Eagle Bancorp Montana Inc (NASDAQ: EBMT) is a Montana-based bank holding company that operates through its wholly-owned subsidiary, Opportunity Bank of Montana (OBMT), providing commercial and retail banking services across the state. The company earns money primarily through net interest income on loans and investment securities, funded by deposits gathered from Montana residents. Deposit products include certificates of deposit (terms from 90 days to five years), checking, savings, money market, and IRA accounts. The loan portfolio spans commercial real estate, commercial business, and consumer loans, with commercial real estate totaling $635.7 million as of December 31, 2025. EBMT has grown through a series of Montana acquisitions, including First Community Bancorp (April 2022, $38.58 million consideration), Western Holding Company of Wolf Point (January 2020, $14.97 million), Big Muddy Bancorp (January 2019), and TwinCo (January 2018). The company pays a common dividend, with $0.575 per share paid in FY2025, and carries $40.0 million in subordinated notes due 2032 and $15.0 million in subordinated notes due 2030 on its balance sheet.

Revenue model

Net interest income from loans and investment securities funded by Montana-sourced deposits; supplemented by noninterest income from loan sales and fee-based services. Deposits are the primary funding source, with brokered certificates used opportunistically.

Products and services

Deposit accounts (checking, savings, money market, certificates of deposit 90 days to 5 years, IRA certificates, brokered CDs); commercial real estate loans (including hotels, industrial/warehouse, nonresidential lessors, construction); commercial business loans; consumer loans; retail banking through branch network across Montana.

Customers and end markets

Retail and commercial customers primarily in Montana. Commercial real estate borrowers include hotels and traveler accommodations (12.59% of CRE portfolio as of December 31, 2025), lessors of nonresidential buildings (9.33%), industrial/warehouse (8.86%), construction and related industries (5.05%), automotive-related (3.67%), bars and restaurants (3.32%), and healthcare/social assistance (2.95%).

Value-chain role

Community bank deposit gatherer and direct lender. Originates, holds, and sells loans; invests in securities; funds operations through retail and brokered deposits and subordinated debt.

Geographic exposure

Exclusively Montana. Branch network spans Helena, Wolf Point, Townsend, Dutton, Denton, Choteau, Madison County, and additional locations acquired through the First Community Bancorp transaction (nine retail branches and two loan production offices, April 2022).

Source: SEC 10-K, filed 2026-03-09

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