Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — D.A. Davidson 27th Financial Institutions Conference 2025
21 slides from Eagle Bancorp Montana's conference presentation, May 6, 2025
Slide 1: D.A. Davidson 27th Financial Institutions Conference
D.A. Davidson 27 th Financial Institutions Conference May 5 - 7, 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 30 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 (3/31/25): ▪ Assets $2.088 billion ▪ Gross Loans $1.524 billion ▪ Deposits $1.690 billion ▪ Total equity $177.6 million □ Asset Quality (3/31/25): ▪ NPAs/assets
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 9 years with the Company 2 9 years in banking Darryl Rensmon E VP and Chief Operating Officer 8 years with the Company 39 years in I
Slide 6: Experienced Board
6 Experienced Board Year Elected Experience Director 2022 President & CEO of Opportunity Bank and the Company Laura F. Clark 2007 Retired President of a Montana telecommunications company Rick F. Hays 1998 Retired Vice President of Carroll College Thomas J. McCarvel 2007 Retired President and CEO of
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: An Expanding Franchise
10 $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 11: Financial Highlights
Financial Highlights
Slide 12: Net Interest Income & Net Interest Margin
12 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 3.81% 3.87% 3.75% 3.64% 4.09% 4.18% 4.10% 3.86% 3.47% 3.41% 3.3
Slide 13: Provision for Credit Losses
13 Provision for Credit Losses $3,130 $861 $2,001 $1,456 $518 $42 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2020 2021 2022 2023 2024 1Q25 Provision for credit losses on loans starting in 2023, provision for loan losses for prior periods $ in 000’s
Slide 14: Balance Sheet Expansion
14 Balance Sheet Expansion $1,258 $1,436 $1,948 $2,076 $2,103 $2,088 $841 $933 $1,354 $1,484 $1,521 $1,524 $1,033 $1,223 $1,635 $1,635 $1,681 $1,690 $0 $500 $1,000 $1,500 $2,000 $2,500 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 3/31/2025 Assets Total Loans Deposits $ in millions
Slide 15: Loan Portfolio Detail
15 Commercial & Industrial , 9% Commercial Real Estate , 44% Construction & Land Development , 7% Residential 1 - 4 and Construction , 13% Home Equity , 6% Agriculture & Farm , 19% Consumer , 2% Loan Portfolio Composition – 3/31/2025 □ 37 Commercial/Ag lenders □ 15 Mortgage lenders □ C&I accounts fo
Slide 16: CRE Portfolio Detail
16 CRE Loan Portfolio Composition – 3/31/2025 Excludes loans held for sale Multifamily , 18% Lessors of nonresidential buildings, 10% Hotels and other travel accommodations, 12% Office space , 9% Industrial/warehouse , 8% Other, 43% CRE Portfolio Detail
Slide 17: Deposit Mix – Rolling 8 Quarters
17 Non Interest Checking 24% Interest Bearing Checking 13% Savings 13% Money Market 23% Time Certificates 27% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Time Certificates Money Market Savings Interest Checking Non Interest Checking March 31, 2025 Deposit Mix
Slide 18: Disciplined Credit Culture
18 0.68% 0.49% 0.40% 0.41% 0.19% 0.26% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 3/31/2025 Nonperforming Assets/Total Assets Disciplined Credit Culture Effective January 1, 2023, the Company adopted ASU No. 2022 - 02, Financial Instr
Slide 19: Yield and Cost of Funds
19 Yield and Cost of Funds 0.00% 2.00% 4.00% 6.00% 8.00% 2020Y 2021Y 2022Y 2023Y 2024Y 1Q25 Yield on Average Earning Assets EBMT Peer Group 0.00% 2.00% 4.00% 6.00% 8.00% 2020Y 2021Y 2022Y 2023Y 2024Y 1Q25 Yield on Loans EBMT Peer Group 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 2020Y 2021Y 2022Y 2023
Slide 20: Capital Strength
20 Capital Strength Total Assets 1,435,926$ 1,948,384$ 2,075,666$ 2,103,090$ 2,088,416$ Total Common Stockholders' Equity 156,729$ 158,416$ 169,273$ 174,765$ 177,573$ Total Regulatory Capital 164,639$ 219,595$ 229,171$ 236,531$ 238,450$ Tier 1 Leverage Ratio 9.75% 7.78% 7.57% 7.80% 7.98% Tier 1 Risk
Slide 21: 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
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