Eagle Bancorp Montana Q1 net income $3.2M ($0.42 EPS); declares $0.1375 dividend, renews buyback

Eagle Bancorp Montana, Inc.

2023-Q1 EPS reported $0.42

Net income $3.2M, $0.42 diluted EPS, vs $0.34 YoY and $0.47 prior quarter.
Net interest margin 3.86%, down 24 bps QoQ but up 22 bps YoY.
Total loans $1.38B (+43.7% YoY); deposits $1.61B (+26.5% YoY).
Quarterly dividend $0.1375/share, payable June 2, record May 12.
Board authorized repurchase of up to 400,000 shares (~5% outstanding) starting May 1, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eagle Bancorp Montana, Inc. reported the quarter ended March 31, 2023 results: revenue $21.1 million, net income $3.2 million, EPS $0.42 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $21.1 million
Net income: $3.2 million
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights (at or for the three-month period ended March 31, 2023, except where noted): Net income was $3.2 million, or $0.42 per diluted share, in the first quarter of 2023, compared to $3.6 million, or $0.47 per diluted share, in the preceding quarter, and $2.2 million, or $0.34 per diluted share, in the first quarter a year ago. Net interest margin (“NIM”) was 3.86% in the first quarter of 2023, compared to 4.10% in the preceding quarter, and 3.64% in the first quarter a year ago. Revenues (net interest income before the provision for credit losses, plus noninterest income) decreased 7.9% to $21.1 million in the first quarter of 2023, compared to $22.9 million in the preceding quarter and increased 8.5% compared to $19.5 million in the first quarter a year ago.

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Source: SEC EDGAR

accession 0001171843-23-002508

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