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Eagle Bancorp Montana, Inc. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Eagle Bancorp Montana, Inc.

Filing date:

03/14/2025

TLDR:

Eagle Bancorp Montana determined that its Consolidated Statement of Cash Flows for the nine-month period ended September 30, 2024, should no longer be relied upon due to misclassification of borrowings.

ELI5:

Eagle Bancorp Montana found a mistake in how they reported their cash flow statement for part of 2024. They’ve fixed it in their annual report, so investors should look at that instead.

Accession #:

0001437749-25-007746

Published on

Analyst Summary

  • Eagle Bancorp Montana identified a misclassification of borrowings as short-term or long-term within the financing section of its Consolidated Statement of Cash Flows for the nine months ended September 30, 2024.
  • The misclassification involved the presentation of net short-term advances and long-term borrowings, impacting the specific amounts reported for these activities.
  • The company’s management and Audit Committee, after consulting with Moss Adams, LLP, determined that the Impacted Statement of Cash Flows should no longer be relied upon.
  • The company has provided corrected disclosure in its 2024 Form 10-K and advises investors to rely on the financial information disclosed therein and in future filings.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️