Eagle Bancorp Q2 net income $2.0M ($0.26 EPS); raises dividend to $0.14/share

Eagle Bancorp Montana, Inc.

2023-Q2 EPS reported $0.67

Net income $2.0M ($0.26 diluted) vs $1.8M ($0.24) in Q2 2022; down from $3.2M ($0.42) in Q1 2023.
Quarterly cash dividend increased to $0.14/share (annualized yield 4.34%), payable Sept 1, 2023 to holders of record Aug 11, 2023.
Total loans grew 13.6% YoY to $1.42B; net interest margin compressed to 3.47% from 4.09% a year ago.
Total deposits declined 4.4% YoY to $1.58B; average cost of deposits rose to 1.05% from 0.11% in Q2 2022.
Tangible book value per share increased to $15.19 from $14.82 a year ago; Bank's Tier 1 capital ratio 9.77% (well capitalized).

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 second quarter of 2023 results: revenue $21.5 million, net income $2.0 million, EPS $0.26 per diluted share.

Period: the second quarter of 2023
Revenue: $21.5 million
Net income: $2.0 million
EPS: $0.26 per diluted share
Result: reported results

Exact text from the filing

preceding quarter, and 4.09% in the second quarter a year ago. Revenues (net interest income before the provision for credit losses, plus noninterest income) increased 1.7% to $21.5 million in the second quarter of 2023, compared to $21.1 million in the preceding quarter and decreased 7.9% compared to $23.3 million in the second quarter a year ago. The Company

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eagle Bancorp Montana, Inc. reported the first six months of 2023 results: net income $5.3 million, EPS $0.67 per diluted share.

Period: the first six months of 2023
Net income: $5.3 million
EPS: $0.67 per diluted share
Result: reported results

Exact text from the filing

In the first six months of 2023, net income was $5.3 million, or $0.67 per diluted share, compared to $4.0 million, or $0.57 per diluted share, in the first six months of 2022.

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Source: SEC EDGAR

accession 0001171843-23-004626

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