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 <a href="https://speedyloan.net/installment-loans-ct">installment loans connecticut</a> comes to Declares Regular Quarterly Cash Dividend of $0.095 per Share year

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 61.8% 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, when you look at the 4th quarter of 2018. Within the preceding quarter, net gain was accurate documentation $4.1 million, or $0.63 per diluted share, showing the advanced of share from home loan banking and gains from sale of loans. Growth through the two purchases finished in the last couple of years additionally contributed to record profits and earnings this present year. 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 preceding quarter and $582,000 when you look at the 4th quarter this past year.

For the 12 months 2019, net gain significantly more than doubled to $10.9 million, or $1.69 per diluted share, when compared with $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.

Eagle’s board of directors declared a quarterly money dividend of $0.095 per share on January 23, 2020. The dividend is supposed to be March that is payable 6 2020 to shareholders of record February 14, 2020. The existing annualized dividend yield is 1.75% according to present market rates.

“We delivered record profits for 2019, fueled by stability sheet expansion, strong revenue that is top-line, as well as the effective integration of this two purchases finished in the very last 2 yrs, ” said Peter J. Johnson, President and CEO. (بیشتر…)