Eagle Bancorp Q3 profit rises 33% due to higher interest income

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 $27,834 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 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 Estimates.Support@lseg.com. For any other questions or feedback, 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.)

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