Eagle Bancorp reports Q2 operating EPS 67c, consensus 42c

Reports Q2 revenue $76.69M, consensus $75M. Reports Q2 CET1 capital ratio 13.92%. Reports Q2 tangible book value per share $38.74. Reports Q2 net charge-offs .11%. “The Company’s operating results materially improved from the first quarter due to a normalization of charge-offs from our loan portfolio. We continue to execute on our strategic plan as evidenced by initiatives such as the addition of the Expatriate Banking Services Division and the continued success of our digital banking channel driving our objective of further diversification of deposits and reducing the use of wholesale funding sources” said Susan G. Riel, President and Chief Executive Officer of the Company.