Eagle Bancorp reports Q4 EPS 25c, consensus (1c)

Reports Q4 tangible book value per share $37.59. Reports Q4 CET1 capital ratio 13.83%. “The quarter marked a return to profitability, supported by a lower provision expense as we continued to execute on credit risk reduction actions,” said Susan Riel, president, and CEO of the company. “We are encouraged by our early progress and remain focused on our efforts to improve results. We will remain disciplined in executing on asset disposition strategies that are reducing exposures and improving overall credit quality.”