earnings
confidence high
sentiment neutral
materiality 0.65
Eagle Bancorp Q2 net income $1.8M ($0.24 EPS); raises dividend 10% to $0.1375
Eagle Bancorp Montana, Inc.
2022-Q2 EPS reported
$0.57
- Net income $1.8M ($0.24 diluted EPS) vs $2.2M ($0.34) prior quarter and $2.7M ($0.39) year ago; includes $1.9M acquisition costs.
- Completed merger with First Community Bancorp on Apr 30 for ~$38.6M, adding $370M assets, $321M deposits, $191M loans.
- Quarterly cash dividend increased 10% to $0.1375/share, payable Sept 2 to holders of record Aug 12.
- Net interest margin expanded to 4.09% from 3.64% prior quarter; total loans up 43.1% YoY to $1.25B.
- Noninterest income fell 35.1% YoY to $7.3M; mortgage banking revenue declined to $5.5M from $9.9M.