Eagle Bancorp Montana, Inc. reported unaudited earnings results for the fourth quarter and full year ended of December 31, 2016. For the quarter, the company's net income increased 64.5% to $1.4 million, or $0.37 per diluted share, compared to $881,000, or $0.22 per diluted share, in the fourth quarter a year ago. Revenues (net interest income before the provision for loan losses, plus non-interest income) increased 34.4% to $10.2 million compared to $7.6 million in the same period a year ago. Net interest income was $5,561,000 compared to $5,421,000 a year ago. Net interest income after loan loss provision was $5,109,000 compared to $4,523,000 a year ago. Income before income taxes was $2,082,000 compared to $814,000 a year ago. Tangible book value per share was $13.65. Return on average assets was 0.86% compared to 0.57% a year ago. Return on average equity was 9.57% compared to 6.39% a year ago.

For the full year of 2016, the company reported net income increased 98.9% to $5.1 million, or $1.32 per diluted share, in 2016, compared to $2.6 million, or $0.67 per diluted share, in 2015. Revenues increased 23.5% to $36.8 million, compared to $29.8 million in 2015.  Net interest income before the provision for loan loss increased 2.6% to $5.6 million in the fourth quarter compared to $5.4 million in the preceding quarter, and increased 14.3% compared to $4.9 million in the fourth quarter a year ago.  Net interest income increased 15.4% to $20.8 million, compared to $18.0 million in 2015. Net interest income after loan loss provision was $18,960,000 compared to $16,708,000 a year ago. Income before income taxes was $6,931,000 compared to $2,743,000 a year ago.

For the quarter, the company's net charge-offs totaled $332,000, compared to $82,000 in the preceding quarter and $23,000 in the fourth quarter a year ago.