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, when it comes to Year; 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, when it comes to Year; 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 business 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, into the 4th quarter of 2018. Into the https://speedyloan.net/installment-loans-ct/ preceding quarter, net gain ended up being accurate documentation $4.1 million, or $0.63 per diluted share, reflecting the higher level of share from home loan banking and gains from purchase of loans. Growth through the two purchases finished in days gone by couple of years additionally contributed to record profits and earnings in 2010. There have been $505,000 in acquisition-related costs within the fourth quarter of 2019, in comparison to $517,000 when you look at the preceding quarter and $582,000 within the 4th quarter last year.

When it comes to 12 months 2019, net gain significantly more than doubled to $10.9 million, or $1.69 per diluted share, in comparison to $5.0 million, or $0.91 per diluted share, in 2018. There have been $2.2 million in acquisition-related costs for the 12 months, in comparison to $1.2 million in acquisition-related costs in 2018.

[…]