0001437749-26-007330
SEC filingEagle Bancorp Montana, Inc. (EBMT) reported net income of $14.8 million for fiscal year 2025, with basic and diluted earnings per common share of $2.00. The company generated total interest and dividend income of $108.4 million, primarily driven by $97.6 million from loans, while interest expense totaled $35.5 million, resulting in net interest income of $72.9 million. After a $1.2 million provision for credit losses, net interest income was $71.7 million. Noninterest income contributed $18.7 million, while noninterest expenses totaled $71.5 million, led by $42.4 million in salaries and employee benefits. The balance sheet shows total assets of $2.11 billion, with loans receivable net of allowance at $1.50 billion and total deposits of $1.78 billion. Shareholders' equity stood at $191.8 million. Cash flow from operations was $33.1 million, with a net increase in cash and cash equivalents of $31.4 million for the year.
Eagle Bancorp Montana, Inc. reported fiscal year 2025 results with net income of $14.8 million, translating to basic and diluted earnings per common share of $2.00. The company generated total interest and dividend income of $108.4 million, with the majority ($97.6 million) coming from loans. Interest expense totaled $35.5 million, resulting in net interest income of $72.9 million. After accounting for a $1.2 million provision for credit losses, net interest income after provision stood at $71.7 million. Noninterest income contributed $18.7 million, while noninterest expenses were $71.5 million, leading to income before taxes of $18.9 million and income tax expense of $4.1 million.
The company's revenue is primarily interest-driven, with $108.4 million in total interest and dividend income. Loan interest income of $97.6 million represents the core revenue driver, supplemented by $9.5 million from securities available-for-sale, $922,000 from FHLB and FRB dividends, and $425,000 from other interest income. Noninterest income of $18.7 million includes $31.0 million in noninterest income revenue, $1.5 million appreciation in cash surrender value of life insurance, and $2.3 million other noninterest income, offset by adjustments. The revenue structure reflects the company's focus on traditional banking activities with lending as the primary business.
The company's net interest margin can be inferred from the $72.9 million net interest income on earning assets. Profitability metrics show net income of $14.8 million on total assets of $2.11 billion. The cost structure includes significant noninterest expenses of $71.5 million, with salaries and employee benefits representing the largest component at $42.4 million (59% of total noninterest expense). Other major expense categories include occupancy and equipment ($9.3 million), data processing ($5.0 million), and other noninterest expense ($5.5 million). The FDIC insurance premium showed a credit of $956,000.
Operating activities generated $33.1 million in cash flow, primarily from net income of $14.8 million adjusted for various non-cash items including $1.2 million provision for credit losses, $5.3 million depreciation, and $7.7 million net gain on sale of loans. Investing activities provided $22.0 million in cash, while financing activities used $23.7 million. The balance sheet shows total assets of $2.11 billion, with loans receivable net of allowance at $1.50 billion and securities available-for-sale at $281.7 million. Total liabilities were $1.91 billion, including $1.78 billion in deposits and $37.9 million in FHLB advances. Shareholders' equity was $191.8 million, with retained earnings of $111.5 million.
The filing provides historical financial data without explicit forward-looking guidance or management commentary on future expectations. The financial statements show the company maintained a solid capital position with $191.8 million in shareholders' equity and adequate liquidity with $63.0 million in cash and cash equivalents. The allowance for credit losses of $17.4 million against $1.50 billion in net loans receivable suggests continued focus on credit quality. The company's strategic priorities appear centered on traditional banking activities, with lending operations generating the majority of revenue and deposit growth supporting balance sheet expansion.