Eagle Bancorp Montana, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 26, 2021 at 12:09 pm EST
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Eagle Bancorp Montana, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 11.492 million compared to USD 10.017 million a year ago. Net income was USD 5.164 million compared to USD 2.337 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 0.36 a year ago. For the full year, net interest income was USD 43.170 million compared to USD 38.785 million a year ago. Net income was USD 21.206 million compared to USD 10.872 million a year ago. Basic earnings per share from continuing operations was USD 3.12 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 3.11 compared to USD 1.69 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.
EAGLE BANCORP MONTANA, INC. 
