Eagle Bancorp Montana, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 26, 2023 at 03:01 pm
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Eagle Bancorp Montana, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 17.61 million compared to USD 12.05 million a year ago. Net income was USD 3.62 million compared to USD 1.73 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.26 a year ago.
For the full year, net interest income was USD 63.31 million compared to USD 46.54 million a year ago. Net income was USD 10.7 million compared to USD 14.42 million a year ago. Basic earnings per share from continuing operations was USD 1.45 compared to USD 2.17 a year ago. Diluted earnings per share from continuing operations was USD 1.45 compared to USD 2.17 a year ago.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.