Eagle Bancorp Montana (EBMT) Reports Q3 EPS of $0.18

Eagle Bancorp Montana (NASDAQ: EBMT) reported Q3 EPS of $0.18, versus $0.17 reported last year.

In May 2014, the Company applied to the State of Montana to form an interim bank for the purpose of facilitating the conversion of its wholly owned subsidiary, American Federal Savings Bank, from a federally chartered savings bank to a Montana-chartered commercial bank. All regulatory approvals were granted in the quarter ended September 30, 2014, and the conversion became effective on October 14, 2014. As a result of the conversion, the Company's subsidiary has changed its name to Opportunity Bank of Montana.

In August 2014, the Board of Directors approved a change in the Company's fiscal year end from June 30 to December 31 of each year. The fiscal year change is effective beginning with the Company's 2015 fiscal year, which will now begin on January 1, 2015 and end on December 31, 2015. As a result of the change, the Company will have a six-month fiscal transition period beginning June 30, 2014 and ending December 31, 2014.

For earnings history and earnings-related data on Eagle Bancorp Montana (EBMT) click here.

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