EBMT

HELENA, Mont., Oct. 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 of $3.0 million, or $0.38 per diluted share, in the third quarter of 2026, compared to $3.7 million, or $0.47 per diluted share, in the preceding quarter, and $3.6 million, or $0.46 per diluted share, in the third quarter of 2025. In the first nine months of 2026, net income increased to $10.7 million, or $1.36 per diluted share, compared to $10.1 million, or $1.29 per diluted share, in the first nine months of 2025. Eagle's board of directors declared a quarterly cash dividend of $0.1475 per share on October 22, 2026. The dividend will be payable on December 4, 2026, to shareholders of record on November 13, 2026. The current dividend represents an annualized yield of 2.58% based on the average closing price of the Company's common stock reported on NASDAQ during the third quarter of 2026 of $22.91 per share. "Our third quarter was defined by record loan growth and continued strength in our core deposit franchise," said Laura F. Clark, CEO. "Total loans increased $159.0 million from the prior quarter, with growth across our markets and lending lines that reflects strong customer demand and the deep relationships our bankers have built. Importantly, we grew without compromising our credit discipline or pricing. Net interest margin remained solid at 4.12%, and the larger loan portfolio we built this quarter positions us to grow earnings in the periods ahead. With a strong core deposit base supporting this growth, we enter the final quarter of the year with positive momentum and remain focused on delivering long-term value for our shareholders." Third Quarter 2026 Highlights (at or for the three-month period ended September 30, 2026, except where noted): - Net income was $3.0 million, or $0.38 per diluted share, in the third quarter of 2026, compared to $3.7 million, or $0.47 per diluted share in the preceding quarter, and $3.6 million, or $0.46 per diluted share, in the third quarter a year ago. - Net interest margin ("NIM") was 4.12% in the third quarter of 2026, compared to 4.15% in the preceding quarter and 3.94% in the third quarter a year ago. - Net interest income, before the provision for credit losses, increased 4.4% to $20.0 million in the third quarter of 2026, compared to $19.1 million in the second quarter of 2026, and increased 7.0% compared to $18.7 million in the third quarter of 2025. - Revenues (net interest income before the provision for credit losses, plus noninterest income) were $25.1 million in the third quarter of 2026, compared to $24.2 million in the preceding quarter and $23.4 million in the third quarter a year ago. - Total loans of $1.72 billion increased $159.0 million compared to June 30, 2026, and increased $159.6 million compared to a year earlier. - Due to the record loan growth, Eagle recorded a $1.9 million provision for credit losses for the third quarter of 2026, compared to a $343,000 provision for credit losses in the preceding quarter and a $62,000 provision for credit losses in the third quarter a year ago. Borrower specific deterioration did not meaningfully affect the provision for credit losses for the third quarter of 2026. - The allowance for credit losses was $19.5 million, or 1.13% of total loans, at September 30, 2026, compared to $17.6 million, or 1.13% of total loans, at June 30, 2026, and $17.7 million, or 1.14% of total loans, a year ago. - Total deposits of $1.80 billion increased $11.9 million compared to June 30, 2026, and increased $49.9 million, or 2.8%, compared to a year earlier. - Eagles's common shareholders' equity (book value) per share was $24.12 at September 30, 2026, compared to $24.78 at June 30, 2026, and $23.45 at September 30, 2025. Tangible book value per share (non-GAAP) was $19.44 at September 30, 2026, compared to $20.07 at June 30, 2026, and $18.63 at September 30, 2025. - The Company's available borrowing capacity was approximately $452.2 million at September 30, 2026, compared to $575.0 million at June 30, 2026, and $508.4 million at September 30, 2025. Short-term FHLB advances were utilized in the quarter to support loan production. - The Company paid a quarterly cash dividend in the third quarter of $0.1475 per share on September 4, 2026, to shareholders of record August 14, 2026. Balance Sheet Results Total assets of $2.28 billion at September 30, 2026, increased $162.2 million compared to one year ago, and increased $156.2 million compared to three months earlier. The investment securities portfolio totaled $272.8 million at September 30, 2026, compared to $279.9 million a year ago, and $285.7 million at June 30, 2026. Eagle originated $80.8 million in new residential mortgage loans during the quarter and sold $74.7 million in residential mortgage loans, with an average gross margin on sale of mortgage loans of approximately 2.70%. This production compares to residential mortgage loans originations of $88.1 million in the preceding quarter with sales of $72.5 million and an average gross margin on sale of mortgage loans of approximately 3.07%. Total loans increased $159.6 million compared to a year ago and increased $159.0 million compared to three months earlier. Commercial real estate loans increased 17.0% to $784.7 million at September 30, 2026, compared to $670.4 million a year earlier. Commercial real estate loans were comprised of 66.8% non-owner occupied and 33.2% owner occupied at September 30, 2026. Agricultural and farmland loans increased 0.9% to $316.9 million at September 30, 2026, compared to $314.1 million a year earlier. Residential mortgage loans decreased 5.4% to $141.0 million, compared to $149.1 million a year earlier. Commercial loans increased 22.4% to $175.0 million, compared to $143.0 million a year ago. Commercial construction and development loans decreased 7.8% to $104.6 million, compared to $113.5 million a year ago. Home equity loans increased 8.7% to $115.9 million, residential construction loans increased 64.3% to $58.2 million, and consumer loans decreased 17.5% to $21.1 million, compared to a year ago. Total deposits increased to $1.80 billion at September 30, 2026, from $1.75 billion at September 30, 2025, and $1.79 billion at June 30, 2026. Noninterest-bearing checking accounts represented 25.2%, interest-bearing checking accounts represented 11.5%, savings accounts represented 11.6%, money market accounts comprised 25.9% and time certificates of deposit made up 25.8% of the total deposit portfolio at September 30, 2026. The average cost of total deposits was 1.44% in the third quarter of 2026, compared to 1.49% in the preceding quarter and 1.63% in the third quarter of 2025. The estimated amount of uninsured deposits was approximately $369.3 million, or 20% of total deposits including accrued interest, at September 30, 2026, compared to $359.8 million, or 20% of total deposits including accrued interest, at June 30, 2026. FHLB advances and other borrowings increased to $196.8 million at September 30, 2026, compared to $79.2 million at September 30, 2025, and $52.1 million at June 30, 2026. The average cost of FHLB advances and other borrowings was 4.36% in the third quarter of 2026, compared to 5.30% in the preceding quarter and 4.57% in the third quarter of 2025. Other borrowings at September 30, 2026 include the Company's line of credit draw for $13.0 million at an average rate of 6.37% for the third quarter of 2026, compared to $13.0 million at an average rate of 6.34% for the second quarter of 2026. Shareholders' equity was $192.1 million at September 30, 2026, compared to $186.5 million a year earlier and $197.4 million three months earlier. The reduction in shareholders' equity during the third quarter of 2026 was due to an increase in accumulated other comprehensive loss, net of tax on securities available-for-sale. The decrease in fair value of securities was primarily a result of increased interest rates. Book value per share was $24.12 at September 30, 2026, compared to $23.45 a year earlier, and $24.78 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, was $19.44 at September 30, 2026, compared to $18.63 a year earlier and $20.07 three months earlier. Operating Results "Our net interest margin contracted three-basis points from the prior quarter but was up 18-basis points over the same period a year ago. Compared with last year, the drop in funding costs more than offset a modest decline in earning asset yields, while funding costs held relatively steady from the prior quarter. Looking ahead, we will continue to focus on loan and deposit pricing as we work to protect our net interest margin in a rising rate environment," said Spaulding. Eagle's NIM was 4.12% in the third quarter of 2026, compared to 4.15% in the preceding quarter and 3.94% in the third quarter a year ago. The interest accretion on acquired loans totaled $173,000 and resulted in a three-basis point increase in the NIM during the third quarter of 2026, compared to $94,000 and a two-basis point increase in the NIM during the preceding quarter. The average yield on interest earning assets held steady at 5.77% in the third quarter of 2026, matching the prior quarter, compared to 5.87% in the third quarter a year ago. Funding costs for the third quarter of 2026 increased to 2.14%, compared to 2.12% in the second quarter of 2026 and decreased compared to 2.45% in the third quarter of 2025. For the first nine months of 2026, NIM expanded 27-basis points to 4.13% compared to 3.86% for the first nine months of 2025. Net interest income, before the provision for credit losses, increased 4.4% to $20.0 million in the third quarter of 2026, compared to $19.1 million in the second quarter of 2026, and increased 7.0% compared to $18.7 million in the third quarter of 2025. Year-to-date, net interest income increased 7.6% to $57.8 million, compared to $53.7 million in the same period one year earlier. Revenues for the third quarter of 2026 were $25.1 million, a 3.8% increase compared to $24.2 million in the preceding quarter and a 7.2% increase compared to $23.4 million in the third quarter a year ago. In the first nine months of 2026, revenues were $72.8 million, an 8.2% increase compared to $67.3 million in the first nine months of 2025. Total noninterest income was $5.1 million in the third quarter of 2026, compared to $5.0 million in the preceding quarter, and increased 8.1% compared to $4.7 million in the third quarter a year ago. In the first nine months of 2026, noninterest income increased 10.7% to $15.0 million, compared to $13.5 million in the first nine months of 2025. Net mortgage banking income, the largest component of noninterest income, totaled $2.9 million in the third quarter of 2026, consistent with both the second quarter of 2026 and the third quarter a year ago. Net mortgage banking income increased 3.5% to $8.3 million in the first nine months of 2026, compared to $8.0 million in the first nine months of 2025. "We continue to invest strategically in our team and technology to support long-term growth, while maintaining a disciplined approach to managing expenses," said Darryl Rensmon, President and Chief Operating Officer. Eagle's third quarter noninterest expense was $19.4 million, compared to $19.0 million in the preceding quarter, and $18.4 million in the third quarter of 2025. In the first nine months of 2026, noninterest expense increased 6.1% to $56.6 million, compared to $53.3 million in the first nine months of 2025. The increases to the quarterly and year-to-date noninterest expense relate primarily to increases in salaries and employee benefits. For the third quarter of 2026, the Company recorded income tax expense of $831,000, compared to $1.1 million in the preceding quarter and $1.3 million in the third quarter of 2025. The effective tax rate for the third quarter of 2026 was 21.6%, compared to 22.9% for the second quarter of 2026 and 26.8% for the third quarter of 2025. The year-to-date effective tax rate was 22.1% for 2026 compared to 21.1% for the same period in 2025. Credit Quality Eagle recorded a $1.9 million provision for credit losses for the third quarter of 2026, compared to a $343,000 provision for credit losses in the preceding quarter and a $62,000 provision for credit losses in the third quarter a year ago. The allowance for credit losses represented 224.0% of nonperforming loans at September 30, 2026, compared to 423.5% three months earlier and 430.4% a year earlier. Nonperforming loans were $8.7 million at September 30, 2026, compared to $4.2 million at June 30, 2026, and $4.1 million at September 30, 2025. The increase in nonperforming loans was primarily due to well collateralized agricultural loans. Net loan charge-offs totaled $29,000 in the third quarter of 2026, compared to $193,000 in the preceding quarter and $72,000 in the third quarter a year ago. The allowance for credit losses was $19.5 million, or 1.13% of total loans, at September 30, 2026, compared to $17.6 million, or 1.13% of total loans, at June 30, 2026, and $17.7 million, or 1.14% of total loans a year ago. Capital Management Eagle'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 6.90% at September 30, 2026, compared to 7.12% a year ago and 7.66% 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 10.62% as of September 30, 2026. As of September 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 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 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 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 volatility from quarter to quarter of mortgage banking income, whether due to interest rates, demand, the fair value of mortgage loans or other factors; 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. | | | | | Balance Sheet | | (Dollars in thousands, except per share data) | | | (Unaudited) | | | | | September 30, | June 30, | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | | | | | | Assets: | | | | | | Cash and due from banks | | $ | 21,943 | | $ | 26,127 | | $ | 25,061 | | Interest-bearing deposits in banks | | | 2,916 | | | 2,833 | | | 4,454 | | | Total cash and cash equivalents | | | 24,859 | | | 28,960 | | | 29,515 | | Securities available-for-sale, at fair value | | | 272,824 | | | 285,676 | | | 279,920 | | Federal Home Loan Bank ("FHLB") stock | | | 12,097 | | | 5,001 | | | 5,200 | | Federal Reserve Bank ("FRB") stock | | | 4,131 | | | 4,131 | | | 4,131 | | Mortgage loans held-for-sale, at fair value | | | 12,812 | | | 15,972 | | | 10,364 | | Loans: | | | | | | Real estate loans: | | | | | Residential 1-4 family | | | 141,025 | | | 143,748 | | | 149,119 | | Residential 1-4 family construction | | | 58,201 | | | 45,628 | | | 35,423 | | Commercial real estate | | | 784,706 | | | 684,381 | | | 670,403 | | Commercial construction and development | | | 104,558 | | | 98,851 | | | 113,455 | | Farmland | | | | 172,210 | | | 157,275 | | | 159,279 | | Other loans: | | | | | | Home equity | | | | 115,937 | | | 108,629 | | | 106,648 | | Consumer | | | | 21,096 | | | 21,459 | | | 25,558 | | Commercial | | | | 175,001 | | | 161,457 | | | 143,029 | | Agricultural | | | | 144,644 | | | 136,916 | | | 154,857 | | | Total loans | | | 1,717,378 | | | 1,558,344 | | | 1,557,771 | | Allowance for credit losses | | | (19,490 | ) | | (17,640 | ) | | (17,740 | ) | | Net loans | | | 1,697,888 | | | 1,540,704 | | | 1,540,031 | | Accrued interest and dividends receivable | | | 16,749 | | | 14,242 | | | 16,903 | | Mortgage servicing rights, net | | | 14,832 | | | 14,885 | | | 15,131 | | Premises and equipment, net | | | 99,539 | | | 99,947 | | | 102,032 | | Cash surrender value of life insurance, net | | | 61,371 | | | 55,460 | | | 54,333 | | Goodwill | | | | 34,740 | | | 34,740 | | | 34,740 | | Core deposit intangible, net | | | 2,562 | | | 2,798 | | | 3,599 | | Other assets | | | | 27,621 | | | 23,331 | | | 23,907 | | | Total assets | | $ | 2,282,025 | | $ | 2,125,847 | | $ | 2,119,806 | | | | | | | Liabilities: | | | | | | Deposit accounts: | | | | | | Noninterest-bearing | | | $ | 453,774 | | $ | 448,260 | | $ | 429,064 | | Interest-bearing | | | | 1,348,328 | | | 1,341,944 | | | 1,323,115 | | | Total deposits | | | 1,802,102 | | | 1,790,204 | | | 1,752,179 | | Accrued expenses and other liabilities | | | 46,498 | | | 41,628 | | | 42,713 | | FHLB advances and other borrowings | | | 196,759 | | | 52,102 | | | 79,167 | | Other long-term debt, net | | | 44,537 | | | 44,508 | | | 59,261 | | | Total liabilities | | | 2,089,896 | | | 1,928,442 | | | 1,933,320 | | | | | | | Shareholders' Equity: | | | | | | Preferred stock (par value $0.01 per share; 1,000,000 shares | | | | | authorized; no shares issued or outstanding) | | | - | | | - | | | - | | Common stock (par value $0.01 per share; 20,000,000 shares authorized; | | | | 8,507,429 shares issued; 7,965,431, 7,965,431 and 7,952,177 | | | | | shares outstanding at September 30, 2026, June 30, 2026, and | | | | | September 30, 2025, respectively) | | | 85 | | | 85 | | | 85 | | Additional paid-in capital | | | 108,442 | | | 108,271 | | | 108,730 | | Unallocated common stock held by Employee Stock Ownership Plan ("ESOP") | | | (3,008 | ) | | (3,151 | ) | | (3,581 | ) | Treasury stock, at cost (541,998, 541,998 and 555,252 shares at | | | | | September 30, 2026, June 30, 2026, and September 30, 2025, respectively) | | | (11,374 | ) | | (11,374 | ) | | (11,925 | ) | Retained earnings | | | 118,748 | | | 116,910 | | | 107,947 | | Accumulated other comprehensive loss, net of tax | | | (20,764 | ) | | (13,336 | ) | | (14,770 | ) | | Total shareholders' equity | | | 192,129 | | | 197,405 | | | 186,486 | | | Total liabilities and shareholders' equity | $ | 2,282,025 | | $ | 2,125,847 | | $ | 2,119,806 | | | | | | | Income Statement | | (Unaudited) Three Months Ended | | (Unaudited) Nine Months Ended September 30, (Dollars in thousands, except per share data) | | | | | | September 30, | June 30, | September 30, | | | | | | 2026 | | | 2026 | | | 2025 | | | | 2026 | | | 2025 | Interest and dividend income: | | | | | | | | Interest and fees on loans | | $ | 25,518 | | $ | 24,088 | | $ | 25,213 | | | $ | 73,176 | | $ | 72,975 | | Securities available-for-sale | | | 2,323 | | | 2,297 | | | 2,322 | | | | 6,835 | | | 7,170 | | FHLB and FRB dividends | | | 136 | | | 112 | | | 225 | | | | 386 | | | 721 | | Other interest income | | | 21 | | | 114 | | | 74 | | | | 434 | | | 187 | | | Total interest and dividend income | | | 27,998 | | | 26,611 | | | 27,834 | | | | 80,831 | | | 81,053 | Interest expense: | | | | | | | | Deposits | | | 6,478 | | | 6,633 | | | 7,179 | | | | 19,772 | | | 20,927 | | FHLB advances and other borrowings | | | 1,085 | | | 393 | | | 1,144 | | | | 1,890 | | | 4,229 | | Other long-term debt | | | 448 | | | 447 | | | 823 | | | | 1,341 | | | 2,162 | | | Total interest expense | | | 8,011 | | | 7,473 | | | 9,146 | | | | 23,003 | | | 27,318 | Net interest income | | | 19,987 | | | 19,138 | | | 18,688 | | | | 57,828 | | | 53,735 | Provision for credit losses | | | 1,859 | | | 343 | | | 62 | | | | 2,481 | | | 1,142 | | | Net interest income after provision for credit losses | | 18,128 | | | 18,795 | | | 18,626 | | | | 55,347 | | | 52,593 | | | | | | | | | | Noninterest income: | | | | | | | | Service charges on deposit accounts | | | 420 | | | 419 | | | 442 | | | | 1,247 | | | 1,224 | | Mortgage banking, net | | | 2,903 | | | 2,920 | | | 2,926 | | | | 8,257 | | | 7,977 | | Interchange and ATM fees | | | 740 | | | 711 | | | 691 | | | | 2,079 | | | 1,954 | | Appreciation in cash surrender value of life insurance | | 421 | | | 407 | | | 384 | | | | 1,190 | | | 1,127 | | Other noninterest income | | | 613 | | | 560 | | | 274 | | | | 2,222 | | | 1,258 | | | Total noninterest income | | | 5,097 | | | 5,017 | | | 4,717 | | | | 14,995 | | | 13,540 | | | | | | | | | | Noninterest expense: | | | | | | | | Salaries and employee benefits | | | 11,843 | | | 11,712 | | | 11,193 | | | | 34,369 | | | 31,502 | | Occupancy and equipment expense | | | 2,171 | | | 2,220 | | | 2,274 | | | | 6,951 | | | 6,806 | | Data processing | | | 1,455 | | | 1,332 | | | 1,326 | | | | 4,042 | | | 3,961 | | Software subscriptions | | | 582 | | | 610 | | | 680 | | | | 1,763 | | | 2,053 | | Advertising | | | 293 | | | 328 | | | 308 | | | | 922 | | | 820 | | Amortization | | | 239 | | | 249 | | | 288 | | | | 759 | | | 906 | | Loan costs | | | 416 | | | 388 | | | 382 | | | | 1,169 | | | 1,108 | | Federal Deposit Insurance Corporation ("FDIC") insurance premiums | | 245 | | | 236 | | | 231 | | | | 716 | | | 719 | | Professional and examination fees | | | 703 | | | 420 | | | 401 | | | | 1,505 | | | 1,312 | | Other noninterest expense | | | 1,433 | | | 1,497 | | | 1,304 | | | | 4,387 | | | 4,132 | | | Total noninterest expense | | | 19,380 | | | 18,992 | | | 18,387 | | | | 56,583 | | | 53,319 | | | | | | | | | | Income before provision for income taxes | | | 3,845 | | | 4,820 | | | 4,956 | | | | 13,759 | | | 12,814 | Provision for income taxes | | | 831 | | | 1,105 | | | 1,326 | | | | 3,046 | | | 2,708 | Net income | | $ | 3,014 | | $ | 3,715 | | $ | 3,630 | | | $ | 10,713 | | $ | 10,106 | | | | | | | | | | Basic earnings per common share | | $ | 0.38 | | $ | 0.47 | | $ | 0.47 | | | $ | 1.37 | | $ | 1.30 | Diluted earnings per common share | | $ | 0.38 | | $ | 0.47 | | $ | 0.46 | | | $ | 1.36 | | $ | 1.29 | | | | | | | | | | Basic weighted average shares outstanding | | | 7,833,548 | | | 7,827,552 | | | 7,796,304 | | | | 7,826,698 | | | 7,799,899 | | | | | | | | | | Diluted weighted average shares outstanding | | | 7,873,976 | | | 7,862,465 | | | 7,828,570 | | | | 7,862,007 | | | 7,822,825 | | | | | | | | | | ADDITIONAL FINANCIAL INFORMATION | | (Unaudited) | | (Dollars in thousands, except per share data) | Three Months Ended or Years Ended | | | | September 30, | June 30, | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | | | | | | | Mortgage Banking Activity (For the quarter): | | | | | Net gain on sale of mortgage loans | $ | 2,019 | | $ | 2,225 | | $ | 2,229 | | | Net change in fair value of loans held-for-sale and derivatives | | 165 | | | 9 | | | (22 | ) | | Mortgage servicing income, net | | 719 | | | 686 | | | 719 | | | | Mortgage banking, net | $ | 2,903 | | $ | 2,920 | | $ | 2,926 | | | | | | | | Mortgage Banking Activity (Year-to-date): | | | | | Net gain on sale of mortgage loans | $ | 5,922 | | | $ | 5,661 | | | Net change in fair value of loans held-for-sale and derivatives | | 312 | | | | (32 | ) | | Mortgage servicing income, net | | 2,023 | | | | 2,348 | | | | Mortgage banking, net | $ | 8,257 | | | $ | 7,977 | | | | | | | | Performance Ratios (For the quarter): | | | | | Return on average assets | | 0.55 | % | | 0.71 | % | | 0.68 | % | | Return on average equity | | 6.06 | % | | 7.57 | % | | 7.94 | % | | Yield on average interest earning assets | | 5.77 | % | | 5.77 | % | | 5.87 | % | | Cost of funds | | | 2.14 | % | | 2.12 | % | | 2.45 | % | | Net interest margin | | 4.12 | % | | 4.15 | % | | 3.94 | % | | Core efficiency ratio* | | 76.31 | % | | 77.59 | % | | 77.33 | % | | | | | | | Performance Ratios (Year-to-date): | | | | | Return on average assets | | 0.67 | % | | | 0.64 | % | | Return on average equity | | 7.26 | % | | | 7.50 | % | | Yield on average interest earning assets | | 5.77 | % | | | 5.83 | % | | Cost of funds | | | 2.14 | % | | | 2.48 | % | | Net interest margin | | 4.13 | % | | | 3.86 | % | | Core efficiency ratio* | | 76.66 | % | | | 77.91 | % | | | | | | | * The core efficiency ratio is a non-GAAP ratio that is calculated by dividing non-interest expense, exclusive of intangible asset amortization, by the sum of net interest income and non-interest income. | | | | | | | | | | | | | ADDITIONAL FINANCIAL INFORMATION | (Dollars in thousands, except per share data) | | | | | | | Asset Quality Ratios and Data: | As of or for the Three Months Ended | | | | September 30, | June 30, | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | | | | | | | | Nonaccrual loans | | $ | 6,766 | | $ | 2,961 | | $ | 1,966 | | | Loans 90 days past due and still accruing | | 1,937 | | | 1,204 | | | 2,156 | | | | Total nonperforming loans | | 8,703 | | | 4,165 | | | 4,122 | | | Other real estate owned and other repossessed assets | | 43 | | | 70 | | | 86 | | | | Total nonperforming assets | $ | 8,746 | | $ | 4,235 | | $ | 4,208 | | | | | | | | | Nonperforming loans / portfolio loans | | 0.51 | % | | 0.27 | % | | 0.26 | % | | Nonperforming assets / assets | | 0.38 | % | | 0.20 | % | | 0.20 | % | | Allowance for credit losses / portfolio loans | | 1.13 | % | | 1.13 | % | | 1.14 | % | | Allowance for credit losses/ nonperforming loans | | 223.95 | % | | 423.53 | % | | 430.37 | % | | Gross loan charge-offs for the quarter | $ | 37 | | $ | 201 | | $ | 80 | | | Gross loan recoveries for the quarter | $ | 8 | | $ | 8 | | $ | 8 | | | Net loan charge-offs for the quarter | $ | 29 | | $ | 193 | | $ | 72 | | | | | | | | | | | September 30, | June 30, | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | Capital Data (At quarter end): | | | | | Common shareholders' equity (book value) per share | $ | 24.12 | | $ | 24.78 | | $ | 23.45 | | | Tangible book value per share** | $ | 19.44 | | $ | 20.07 | | $ | 18.63 | | | Shares outstanding | | 7,965,431 | | | 7,965,431 | | | 7,952,177 | | | Tangible common equity to tangible assets*** | | 6.90 | % | | 7.66 | % | | 7.12 | % | | | | | | | Other Information: | | | | | | Average investment securities for the quarter | $ | 282,446 | | $ | 281,816 | | $ | 280,683 | | | Average investment securities year-to-date | $ | 281,611 | | $ | 281,187 | | $ | 287,176 | | | Average loans for the quarter **** | $ | 1,626,026 | | $ | 1,548,184 | | $ | 1,581,510 | | | Average loans year-to-date **** | $ | 1,566,863 | | $ | 1,536,792 | | $ | 1,554,547 | | | Average earning assets for the quarter | $ | 1,924,273 | | $ | 1,850,906 | | $ | 1,879,801 | | | Average earning assets year-to-date | $ | 1,874,136 | | $ | 1,848,653 | | $ | 1,859,177 | | | Average total assets for the quarter | $ | 2,173,707 | | $ | 2,095,992 | | $ | 2,131,315 | | | Average total assets year-to-date | $ | 2,120,942 | | $ | 2,094,122 | | $ | 2,109,454 | | | Average deposits for the quarter | $ | 1,787,392 | | $ | 1,781,870 | | $ | 1,746,087 | | | Average deposits year-to-date | $ | 1,782,807 | | $ | 1,780,476 | | $ | 1,708,460 | | | Average equity for the quarter | $ | 198,830 | | $ | 196,255 | | $ | 182,822 | | | Average equity year-to-date | $ | 196,824 | | $ | 195,804 | | $ | 179,699 | | | | | | | | ** The tangible book value per share is a non-GAAP ratio that is calculated by dividing shareholders' equity, less goodwill and core deposit intangible, by common shares outstanding. | *** The tangible common equity to tangible assets is a non-GAAP ratio that is calculated by dividing shareholders' equity, less goodwill and core deposit intangible, by total assets, less goodwill and core deposit intangible. | **** Includes loans held for sale | | | | | | | | Reconciliation of Non-GAAP Financial Measures | | | | | | | | | | Efficiency Ratio | (Unaudited) | | (Unaudited) | (Dollars in thousands) | Three Months Ended | | Nine Months Ended | | | | September 30, | June 30, | September 30, | | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | | | 2026 | | | 2025 | | Calculation of Efficiency Ratio: | | | | | | | | Noninterest expense - efficiency ratio numerator | $ | 19,380 | | $ | 18,992 | | $ | 18,387 | | | $ | 56,583 | | $ | 53,319 | | | | | | | | | | | | Net interest income | | 19,987 | | | 19,138 | | | 18,688 | | | | 57,828 | | | 53,735 | | | Noninterest income | | 5,097 | | | 5,017 | | | 4,717 | | | | 14,995 | | | 13,540 | | | | Efficiency ratio denominator | | 25,084 | | | 24,155 | | | 23,405 | | | | 72,823 | | | 67,275 | | | | | | | | | | | | Efficiency ratio (GAAP) | | 77.26 | % | | 78.63 | % | | 78.56 | % | | | 77.70 | % | | 79.26 | % | | | | | | | | | | Calculation of Core Efficiency Ratio: | | | | | | | | Noninterest expense | $ | 19,380 | | $ | 18,992 | | $ | 18,387 | | | $ | 56,583 | | $ | 53,319 | | | Intangible asset amortization | | (239 | ) | | (249 | ) | | (288 | ) | | | (759 | ) | | (906 | ) | | | Core efficiency ratio numerator | | 19,141 | | | 18,743 | | | 18,099 | | | | 55,824 | | | 52,413 | | | | | | | | | | | | Net interest income | | 19,987 | | | 19,138 | | | 18,688 | | | | 57,828 | | | 53,735 | | | Noninterest income | | 5,097 | | | 5,017 | | | 4,717 | | | | 14,995 | | | 13,540 | | | | Core efficiency ratio denominator | | 25,084 | | | 24,155 | | | 23,405 | | | | 72,823 | | | 67,275 | | | | | | | | | | | | Core efficiency ratio (non-GAAP) | | 76.31 | % | | 77.59 | % | | 77.33 | % | | | 76.66 | % | | 77.91 | % | | | | | | | | | | Tangible Book Value and Tangible Assets | | (Unaudited) | (Dollars in thousands, except per share data) | | September 30, | June 30, | September 30, | | | | | 2026 | | | 2026 | | | 2025 | | Tangible Book Value: | | | | | | Shareholders' equity | | $ | 192,129 | | $ | 197,405 | | $ | 186,486 | | | Goodwill and core deposit intangible, net | | | (37,302 | ) | | (37,538 | ) | $ | (38,339 | ) | | | Tangible common shareholders' equity (non-GAAP) | $ | 154,827 | | $ | 159,867 | | $ | 148,147 | | | | | | | | | | Common shares outstanding at end of period | | 7,965,431 | | | 7,965,431 | | | 7,952,177 | | | | | | | | | | Common shareholders' equity (book value) per share (GAAP) | $ | 24.12 | | $ | 24.78 | | $ | 23.45 | | | | | | | | | | Tangible common shareholders' equity (tangible book value) | | | | | | per share (non-GAAP) | | $ | 19.44 | | $ | 20.07 | | $ | 18.63 | | | | | | | | | Tangible Assets: | | | | | | Total assets | | $ | 2,282,025 | | $ | 2,125,847 | | $ | 2,119,806 | | | Goodwill and core deposit intangible, net | | | (37,302 | ) | | (37,538 | ) | | (38,339 | ) | | | Tangible assets (non-GAAP) | | $ | 2,244,723 | | $ | 2,088,309 | | $ | 2,081,467 | | | | | | | | | | Tangible common shareholders' equity to tangible assets | | | | | | (non-GAAP) | | | 6.90 | % | | 7.66 | % | | 7.12 | % | 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) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -30.91%. A quarter ago, it was expected that this company would post earnings of $0.5 per share when it actually produced earnings of $0.47, delivering a surprise of -6%. 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 $25.08 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.95%. This compares to year-ago revenues of $23.41 million. The company has topped consensus revenue estimates two 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 7.3% since the beginning of the year versus the S&P 500's gain of 12.1%. 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 unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.54 on $24.33 million in revenues for the coming quarter and $2.07 on $96.6 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 30% 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. First Business Financial Services (FBIZ), another stock in the same industry, has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29. This bank holding company for First Business Bank and First Business Bank-Milwaukee is expected to post quarterly earnings of $1.69 per share in its upcoming report, which represents a year-over-year change of -0.6%. The consensus EPS estimate for the quarter has been revised 1.7% higher over the last 30 days to the current level. First Business Financial Services' revenues are expected to be $46.8 million, up 5.1% 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

Park National (PRK) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.31 per share. This compares to earnings of $2.87 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.81%. A quarter ago, it was expected that this financial services holding company would post earnings of $3.01 per share when it actually produced earnings of $3.4, delivering a surprise of +12.96%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Park National, which belongs to the Zacks Banks - Midwest industry, posted revenues of $177.38 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.69%. This compares to year-ago revenues of $141.59 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. Park National shares have added about 20.3% since the beginning of the year versus the S&P 500's gain of 11.4%. While Park National 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 Park National 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 $3.37 on $177.73 million in revenues for the coming quarter and $13.08 on $691.04 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 27% 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 September 2026. This company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +19.6%. The consensus EPS estimate for the quarter has been revised 10.2% higher over the last 30 days to the current level. Eagle Bancorp Montana, Inc.'s revenues are expected to be $24.6 million, up 5.1% 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 Park National Corporation (PRK) : 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

First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this holding company for First Interstate Bank would post earnings of $0.64 per share when it actually produced earnings of $0.87, delivering a surprise of +35.94%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $250.6 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.69%. This compares to year-ago revenues of $251.9 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. First Interstate BancSystem shares have added about 3.1% since the beginning of the year versus the S&P 500's gain of 13.3%. While First Interstate BancSystem 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 First Interstate BancSystem 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 $0.71 on $250.91 million in revenues for the coming quarter and $2.88 on $992.86 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 23% 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. Eagle Bancorp Montana, Inc. (EBMT), another stock in the same industry, has yet to report results for the quarter ended September 2026. This company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +19.6%. The consensus EPS estimate for the quarter has been revised 10.2% higher over the last 30 days to the current level. Eagle Bancorp Montana, Inc.'s revenues are expected to be $24.6 million, up 5.1% 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 First Interstate BancSystem, Inc. (FIBK) : 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

Enterprise Financial Services (EFSC) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -15.22%. A quarter ago, it was expected that this financial holding company would post earnings of $1.35 per share when it actually produced earnings of $1.13, delivering a surprise of -16.3%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Enterprise Financial Services, which belongs to the Zacks Banks - Midwest industry, posted revenues of $187.82 million for the quarter ended September 2026, missing the Zacks Consensus Estimate by 1.05%. This compares to year-ago revenues of $204.93 million. The company has topped consensus revenue estimates two 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. Enterprise Financial Services shares have added about 12.1% since the beginning of the year versus the S&P 500's gain of 12.7%. While Enterprise Financial Services 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 Enterprise Financial Services 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 $1.46 on $194.26 million in revenues for the coming quarter and $5.27 on $752.01 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 24% 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. Eagle Bancorp Montana, Inc. (EBMT), another stock in the same industry, has yet to report results for the quarter ended September 2026. This company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +19.6%. The consensus EPS estimate for the quarter has been revised 10.2% higher over the last 30 days to the current level. Eagle Bancorp Montana, Inc.'s revenues are expected to be $24.6 million, up 5.1% 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 Enterprise Financial Services Corporation (EFSC) : 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

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.