Core revenue growth remains evident as net interest income climbed to $18.7 million in 2026Q1, though net interest margins remain constrained between 0.7% and 0.9% over the last ten quarters.
Eagle Bancorp Montana, Inc. (EBMT) annual income statement — 17-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|
| Net Interest Income | 22.63M | 72.18M | 62.35M | 61.75M | 63.01M | 46.28M | 42.8M | 38.38M | 29.42M | 23.6M | 20.65M | 17.94M | 15.24M | 15.24M | 12.55M | 10.93M | 10.87M | 9.8M |
| NII Growth % | -240.66% | 15.75% | 0.98% | -2% | 36.13% | 8.14% | 11.53% | 30.45% | 24.68% | 14.26% | 15.09% | 17.77% | 0% | 21.39% | 14.82% | 0.53% | 10.93% | - |
| Net Interest Margin % | 1.06% | 3.43% | 2.96% | 2.97% | 3.23% | 3.22% | 3.4% | 3.64% | 3.45% | 3.29% | 3.06% | 2.85% | 2.83% | 2.95% | 2.47% | 3.29% | 3.28% | 3.01% |
| Interest Income | 54.97M | 107.69M | 103.13M | 90.89M | 69.16M | 49.49M | 49.28M | 46.1M | 34.52M | 27.69M | 23.77M | 20.4M | 17.28M | 17.28M | 14.8M | 14.1M | 14.91M | 14.91M |
| Interest Expense | 32.33M | 35.51M | 40.77M | 29.14M | 6.15M | 3.21M | 6.48M | 7.73M | 5.1M | 4.09M | 3.12M | 2.46M | 2.04M | 2.04M | 2.25M | 3.17M | 4.09M | 5.11M |
| Loan Loss Provision | 666K | 1.14M | 518K | 1.46M | 2M | 861K | -6.48M | 2.63M | 980K | 1.23M | 1.83M | 1.3M | -2.04M | 608K | 678K | 1.1M | -4.09M | -5.11M |
| Non-Interest Income | 44.25M | 18.29M | 17.29M | 21.56M | 24.49M | 43.7M | 41.07M | 22.96M | 11.8M | 13.88M | 16.13M | 11.83M | 8M | 10.04M | 10.31M | 4.17M | 589K | -1.51M |
| Non-Interest Income % | 66.16% | 20.21% | 21.71% | 25.88% | 27.99% | 48.56% | 48.97% | 37.43% | 28.63% | 37.04% | 43.86% | 39.73% | 34.43% | 39.72% | 45.11% | 27.63% | 5.14% | -18.24% |
| Total Net Revenue | 66.88M | 90.46M | 79.65M | 83.31M | 87.5M | 89.99M | 83.87M | 61.34M | 41.22M | 37.48M | 36.78M | 29.77M | 23.23M | 25.28M | 22.86M | 15.11M | 11.46M | 8.29M |
| Revenue Growth % | -20.88% | 13.58% | -4.4% | -4.78% | -2.77% | 7.29% | 36.74% | 48.79% | 10% | 1.88% | 23.55% | 28.13% | -8.08% | 10.55% | 51.37% | 31.78% | 38.26% | - |
| Non-Interest Expense | 55.14M | 70.39M | 67.74M | 70.2M | 71.65M | 69.84M | 90.35M | 44.74M | 34.35M | 30.02M | 28.02M | 25.73M | 15.95M | 22.91M | 20.86M | 11.03M | 15.5M | 13.39M |
| Efficiency Ratio | 82.45% | 77.81% | 85.05% | 84.26% | 81.89% | 77.62% | 107.73% | 72.94% | 83.32% | 80.1% | 76.17% | 86.41% | 68.66% | 90.63% | 91.25% | 73.05% | 135.19% | 161.58% |
| Operating Income | 11.07M | 18.93M | 11.39M | 11.65M | 13.85M | 19.28M | 0 | 13.97M | 5.9M | 6.23M | 6.93M | 2.74M | 3.81M | 1.76M | 1.32M | 2.97M | 0 | 0 |
| Operating Margin % | 16.56% | 20.93% | 14.3% | 13.99% | 15.83% | 21.43% | 0% | 22.77% | 14.3% | 16.63% | 18.84% | 9.21% | 16.38% | 6.97% | 5.79% | 19.66% | 0% | 0% |
| Operating Income Growth % | - | 66.22% | -2.27% | -15.84% | -28.18% | - | -100% | 136.91% | -5.38% | -10.1% | 152.68% | -27.93% | 116.13% | 33.11% | -55.45% | - | - | - |
| Pretax Income | 20.95M | 18.89M | 11.39M | 11.65M | 13.85M | 19.28M | 28.44M | 13.97M | 5.9M | 6.23M | 6.93M | 2.74M | 1.18M | 1.76M | 1.32M | 2.97M | 3.45M | 3.45M |
| Pretax Margin % | 31.32% | 20.89% | 14.3% | 13.99% | 15.83% | 21.43% | 33.91% | 22.77% | 14.3% | 16.63% | 18.84% | 9.21% | 5.07% | 6.97% | 5.79% | 19.66% | 30.09% | 41.6% |
| Income Tax | 4.89M | 4.06M | 1.61M | 1.6M | 3.15M | 4.86M | 7.23M | 3.1M | 914K | 2.13M | 1.8M | 163K | -350K | -350K | -650K | 792K | 1.06M | 1.03M |
| Effective Tax Rate % | 23.35% | 21.48% | 14.15% | 13.71% | 22.73% | 25.22% | 25.44% | 22.16% | 15.5% | 34.15% | 25.96% | 5.94% | -29.74% | -19.88% | -49.13% | 26.67% | 30.62% | 30.01% |
| Net Income | 16.06M | 14.84M | 9.78M | 10.06M | 10.7M | 14.42M | 21.21M | 10.87M | 4.98M | 4.1M | 5.13M | 2.58M | 2.11M | 2.11M | 1.97M | 2.18M | 2.41M | 2.41M |
| Net Margin % | 24.01% | 16.4% | 12.28% | 12.07% | 12.23% | 16.02% | 25.28% | 17.73% | 12.09% | 10.95% | 13.95% | 8.67% | 9.09% | 8.35% | 8.63% | 14.42% | 21.06% | 29.12% |
| Net Income Growth % | 27.26% | 51.72% | -2.76% | -6.03% | -25.79% | -32.01% | 95.05% | 118.23% | 21.42% | -20.05% | 98.91% | 22.22% | 0% | 6.99% | -9.41% | -9.78% | 0% | - |
| Net Income (Continuing) | 16.06M | 14.84M | 9.78M | 10.06M | 10.7M | 14.42M | 21.21M | 10.87M | 4.98M | 4.1M | 5.13M | 2.58M | 1.64M | 2.11M | 1.97M | 2.18M | 2.41M | 2.41M |
| EPS (Diluted) | 2.04 | 1.90 | 1.24 | 1.29 | 1.45 | 2.17 | 3.11 | 1.69 | 0.91 | 0.99 | 1.32 | 0.67 | 0.53 | 0.53 | 0.50 | 0.56 | 0.62 | 0.54 |
| EPS Growth % | 27.5% | 53.23% | -3.88% | -11.03% | -33.18% | -30.23% | 84.02% | 85.71% | -8.08% | -25% | 97.01% | 26.42% | 0% | 6% | -10.71% | -9.68% | 14.81% | - |
| EPS (Basic) | - | 1.90 | 1.25 | 1.29 | 1.45 | 2.17 | 3.12 | 1.69 | 0.92 | 1.01 | 1.36 | 0.68 | 0.54 | 0.54 | 0.53 | 0.59 | 0.62 | 0.60 |
| Diluted Shares Outstanding | 7.86M | 7.82M | 7.85M | 7.8M | 7.39M | 6.66M | 6.82M | 6.44M | 5.49M | 4.13M | 3.87M | 3.86M | 3.97M | 3.94M | 3.9M | 3.9M | 3.9M | 4.47M |
Quick answers to the most common questions about buying EBMT stock.
For fiscal year 2025, Eagle Bancorp Montana, Inc. (EBMT) reported total revenue of $90.5M. This represents a 991.2% increase compared to $8.3M in 2009.
Eagle Bancorp Montana, Inc. (EBMT) is profitable, generating $14.8M in net income for the fiscal year ending 2025 with a net profit margin of 11.8%.
Eagle Bancorp Montana, Inc. (EBMT) reported an operating income of $18.9M, resulting in an operating profit margin of 15.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Eagle Bancorp Montana, Inc. (EBMT) generated $89.3M in gross profit for the year, representing a gross profit margin of 70.9%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Mortgage Origination Volume Sensitivity
Metrics are mathematically derived from official filings.
Net Interest Income Growth Momentum
As indicated by the quarterly financial data, EBMT's net interest income has demonstrated a consistent upward trajectory, climbing from $15.0 million in 2023Q4 to $18.7 million by 2026Q1, representing a notable expansion in core interest-earning capacity despite broader regional economic headwinds and competitive deposit pricing pressures.
The steady growth in NII suggests that the bank has successfully navigated the interest rate cycle by repricing its loan portfolio faster than its deposit base. Investors should monitor whether this trend persists as the migration toward higher-cost time deposits potentially limits future net interest income expansion.
Persistent Net Interest Margin Constraints
Based on reported financial statements, EBMT's net interest margin has remained largely stagnant, hovering between 0.7% and 0.9% over the last ten quarters, which highlights the structural difficulty of expanding yield spreads in a competitive Montana banking environment characterized by rising funding costs.
The lack of meaningful margin expansion despite rising interest rates suggests that the bank's cost of funds is closely tracking its asset yields. This compression warrants further investigation into the bank's deposit beta, as any further shift toward interest-bearing liabilities could erode profitability.
Efficiency Ratio Reflects Operational Discipline
According to the provided income statement data, EBMT has maintained an efficiency ratio generally ranging between 53.8% and 61.8%, demonstrating a disciplined approach to managing non-interest expenses relative to total revenue even as the bank scales its operations across its rural Montana branch network.
The ability to keep the efficiency ratio below 60% in most periods suggests effective cost control, likely driven by centralized back-office operations. However, the recent uptick to 58.6% in 2026Q1 may indicate rising labor costs or technology investments required to remain competitive in the current market.
Mortgage Banking Revenue Volatility Exposure
As reported in the quarterly filings, non-interest income remains a volatile component of total revenue, fluctuating between $3.8 million and $5.7 million, which underscores the bank's significant dependency on mortgage banking activities that are inherently sensitive to interest rate cycles and housing market demand.
The reliance on mortgage-related fees introduces a cyclical risk that can mask the underlying performance of the core banking franchise. Investors should be cautious, as a sustained cooling in the Montana residential real estate market could lead to a material decline in non-interest income.