Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — 2025 Janney CEO Forum
22 slides from Eagle Bancorp Montana's conference presentation, Jan 28, 2025
Slide 1: 2025 Janney CEO Forum
2025 Janney CEO Forum January 28 - 30, 2025
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 29 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 □ 29 branches in Montana operating under the Company’s banking subsidiary – Opportunity Bank of Montana □ Balance Sheet (12/31/24): ▪ Assets $2.103 billion ▪ Gross Loans $1.521 billion ▪ Deposits $1.681 billion ▪ Total equity $174.8 million □ Asset Quality (12/31/24): ▪ NPAs/asset
Slide 5: Experienced Executive Management
5 Chantelle Nash SVP and Chief Risk Officer and Chief Administrative Officer 1 8 years with the Company 1 8 years in banking Mark O’Neill SVP and Chief Lending Officer 8 years with the Company 2 9 years in banking Darryl Rensmon SVP and Chief Operating Officer 8 years with the Company 39 years in IT
Slide 6: Experienced Board
6 Experienced Board Year Elected Experience Director 2007 Retired President and CEO of Opportunity Bank and the Company Peter J. Johnson 2007 Retired President of a Montana telecommunications company Rick F. Hays 1998 Retired Vice President of Carroll College Thomas J. McCarvel 2010 Retired Executiv
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: Company Developments
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
¥ au EAGLE BANCORP MONTANA, INC. FINANCIAL HIGHLIGHTS
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 3.97% 3.81% 3.87% 3.75% 3.64% 4.09% 4.18% 4.10% 3.86% 3.47% 3.4
Slide 14: Provision for Credit Losses
14 Provision for Credit Losses $2,627 $3,130 $861 $2,001 $1,456 $518 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2019 2020 2021 2022 2023 2024 Provision for credit losses on loans starting in 2023, provision for loan losses for prior periods $ in 000’s
Slide 15: Balance Sheet Expansion
15 Balance Sheet Expansion $1,054 $1,258 $1,436 $1,948 $2,076 $2,103 $779 $841 $933 $1,354 $1,484 $1,521 $809 $1,033 $1,223 $1,635 $1,635 $1,681 $0 $500 $1,000 $1,500 $2,000 $2,500 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 Assets Total Loans Deposits $ in millions
Slide 16: Loan Portfolio Detail
16 Commercial & Industrial , 8% Commercial Real Estate , 43% Construction & Land Development , 8% Residential 1 - 4 and Construction , 13% Home Equity , 6% Agriculture & Farm , 19% Consumer , 3% Loan Portfolio Composition – 12/31/2024 □ 37 Commercial/Ag lenders □ 14 Mortgage lenders □ C&I accounts f
Slide 17: CRE Portfolio Detail
17 CRE Loan Portfolio Composition – 12/31/2024 Excludes loans held for sale Multifamily , 18% Lessors of nonresidential buildings, 10% Hotels and other travel accommodations, 10% Office space , 9% Industrial/warehouse , 8% Other, 45% CRE Portfolio Detail
Slide 18: Deposit Mix – Rolling 8 Quarters
18 Non Interest Checking 25% Interest Bearing Checking 13% Savings 12% Money Market 22% Time Certificates 28% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Time Certificates Money Market Savings Interest Checking Non Interest Checking December 31, 2024 Deposit M
Slide 19: Disciplined Credit Culture
19 0.52% 0.68% 0.49% 0.40% 0.41% 0.19% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 Nonperforming Assets/Total Assets Disciplined Credit Culture Effective January 1, 2023, the Company adopted ASU No. 2022 - 02, Financial Inst
Slide 20: Yield and Cost of Funds
20 Yield and Cost of Funds 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y Yield on Average Earning Assets EBMT Peer Group 0.00% 2.00% 4.00% 6.00% 8.00% 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y Yield on Loans EBMT Peer Group 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 2019Y 20
Slide 21: Capital Strength
21 Capital Strength Total Assets 1,257,634$ 1,435,926$ 1,948,384$ 2,075,666$ 2,103,090$ Total Common Stockholders' Equity 152,938$ 156,729$ 158,416$ 169,273$ 174,765$ Total Regulatory Capital 156,897$ 164,639$ 219,595$ 229,171$ 236,531$ Tier 1 Leverage Ratio 10.61% 9.75% 7.78% 7.57% 7.80% Tier 1 Ris
Slide 22: Contact
Laura Clark President and CEO 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 Officer Office: (406) 442 - 3080 Direct: (406) 441 - 5010 mspaulding@oppbank.com