Eagle Bancorp Montana Earns $2.3 Million, or $0.36 per Diluted Share, in 4Q19 and Record $10.9 Million, or $1.69 Per Diluted Share, for the 12 months; Declares Regular Quarterly Cash Dividend of $0.095 per Share

Eagle Bancorp Montana Earns $2.3 Million, or $0.36 per Diluted Share, in 4Q19 and Record $10.9 Million, or $1.69 Per Diluted Share, for the 12 months; Declares Regular Quarterly Cash Dividend of $0.095 per Share

HELENA, Mont., Jan. 28, 2020 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company, ” “Eagle”), the keeping company of chance Bank of Montana, today reported net gain increased 61.8per cent to $2.3 million, or $0.36 per diluted share, into the 4th quarter of 2019, in comparison to $1.4 million, or $0.26 per diluted share, within the fourth quarter of 2018. Into the preceding quarter, net gain ended up being an archive $4.1 million, or $0.63 per diluted share, showing the advanced level of share from home loan banking and gains from purchase of loans. Development through the two purchases finished in the last couple of years also contributed to record profits and earnings this season. There have been $505,000 in acquisition-related costs when you look at the 4th quarter of 2019, when compared with $517,000 into the quarter that is preceding $582,000 into the 4th quarter this past year.