Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — FIG Partners West Coast Bank CEO Forum February 2013
22 slides from Eagle Bancorp Montana's conference presentation, Feb 7, 2013
Slide 1: FIG Partners West Coast Bank CEO Forum February 2013
FIG Partners West Coast Bank CEO Forum February 2013
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and may be identified by the use of such words as "believe," "expect," "anticipate," "
Slide 3: Eagle At a Glance
Eagle At a Glance American Federal Savings Bank is a federally-chartered savings bank headquartered in Helena, Montana We currently conduct business through 13 branches located in Broadwater, Gallatin, Lewis and Clark, Missoula, Park, Ravalli, Sweet Grass, Silver Bow and Yellowstone counties in Mont
Slide 4: Experienced Board & Management
Experienced Board & Management Years at Eagle Executive Management Age Title Peter J. Johnson 55 President and Chief Executive Officer 31 Clint J. Morrison 42 SVP and Chief Financial Officer 11 Michael C. Mundt 58 SVP and Chief Lending Officer 24 Tracy Zepeda 34 SVP/Branch Retail Administration 5* R
Slide 5: Business Strategy
Business Strategy Continue to diversify our loan portfolio into commercial (C&I) and commercial real estate Attract and retain lower-cost core deposits Continue to expand our franchise through selective acquisitions and branch additions Maintain high asset quality levels Continue to operate as a com
Slide 6: Acquisition
Acquisition On November 30, 2012, purchased 7 branch banking locations from Sterling Savings Bank, a wholly-owned subsidiary of Sterling Financial Corp. (NASDAQ: STSA). The transaction more than doubled the franchise to 13 branches and extended the branch network throughout Southern Montana Created
Slide 7: Current Branch Map
Current Branch Map Missoula 2 Branches Hamilton Bozeman Big Timber Billings Livingston EBMT Branches Former STSA Branches
Slide 8: Acquisition Cont.
Acquisition Cont. Creates the 6th largest banking institution headquartered in Montana in terms of deposits Pro forma footprint with presence in the key Montana markets Pro Forma Deposit Market Share – Montana Deposits in thousands 2011 Rank Institution State City # of Branches Deposits in Market Ma
Slide 9: Entry Into New Metropolitan Markets
Entry Into New Metropolitan Markets Pro Forma Deposit Market Share – Missoula, MSA Pro Forma Deposit Market Share – Billings, MSA Deposits in thousands The Missoula MSA is the 2nd largest metropolitan area in Montana by population The Billings MSA is the largest metropolitan area in Montana by popul
Slide 10: Montana Markets
Montana Markets Pro Forma Deposit Market Share – Bozeman, MT MSA Fastest growing area in Montana Home to Montana State University (14,000+ students) Healthcare industry rapidly expanding High-tech center of Montana Transaction also provides a footprint in several contiguous markets Park County (Livi
Slide 11: EAGLE BANCORP MONTANA Financial Highlights
EAGLE BANCORP MONTANA Financial Highlights
Slide 12: EBMT: Second Quarter 2013 Highlights
EBMT: Second Quarter 2013 Highlights Eagle Bancorp completed its acquisition of seven banking locations from Sterling Savings Bank at the end of November. Eagle’s revenues (net interest income before the provision for loan losses, plus non-interest income) increased 14% to $4.83 million, compared to
Slide 13: Net Interest Income & Net Interest Margin
Net Interest Income (in $000’s) & Net Interest Margin 4.00% 3.80% 3.60% 3.40% 3.20% 3.00% $3,000 $2,750 $2,500 $2,250 $2,000 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 Net Interest Income Net Interest Margin
Slide 14: Provision For Loan Losses
Provision For Loan Losses (in $000’s) $0 $100 $200 $300 $400 2Q12 3Q12 4Q12 1Q13 2Q13 $325 $258 $260 $235 $187
Slide 15: Total Loans
Total Loans (in $000’s) $220 $180 $140 $100 $60 $20 -$20 FY 2009 FY 2010 FY 2011 FY 2012 YTD 2013 $167 $170 $185 $175 $216
Slide 16: Changing Loan Composition
Changing Loan Composition Recent emphasis on higher-yielding commercial productsLoan Portfolio Composition – 6/30/2008 Loan Portfolio Composition – 12/31/2012 Residential Mortgage (1-4 family) 51.5% Commercial, 3.9% Consumer, 6.9% Home Equity, 16.7% Residential Construction, 4.3% Commercial R/E, 16.
Slide 17: Total Deposits
Total Deposits (in $000’s) $400 $3360 $320 $280 $240 $200 $160 FY 2009 FY 2010 FY 2011 FY 2012 YTD 2013 $187 $198 $209 $220 $415
Slide 18: Deposit Composition
Deposit Composition Attractive funding base with checking, savings and money market accounts representing approximately 61.6% of total deposits Deposit Composition – 12/31/2012 CDs, 38.4% Checking and money market accounts, 44.6% Savings accounts, 18.5%
Slide 19: Disciplined Credit Culture
Disciplined Credit Culture Non-Performing Assets / Total Assets 8.00% 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 6/30/07 6/30/08 6/30/09 6/30/10 6/30/11 6/30/12 12/31/12 EBMT Peer Median 0.009% 0.49% 0.01% 3.03% 0.43% 5.20% 1.05% 6.86% 1.24% 6.94% 1.70% 6.08% 0.53% 6.75% Peer group includes all
Slide 20: Year Stock Price Performance
5 Year Stock Price Performance (12/31/07-12/31/12) Eagle Bancorp Montana, Inc. – Price Change (5) EBMT (+27.69%) NASDAQ Bank (-29.66%) S&P 500 (-2.87%) Price Change (5) 60 40 20 0 -20 -40 -60 Jan 2008 Jul 2008 Jan 2009 Jul 2009 Jan 2010 Jul 2010 Jan 2011 Jul 2011 Jan 2012 Jul 2012 Source: SNL Financ
Slide 21: Strong Track Record of Generating Shareholder Value
Strong Track Record of Generating Shareholder Value Tangible Book Value Per Share $15.00 $10.00 $5.00 $0.00 6/30/03 6/30/04 6/30/05 6/30/06 6/30/07 6/30/08 6/30/09 6/30/10 6/30/11 6/30/12 12/31/12 $5.11 $5.21 $5.31 $5.43 $5.85 $6.27 $6.80 $12.84 $13.39 $13.83 $11.68 Earnings Per Share $0.70 $0.60 $0
Slide 22: Questions?
EAGLE BANCORP MONTANA Questions?
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