The 3 Largest Montana Banks Audited Total Pretax Earnings Grow By 233% During Steve Bullock's Six Years as Montana Governor

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Current Montana Governor Steve Bullock has served as the Governor of Montana from the beginning of 2013 to now.

From a review of SEC filings, there are 5 Montana headquartered Companies with stock market caps above $50 mil sometime in 2018.

Of these 5 Montana Companies, 3 of them are Banks.

These three largest Montana Banks, which dominate the Montana earnings landscape, generated Audited US GAAP Total Pretax Earnings of $433.9 mil in 2018, Up a Blistering 233% over that in 2012 of $186.0 mil, the year before Bullock took office as Montana Governor.

And these three Montana Banks have shown very consistently solid total pretax earnings growth of 26% in 2018, of 10% in 2017 and of 11% in 2016.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income for annual years 2018, 2017, 2016, 2015 and 2012 for these 3 Montana Banks.

									Steve
				2018	2017	2016	2015	2012	Bullock
				Audited	Audited	Audited	Audited	Audited	Six-Year
				Pretax	Pretax	Pretax	Pretax	Pretax	Term
				Income	Income	Income	Income	Income	as
				(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	Montana
				From	From	From	From	From	Governor
Montana Banking Companies	City	State	2018	Continuing	Continuing	Continuing	Continuing	Continuing	%
Stock Market Caps Above $50 Mil	HQs	HQs	FYE	Operations	Operations	Operations	Operations	Operations	Increase
				$ mils	$ mils	$ mils	$ mils	$ mils
Banks
Glacier Bancorp	Kalispell	MT	Dec 18	222	181	161	150	95	234%
First Interstate Banc System	Billings	MT	Dec 18	206	157	145	130	88	234%
Eagle Bancorp Montana	Helena	MT	Dec 18	5.9	6.2	6.9	2.7	3.0	197%
Total all 3 Montana Banks				433.9	344.2	312.9	282.7	186.0	233%
….. % Increase From Preceding Year				26%	10%	11%

The smaller 2 Montana Companies haven't reported their December 2018 quarter earnings yet.  But for the most recent 9 months of 2018, they posted a 49% Total Earnings Improvement over the 9 months of 2017.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) for the First Nine Months of both 2018 and 2017 for these 2 Montana Non-Bank Companies.

				Nine	Nine
				Months	Months
				2018	2017
				Pretax	Pretax
			Most	Income	Income
			Recent	(Loss)	(Loss)
			Quarterly	From	From
Montana Non-Banking Companies	City	State	Earnings	Continuing	Continuing	Earnings	Earnings
Stock Market Caps Above $50 Mil	HQs	HQs	Reported	Operations	Operations	Improvement	Improvement
				$ mils	$ mils	$ mils	%
United States Antimony	Thompson Falls	MT	Sept 2018	0.7	(0.7)	1.4	200%
Xtant Medical Holdings	Belgrade	MT	Sept 2018	(13.4)	(24.0)	10.6	44%
Total both Montana Non-Bank Cos				(12.7)	(24.7)	12.0	49%