached $1.52 billion, while deposits rose to $1.69 billion, indicating a 3.3% year-over-year increase. Eagle has positioned itself well despite external economic challenges, noting that it remains one of only three publicly traded banks in Montana.
CFO Miranda Spaulding pointed out a shift towards higher-yielding deposits and anticipated continued improvements as interest rates stabilize. The bank’s capital management remains robust, exceeding all regulatory requirements. Additionally, Eagle’s board authorized a stock buyback plan for up to 400,000 shares to enhance shareholder value.
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