Eagle Bancorp Montana Q4 net income rises

Overview

• Montana bank's Q4 net income rose 30.3% qtr/qtr, reflecting strong operational efficiency

• Net interest income for Q4 increased 2.5% qtr/qtr

• Q4 total deposits rose 6% yr/yr to $1.78 bln

Outlook

• Company anticipates further improvement in cost of funds if interest rates continue to decline

• Eagle Bancorp highlights strong core deposit base and diversified loan portfolio for future growth

Result Drivers

• NET INTEREST MARGIN - Expansion in net interest margin to 4.08% contributed to stronger earnings profile

• FUNDING COSTS - Reduced funding costs supported net income growth

• OPERATIONAL EFFICIENCY - Continued operational efficiency gains bolstered net income, according to CEO Laura F. Clark

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Eagle Bancorp Montana Inc is $18.00, about 12.6% below its January 26 closing price of $20.60

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX9LTqP0

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