(Corrects dividend in Key Details table to $0.145, from
$27,834)
Overview
* Eagle Bancorp Q3 net income rises to $3.6 mln, up from
$3.2 mln
in prior qtr
* Net interest income increased 18.3% yr/yr to $18.7 mln
* Company redeemed $15 mln subordinated notes, improving
capital
management
Outlook
* Company expects easing in deposit pricing as CDs reprice
at
lower yields
Result Drivers
* STABLE FUNDING COSTS - Co benefited from stable funding
costs
contributing to improved earnings
* ASSET YIELDS - Higher yields on interest-earning assets
contributed to a rise in net interest margin
* DEPOSIT MIX - Shift towards higher-yielding deposit
products
during elevated interest rate environment
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 EPS $0.46
Q3 Net $3.63
Income mln
Q3 Net $18.68
Interest mln
Income
Q3 Basic $0.47
EPS
Q3 $0.145
Dividend
Q3 $4.95
Pretax mln
Profit
Analyst Coverage
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy", 3
"hold" and no "sell" or "strong sell"
* The average consensus recommendation for the banks peer
group is
"buy."
* Wall Street's median 12-month price target for Eagle
Bancorp
Montana Inc ( EBMT ) is $18.00, about 7.3% above its October 27 closing
price of $16.69
* The stock recently traded at 9 times the next 12-month
earnings
vs. a P/E of 9 three months ago
Press Release:
For questions concerning the data in this report, contact
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contact .
(This story was created using Reuters automation and AI based
on LSEG and company data. It was checked and edited by a Reuters
journalist prior to publication.)