Hill's previous scoring high was 17 points against Ball State in November. Eayrs had 22 in a game earlier this month.
Milwaukee (12-6, 7-1) led 37-32 at the half and 73-54 in the second half. Then the Vikings nailed four straight 3-pointers, two by Bullock, to pull within 73-66 with about three minutes left.
Cole scored with 57 seconds left to pull the Vikings within 77-75 but Milwaukee hung on to win.
The Panthers have won nine of their last 11 games.
Milwaukee coach Rob Jeter and his staff were barefoot in honor of Dr. Martin Luther King Jr.