• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Eagle Bancorp Montana Reports Strong Third Quarter Performance

November 2, 2024

Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the parent company of Opportunity Bank of Montana, announced today a net income of $2.7 million, or $0.34 per diluted share, for the third quarter of 2024. This marks an increase from the previous quarter’s net income of $1.7 million, or $0.22 per diluted share, and is consistent with the $2.6 million, or $0.34 per diluted share, reported in the same quarter last year. For the first nine months of 2024, the company reported a net income of $6.3 million, or $0.81 per diluted share, compared to $7.9 million, or $1.01 per diluted share, during the same period in 2023.

On October 17, 2024, Eagle’s board of directors declared a quarterly cash dividend of $0.1425 per share, set to be paid on December 6, 2024, to shareholders on record as of November 15, 2024. This dividend reflects an annualized yield of 3.49% based on recent market prices.

“We are pleased to report improved operating results for the third quarter, with both net interest income and noninterest income increasing from the second quarter,” stated Laura F. Clark, President and CEO. “As in previous quarters, we have been selective in our loan additions, adhering to disciplined pricing strategies. This approach resulted in a modest loan growth of 1.1% for the quarter and 4.0% year-over-year. Additionally, total deposits grew by 2.0% compared to the previous quarter, highlighting our attractive deposit mix. With a strong deposit base, excellent credit quality, and solid capital levels, we are well-positioned for growth as we move through the rest of 2024 and into 2025.”

by: DNU staff

Filed Under: Business, Featured

Related Articles:

  • Kodak Faces Debt Deadline Amid “Going Concern” Disclosure
  • Montana Commerce Department Launches New Loan Program for Rural Businesses
  • Stocks End Week Near Records as Rate-Cut Bets Bolster Gains
  • Trump Administration Sees Trillions in New U.S. Manufacturing Investments
  • CNBC Ranks North Dakota Most Business-Friendly State for Fourth Straight Year
  • Lee Enterprises to Pay $9.5 Million in Privacy Case, Faces New Employee Class-Action Lawsuits

Primary Sidebar

Digital News Updates Logo

Recent News Posts

  • Wyoming Transportation Commission Awards $22.7 Million in Construction Contracts
  • Montana Commerce Department Launches New Loan Program for Rural Businesses
  • Montana DEQ Seeks Public Comment on Draft Coal Mine Bonding Guidance
  • New business-focused hospitality degree to help Montana tourism industry

Recent Politics Posts

  • Montana Delegation Urges President Trump to Impose Tariffs on Russian Palladium
  • Montana AG Leads 22-State Coalition Asking Supreme Court to Hear Parental Rights Case
  • Governor Little Signs Executive Order to Streamline State Government
  • Montana GOP Executive Director Tyler Newcombe Steps Down; Party Names New Communications Director

Recent Business Posts

  • Montana Commerce Department Launches New Loan Program for Rural Businesses
  • CNBC Ranks North Dakota Most Business-Friendly State for Fourth Straight Year
  • Bozeman-Based Texbase Launches Advisory Board,
  • Black Hills Corp. and NorthWestern Energy Announce All-Stock Merger

Copyright © 2025 Digital News Updates, All Rights Reserved.