Eagle Bancorp reports Q3 EPS ($2.22) vs. ($2.30) last year

Reports Q3 tangible book value per share $37.00. Reports Q3 CET1 capital ratio 13.58%. “We continued to execute our strategy to resolve asset quality challenges within the loan portfolio,” said Susan Riel, chair, president, and CEO of the company. “The credit costs recognized this quarter reflect our commitment to managing credit risk with discipline and accountability. Following an independent review of our loan portfolio and expanded supplemental internal analysis, we took actions to reduce valuation risk in the office portfolio.”