Eagle Bancorp Montana First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Eagle Bancorp Montana (NASDAQ:EBMT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$19.3m (down 7.3% from 1Q 2023).
• Net income: US$1.90m (down 42% from 1Q 2023).
• Profit margin: 9.8% (down from 16% in 1Q 2023).
• EPS: US$0.24 (down from US$0.42 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Eagle Bancorp Montana Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 7.7%.

Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.9%.

Performance of the American Banks industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Eagle Bancorp Montana, and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.