Eagle Bancorp Montana (EBMT) investor relations material

Executive summary

• Net income for Q2 2025 was $3.24 million, up 86.2% year-over-year; six-month net income was $6.48 million, up 78.1% year-over-year.

• Net interest income rose 16.1% to $18.15 million for Q2 2025, driven by higher loan yields and balances, and lower interest expense.

• Loans and deposits both grew, with net interest margin expansion and a stable core deposit base.

• Shareholders' equity increased 3.4% to $180.64 million, reflecting net income and reduced unrealized losses on securities.

• Quarterly cash dividend increased to $0.145 per share, annualized yield of 3.32%.

Financial highlights

• Net interest margin for Q2 2025 was 3.91%, up 50 bps year-over-year and 17 bps sequentially.

• Interest and dividend income for Q2 2025 was $27.15 million, up 5.1% year-over-year; for six months, $53.22 million, up 4.8%.

• Noninterest income rose 12.6% to $4.81 million in Q2 2025, mainly from mortgage banking gains.

• Noninterest expense increased 3.6% to $17.93 million in Q2 2025, mainly due to higher salaries and commissions.

• Provision for credit losses was $1.04 million in Q2 2025, up from $412,000 year-over-year.

Outlook and guidance

• Management expects further improvement in funding costs and net interest margin.

• Anticipates moderation in deposit pricing as maturing certificates reprice at lower rates.

• Cautious outlook due to potential inflationary pressures and new tariffs.

• The company is evaluating the impact of recent tax legislation on future income tax expense.