Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — Hovde Group Financial Services Conference 2022
22 slides from Eagle Bancorp Montana's conference presentation, Nov 2, 2022
Slide 1: Hovde Group Financial Services Conference November 2-4, 2022
Hovde Group Financial Services Conference November 2 - 4, 2022
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2 Cautionary Notice Regarding Forward - Looking Statements This presentation includes “forward - looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amen ded, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward - looking statements are base
Slide 3: Community Focused Institution
3 □ Eagle Bancorp Montana, Inc . is the holding company for Opportunity Bank of Montana ; established in 1922 , the Bank is the 4 th largest bank headquartered in Montana with 31 banking offices and has deeply embedded itself as the bank of choice within the community □ Continued execution on commer
Slide 4: Company Overview
4 Company Overview □ 30 branches in Montana operating under the Company’s banking subsidiary – Opportunity Bank of Montana □ Balance Sheet (9/30/22): ▪ Assets $1.924 billion ▪ Gross Loans $1.312 million ▪ Deposits $1.674 billion ▪ Total equity $151.3 million □ Asset Quality (9/30/22): ▪ NPAs/assets
Slide 5: Experienced Executive Management
5 Peter Johnson CEO 41 years with the Company 4 3 years in banking Laura Clark President 8 years with the Company 4 5 years in banking Rachel Amdahl SVP and Chief Operations Officer 3 5 years with the Company 3 5 years in banking Dale Field SVP and Chief Credit Officer 20 years with the Company 2 5
Slide 6: Experienced Board
6 Experienced Board Director Experience Year Elected Peter J. Johnson CEO of Opportunity Bank and the Company 2007 Rick F. Hays Retired President of a Montana telecommunications company 2007 Thomas J. McCarvel Retired Vice President of Carroll College 1998 Maureen J. Rude Retired Executive Director
Slide 7: Business Strategy
7 □ Continue to diversify our loan portfolio into commercial (C&I), commercial real estate and agriculture □ 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
Slide 8: Key Montana Markets – Helena, Missoula, Great Falls
Key Montana Markets – Helena, Missoula, Great Falls Lewis and Clark County (Helena) Cascade County (Great Falls) Missoula County (Missoula) • Helena is the state capital of Montana. • Stable economy supported by state government, healthcare, education, and small business. • Government positions acco
Slide 9: Key Montana Markets – Bozeman, Billings, Butte
Key Montana Markets – Bozeman, Billings, Butte Gallatin County (Bozeman) Silver Bow (Butte) Yellowstone County (Billings) • Fastest growing area in Montana, and one of the fastest growing counties in the Western U.S. • Home to Montana State University, the largest university in the state (16,000+ st
Slide 10: Recent Corporate Milestones and Acquisitions
10 □ On April 30, 2022, completed purchase of First Community Bancorp, Inc. and its subsidiary, First Community Bank. □ On January 21, 2022, issued and sold $40 million in aggregate principal amount of its 3.50% fixed - to - floating rate subordinated notes to certain institutional accredited invest
Slide 11: An Expanding Franchise
11 $200 $213 $238 $251 $287 $306 $333 $332 $508 $516 $560 $630 $674 $717 $854 $1,054 $1,258 $1,436 $1,880 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Non-Acquired Assets Acquired Assets April 2022 Assets: $370M Loans: $191M Deposits: $321M Acquired An Expanding Franchise Source:
Slide 12: Financial Highlights
cae EAGLE BANCORP MONTANA,INC. FINANCIAL HIGHLIGHTS y
Slide 13: Net Interest Income & Net Interest Margin
13 Net Interest Income & Net Interest Margin $ 2 , 0 $ 3 , 0 $ 4 , 0 $ 5 , 0 $ 6 , 0 $ 7 , 0 $ 8 , 0 $ 9 , 0 $ 1 0 , 2 . 8 0 3 . 0 0 3 . 2 0 3 . 4 0 3 . 6 0 3 . 8 0 4 . 0 0 4 . 2 0 4 . 4 0 4 . 6 0 Net Interest Income Net Interest Margin 4.22% 4.04% 3.85% 3.83% 4.03% 3.97% 3.81% 3.87% 3.75% 3.64% 4.0
Slide 14: Provision for Loan Losses
14 Provision for Loan Losses $1,228 $980 $2,627 $3,130 $861 $1,654 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2017 2018 2019 2020 2021 YTD 2022 $ in 000’s
Slide 15: Balance Sheet Expansion
15 Balance Sheet Expansion $717 $854 $1,054 $1,258 $1,436 $1,924 $513 $617 $779 $841 $933 $1,312 $521 $627 $809 $1,033 $1,223 $1,674 $0 $500 $1,000 $1,500 $2,000 $2,500 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 9/30/2022 Assets Total Loans Deposits $ in millions
Slide 16: Loan Portfolio Detail
16 Loan Portfolio Composition – 9/30/2022 □ Since 2008, number of Commercial/Ag lenders has increased from 4 to 43 □ 28 Mortgage Lenders □ C&I accounts for 9% of loan portfolio □ Owner - occupied CRE loans represent 14% of total loans Per call report data as of 9/30/22, excludes loans held for sale
Slide 17: Deposit Mix – Rolling 8 Quarters
17 Non Interest Checking 30% Interest Bearing Checking 15% Savings 17% Money Market 24% Time Certificates 14% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Time Certificates Money Market Savings Interest Checking Non Interest Checking September 30, 2022 Deposit
Slide 18: Disciplined Credit Culture
18 0.21% 0.45% 0.52% 0.68% 0.49% 0.23% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 9/30/2022 Nonperforming Assets/Total Assets Disciplined Credit Culture
Slide 19: Yield and Cost of Funds
19 Yield and Cost of Funds 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 3Q22 Yield on Average Earning Assets EBMT Peer Group 4.00% 4.50% 5.00% 5.50% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 3Q22 Yield on Loans EBMT Peer Group 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2017Y 2018
Slide 20: Capital Strength
20 Capital Strength Total Assets 853,903$ 1,054,260$ 1,257,634$ 1,435,926$ 1,923,920$ Total Common Stockholders' Equity 94,806$ 121,659$ 152,938$ 156,729$ 151,274$ Total Regulatory Capital 104,186$ 126,711$ 156,897$ 164,639$ 216,561$ Tier 1 Leverage Ratio 10.51% 10.52% 10.61% 9.75% 7.78% Tier 1 Risk
Slide 21: 5 Year Stock Price Performance
21 Source: S&P Global Market Intelligence as of October 21, 2022 5 Year Stock Price Performance (October 22, 2017, to October 21, 2022)
Slide 22: Contact
Pete Johnson CEO Office: (406) 442 - 3080 Direct: (406) 457 - 4006 pjohnson@oppbank.com Laura Clark President Office: (406) 442 - 3080 Direct: (406) 457 - 4007 lclark@oppbank.com www.opportunitybank.com 1400 Prospect Avenue P.O. Box 4999 Helena, MT 59604 Miranda Spaulding SVP and Chief Financial Off
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