This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Eagle Bancorp Montana Earns $862,000, Or $0.21 Per Diluted Share In Fourth Fiscal Quarter And $2.1 Million, Or $0.53 Per Diluted Share In Fiscal Year, Increases Regular Quarterly Cash Dividend To $0.075 Per Share

Stocks in this article: EBMT

HELENA, Mont., July 28, 2014 (GLOBE NEWSWIRE) -- Eagle Bancorp Montana, Inc. (Nasdaq:EBMT), (the "Company," "Eagle"), the holding company of American Federal Savings Bank, today reported it earned $862,000, or $0.21 per diluted share, in its fourth fiscal quarter ended June 30, 2014, compared to $108,000, or $0.03 per diluted share in the preceding quarter and $684,000, or $0.17 per diluted share, in the fourth quarter a year ago. For all of fiscal 2014, Eagle's net income was $2.1 million, or $0.53 per diluted share, compared to $2.0 million, or $0.50 per diluted share, in fiscal 2013.

"Our 2014 operating results reflect our strong asset quality, improving net interest income and growing asset base," said Peter J. Johnson, President and CEO. "The steady economy in Montana has increased loan demand from local business customers, and demand for mortgage loans continues to be strong across most markets in the state."

The Company also announced its board of directors has increased its regular quarterly cash dividend to $0.075 per share from $0.0725 per share. The dividend will be payable September 5, 2014 to shareholders of record August 15, 2014.

Fourth Quarter Fiscal 2014 Highlights

  • Net income was $862,000, or $0.21 per diluted share.
  • Fourth quarter net interest margin was 3.32% compared to 3.29% three months earlier.
  • Total loans increased 5.9% to $276.1 million at June 30, 2014, compared to $260.8 million three months earlier and increased 27.4% compared to $216.7 million a year earlier.
  • Commercial loans increased 58.0%, compared to a year ago, to $34.4 million.
  • Total deposits increased 2.2% to $427.1 million compared to $417.8 million a year earlier.
  • Nonperforming assets remain at a low level and totaled only $980,000, or 0.18% of total assets at June 30, 2014, compared to $1.01 million, or 0.21% of total assets three months earlier and $1.3 million, or 0.26% of total assets a year ago.
  • Nonperforming loans (NPLs) decreased 15.6% to $522,000 at June 30, 2014, compared to $618,000 three months earlier and decreased 32.5% compared to $773,000 a year ago.
  • Capital ratios remain strong with a Tier 1 leverage ratio of 9.60% at June 30, 2014.
  • Declared a regular quarterly cash dividend of $0.075 per share.

Balance Sheet Results

Total assets increased 5.6% to $539.1 million at June 30, 2014, compared to $510.5 million a year earlier.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,652.44 +295.57 1.70%
S&P 500 2,048.04 +35.15 1.75%
NASDAQ 4,730.8750 +86.5630 1.86%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs