1. A regional bank like a Montana-specific U.S. Bank.

2. The full-service community bank for Montana, similar to a local version of PNC.

• Deposit Accounts: A variety of accounts for individuals and businesses, including checking, savings, money market, IRAs, and certificates of deposit.
• Residential Mortgage Loans: Financing for the purchase or construction of 1-4 family residential properties.
• Commercial Real Estate Loans: Loans for multi-family dwellings, nonresidential properties, commercial construction, and farmland.
• Home Equity Loans: Loans secured by the equity in a borrower's home.
• Consumer Loans: Personal loans secured by collateral like vehicles, boats, or general lines of credit.
• Commercial Business Loans: Secured and unsecured loans and lines of credit for small businesses.
• Agricultural Loans: Specific loans designed to support farming and agricultural operations.

Eagle Bancorp Montana (EBMT) operates as a bank holding company, and as such, its customers are primarily individuals and businesses who utilize its banking products and services rather than a limited number of "major customers" in the traditional sense of a goods or service provider selling to other companies. Therefore, its customers can be categorized as follows:

• Individual Retail Customers: This category includes individuals and families in Montana seeking personal banking services. This covers a wide range of offerings such as checking, savings, money market, and individual retirement accounts, certificates of deposit, 1-4 family residential mortgages, second mortgage/home equity loans, and various consumer loans (e.g., for automobiles, recreational vehicles, boats, and personal loans/lines of credit).
• Commercial & Small Business Customers: This segment comprises small businesses, entrepreneurs, and commercial entities within Montana. They utilize commercial deposit products, commercial real estate loans (including for multi-family dwellings, nonresidential properties, and commercial construction and development), and commercial business loans and lines of credit.
• Agricultural & Rural Customers: Given its operations in Montana, the bank serves farmers, ranchers, and agricultural businesses. These customers require specialized banking services including farmland loans and agricultural loans, which are distinct from general commercial business lending due to the unique nature of the agricultural sector.

• Fiserv, Inc. (FI)
• U.S. Bancorp (USB)

Laura Clark, President & Chief Executive Officer

Laura Clark is the President and CEO of Opportunity Bank of Montana, a subsidiary of Eagle Bancorp Montana. She joined Opportunity Bank in 2014, serving as CFO and COO before being promoted to President in 2022 and CEO in 2023. Clark also serves as a Director for the Federal Reserve Bank of Minneapolis, representing Ninth District member banks. Her community involvement includes serving on the boards of the Montana Independent Bankers Association and Exploration Works, Helena Rotary, and the Independent Community Bankers Association (ICBA) Legislative Committee. She holds a bachelor's degree in business administration from Montana State University – Billings.

Miranda J. Spaulding, Senior Vice President & Chief Financial Officer

Miranda J. Spaulding, a Certified Public Accountant (CPA), currently serves as Senior Vice President and Chief Financial Officer. She joined the bank in 2013, was promoted to Vice President in 2018, and previously held the role of the Bank's Corporate Financial Director. Spaulding brings over 20 years of experience in financial reporting for public companies. She earned a Bachelor of Science degree in Business and a Master of Professional Accountancy degree from Montana State University and is a member of the Montana Society of CPAs and the American Institute of CPAs.

Darryl Rensmon, Senior Vice President & Chief Operating Officer

Darryl Rensmon joined Eagle in September 2016 as Vice President/Chief Information Officer. He was promoted to Senior Vice President in October 2017 and subsequently to Senior Vice President/Chief Operating Officer in October 2022. Effective March 10, 2026, Rensmon will also assume Chief Lending Officer responsibilities on an interim basis.

Dale F. Field, Senior Vice President & Chief Credit Administration Officer

Dale F. Field joined Eagle in 2001 as a Vice President/Commercial Lender. He was promoted to Vice President/Chief Credit Administration Officer in 2011.

Karen Chilton, Vice President & Branch Administrator

Karen Chilton joined Opportunity Bank in September 2014 as Branch Administrator and was promoted to Vice President in 2018. Before joining the Bank, she served as Vice President of Retail Operations at a different Montana community bank since 2003 and also held several positions at a regional bank. Chilton graduated from the University of Montana with a Bachelor of Science degree in Business Administration.

1. Interest Rate Sensitivity: Eagle Bancorp Montana's financial condition and operational results are significantly affected by changes in interest rates. A rise in funding costs that outpaces the repricing of its loan portfolio can erode its Net Interest Income (NII). Conversely, decreases in interest rates can lead to increased prepayments of loans as borrowers refinance, exposing the bank to reinvestment risk if new investments yield lower rates. Changes in interest rates can also influence loan demand.
2. ESG and Climate-Related Risks: The company faces increasing environmental, social, and governance (ESG) and climate-related risks. These include growing external pressure to enhance ESG practices, regulatory pressures, and potentially rising operational costs due to conflicting stakeholder expectations and new regulations. Climate-related regulatory measures, such as emission taxes or mandated operational changes, could necessitate substantial capital investments and higher ongoing expenses. Furthermore, physical climate risks, like severe weather, may negatively impact collateral values and regional economies, thereby affecting the bank's loan portfolio performance.
3. Credit Risk and Adverse Economic/Market Conditions: Unfavorable economic and market conditions can lead to a deterioration in the credit quality of Eagle Bancorp Montana's borrowers. This can result in an increase in loan delinquencies, defaults, and charge-offs, requiring additional provisions for credit losses and adversely impacting the overall quality of its loan portfolio. Declines in home values could also decrease loan originations and exacerbate delinquencies and defaults. A slowdown in lending activity, as indicated by a decrease in the total loan portfolio, signals softening demand for new loans and poses a headwind for future net interest income.

• The proliferation of digital-only banks (neobanks and challenger banks) that offer competitive rates, lower fees, and superior digital user experiences without the overhead of physical branches. These entities can attract customers who prioritize convenience and technology, directly challenging Eagle Bancorp Montana's deposit base and retail banking services.
• The rise of specialized online lenders and mortgage providers that offer streamlined, digital-first application processes for various loans (e.g., residential mortgages, consumer loans, small business loans). Their speed, convenience, and potentially competitive rates can draw customers away from traditional bank lending channels, eroding Eagle Bancorp Montana's loan origination market share.
• Increasing entry of large technology companies (e.g., Apple, Google, Amazon) into financial services, offering integrated payment solutions, credit, and consumer lending products. These companies leverage their vast user bases and data to provide highly convenient financial services, potentially disintermediating traditional banks from certain customer segments and revenue streams.

Share Repurchases

• Eagle Bancorp Montana renewed its stock repurchase plan in April 2023.

Share Issuance

• In April 2022, Eagle Bancorp Montana issued approximately 1,396,596 shares of common stock as part of the acquisition of First Community Bancorp, Inc.
• The value of the common stock issued for this acquisition was approximately $28.35 million.

Outbound Investments

• In April 2022, Eagle Bancorp Montana completed the acquisition of First Community Bancorp, Inc. for a total consideration of approximately $38.6 million.
• This acquisition included $10.23 million in cash consideration and expanded the company's presence by acquiring nine retail bank branches and two loan production offices in Montana.

Capital Expenditures

• In the fourth quarter of 2025, Eagle Bancorp Montana invested $934K in capital expenditures.
• These capital expenditures were primarily focused on funding long-term assets and infrastructure.