In the Q1, Eagle Bancorp Montana Inc 's corporate clients experienced a reduction by -5.68 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -11.18 %. During the corresponding time, Eagle Bancorp Montana Inc recorded a revenue increase by 11.64 % year on year, sequentially revenue fell by -3.92 %. While revenue at the Eagle Bancorp Montana Inc 's corporate clients fell by -7.24 % year on year, sequentially revenue fell by -11.67 %.
Customers of Eagle Bancorp Montana Inc saw their costs of revenue decrease by -5.68 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -11.18 %, for the same period Eagle Bancorp Montana Inc recorded revenue increase by 11.64 % year on year, sequentially revenue fell by -3.92 %.
Eagle Bancorp Montana Inc's Comment on Sales, Marketing and Customers
From our headquarters in Helena, Montana, we operate thirteen full service retail
banking offices, including our main office. Our other full service branches are
located in Helena – Neill (opened 1987), Helena – Skyway (opened 2009),
Bozeman – Oak (opened 1980, relocated 2009), Butte (opened 1979) and Townsend
(opened 1979), Montana. The Sterling Montana branch acquisition that was completed
November 30, 2012 included retail banking offices in: Bozeman, Big Timber, Livingston,
Billings, Missoula and Hamilton. The Bozeman Mendenhall location was sold in June
2015 and relocated to a new leased building. The acquisition also included three
mortgage loan origination locations in Bozeman, Missoula and Kalispell. The Kalispell
location was closed in FY 2014. We opened a loan production office in Great Falls,
Montana in January 2015.
Montana is one of the largest states in terms of land mass but ranks as one
of the least populated states. According to U.S. Census Bureau data for 2010,
it had a population of 989,415 (1.03 million estimated for 2015). Helena, where
we are headquartered, is Montana’s state capital. It is also the county
seat of Lewis and Clark County, which has a population of approximately 65,856
and is located within 120 miles of four of Montana’s other five largest
cities: Missoula, Great Falls, Bozeman and Butte. Helena is approximately midway
between Yellowstone and Glacier National Parks. Its economy has shown moderate
growth, in terms of both employment and income. State government and the numerous
offices of the federal government comprise the largest employment sector. Helena
also has significant employment in the service industries. Specifically, it
has evolved into a central health care center with employment in the medical
and the supporting professions as well as the medical insurance industry. The
local economy is also dependent to a lesser extent upon ranching and agriculture.
These have been more cyclical in nature and remain vulnerable to severe weather
conditions, increased competition, both domestic and international, as well
as commodity prices.
Butte, Montana is approximately 64 miles southwest of Helena. Butte and the
surrounding Silver-Bow County have a population of approximately 34,680. Butte’s
economy was historically reliant on the mining industry and fluctuations in
metal and mineral commodity prices have had a corresponding impact on the local
economy.
Bozeman is approximately 95 miles southeast of Helena. It is located in Gallatin
County, which has a population of approximately 97,308. Bozeman is home to Montana
State University and experienced fairly significant growth from 1990 to 2007,
in part due to the growth of the University as well as the increased tourism
for resort areas in and near Bozeman. Agriculture, however, remains an important
part of Bozeman’s economy. Bozeman has also become an attractive location
for retirees, primarily from the West Coast, owing to its many winter and summer
recreational opportunities and the presence of the University.
Eagle Bancorp Montana Inc’s Comment on Sales, Marketing and Customers
From our headquarters in Helena, Montana, we operate thirteen full service retail
banking offices, including our main office. Our other full service branches are
located in Helena – Neill (opened 1987), Helena – Skyway (opened 2009),
Bozeman – Oak (opened 1980, relocated 2009), Butte (opened 1979) and Townsend
(opened 1979), Montana. The Sterling Montana branch acquisition that was completed
November 30, 2012 included retail banking offices in: Bozeman, Big Timber, Livingston,
Billings, Missoula and Hamilton. The Bozeman Mendenhall location was sold in June
2015 and relocated to a new leased building. The acquisition also included three
mortgage loan origination locations in Bozeman, Missoula and Kalispell. The Kalispell
location was closed in FY 2014. We opened a loan production office in Great Falls,
Montana in January 2015.
Montana is one of the largest states in terms of land mass but ranks as one
of the least populated states. According to U.S. Census Bureau data for 2010,
it had a population of 989,415 (1.03 million estimated for 2015). Helena, where
we are headquartered, is Montana’s state capital. It is also the county
seat of Lewis and Clark County, which has a population of approximately 65,856
and is located within 120 miles of four of Montana’s other five largest
cities: Missoula, Great Falls, Bozeman and Butte. Helena is approximately midway
between Yellowstone and Glacier National Parks. Its economy has shown moderate
growth, in terms of both employment and income. State government and the numerous
offices of the federal government comprise the largest employment sector. Helena
also has significant employment in the service industries. Specifically, it
has evolved into a central health care center with employment in the medical
and the supporting professions as well as the medical insurance industry. The
local economy is also dependent to a lesser extent upon ranching and agriculture.
These have been more cyclical in nature and remain vulnerable to severe weather
conditions, increased competition, both domestic and international, as well
as commodity prices.
Butte, Montana is approximately 64 miles southwest of Helena. Butte and the
surrounding Silver-Bow County have a population of approximately 34,680. Butte’s
economy was historically reliant on the mining industry and fluctuations in
metal and mineral commodity prices have had a corresponding impact on the local
economy.
Bozeman is approximately 95 miles southeast of Helena. It is located in Gallatin
County, which has a population of approximately 97,308. Bozeman is home to Montana
State University and experienced fairly significant growth from 1990 to 2007,
in part due to the growth of the University as well as the increased tourism
for resort areas in and near Bozeman. Agriculture, however, remains an important
part of Bozeman’s economy. Bozeman has also become an attractive location
for retirees, primarily from the West Coast, owing to its many winter and summer
recreational opportunities and the presence of the University.
Sources:
Eagle Bancorp Montana Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Eagle Bancorp Montana Inc’s corporate clients.
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