Eagle Bancorp Montana, Inc. · NASDAQ:EBMT

Eagle Bancorp Montana — Merger or Acquisition (September 2021)

14 slides from Eagle Bancorp Montana's merger presentation, Sep 30, 2021

  1. Slide 1: Acquisition of First Community Bancorp, Inc.

    ACQUISITION OF FIRST COMMUNITY BANCORP, INC. Strategic Expansion of Montana’s Premier Community Bank September 30, 2021 NASDAQ: EBMT

  2. Slide 2: Cautionary Notice Regarding Forward-Looking Statements

    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 amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on curr

  3. Slide 3: Important Information about the Merger and Where to Find it

    Important Information about the Merger and Where to Find it This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, soli

  4. Slide 4: Strategic Montana Expansion - EBMT's Largest Acquisition

    Strategic Montana Expansion - EBMT’s Largest Acquisition Transaction Highlights  Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company for Opportunity Bank of Montana (“Opportunity”) has entered into an agreement to acquire First Community Bancorp Inc., the holding company for First Commu

  5. Slide 5: First Community Bank Overview

    First Community Bank Overview History and Franchise Highlights Financial Highlights – First Community Bank 2019 2020 Q2 21 YTD  Established by the Lewis Brothers in 1891, First Community is one of Balance Sheet ($000s) the longest standing charters in Montana Total Assets $ 302,420 $ 344,587 $ 373,

  6. Slide 6: Strategic Montana Expansion

    Strategic Montana Expansion Pro Forma Branch Footprint (FCB’s 9 Branches & 2 LPOs) Pro Forma Franchise EBMT Branch EBMT DPO Pro First Community Branch Hinsdale Forma Froid First Community RE LPO Glasgow Culbertson Wolf Point Assets $1,359M $374M $1,733M Gross Loans $931M $220M $1,151M Deposits $1,14

  7. Slide 7: Opportunity to Expand in Key Agriculture and Commercial Markets

    Opportunity to Expand in Key Agriculture and Commercial Markets Northeast Montana Helena (Lewis & Clark County) Top Real Estate Market in the State – 10% Increase First Community Branch in Median Home Value Total Population (County): 70,508 Pro Forma Deposit 4th Market Rank: Projected Population 4.8

  8. Slide 8: Pro Forma Deposit and Loan Composition

    Pro Forma Deposit and Loan Composition Pro Forma NOW & Interest- MMDA NOW & Interest- MMDA NOW & Interest- MMDA Bearing Demand 21.4% Bearing Demand 27.6% Bearing Demand 22.7% Deposits 16.9% 9.0% 15.2% $1.1B Savings $0.3B Savings $1.5B Savings Noninterest- 17.7% Noninterest- 17.8% Noninterest- 17.7%

  9. Slide 9: Transaction Structure and Assumptions

    Transaction Structure and Assumptions Aggregate Deal Value:(1)  $41.1 million, or $1,110.58 per share  Approximately 75% stock / 25% cash for FCB shareholders  37.7492 EBMT shares and $276.32 in cash for each FCB share Consideration Mix:  Potential cash dividend for excess capital paid to FCB sh

  10. Slide 10: Transaction Multiples and Pro Forma Impact

    Transaction Multiples and Pro Forma Impact Aggregate Deal Value:(1)  $41.1 million Deal Value / Required Tangible Book Value:(2)  139.3% Deal Value / Reported LTM Earnings:  7.2x Core Deposit Premium:(3)  4.0% TBV Per Share Dilution at Closing:  -8.1% ($1.65 per share) TBV Per Share Payback Per

  11. Slide 11: An Expanding Franchise

    An Expanding Franchise  EBMT has successfully executed on it’s growth strategy, through both organic growth and acquisitions, and has Acquired Announced produced results  Strong track record of successfully integrating acquisitions - EBMT has been the most active acquiror of Montana Assets: $103M

  12. Slide 12: The Eagle Bancorp Montana Story

    The Eagle Bancorp Montana Story Where Eagle Has Come From  Formed in 1922 as American Building & Loan Association – Organization acted as a traditional savings and loan institution for nearly 90 years  November 2012: Completed acquisition of seven Montana branches from Sterling Financial ($182 mil

  13. Slide 13: Compelling Opportunity for EBMT and its Shareholders

    Compelling Opportunity for EBMT and its Shareholders  Acquisition increases pro forma assets to over $1.7 billion and further solidifies Eagle’s position as the fourth largest bank headquartered in Montana  Rare opportunity to acquire the leading bank in Northeast Montana and firmly establish Eagl

  14. Slide 14: Pete Johnson, Laura Clark - Contact

    Pete Johnson Laura Clark President and CEO EVP and Chief Financial Officer Office: (406) 442-3080 Office: (406) 442-3080 Direct: (406) 457-4006 Direct: (406) 457-4007 pjohnson@oppbank.com lclark@oppbank.com www.opportunitybank.com 1400 Prospect Avenue P.O. Box 4999 Helena, MT 59604

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