Eagle Bancorp Montana (EBMT) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $3.98 million, up 23% year-over-year, with EPS of $0.51 compared to $0.41 in Q1 2025 and a quarterly dividend of $0.145 per share declared.

• Net interest income rose 10.7% to $18.70 million, driven by lower interest expense and stable loan yields.

• Noninterest income increased 21.5% to $4.88 million, aided by higher mortgage banking revenue and insurance proceeds.

• Total assets were $2.09 billion, down 0.7% from year-end 2025, while total deposits grew 0.3% to $1.79 billion.

• Board renewed stock repurchase plan for up to 400,000 shares, about 5% of outstanding shares.

Financial highlights

• Net interest margin improved to 4.11%, up 37 bps year-over-year.

• Interest and dividend income was $26.22 million, up 0.6% year-over-year.

• Interest expense declined 18% to $7.52 million, mainly due to reduced borrowings.

• Noninterest expense rose 7.1% to $18.21 million, primarily from higher salaries and benefits.

• Revenues were $23.6 million, up from $20.9 million in Q1 2025.

Outlook and guidance

• Management expects continued momentum in declining deposit costs and further net interest margin expansion if interest rates ease.

• Focus remains on disciplined expense management and capital allocation for long-term growth.

• The Bank expects challenges in deposit growth due to competition and shifting customer preferences.

• No material changes in risk factors were reported for the quarter.