EAGLE BANCORP INC

Listed Company

EGBNCIK 0001050441NasdaqAcceleratedState Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-138.05M

Total Assets

$10.50B

Equity

$1.13B

Shares Out

30.36M

Op. Cash Flow

$28.50M

Business

EAGLE BANCORP INC is a bank holding company that operates through its principal subsidiary, EagleBank, to provide commercial and consumer banking services focused on relationship banking. It offers commercial and construction lending, commercial real estate and SBA loans, consumer loans and mortgages, deposit products, treasury management, digital and mobile banking, investment securities, insurance referral services and real estate leasing operations. Its operations include the Bank and direct subsidiaries Bethesda Leasing, Eagle Insurance Services and Landroval Municipal Finance, plus branch and lending center networks. The Company serves the Washington, D.C. metropolitan area via branches and lending centers and distributes certain deposit products nationally through a digital platform.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	495	548	518	359	338
Interest and dividends on investment securities	44	50	55	51	23
Interest on balances with other banks and short-term investments	66	89	53	13	4
Total interest income	604	688	625	425	364
Interest on deposits	315	320	258	83	28
Interest on customer repurchase agreements	764,000	1	1	356,000	51,000
Interest on other short-term borrowings	11	72	73	4	12
Interest on long-term borrowings	8	5	3	4	10
Total interest expense	335	399	335	92	—
Net Interest Income	270	289	291	333	325
Provision for (Reversal of) Credit Losses	293	66	32	266,000	−21
Provision for (Reversal of) Credit Losses for Unfunded Commitments	2	−2	−267,000	1	−1
Net Interest Income (Loss) After Provision for (Reversal of) Credit Losses	−25	224	259	331	346
Service charges on deposits	7	7	6	5	5
Gain (loss) on sale of loans	−5	57,000	418,000	4	14
Net gain (loss) on sale of investment securities	−4	14,000	−11,000	−169,000	3
Increase in the cash surrender value of bank-owned life insurance	20	3	3	3	2
Other income	10	10	12	12	17
Total noninterest income	29	20	22	24	40
Salaries and employee benefits	88	88	86	84	88
Premises and equipment expenses	12	11	13	13	15
Marketing and advertising	5	5	3	5	4
Data processing	17	14	13	12	12
Legal, accounting and professional fees	10	9	11	9	12
FDIC insurance	31	29	12	5	6
Goodwill impairment	0	104	0	0	—
Legal contingency (Note 19)	10	0	0	—	—
Other expenses	28	13	16	14	13
Total noninterest expense	201	275	153	165	149
Income (Loss) Before Income Tax Expense	−196	−30	128	190	238
Income Tax Expense (Benefit)	−58	17	27	49	61
Net Income (loss)	−138	−47	101	141	177
Basic (in dollars per share)	−4.55	−1.56	3.31	4.4	5.53
Diluted (in dollars per share)	−4.55	−1.56	3.31	4.39	5.52

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	12	14	9	13	13
Interest-bearing deposits with banks and other short-term investments	684	619	710	265	1,681
Investment securities available-for-sale (amortized cost of $1,055,146 and $1,408,935, respectively, and allowance for credit losses of $0 and $22, respectively)	977	1,267	1,506	1,599	2,623
Investment securities held-to-maturity, net of allowance for credit losses of $1,030 and $1,306, respectively (fair value of $774,947 and $820,382, respectively)	855	939	—	—	—
Federal Reserve and Federal Home Loan Bank stock	28	52	26	65	34
Loans held for sale, at lower of cost or fair value	91	0	0	7	47
Loans held for investment, at amortized cost	7,280	7,935	7,969	7,636	7,066
Less: Allowance for credit losses	−160	−114	−86	−74	−75
Loans held for investment, net of allowance	7,121	7,820	7,883	7,561	6,991
Premises and equipment, net	13	8	10	13	15
Right-of-use assets - operating leases	28	18	19	25	31
Deferred income taxes	132	91	87	97	43
Bank-owned life insurance	335	116	113	111	109
Other real estate owned	2	3	1	2	2
Other assets	219	182	176	162	135
Total Assets	10,497	11,130	11,665	11,151	11,847
Noninterest-bearing demand	1,434	1,544	2,279	3,151	3,278
Interest-bearing transaction	1,038	1,212	997	1,138	777
Savings and money market	3,625	3,599	3,314	3,641	5,197
Time deposits	3,037	2,776	2,217	783	729
Total deposits	9,134	9,131	8,808	8,713	9,982
Customer repurchase agreements	0	33	31	35	24
Other short-term borrowings	0	490	1,370	975	300
Long-term borrowings	76	76	0	70	70
Operating lease liabilities	35	24	23	29	36
Reserve for unfunded commitments	5	4	6	6	4
Other liabilities	116	146	153	94	82
Total Liabilities	9,366	9,903	10,390	9,923	10,497
Common stock, par value 0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,359,632 and 30,202,003, respectively	300,000	298,000	296,000	310,000	316,000
Additional paid-in capital	382	385	375	412	435
Retained earnings	838	982	1,061	1,015	930
Accumulated other comprehensive income (loss)	−89	−141	−162	−200	−14
Total Shareholders Equity	1,131	1,226	1,274	1,228	1,351
Total Liabilities and Shareholders Equity	10,497	11,130	11,665	11,151	11,847

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
(Reversal of) provision for unfunded commitments	2	−2	−267,000	1	−1
Depreciation and amortization	3	3	3	3	6
Loss on mortgage servicing rights	0	−2	142,000	−837,000	−679,000
Securities premium amortization (discount accretion), net	4	5	6	9	4
Origination of loans residential mortgage loans held for sale	0	0	−30	−299	−1,156
Proceeds from sale of residential mortgage loans held for sale	0	0	37	344	1,211
Gains (loss) on sale of residential mortgage loans held for sale	0	−57,000	−418,000	—	—
Deferred income tax (benefit) expense	−58	3	−3	7	6
Net gain on sale of other real estate owned	−2	0	−134,000	−248,000	−1
Net increase in cash surrender value of bank owned life insurance	−20	−3	−3	−3	−2
Net (gain) loss on sale of investment securities	4	−14,000	11,000	169,000	−3
Stock-based compensation expense	7	10	10	10	8
Decrease (increase) in other assets	−38	−8	−15	−26	1
Increase (decrease) in other liabilities	−29	−6	58	13	25
Net cash provided by operating activities	28	124	196	195	238
Purchases of available-for-sale investment securities	−28	0	0	−425	−2,029
Proceeds from maturities of available-for-sale securities	120	115	124	262	314
Proceeds from sale/call of available-for-sale securities	256	141	8	6	201
Proceeds from maturities of held-to-maturity securities	68	70	78	116	0
Proceeds from call of held-to-maturity securities	20	12	3	8	0
Purchases of Federal Reserve stock	−197,000	−2	−299,000	−288,000	−218,000
Proceeds from (purchases of) Federal Home Loan Bank stock	24	−24	40	−31	—
Proceeds from sale of mortgage servicing rights	0	5	0	0	—
Net change in loans	208	−7	−352	−571	511
Proceeds from sale of loans	95	0	0	0	170
Net (purchase) redemption of bank owned life insurance	−199	0	736,000	338,000	−30
Proceeds from sale of other real estate owned	15	656,000	987,000	241,000	5
Purchase of premises and equipment	−8	−326,000	−70,000	−2	−5
Net cash (used in) provided by investing activities	570	311	−98	−927	−858
Increase (decrease) in deposits	3	323	95	−1,268	792
Increase (decrease) in customer repurchase agreements	−33	3	−5	11	−3
Decrease in short-term borrowings	−490	−880	325	675	0
Net proceeds from long-term borrowings	0	76	0	—	—
Proceeds from exercise of equity compensation plans	−1	0	0	—	—
Proceeds from employee stock purchase plan	436,000	485,000	586,000	748,000	496,000
Common stock repurchased	0	0	−48	−33	−682,000
Cash dividends paid	−15	−46	−55	−56	−45
Net cash provided by (used in) financing activities	−537	−524	313	−670	545
Net Increase (Decrease) in Cash and Cash Equivalents	62	−89	411	−1,402	−75
Interest paid	342	438	377	91	31
Federal	0	5	22	—	—
State	1	3	40,000	—	—
Foreign	0	0	0	—	—
Net cash paid (refunds received) for income taxes	1	8	22	23	54
Initial recognition of operating lease right-of-use assets	16	6	418,000	0	9
Transfer of loans held for investment to loans held for sale	201	5	0	0	—
Transfers from loans to other real estate owned	13	2	0	475,000	149,000

Filings

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