Monday, September 24, 2018

The 3 Largest Montana Banks Pretax Profits Grow By 85% So Far During Jon Tester's Current US Senate Term .......................................................................................


Current Montana US Senator Jon Tester has served in the US Senate from 2007 to now.

His current US Senate term started in the beginning of 2013.

From a review of SEC filings, there are 5 Montana headquartered Companies with stock market caps above $50 mil recently which have filed their annual audited financial statements consecutively from Fiscal Year End (FYE) 2012 through FYE 2017.

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.

And these Montana Companies posted healthy profits while Jon Tester has served in the US Senate.

The three largest Montana Banks, which dominate the Montana earnings landscape, generated Audited US GAAP Total Pretax Earnings of $344.2 in 2017, Up 85% during Jon Tester’s current US Senate term.

And these three Montana Banks have shown very consistently solid total earnings growth of 10.0% in 2017 and of 10.7% in 2016.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income for annual years 2017, 2016, 2015 and 2012 for these 5 Montana Companies.

2017 2016 2015 2012 Jon
Audited Audited Audited Audited Tester
Pretax Pretax Pretax Pretax Current
Income Income Income Income US Senate
(Loss) (Loss) (Loss) (Loss) Five Year
From From From From Term
Montana Companies City State 2017 Continuing Continuing Continuing Continuing %
Stock Market Caps Above $50 Mil HQs HQs FYE Operations Operations Operations Operations Increase
 $ mils  $ mils  $ mils  $ mils
Banks
Glacier Bancorp Kalispell MT Dec 17 181 161 150 95 91%
First Interstate Banc System Billings MT Dec 17 157 145 130 88 78%
Eagle Bancorp Montana Helena MT Dec 17 6.2 6.9 2.7 3.0 107%
Total all 3 Montana Banks
344.2 312.9 282.7 186.0 85%
….. % Increase From Preceding Year 10.0% 10.7%
Non-Bank Cos
United States Antimony Thompson Falls MT Dec 17              (1.1)              (1.0)              (0.8)              (0.4)
Xtant Medical Holdings Belgrade MT Dec 17            (52.4)            (19.4)            (19.7)              (7.7)
Total all 5 Montana Cos
           290.7            292.5            262.2            177.9 63%
….. % Change From Preceding Year -0.6% 11.6%