EBMT

Eagle Bancorp Montana, Inc. (EBMT) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -6.00%. A quarter ago, it was expected that this company would post earnings of $0.45 per share when it actually produced earnings of $0.51, delivering a surprise of +13.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Eagle Bancorp Montana, which belongs to the Zacks Banks - Midwest industry, posted revenues of $24.16 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.79%. This compares to year-ago revenues of $22.95 million. The company has topped consensus revenue estimates just once over the last four quarters. 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. Eagle Bancorp Montana shares have added about 18.2% since the beginning of the year versus the S&P 500's gain of 8.3%. While Eagle Bancorp Montana has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Eagle Bancorp Montana was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $24.2 million in revenues for the coming quarter and $2.04 on $95.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, First Business Financial Services (FBIZ), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30. This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $1.54 per share in its upcoming report, which represents a year-over-year change of +14.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. First Business Financial Services' revenues are expected to be $45.5 million, up 10.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Bancorp Montana, Inc. (EBMT) : Free Stock Analysis Report First Business Financial Services, Inc. (FBIZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HELENA, Mont., July 28, 2026 (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 $3.7 million, or $0.47 per diluted share, in the second quarter of 2026, compared to $4.0 million, or $0.51 per diluted share, in the preceding quarter, and $3.2 million, or $0.41 per diluted share, in the second quarter of 2025. In the first six months of 2026, net income increased to $7.7 million, or $0.98 per diluted share, compared to $6.5 million, or $0.83 per diluted share, in the first six months of 2025. Eagle’s board of directors increased its quarterly cash dividend by 1.7% to $0.1475 per share on July 16, 2026. The dividend will be payable on September 4, 2026, to shareholders of record on August 14, 2026. The current dividend represents an annualized yield of 2.63% based on the average closing price of the Company’s common stock reported on NASDAQ during the second quarter of 2026 of $22.44 per share. “Our second quarter results reflect the strength of our franchise and the consistency with which we generate core earnings,” said Laura F. Clark, CEO. “Compared to the same quarter last year, both net income and earnings per share moved higher, a result supported by continued improvement in funding cost alongside resilient asset yields. Net interest margin also continued to expand, climbing to 4.15% for the second quarter. Backed by a strong core deposit base and a well-diversified loan portfolio, we are well positioned to pursue growth opportunities across our footprint and continuing to create lasting value for our shareholders.” Second Quarter 2026 Highlights (at or for the three-month period ended June 30, 2026, except where noted): Net income was $3.7 million, or $0.47 per diluted share, in the second quarter of 2026, compared to $4.0 million, or $0.51 per diluted share in the preceding quarter, and $3.2 million, or $0.41 per diluted share, in the second quarter a year ago. Net interest margin (“NIM”) was 4.15% in the second quarter of 2026, compared to 4.11% in the preceding quarter and 3.91% in the second quarter a year ago. Net interest income, before the provision for credit losses, increased 2.3% to $19.1 million in the second quarter of 2026, compared to $18.7 million in the first quarter of 2026, and increased 5.5% compared to $18.1 million in the second quarter of 2025. Revenues (net interest income before the provision for credit losses, plus noninterest income) were $24.2 million in the second quarter of 2026, compared to $23.6 million in the preceding quarter and $23.0 million in the second quarter a year ago. Total loans of $1.56 billion increased $39.1 million compared to March 31, 2026 and decreased $11.3 million compared to a year earlier. The allowance for credit losses was $17.6 million, or 1.13% of total loans, at June 30, 2026, compared to $17.4 million, or 1.15% of total loans, at March 31, 2026, and $17.7 million, or 1.13% of total loans, a year ago. Total deposits of $1.79 billion remained unchanged compared to March 31, 2026 and increased $52.3 million, or 3.0%, compared to a year earlier. Eagles’s common shareholders’ equity (book value) per share increased to $24.78 at June 30, 2026, compared to $24.22 at March 31, 2026, and $22.72 at June 30, 2025. Tangible book value per share (non-GAAP) increased to $20.07 at June 30, 2026, compared to $19.48 at March 31, 2026, and $17.86 at June 30, 2025. The Company’s available borrowing capacity was approximately $575.0 million at June 30, 2026, compared to $593.1 million at March 31, 2026, and $463.0 million at June 30, 2025. The Company paid a quarterly cash dividend in the second quarter of $0.1450 per share on June 5, 2026, to shareholders of record May 15, 2026. Balance Sheet Results Total assets were $2.13 billion at June 30, 2026, compared to $2.14 billion one year ago, and $2.09 billion three months earlier. The investment securities portfolio totaled $285.7 million at June 30, 2026, compared to $285.0 million a year ago, and $274.9 million at March 31, 2026. Eagle originated $88.1 million in new residential mortgages during the quarter and sold $72.5 million in residential mortgages, with an average gross margin on sale of mortgage loans of approximately 3.07%. This production compares to residential mortgage originations of $75.0 million in the preceding quarter with sales of $66.1 million and an average gross margin on sale of mortgage loans of approximately 2.54%. Total loans decreased $11.3 million compared to a year ago and increased $39.1 million compared to three months earlier. Commercial real estate loans increased to $684.4 million at June 30, 2026, compared to $675.3 million a year earlier. Commercial real estate loans were comprised of 72.1% non-owner occupied and 27.9% owner occupied at June 30, 2026. Agricultural and farmland loans decreased 7.3% to $294.2 million at June 30, 2026, compared to $317.3 million a year earlier. Residential mortgage loans decreased 2.3% to $143.7 million, compared to $147.1 million a year earlier. Commercial loans increased 6.0% to $161.5 million, compared to $152.3 million a year ago. Commercial construction and development loans decreased 2.1% to $98.9 million, compared to $101.0 million a year ago. Home equity loans increased 5.7% to $108.6 million, residential construction loans decreased 3.2% to $45.6 million, and consumer loans decreased 19.5% to $21.5 million, compared to a year ago. “Deposit costs continued a downward trajectory during the second quarter, reflecting the strength of our core deposit base and the favorable repricing of maturing CDs, and we anticipate deposit costs will remain well-managed throughout the remainder of the year, even as the interest rate environment evolves,” said Miranda Spaulding, Chief Financial Officer. Total deposits increased to $1.79 billion at June 30, 2026 from $1.74 billion at June 30, 2025, and remained unchanged compared to March 31, 2026. Noninterest-bearing checking accounts represented 25.0%, interest-bearing checking accounts represented 11.9%, savings accounts represented 11.8%, money market accounts comprised 25.2% and time certificates of deposit made up 26.1% of the total deposit portfolio at June 30, 2026. The average cost of total deposits was 1.49% in the second quarter of 2026, compared to 1.52% in the preceding quarter and 1.62% in the second quarter of 2025. The estimated amount of uninsured deposits was approximately $359.8 million, or 20% of total deposits, at June 30, 2026, compared to $354.1 million, or 20% of total deposits, at March 31, 2026. FHLB advances and other borrowings decreased to $52.1 million at June 30, 2026, compared to $119.4 million at June 30, 2025, and increased compared to $26.7 million at March 31, 2026. The average cost of FHLB advances and other borrowings was 5.30% in the second quarter of 2026, compared to 5.46% in the preceding quarter and 4.65% in the second quarter of 2025. Other borrowings at June 30, 2026 include the Company’s line of credit draw for $13.0 million at an average rate of 6.34% for the second quarter of 2026, compared to $15.0 million at an average rate of 6.34% for the first quarter of 2026. Shareholders’ equity was $197.4 million at June 30, 2026, compared to $180.6 million a year earlier and $193.0 million three months earlier. Book value per share of $24.78 at June 30, 2026, increased 9.1%, compared to $22.72 a year earlier, and increased 2.3%, compared to $24.22 three months earlier. Tangible book value per share, a non-GAAP financial measure calculated by dividing shareholders’ equity, less goodwill and core deposit intangible, by common shares outstanding, of $20.07 at June 30, 2026, increased 12.4%, compared to $17.86 a year earlier and increased 3.0%, compared to $19.48 three months earlier. Operating Results “Our net interest margin improved four-basis points sequentially and expanded 24-basis points over the same period last year, as a meaningful decline in funding costs more than offset modest compression in earning asset yields. With the policy backdrop now pointing toward the potential for rate increases, we are closely monitoring the impact on our liability costs and remain focused on balance sheet positioning to help sustain net interest margin,” said Spaulding. Eagle’s NIM was 4.15% in the second quarter of 2026, compared to 4.11% in the preceding quarter and 3.91% in the second quarter a year ago. The interest accretion on acquired loans totaled $94,000 and resulted in a two-basis point increase in the NIM during the second quarter of 2026, compared to $185,000 and a four-basis point increase in the NIM during the preceding quarter. Average yields on interest earning assets for the second quarter of 2026 were 5.77%, compared to 5.76% in the first quarter of 2026 and 5.85% in the second quarter a year ago. Funding costs for the second quarter of 2026 decreased to 2.12%, compared to 2.15% in the first quarter of 2026 and 2.45% in the second quarter of 2025. For the first six months of 2026, NIM expanded 31 basis points to 4.13% compared to 3.82% for the first six months of 2025. Net interest income, before the provision for credit losses, was $19.1 million in the second quarter of 2026, compared to $18.7 million in the first quarter of 2026, and increased 5.5% compared to $18.1 million in the second quarter of 2025. Year-to-date, net interest income increased 8.0% to $37.8 million, compared to $35.0 million in the same period one year earlier. Revenues for the second quarter of 2026 were $24.2 million, compared to $23.6 million in the preceding quarter and increased 5.2% compared to $23.0 million in the second quarter a year ago. In the first six months of 2026, revenues were $47.7 million, an 8.8% increase compared to $43.9 million in the first six months of 2025. Total noninterest income was $5.0 million in the second quarter of 2026, compared to $4.9 million in the preceding quarter, and increased 4.4% compared to $4.8 million in the second quarter a year ago. In the first six months of 2026, noninterest income increased 12.2% to $9.9 million, compared to $8.8 million in the first six months of 2025. Net mortgage banking income, the largest component of noninterest income, totaled $2.9 million in the second quarter of 2026, compared to $2.4 million in the preceding quarter and $2.9 million in the second quarter a year ago. Net mortgage banking income increased 6.0% to $5.4 million in the first six months of 2026, compared to $5.1 million in the first six months of 2025. “We continue to apply careful financial discipline, all while prioritizing investment in the areas we are confident will drive the greatest long-term impact,” said Darryl Rensmon, President and Chief Operating Officer. Eagle’s second quarter noninterest expense was $19.0 million, compared to $18.2 million in the preceding quarter, and increased 5.9% compared to $17.9 million in the second quarter of 2025. In the first six months of 2026, noninterest expense increased 6.5% to $37.2 million, compared to $34.9 million in the first six months of 2025. The increases to the quarterly and year-to-date non-interest expense relate primarily to increases in salaries and employee benefits. For the second quarter of 2026, the Company recorded income tax expense of $1.1 million, compared to $1.1 million in the preceding quarter and $751,000 in the second quarter of 2025. The effective tax rate for the second quarter of 2026 was 22.9%, compared to 21.8% for the first quarter of 2026 and 18.8% for the second quarter of 2025. The year-to-date effective tax rate was 22.3% for 2026 compared to 17.6% for the same period in 2025. The effective tax rate has increased as the Company’s pretax earnings have increased at a faster pace than tax exempt income. Credit Quality Eagle recorded a $343,000 provision for credit losses for the second quarter of 2026, compared to a $279,000 provision for credit losses in the preceding quarter and a $1.0 million provision for credit losses in the second quarter a year ago. The allowance for credit losses represented 423.5% of nonperforming loans at June 30, 2026, compared to 315.0% three months earlier and 348.8% a year earlier. Nonperforming loans were $4.2 million at June 30, 2026, $5.5 million at March 31, 2026, and $5.1 million a year earlier. Net loan charge-offs totaled $193,000 in the second quarter of 2026, compared to $49,000 in the preceding quarter and $48,000 in the second quarter a year ago. The allowance for credit losses was $17.6 million, or 1.13% of total loans, at June 30, 2026, compared to $17.4 million, or 1.15% of total loans, at March 31, 2026, and $17.7 million, or 1.13% of total loans a year ago. Capital Management Eagles’s ratio of tangible common shareholders’ equity (shareholders’ equity, less goodwill and core deposit intangible) to tangible assets (total assets, less goodwill and core deposit intangible) was 7.66% at June 30, 2026, up from 6.77% a year ago and 7.55% three months earlier. This ratio is a non-GAAP financial measure. For the most comparable GAAP financial measure, see “Reconciliation of Non-GAAP Financial Measures” below. The Bank’s Tier 1 capital to adjusted total average assets was 10.93% as of June 30, 2026. As of June 30, 2026, the Bank’s regulatory capital was in excess of all applicable regulatory requirements and is deemed well capitalized. 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, expense management initiatives, deposit costs, 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, including the U.S. direct involvement in war in the Middle East, 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 direct or indirect impact of any new regulatory, policy or enforcement developments resulting from the policies or actions of the current U.S. presidential administration, including the implementation of tariffs and other protectionist trade policies, including any reciprocal tariffs by foreign countries, and any uncertainties related thereto; 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 or unexpected outflows of deposits which may require us to sell investment securities at a loss; limitations on Eagle’s ability to receive dividends from its subsidiaries; 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; 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; Eagle’s ability to assess and monitor the effect of evolving uses of artificial intelligence on its business and operations; the effects of any 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 Additional Financial Information contains non-GAAP financial measures. Non-GAAP financial measures in this release include: 1) core efficiency ratio, 2) tangible book value per share and 3) tangible common shareholders’ 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 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. A reconciliation of the GAAP and non-GAAP financial measures is presented below. Contacts:        Laura F. Clark, CEO        (406) 457-4007        P. Darryl Rensmon, President and COO        (406) 441-5005        Miranda J. Spaulding, EVP and CFO        (406) 441-5010

Eagle Bancorp Montana, Inc. (EBMT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +22%. Revenues are expected to be $23.5 million, up 2.4% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Eagle Bancorp Montana, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.37%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination makes it difficult to conclusively predict that Eagle Bancorp Montana will beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Eagle Bancorp Montana would post earnings of $0.45 per share when it actually produced earnings of $0.51, delivering a surprise of +13.33%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Eagle Bancorp Montana doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Bancorp Montana, Inc. (EBMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

German American Bancorp (GABC) came out with quarterly earnings of $1.02 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.87%. A quarter ago, it was expected that this financial services holding company would post earnings of $0.9 per share when it actually produced earnings of $0.88, delivering a surprise of -2.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. German American Bancorp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $99.95 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.55%. This compares to year-ago revenues of $89.89 million. The company has topped consensus revenue estimates four times over the last four quarters. 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. German American Bancorp shares have added about 23.6% since the beginning of the year versus the S&P 500's gain of 8.3%. While German American Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for German American Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.94 on $100.27 million in revenues for the coming quarter and $3.73 on $396.8 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Eagle Bancorp Montana, Inc. (EBMT), is yet to report results for the quarter ended June 2026. This company is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +22%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Eagle Bancorp Montana, Inc.'s revenues are expected to be $23.5 million, up 2.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report German American Bancorp, Inc. (GABC) : Free Stock Analysis Report Eagle Bancorp Montana, Inc. (EBMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

HELENA, Mont., April 28, 2026 (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 $4.0 million, or $0.51 per diluted share, in the first quarter of 2026, compared to $4.7 million, or $0.60 per diluted share, in the preceding quarter, and $3.2 million, or $0.41 per diluted share, in the first quarter of 2025. Eagle’s board of directors declared a quarterly cash dividend of $0.145 per share on April 23, 2026. The dividend will be payable June 5, 2026, to shareholders of record May 15, 2026. The current dividend represents an annualized yield of 2.72% based on the average closing price of the Company’s common stock reported on NASDAQ during the first quarter of 2026 of $21.32 per share. “Eagle’s first quarter results reflect the continued strength of our franchise and the durability of our core earnings,” said Laura F. Clark, President and CEO. “Net income and earnings per share increased compared to the first quarter of last year, driven by further improvement in our funding costs, resilient asset yields and disciplined expense management. Net interest margin continued to expand during the quarter, and with a strong core deposit base and a diversified loan portfolio, we remain well positioned to pursue opportunities across our Montana market and deliver long term value for our shareholders.” First Quarter 2026 Highlights (at or for the three-month period ended March 31, 2026, except where noted): Net income was $4.0 million, or $0.51 per diluted share, in the first quarter of 2026, compared to $4.7 million, or $0.60 per diluted share in the preceding quarter, and $3.2 million, or $0.41 per diluted share, in the first quarter a year ago. Net interest margin (“NIM”) was 4.11% in the first quarter of 2026, a three-basis point increase compared to 4.08% in the preceding quarter and a 37-basis point increase compared to the first quarter a year ago. Net interest income, before the provision for credit losses, decreased 2.4% to $18.7 million in the first quarter of 2026, compared to $19.2 million in the fourth quarter of 2025, and increased 10.7% compared to $16.9 million in the first quarter of 2025. Revenues (net interest income before the provision for credit losses, plus noninterest income) were $23.6 million in the first quarter of 2026, compared to $24.3 million in the preceding quarter and $20.9 million in the first quarter a year ago. Total loans at March 31, 2026 remained relatively consistent, compared to a year earlier, and three months earlier. The allowance for credit losses represented 1.15% of portfolio loans and 315.0% of nonperforming loans at March 31, 2026, compared to 1.10% of total portfolio loans and 313.2% of nonperforming loans at March 31, 2025, and compared to 1.14% of total portfolio loans and 308.4% of nonperforming loans at December 31, 2025. Total deposits increased $96.1 million or 5.7% to $1.79 billion at March 31, 2026, compared to a year earlier, and increased $4.5 million or 0.3%, compared to December 31, 2025. The Company’s available borrowing capacity was approximately $593.1 million at March 31, 2026, compared to $601.0 million at December 31, 2025. The Company paid a quarterly cash dividend in the first quarter of $0.145 per share on March 6, 2026, to shareholders of record February 13, 2026. Balance Sheet Results Total assets were $2.09 billion at March 31, 2026, unchanged compared to a year earlier, and $2.11 billion three months earlier. The investment securities portfolio totaled $274.9 million at March 31, 2026, compared to $291.7 million a year ago, and $281.7 million at December 31, 2025. Eagle originated $75.0 million in new residential mortgages during the quarter and sold $66.1 million in residential mortgages, with an average gross margin on sale of mortgage loans of approximately 2.54%. This production compares to residential mortgage originations of $66.8 million in the preceding quarter with sales of $64.3 million and an average gross margin on sale of mortgage loans of approximately 3.21%. Total loans decreased $4.2 million compared to a year ago and were unchanged from three months earlier. Commercial real estate loans increased modestly to $667.7 million at March 31, 2026, compared to $666.3 million a year earlier. Commercial real estate loans were comprised of 72.5% non-owner occupied and 27.5% owner occupied at March 31, 2026. Agricultural and farmland loans decreased 1.4% to $280.5 million at March 31, 2026, compared to $284.6 million a year earlier. Residential mortgage loans decreased 3.1% to $145.1 million, compared to $149.7 million a year earlier. Commercial loans increased 8.5% to $151.6 million, compared to $139.7 million a year ago. Commercial construction and development loans decreased 10.7% to $98.3 million, compared to $110.1 million a year ago. Home equity loans increased 8.6% to $109.3 million, residential construction loans decreased 3.9% to $43.7 million, and consumer loans decreased 14.2% to $23.2 million, compared to a year ago. “Deposit costs continued to decline in the first quarter as we maintained our strong core deposit base and maturing CDs repriced lower, and we expect this momentum to continue through the remainder of the year,” said Miranda Spaulding, Chief Financial Officer. Total deposits increased to $1.79 billion at March 31, 2026, compared to $1.69 billion at March 31, 2025, and $1.78 billion at December 31, 2025. Noninterest-bearing checking accounts represented 24.5%, interest-bearing checking accounts represented 12.2%, savings accounts represented 12.0%, money market accounts comprised 24.8% and time certificates of deposit made up 26.5% of the total deposit portfolio at March 31, 2026. The average cost of total deposits was 1.52% in the first quarter of 2026, compared to 1.53% in the preceding quarter and 1.67% in the first quarter of 2025. The estimated amount of uninsured deposits was approximately $354.1 million, or 20% of total deposits, at March 31, 2026, compared to $354.6 million, or 20% of total deposits, at December 31, 2025. FHLB advances and other borrowings decreased to $26.7 million at March 31, 2026, compared to $125.0 million at March 31, 2025, and $38.0 million at December 31, 2025. The average cost of FHLB advances and other borrowings was 5.46% in the first quarter of 2026, compared to 5.07% in the preceding quarter and 4.75% in the first quarter of 2025. Other borrowings at March 31, 2026, and December 31, 2025 include the Company’s line of credit draw for $15.0 million at an average rate of 6.34% for the first quarter of 2026, compared to 6.61% for the fourth quarter of 2025. Shareholders’ equity was $193.0 million at March 31, 2026, compared to $177.6 million a year earlier and $191.8 million three months earlier. Book value per share of $24.22 at March 31, 2026 increased 8.8%, compared to $22.26 a year earlier, and increased 0.5%, compared to $24.10 three months earlier. Tangible book value per share, a non-GAAP financial measure calculated by dividing shareholders’ equity, less goodwill and core deposit intangible, by common shares outstanding, of $19.48 at March 31, 2026 increased 12.1%, compared to $17.38 a year earlier and increased 0.8%, compared to $19.32 three months earlier. Operating Results “Our net interest margin improved three-basis points sequentially and expanded 37-basis points over the prior year quarter, driven by a meaningful reduction in funding costs that more than offset modest compression in earning asset yields. While the interest rate environment remains increasingly tied to the broader policy backdrop, we remain optimistic that further easing, should it materialize, will provide additional relief on the liability side of the balance sheet and further net interest margin expansion,” said Spaulding. Eagle’s NIM was 4.11% in the first quarter of 2026, compared to 4.08% in the preceding quarter and 3.74% in the first quarter a year ago. The interest accretion on acquired loans totaled $185,000 and resulted in a four-basis point increase in the NIM during the first quarter of 2026, compared to $138,000 and a three-basis point increase in the NIM during the preceding quarter. Average yields on interest earning assets for the first quarter of 2026 were 5.76%, compared to 5.83% in the fourth quarter of 2025 and 5.76% in the first quarter a year ago. Funding costs for the first quarter of 2026 decreased to 2.15%, compared to 2.28% in the fourth quarter of 2025 and 2.54% in the first quarter of 2025. Net interest income, before the provision for credit losses, was $18.7 million in the first quarter of 2026, compared to $19.2 million in the fourth quarter of 2025, and increased 10.7% compared to $16.9 million in the first quarter of 2025. Revenues for the first quarter of 2026 were $23.6 million, compared to $24.3 million in the preceding quarter and increased 12.7% compared to $20.9 million in the first quarter a year ago. Total noninterest income was $4.9 million in the first quarter of 2026, compared to $5.1 million in the preceding quarter, and increased 21.5% compared to $4.0 million in the first quarter a year ago. Net mortgage banking income, the largest component of noninterest income, totaled $2.4 million in the first quarter of 2026, compared to $2.6 million in the preceding quarter and $2.1 million in the first quarter a year ago. “We remain disciplined in how we manage costs while continuing to direct capital towards the investments we believe will generate the most meaningful long-term results,” said Darryl Rensmon, Chief Operating Officer. Eagle’s first quarter noninterest expense was $18.2 million, which was unchanged compared to the preceding quarter. The $1.2 million, or 7.1% increase compared to the first quarter a year ago was largely due to higher salaries and employee benefits expense. For the first quarter of 2026, the Company recorded income tax expense of $1.1 million, compared to $1.4 million in the preceding quarter and $631,000 in the first quarter of 2025. The effective tax rate for the first quarter of 2026 was 21.8%, compared to 22.2% for the fourth quarter of 2025 and 16.3% for the first quarter of 2025. Credit Quality Eagle recorded a $279,000 provision for credit losses for the first quarter of 2026, compared to a $39,000 provision for credit losses in the preceding quarter and a $42,000 provision for credit losses in the first quarter a year ago. The allowance for credit losses represented 315.0% of nonperforming loans at March 31, 2026, compared to 308.4% three months earlier and 313.2% a year earlier. Nonperforming loans were $5.5 million at March 31, 2026, $5.6 million at December 31, 2025, and $5.3 million a year earlier. Net loan charge-offs totaled $49,000 in the first quarter of 2026, compared to $99,000 in the preceding quarter and $2,000 in the first quarter a year ago. The allowance for credit losses was $17.4 million, or 1.15% of total loans, at March 31, 2026, compared to $17.4 million, or 1.14% of total loans, at December 31, 2025, and $16.7 million, or 1.10% of total loans, a year ago. Capital Management Eagles’s ratio of tangible common shareholders’ equity (shareholders’ equity, less goodwill and core deposit intangible) to tangible assets (total assets, less goodwill and core deposit intangible) was 7.55% at March 31, 2026, up from 6.77% a year ago and 7.43% three months earlier. This ratio is a non-GAAP financial measure. For the most comparable GAAP financial measure, see “Reconciliation of Non-GAAP Financial Measures” below. The Bank’s Tier 1 capital to adjusted total average assets was 10.85% as of March 31, 2026. As of March 31, 2026, the Bank’s regulatory capital was in excess of all applicable regulatory requirements and is deemed well capitalized. Stock Repurchase Authority Eagle announced that its Board of Directors has authorized the repurchase of up to 400,000 shares of its common stock beginning May 1, 2026, representing approximately 5.0% of outstanding shares. Under the plan, shares may be purchased by the Company on the open market or in privately negotiated transactions. The extent to which the Company repurchases its shares and the timing of such repurchase will depend upon market conditions and other corporate considerations. The plan is expected to be in place for approximately 12 months, but may be suspended, terminated or modified by the Company’s Board of Directors at any time. The plan does not obligate the Company to purchase any particular number of shares. 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, expense management initiatives, 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, including the war in the Middle East, 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 direct or indirect impact of any new regulatory, policy or enforcement developments resulting from the policies or actions of the current U.S. presidential administration, including the implementation of tariffs and other protectionist trade policies, including any reciprocal tariffs by foreign countries, and any uncertainties related thereto; 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; limitations on Eagle’s ability to receive dividends from its subsidiaries; 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; Eagle’s ability to assess and monitor the effect of evolving uses of artificial intelligence on its business and operations; the effects of any 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 in this release 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 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. A reconciliation of the GAAP and non-GAAP financial measures is presented below.

HELENA, Mont., Jan. 27, 2026 (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 increased 30.3% to $4.7 million, or $0.60 per diluted share, in the fourth quarter of 2025, compared to $3.6 million, or $0.46 per diluted share, in the preceding quarter, and increased 37.8% compared to $3.4 million, or $0.44 per diluted share, in the fourth quarter of 2024. For the year ended December 31, 2025, net income increased 51.7% to $14.8 million, or $1.90 per diluted share, compared to $9.8 million, or $1.24 per diluted share, in 2024. Eagle’s board of directors declared a quarterly cash dividend of $0.145 per share on January 22, 2026. The dividend will be payable March 6, 2026, to shareholders of record February 13, 2026. The current dividend represents an annualized yield of 2.93% based on recent market prices. “We finished the year on a high note with excellent fourth quarter results that reflect the strength of our franchise,” said Laura F. Clark, President and CEO. “Net income and earnings per share grew compared to both the prior quarter and year-over-year, as we benefited from reduced funding costs, resilient asset yields and continued operational efficiency gains. The expansion in our net interest margin during the fourth quarter further strengthens our earnings profile as we look ahead. Our strong core deposit base and diversified loan portfolio position us well to capitalize on opportunities across our Montana markets, and we remain committed to executing our strategy and delivering long term shareholder value.” Fourth Quarter 2025 Highlights (at or for the three-month period ended December 31, 2025, except where noted): Net income was $4.7 million, or $0.60 per diluted share, in the fourth quarter of 2025, compared to $3.6 million, or $0.46 per diluted share in the preceding quarter, and $3.4 million, or $0.44 per diluted share, in the fourth quarter a year ago. Net interest margin (“NIM”) was 4.08% in the fourth quarter of 2025, a 14-basis point increase compared to 3.94% in the preceding quarter and a 49-basis point increase compared to the fourth quarter a year ago. Net interest income, before the provision for credit losses, increased 2.5% to $19.2 million in the fourth quarter of 2025, compared to $18.7 million in the third quarter of 2025, and increased 14.1% compared to $16.8 million in the fourth quarter of 2024. Revenues (net interest income before the provision for credit losses, plus noninterest income) increased 3.8% to $24.3 million in the fourth quarter of 2025, compared to $23.4 million in the preceding quarter and increased 13.7% compared to $21.4 million in the fourth quarter a year ago. Total loans were $1.52 billion, at December 31, 2025, unchanged compared to a year earlier, and a decrease compared to $1.56 billion at September 30, 2025. The allowance for credit losses represented 1.14% of portfolio loans and 308.4% of nonperforming loans at December 31, 2025, compared to 1.11% of total portfolio loans and 437.7% of nonperforming loans at December 31, 2024, and compared to 1.14% of total portfolio loans and 430.4% of nonperforming loans at September 30, 2025. Total deposits increased $100.4 million or 6.0% to $1.78 billion at December 31, 2025, compared to a year earlier, and increased $29.4 million or 1.7%, compared to September 30, 2025. The Company’s available borrowing capacity was approximately $601.0 million at December 31, 2025, compared to $404.0 million at December 31, 2024, and $508.4 million at September 30, 2025. On October 1, 2025, the Company redeemed all its outstanding 5.50% 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 $0.145 per share on December 5, 2025, to shareholders of record November 14, 2025. Balance Sheet Results Total assets were $2.11 billion at December 31, 2025, compared to $2.10 billion a year ago, and $2.12 billion three months earlier. The investment securities portfolio totaled $281.7 million at December 31, 2025, compared to $292.6 million a year ago, and $279.9 million at September 30, 2025. Eagle originated $66.8 million in new residential mortgages during the quarter and sold $64.3 million in residential mortgages, with an average gross margin on sale of mortgage loans of approximately 3.21%. This production compares to residential mortgage originations of $76.4 million in the preceding quarter with sales of $68.3 million and an average gross margin on sale of mortgage loans of approximately 3.27%. Total loans decreased $1.6 million compared to a year ago, and decreased $38.8 million, or 2.5%, from three months earlier. Commercial real estate loans decreased 1.5% to $636.0 million at December 31, 2025, compared to $646.0 million a year earlier. Commercial real estate loans were comprised of 70.7% non-owner occupied and 29.3% owner occupied at December 31, 2025. Agricultural and farmland loans increased 5.7% to $297.0 million at December 31, 2025, compared to $281.0 million a year earlier. Residential mortgage loans decreased 3.4% to $148.5 million, compared to $153.7 million a year earlier. Commercial loans increased 3.7% to $149.4 million, compared to $144.0 million a year ago. Commercial construction and development loans decreased 3.2% to $120.3 million, compared to $124.2 million a year ago. Home equity loans increased 10.8% to $108.1 million, residential construction loans decreased 22.8% to $35.3 million, and consumer loans decreased 14.3% to $24.4 million, compared to a year ago. “Like other community banks, we saw customers move toward higher yielding deposit products when rates were elevated. Now, with the 2024 and 2025 rate cuts taking effect, deposit costs are starting to ease, a trend we anticipate will gain momentum as maturing CDs roll over at reduced rates,” said Miranda Spaulding, Chief Financial Officer. Total deposits increased to $1.78 billion at December 31, 2025, compared to $1.68 billion at December 31, 2024, and $1.75 billion at September 30, 2025. Noninterest-bearing checking accounts represented 25.4%, interest-bearing checking accounts represented 12.3%, savings accounts represented 11.7%, money market accounts comprised 24.7% and time certificates of deposit made up 25.9% of the total deposit portfolio at December 31, 2025. The average cost of total deposits was 1.71% in the fourth quarter of 2025, compared to 1.63% in the preceding quarter and 1.71% in the fourth quarter of 2024. The estimated amount of uninsured deposits was approximately $354.6 million, or 20% of total deposits, at December 31, 2025, compared to $339.7 million, or 19% of total deposits, at September 30, 2025. FHLB advances and other borrowings decreased to $37.9 million at December 31, 2025, compared to $140.9 million at December 31, 2024, and $79.2 million at September 30, 2025. The average cost of FHLB advances and other borrowings was 5.07% in the fourth quarter of 2025, compared to 4.57% in the preceding quarter and 5.02% in the fourth quarter of 2024. Other borrowings for fourth quarter of 2025 include the line of credit draw for $15.0 million at an average rate of 6.61%. Shareholders’ equity was $191.8 million at December 31, 2025, compared to $174.8 million a year earlier and $186.5 million three months earlier. Book value per share increased to $24.10 at December 31, 2025, compared to $21.77 a year earlier and $23.45 three months earlier. Tangible book value per share, a non-GAAP financial measure calculated by dividing shareholders’ equity, less goodwill and core deposit intangible, by common shares outstanding, increased to $19.32 at December 31, 2025, compared to $16.88 a year earlier and $18.63 three months earlier. Operating Results “Our net interest margin expanded 14-basis points during the quarter from the prior quarter and expanded 49-basis points compared to the year ago quarter, reflecting declining funding costs combined with stable yields on our earning assets. While the current Fed rate environment is constantly evolving and subject to a changing political dynamic, we anticipate further improvement in our cost of funds if rates continue to decline,” said Spaulding. Eagle’s NIM was 4.08% in the fourth quarter of 2025, compared to 3.94% in the preceding quarter and 3.59% in the fourth quarter a year ago. The interest accretion on acquired loans totaled $138,000 and resulted in a three basis-point increase in the NIM during the fourth quarter of 2025, compared to $234,000 and a five-basis point increase in the NIM during the preceding quarter. Average yields on interest earning assets for the fourth quarter of 2025 were 5.83%, compared to 5.87% in the third quarter of 2025 and 5.70% in the fourth quarter a year ago. Funding costs for the fourth quarter of 2025 decreased to 2.28%, compared to 2.45% in the third quarter of 2025 and 2.69% in the fourth quarter of 2024. For the year, NIM expanded 50 basis points to 3.92% compared to 3.42% for 2024. Net interest income, before the provision for credit losses, increased 2.5% to $19.2 million in the fourth quarter of 2025, compared to $18.7 million in the third quarter of 2025, and increased 14.1% compared to $16.8 million in the fourth quarter of 2024. For 2025, net interest income increased 14.9% to $72.9 million, compared to $63.4 million one year earlier. Revenues for the fourth quarter of 2025 increased 3.8% to $24.3 million, compared to $23.4 million in the preceding quarter and increased 13.7% compared to $21.4 million in the fourth quarter a year ago. For 2025, revenues were $91.6 million, a 12.8% increase compared to $81.2 million in 2024. Total noninterest income increased 8.8% to $5.1 million in the fourth quarter of 2025, compared to $4.7 million in the preceding quarter, and increased 12.2% compared to $4.6 million in the fourth quarter a year ago. Net mortgage banking income, the largest component of noninterest income, totaled $2.6 million in the fourth quarter of 2025, compared to $2.9 million in the preceding quarter and $2.8 million in the fourth quarter a year ago. For the year, noninterest income increased 5.0% to $18.7 million, compared to $17.8 million in 2024. Net mortgage banking income increased 5.3% to $10.5 million in 2025, compared to $10.0 million in 2024. “We remain committed to balancing cost discipline with strategic investments that drive long term value,” said Darryl Rensmon, Chief Operating Officer. Eagle’s fourth quarter noninterest expense was $18.2 million, a decrease of 1.1% compared to $18.4 million in the preceding quarter and a 2.7% increase compared to $17.7 million in the fourth quarter a year ago. For the year, noninterest expense increased 3.2% to $71.5 million, compared to $69.3 million in 2024. For the fourth quarter of 2025, the Company recorded income tax expense of $1.4 million, compared to $1.3 million in the preceding quarter and $269,000 in the fourth quarter of 2024. The effective tax rate for the fourth quarter of 2025 was 22.2%, compared to 26.8% for the third quarter of 2025 and 7.3% for the fourth quarter of 2024. The effective tax rate was 21.5% for 2025 compared to 14.2% in 2024. The increase in the effective tax rate for 2025 is primarily due to the Company’s pretax earnings increasing at a faster pace than tax-exempt income. Credit Quality Eagle recorded a $39,000 provision for credit losses for the fourth quarter of 2025, compared to a $62,000 provision for credit losses in the preceding quarter and a $36,000 recapture to the provision for credit losses in the fourth quarter a year ago. The allowance for credit losses represented 308.4% of nonperforming loans at December 31, 2025, compared to 430.4% three months earlier and 437.7% a year earlier. Nonperforming loans were $5.6 million at December 31, 2025, $4.1 million at September 30, 2025, and $3.9 million a year earlier. Net loan charge-offs totaled $99,000 in the fourth quarter of 2025, compared to $72,000 in the preceding quarter and $44,000 in the fourth quarter a year ago. The allowance for credit losses was $17.4 million, or 1.14% of total loans, at December 31, 2025, compared to $17.7 million, or 1.14% of total loans, at September 30, 2025, and $16.9 million, or 1.11% of total loans, a year ago. Capital Management The Bank’s Tier 1 capital to adjusted total average assets was 10.62% as of December 31, 2025. The ratio of tangible common shareholders’ equity (shareholders’ equity, less goodwill and core deposit intangible) to tangible assets (total assets, less goodwill and core deposit intangible) was 7.43% at December 31, 2025, up from 6.57% a year ago and 7.12% three months earlier. This ratio is a non-GAAP financial measure. For the most comparable GAAP financial measure, see “Reconciliation of Non-GAAP Financial Measures” below. As of December 31, 2025, the Bank’s regulatory capital was in excess of all applicable regulatory requirements and is deemed well capitalized. 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, expense management initiatives, 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 direct or indirect impact of any new regulatory, policy or enforcement developments resulting from the policies or actions of the current U.S. presidential administration, including the implantation of tariffs and other protectionist trade policies, including any reciprocal tariffs by foreign countries, and any uncertainties related thereto; 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; limitations on Eagle’s ability to receive dividends from its subsidiaries; 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 any 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 in this release 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.

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Eagle Bancorp Montana (NASDAQ:EBMT). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Eagle Bancorp Montana with the means to add long-term value to shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Over the last three years, Eagle Bancorp Montana has grown EPS by 12% per year. That's a pretty good rate, if the company can sustain it. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Our analysis has highlighted that Eagle Bancorp Montana's revenue from operations did not account for all of their revenue in the previous 12 months, so our analysis of its margins might not accurately reflect the underlying business. While we note Eagle Bancorp Montana achieved similar EBIT margins to last year, revenue grew by a solid 9.4% to US$88m. That's encouraging news for the company! The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. Check out our latest analysis for Eagle Bancorp Montana You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for Eagle Bancorp Montana's future profits. As a general rule, it's worth considering how much the CEO is paid, since unreasonably high rates could be considered against the interests of shareholders. The median total compensation for CEOs of companies similar in size to Eagle Bancorp Montana, with market caps between US$100m and US$400m, is around US$1.4m. The Eagle Bancorp Montana CEO received total compensation of just US$572k in the year to December 2024. That's clearly well below average, so at a glance that arrangement seems generous to shareholders and points to a modest remuneration culture. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. Generally, arguments can be made that reasonable pay levels attest to good decision-making. One important encouraging feature of Eagle Bancorp Montana is that it is growing profits. To add to this, the modest CEO compensation should tell investors that the directors have an active interest in delivering the best for shareholders. So all in all Eagle Bancorp Montana is worthy at least considering for your watchlist. Of course, identifying quality businesses is only half the battle; investors need to know whether the stock is undervalued. So you might want to consider this free discounted cashflow valuation of Eagle Bancorp Montana. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Eagle Bancorp Montana (EBMT) posted a net profit margin of 15.5%, jumping from 10.6% in the prior year, and delivered 59.1% earnings growth year-over-year, a sharp turnaround from its five-year trend of a 15% average annual decline. Despite forecasts calling for a 3.3% annual revenue dip over the next three years and earnings growth that trails the US market, the stock trades at a price-to-earnings ratio of 9.2x, which is below both peers and industry averages and under the estimated fair value of $17.34 per share. The company's improved margins and compelling valuation metrics, alongside minimal risk signals, give investors reasons to see the latest results as a genuine bright spot. See our full analysis for Eagle Bancorp Montana. Now, let’s see how these numbers measure up against the key narratives investors and analysts have been following. Some perspectives could be challenged, while others might be strongly reinforced. Curious how numbers become stories that shape markets? Explore Community Narratives Net profit margin climbed to 15.5% this year from 10.6% a year ago, a material improvement not seen in the company’s recent five-year stretch of declines. Heavily supports the case that operational discipline has started to pay off, as shown by the jump from a 15% average annual earnings decline over five years to 59.1% annual earnings growth. Sustained margin gains, even as revenue is expected to slip by 3.3% annually over the next three years, reveal that management managed to redirect the business toward higher profitability rather than simply chasing revenue growth. This margin trend counters the prevailing notion that mid-size regional banks like Eagle Bancorp Montana must rely on volume for bottom-line gains. Instead, it suggests disciplined expense control is driving profitability. With a current price-to-earnings ratio of 9.2x versus 11x for peer banks and 11.2x for the industry, shares are trading well below even the estimated DCF fair value of $17.34, while the stock price sits at $16.04. Challenges the view that the market already prices in all positive trends, as this discount has persisted despite improved margins and a recent earnings surge. Bears who claim the valuation is ‘cheap for a reason’ may have to reconsider, since no major risk flags appeared this period and the company’s forward earnings growth is now positive, even if slightly trailing the broader US market’s 15.6%. Bulls point to the stock’s valuation gap as rare for a lender with high-quality recent profits, minimal insider selling, and a healthy dividend payout. There were no major risk events flagged in the period, with only minimal concern noted due to the absence of substantial insider selling in the last quarter; the company’s dividend remains a positive feature highlighted by investors. Reveals an uncommon degree of stability among regional lenders, with the current risk environment perceived as skewed toward reward on the back of high-quality earnings. What’s notable is that despite projected revenue softness and below-market forward earnings growth, the combination of risk moderation and steady dividends provides a support level for the stock uncommon in the regional banking sector. For income-focused investors, the situation is attractive, as there’s currently no data indicating pressure on the bank’s ability to maintain payouts given healthy profitability and balance sheet metrics. Consensus narrative suggests investors are watching closely to see if these strong margins and discounted valuation can persist even as revenue faces pressure. 📊 Read the full Eagle Bancorp Montana Consensus Narrative. Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Eagle Bancorp Montana's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. Eagle Bancorp Montana’s improved margins contrast with its ongoing challenge of declining revenue and earnings growth, which lags the broader US market. For a smoother ride through market cycles, use stable growth stocks screener (2122 results) to target companies delivering consistent growth and reliability even when conditions get tough. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include EBMT. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

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 $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 of 2024. In the first nine months of 2025, net income increased to $10.1 million, or $1.29 per diluted share, compared to $6.3 million, or $0.81 per diluted share, in the first nine months of 2024. Eagle’s board of directors declared a quarterly cash dividend of $0.145 per share on October 23, 2025. The dividend will be payable December 5, 2025, to shareholders of record November 14, 2025. The current dividend represents an annualized yield of 3.41% based on recent market prices. “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 to 3.91% 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 increased 18.3% 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 increased 12.6% 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 decreased 0.8% compared to $1.57 billion at June 30, 2025. The allowance for credit losses represented 1.14% of portfolio loans and 430.4% of nonperforming loans at September 30, 2025, compared to 1.12% of total portfolio loans and 356.7% of nonperforming loans at September 30, 2024, and compared to 1.13% of total portfolio loans and 348.8% of nonperforming loans at June 30, 2025. Total deposits increased $101.7 million or 6.2% to $1.75 billion at September 30, 2025, compared to a year earlier, and increased $14.3 million or 0.8%, 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 outstanding 5.50% 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 $0.145 per share on September 5, 2025, to shareholders of record August 15, 2025. Balance Sheet Results Total assets were $2.12 billion at September 30, 2025, compared to $2.15 billion a year ago, and $2.14 billion three months earlier. The investment securities portfolio totaled $279.9 million at September 30, 2025, compared to $307.0 million a year ago, and $285.0 million at June 30, 2025. Eagle originated $76.4 million in new residential mortgages during the quarter and sold $68.3 million in residential mortgages, with an average gross margin on sale of mortgage loans of approximately 3.27%. This production compares to residential mortgage originations of $66.7 million in the preceding quarter with sales of $54.6 million and an average gross margin on sale of mortgage loans of approximately 3.81%. Total loans increased $23.1 million, or 1.5%, compared to a year ago, and decreased $11.9 million, or 0.8%, from three months earlier. Commercial real estate loans increased 4.1% to $670.4 million at September 30, 2025, compared to $644.0 million a year earlier. Commercial real estate loans were comprised of 72.0% non-owner occupied and 28.0% owner occupied at September 30, 2025. Agricultural and farmland loans increased 8.3% to $314.1 million at September 30, 2025, compared to $290.0 million a year earlier. Residential mortgage loans decreased 4.9% to $149.1 million, compared to $156.8 million a year earlier. Commercial loans decreased modestly to $143.0 million, compared to $143.2 million a year ago. Commercial construction and development loans decreased 9.5% to $113.5 million, compared to $125.3 million a year ago. Home equity loans increased 13.9% to $106.6 million, residential construction loans decreased 32.2% to $35.4 million, and consumer loans decreased 13.2% to $25.6 million, compared to a year ago. “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 $1.75 billion at September 30, 2025, compared to $1.65 billion at September 30, 2024, and $1.74 billion at June 30, 2025. Noninterest-bearing checking accounts represented 24.5%, interest-bearing checking accounts represented 12.3%, savings accounts represented 11.7%, money market accounts comprised 25.7% and time certificates of deposit made up 25.8% of the total deposit portfolio at September 30, 2025. Time certificates of deposit included $22.1 million in brokered certificates at September 30, 2024 and $1.4 million at June 30, 2025. There were no brokered certificates at September 30, 2025. The average cost of total deposits was 1.63% in the third quarter of 2025, compared to 1.62% in the preceding quarter and 1.76% in the third quarter of 2024. The estimated amount of uninsured deposits was approximately $339.7 million, or 19% of total deposits, at September 30, 2025, compared to $329.0 million, or 19% of total deposits, at June 30, 2025. FHLB advances and other borrowings decreased to $79.2 million at September 30, 2025, compared to $219.2 million at September 30, 2024, and $119.4 million at June 30, 2025. The average cost of FHLB advances and other borrowings was 4.57% in the third quarter of 2025, compared to 4.65% in the preceding quarter and 5.36% in the third quarter of 2024. Shareholders’ equity was $186.5 million at September 30, 2025, compared to $177.7 million a year earlier and $180.6 million three months earlier. Book value per share increased to $23.45 at September 30, 2025, compared to $22.17 a year earlier and $22.72 three months earlier. Tangible book value per share, a non-GAAP financial measure calculated by dividing shareholders’ equity, less goodwill and core deposit intangible, by common shares outstanding, increased to $18.63 at September 30, 2025, compared to $17.23 a year earlier and $17.86 three months earlier. 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 3.94% in the third quarter of 2025 compared to 3.91% in the preceding quarter and 3.34% in the third quarter a year ago. The interest accretion on acquired loans totaled $234,000 and resulted in a five basis-point increase in the NIM during the third quarter of 2025, compared to $607,000 and a 13-basis point increase in the NIM during the preceding quarter. Average yields on interest earning assets for the third quarter of 2025 increased to 5.87%, compared to 5.85% in the second quarter of 2025 and 5.66% in the third quarter a year ago. Funding costs for the third quarter of 2025 were 2.45%, which was unchanged compared to the second quarter of 2025 and a decrease compared to 2.89% in the third quarter of 2024. For the first nine months of 2025, NIM expanded 50 basis points to 3.86% compared to 3.36% for the first nine months of 2024. 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 increased 18.3% compared to $15.8 million in the third quarter of 2024. Year-to-date, net interest income increased 15.2% to $53.7 million, compared to $46.6 million in the same period one year earlier. Revenues for the third quarter of 2025 increased 2.0% to $23.4 million, compared to $23.0 million in the preceding quarter and increased 12.6% compared to $20.8 million in the third quarter a year ago. In the first nine months of 2025, revenues were $67.3 million, a 12.4% increase compared to $59.9 million in the first nine months of 2024. Total noninterest income decreased 1.9% to $4.7 million in the third quarter of 2025, compared to $4.8 million in the preceding quarter, and decreased 5.3% compared to $5.0 million in the third quarter a year ago. Net mortgage banking income, the largest component of noninterest income, totaled $2.9 million in the third quarter of 2025, which was unchanged compared to the preceding quarter and an increase compared to $2.6 million in the third quarter a year ago. In the first nine months of 2025, noninterest income increased 2.5% to $13.5 million, compared to $13.2 million in the first nine months of 2024. Net mortgage banking income increased 10.9% to $8.0 million in the first nine months of 2025, compared to $7.2 million in the first nine months of 2024. Eagle’s third quarter noninterest expense was $18.4 million, an increase of 2.6% compared to $17.9 million in the preceding quarter and a 6.5% increase compared to $17.3 million in the third quarter a year ago. In the first nine months of 2025, noninterest expense increased 3.3% to $53.3 million, compared to $51.6 million in the first nine months of 2024. Salaries and employee benefits expense was the driver of the increase. For the third quarter of 2025, the Company recorded income tax expense of $1.3 million, compared to $751,000 in the preceding quarter and $529,000 in the third quarter of 2024. The effective tax rate for the third quarter of 2025 was 26.8%, compared to 18.8% for the second quarter of 2025 and 16.3% for the third quarter of 2024. The year-to-date effective tax rate was 21.1% for 2025 compared to 17.5% for the same period in 2024. The effective tax rate has started to rise as the Company’s pretax earnings have increased at a faster pace than tax-exempt income. Credit Quality Eagle recorded a $62,000 provision for credit losses for the third quarter of 2025, compared to $1.0 million in the preceding quarter and $277,000 in the third quarter a year ago. The allowance for credit losses represented 430.4% of nonperforming loans at September 30, 2025, compared to 348.8% three months earlier and 356.7% a year earlier. Nonperforming loans were $4.1 million at September 30, 2025, $5.1 million at June 30, 2025, and $4.8 million a year earlier. Net loan charge-offs totaled $72,000 in the third quarter of 2025, compared to $48,000 in the preceding quarter and $17,000 in the third quarter a year ago. The allowance for credit losses was $17.7 million, or 1.14% of total loans, at September 30, 2025, compared to $17.7 million, or 1.13% of total loans, at June 30, 2025, and $17.1 million, or 1.12% of total loans, a year ago. Capital Management The Bank’s Tier 1 capital to adjusted total average assets was 10.35% as of September 30, 2025. The ratio of tangible common shareholders’ equity (shareholders’ equity, less goodwill and core deposit intangible) to tangible assets (total assets, less goodwill and core deposit intangible) was 7.12% at September 30, 2025, up from 6.56% a year ago and 6.77% three months earlier. This ratio is a non-GAAP financial measure. For the most comparable GAAP financial measure, see “Reconciliation of Non-GAAP Financial Measures” below. As of September 30, 2025, the Bank’s regulatory capital was in excess of all applicable regulatory requirements and is deemed well capitalized. 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. Contacts: Laura F. Clark, President and CEO (406) 457-4007 Miranda J. Spaulding, SVP and CFO (406) 441-5010

HELENA, Mont., July 29, 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 $3.2 million, or $0.41 per diluted share, in the second quarter of 2025, compared to $3.2 million, or $0.41 per diluted share, in the preceding quarter, and $1.7 million, or $0.22 per diluted share, in the second quarter of 2024. In the first six months of 2025, net income increased to $6.5 million, or $0.83 per diluted share, compared to $3.6 million, or $0.46 per diluted share, in the first six months of 2024. Eagle’s board of directors declared a quarterly cash dividend of $0.145 per share on July 24, 2025. The dividend will be payable September 5, 2025, to shareholders of record August 15, 2025. The current dividend represents an annualized yield of 3.32% based on recent market prices. “We delivered strong financial results for the second quarter of 2025, marked by growth in both loans and deposits, as well as continued expansion in our net interest margin,” said Laura F. Clark, President and CEO. “Our efforts to strengthen the balance sheet and expand our community banking presence throughout Montana are yielding results, supported by a stable core deposit base and a diversified loan portfolio. Despite the ongoing impact of market volatility and interest rate fluctuations, we remain well-positioned within our markets to drive sustainable growth throughout the remainder of the year.” Second Quarter 2025 Highlights (at or for the three-month period ended June 30, 2025, except where noted): Net income was $3.2 million, or $0.41 per diluted share, in the second quarter of 2025, which is consistent with the preceding quarter, and compared to $1.7 million, or $0.22 per diluted share, in the second quarter a year ago. Net interest margin (“NIM”) was 3.91% in the second quarter of 2025, a 17-basis point increase compared to 3.74% in the preceding quarter and a 50-basis point increase compared to the second quarter a year ago. Net interest income, before the provision for credit losses, increased 7.4% to $18.1 million in the second quarter of 2025, compared to $16.9 million in the first quarter of 2025, and increased 16.1% compared to $15.6 million in the second quarter of 2024. Revenues (net interest income before the provision for credit losses, plus noninterest income) increased 9.7% to $23.0 million in the second quarter of 2025, compared to $20.9 million in the preceding quarter and increased 15.3% compared to $19.9 million in the second quarter a year ago. Total loans increased 3.4% to $1.57 billion, at June 30, 2025, compared to $1.52 billion a year earlier, and increased 3.0% compared to $1.52 billion at March 31, 2025. The allowance for credit losses represented 1.13% of portfolio loans and 348.8% of nonperforming loans at June 30, 2025, compared to 1.11% of total portfolio loans and 330.8% of nonperforming loans at June 30, 2024, and compared to 1.10% of total portfolio loans and 313.2% of nonperforming loans at March 31, 2025. Total deposits increased $119.1 million or 7.4% to $1.74 billion at June 30, 2025, compared to a year earlier, and increased $48.0 million or 2.8%, compared to March 31, 2025. The Company’s available borrowing capacity was approximately $463.0 million at June 30, 2025, compared to $374.5 million at June 30, 2024, and $437.4 million at March 31, 2025. The Company repurchased 25,000 shares of the Company’s common stock in the second quarter at an average price of $16.34 per share. The Company paid a quarterly cash dividend in the second quarter of $0.1425 per share on June 6, 2025, to shareholders of record May 16, 2025. Balance Sheet Results Total assets were $2.14 billion at June 30, 2025, compared to $2.10 billion a year ago, and $2.09 billion three months earlier. The investment securities portfolio totaled $285.0 million at June 30, 2025, compared to $306.9 million a year ago, and $291.7 million at March 31, 2025. Eagle originated $78.6 million in new residential mortgages during the quarter and sold $54.6 million in residential mortgages, with an average gross margin on sale of mortgage loans of approximately 3.81%. This production compares to residential mortgage originations of $43.2 million in the preceding quarter with sales of $42.8 million and an average gross margin on sale of mortgage loans of approximately 3.15%. Total loans increased $52.2 million, or 3.4%, compared to a year ago, and increased $46.2 million, or 3.0%, from three months earlier. Commercial real estate loans increased 7.6% to $675.3 million at June 30, 2025, compared to $627.3 million a year earlier. Commercial real estate loans were comprised of 71.9% non-owner occupied and 28.1% owner occupied at June 30, 2025. Agricultural and farmland loans increased 13.5% to $317.3 million at June 30, 2025, compared to $279.5 million a year earlier. Residential mortgage loans decreased 6.3% to $147.1 million, compared to $157.1 million a year earlier. Commercial loans increased 6.1% to $152.3 million, compared to $143.6 million a year ago. Commercial construction and development loans decreased 26.5% to $101.0 million, compared to $137.4 million a year ago. Home equity loans increased 10.3% to $102.8 million, residential construction loans decreased 6.1% to $47.1 million, and consumer loans decreased 8.4% to $26.7 million, compared to a year ago. "Over the past several quarters, our deposit mix has shifted toward higher-yielding deposit products, consistent with trends seen across the community banking sector in response to a sustained high interest rate environment. Following the rate cuts from the latter half of 2024, we have begun to see a moderation in deposit pricing. We anticipate this trend will continue as maturing certificates of deposit reprice at lower rates,” said Miranda Spaulding, CFO. “However, we remain cautious, as emerging inflationary pressures-including potential impacts from new tariffs and broader cost increases-could influence future interest rate policy and impact our current repricing expectations.” Total deposits increased to $1.74 billion at June 30, 2025, compared to $1.62 billion at June 30, 2024, and $1.69 billion at March 31, 2025. Noninterest-bearing checking accounts represented 24.0%, interest-bearing checking accounts represented 11.8%, savings accounts represented 11.8%, money market accounts comprised 25.9% and time certificates of deposit made up 26.5% of the total deposit portfolio at June 30, 2025. Time certificates of deposit include $1.4 million in brokered certificates at June 30, 2025, compared to $26.2 million at June 30, 2024 and $6.2 million at March 31, 2025. The average cost of total deposits was 1.62% in the second quarter of 2025, compared to 1.67% in the preceding quarter and 1.70% in the second quarter of 2024. The estimated amount of uninsured deposits was approximately $329.0 million, or 19% of total deposits, at June 30, 2025, compared to $309.0 million, or 18% of total deposits, at March 31, 2025. FHLB advances and other borrowings decreased to $119.4 million at June 30, 2025, compared to $215.1 million at June 30, 2024, and $125.0 million at March 31, 2025. The average cost of FHLB advances and other borrowings was 4.65% in the second quarter of 2025, compared to 4.75% in the preceding quarter and 5.47% in the second quarter of 2024. Shareholders’ equity was $180.6 million at June 30, 2025, compared to $170.2 million a year earlier and $177.6 million three months earlier. Book value per share increased to $22.72 at June 30, 2025, compared to $21.23 a year earlier and $22.26 three months earlier. Tangible book value per share, a non-GAAP financial measure calculated by dividing shareholders’ equity, less goodwill and core deposit intangible, by common shares outstanding, increased to $17.86 at June 30, 2025, compared to $16.25 a year earlier and $17.38 three months earlier. Operating Results “The combination of higher yields on interest-earning assets and a decline in our cost of funds led to a 17-basis point increase in our net interest margin this second quarter compared to the prior quarter. Given the current Fed rate environment, we expect further improvement in our funding costs moving forward,” said Spaulding. Eagle’s NIM was 3.91% in the second quarter of 2025, a 17-basis point increase compared to 3.74% in the preceding quarter and a 50-basis point improvement compared to the second quarter a year ago. The interest accretion on acquired loans totaled $607,000 and resulted in a 13 basis-point increase in the NIM during the second quarter of 2025, compared to $172,000 and a four basis-point increase in the NIM during the preceding quarter. Average yields on interest earning assets for the second quarter of 2025 increased to 5.85%, compared to 5.76% in the first quarter of 2025 and 5.64% in the second quarter a year ago. Funding costs for the second quarter of 2025 were 2.45%, compared to 2.54% in the first quarter of 2025 and 2.78% in the second quarter of 2024. For the first six months of 2025, NIM expanded 45 basis points to 3.82% compared to 3.37% for the first six months of 2024. Net interest income, before the provision for credit losses, increased 7.4% to $18.1 million in the second quarter of 2025, compared to $16.9 million in the first quarter of 2025, and increased 16.1% compared to $15.6 million in the second quarter of 2024. Year-to-date, net interest income increased 13.6% to $35.0 million, compared to $30.8 million in the same period one year earlier. Revenues for the second quarter of 2025 increased 9.7% to $23.0 million, compared to $20.9 million in the preceding quarter and increased 15.3% compared to $19.9 million in the second quarter a year ago. In the first six months of 2025, revenues were $43.9 million, a 12.3% increase compared to $39.1 million in the first six months of 2024. Total noninterest income increased 19.7% to $4.8 million in the second quarter of 2025, compared to $4.0 million in the preceding quarter, and increased 12.6% compared to $4.3 million in the second quarter a year ago. Net mortgage banking income, the largest component of noninterest income, totaled $2.9 million in the second quarter of 2025, compared to $2.1 million in the preceding quarter and $2.4 million in the second quarter a year ago. This increase compared to the preceding quarter was largely driven by an increase in net gain on sale of mortgage loans. In the first six months of 2025, noninterest income increased 7.3% to $8.8 million, compared to $8.2 million in the first six months of 2024. Net mortgage banking income increased 9.9% to $5.1 million in the first six months of 2025, compared to $4.6 million in the first six months of 2024. Eagle’s second quarter noninterest expense was $17.9 million, an increase of 5.4% compared to $17.0 million in the preceding quarter and a 3.6% increase compared to $17.3 million in the second quarter a year ago. Higher salaries and employee benefits expense contributed to the quarter-over-quarter increase and was driven by an increase in commissions expense due to higher mortgage originations. In the first six months of 2025, noninterest expense increased 1.7% to $34.9 million, compared to $34.3 million in the first six months of 2024. For the second quarter of 2025, the Company recorded income tax expense of $751,000. This compared to income tax expense of $631,000 in the preceding quarter and $444,000 in the second quarter of 2024. The effective tax rate for the second quarter of 2025 was 18.8%, compared to 16.3% for the first quarter of 2025 and 20.3% for the second quarter of 2024. The year-to-date effective tax rate was 17.6% for 2025 compared to 18.3% for the same period in 2024. The effective tax rate has been impacted by an increase in the proportion of tax-exempt income compared to pretax earnings, as well as tax credits from investments in low-income housing tax credit projects. Credit Quality During the second quarter of 2025, Eagle recorded a $1.0 million provision for credit losses. This compared to a $42,000 provision for credit losses in the preceding quarter and a $412,000 provision for credit losses in the second quarter a year ago. The allowance for credit losses represented 348.8% of nonperforming loans at June 30, 2025, compared to 313.2% three months earlier and 330.8% a year earlier. Nonperforming loans were $5.1 million at June 30, 2025, $5.3 million at March 31, 2025, and $5.1 million a year earlier. Net loan charge-offs totaled $48,000 in the second quarter of 2025, compared to net loan charge-offs of $2,000 in both the preceding quarter and in the second quarter a year ago. The allowance for credit losses was $17.7 million, or 1.13% of total loans, at June 30, 2025, compared to $16.7 million, or 1.10% of total loans, at March 31, 2025, and $16.8 million, or 1.11% of total loans, a year ago. Capital Management The Bank’s Tier 1 capital to adjusted total average assets was 10.34% as of June 30, 2025. The ratio of tangible common shareholders’ equity (shareholders’ equity, less goodwill and core deposit intangible) to tangible assets (total assets, less goodwill and core deposit intangible) was 6.77% at June 30, 2025, up from 6.33% a year ago and unchanged compared to three months earlier. This ratio is a non-GAAP financial measure. For the most comparable GAAP financial measure, see “Reconciliation of Non-GAAP Financial Measures” below. As of June 30, 2025, the Bank’s regulatory capital was in excess of all applicable regulatory requirements and is deemed well capitalized. 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 any 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.

Eagle Bancorp Montana, Inc. (EBMT) came out with quarterly earnings of $0.41 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.41, delivering a surprise of +24.24%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Eagle Bancorp Montana, which belongs to the Zacks Banks - Midwest industry, posted revenues of $22.95 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.28%. This compares to year-ago revenues of $19.9 million. The company has topped consensus revenue estimates three times over the last four quarters. 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. Eagle Bancorp Montana shares have added about 7.1% since the beginning of the year versus the S&P 500's gain of 8.6%. While Eagle Bancorp Montana has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Eagle Bancorp Montana was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $22.5 million in revenues for the coming quarter and $1.70 on $87.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Federal Agricultural Mortgage (AGM), is yet to report results for the quarter ended June 2025. The results are expected to be released on August 7. This rural real estate lender is expected to post quarterly earnings of $4.29 per share in its upcoming report, which represents a year-over-year change of +18.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Federal Agricultural Mortgage's revenues are expected to be $96.54 million, up 7.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eagle Bancorp Montana, Inc. (EBMT) : Free Stock Analysis Report Federal Agricultural Mortgage Corporation (AGM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research