Eagle Bancorp (EGBN)
NASDAQ:EGBN
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
-2.3Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call struck a constructive tone: management demonstrated tangible progress on asset-quality metrics, capital levels, funding mix, and returned the company to profitability after a loss in the prior quarter. Management is intentionally resolving legacy CRE/office exposures which is improving concentration metrics and funding quality but is generating near-term headwinds—higher charge-offs, elevated nonaccruals, and a smaller earning-asset base that pressure NII. The narrative is one of deliberate, disciplined repositioning: short-term earnings and credit volatility are accepted to produce a cleaner balance sheet, stronger funding mix, and improved long-term earnings durability.Company Guidance
Held-for-Sale Progress
Held-for-sale portfolio decreased to $55.7 million from $90.7 million at year-end, and $55.2 million of the $55.7 million was already under contract to be sold (≈99% under contract), reflecting active resolution of legacy exposures.
Reserves and Provisioning Discipline
Allowance for credit losses ended the quarter at $147.2 million (2.12% of total loans) with a $60 million reserve specifically against the income-producing office portfolio. Provision for credit losses was $13.4 million, down $2.1 million from the prior quarter.
C&I Growth and Strategic Repositioning
Commercial & Industrial growth showed strength (≈5% linked-quarter loan growth and 28% year-over-year C&I deposit growth disclosed), supporting management's strategy to diversify the loan mix and grow relationship-driven deposits.
Return to Profitability
Net income of $14.7 million in Q1 (EPS $0.48) versus a $2.4 million loss in the prior quarter, reflecting a meaningful quarter-over-quarter swing to profitability.
Expanded Net Interest Margin
NIM expanded 9 basis points to 2.47% in the quarter, driven by an improved funding mix and reduced wholesale funding usage (management estimates ~3 bps of NIM pressure from loans moving to nonaccrual).
Improved Pre-Provision Revenue and Expense Reduction
Pre-provision net revenue was $27.7 million, up $7.0 million from the prior quarter; noninterest expense declined $21.1 million to $48.7 million, benefiting from the absence of one-time Q4 items (loan disposition expenses of $14.7M and a $10M legal provision).
Strong Capital and Book Value Trends
Tangible common equity to tangible assets was 11.51%; Tier 1 leverage 10.63%; CET1 13.8%. Tangible book value per share rose $0.30 to $37.56 as earnings contributed to capital.
Funding Mix Improvements — Core Deposits and Liquidity
Core deposits grew $240 million year over year while brokered deposits were reduced by $921 million year over year; period-end deposits intentionally declined $542 million from Dec 31 driven largely by reduced brokered funding. Available liquidity remained strong at $4.3 billion and management maintains ~2x coverage of uninsured deposits.
Progress on Concentrations and Criticized/Classified Balances
CRE concentration ratio declined to 295% (below the 300% threshold) and ADC concentration was 76%. Criticized and classified balances fell $79.9 million in the quarter to $794.1 million; as a percentage of Tier 1 capital this metric declined to 67.3% from 74.6% at year-end (and down from a 90% peak).
EGBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
EGBN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $26.88 | $26.15 | -2.72% |
Jan 21, 2026 | $24.02 | $27.87 | +16.02% |
Oct 23, 2025 | $16.93 | $17.41 | +2.83% |
Jul 23, 2025 | $21.25 | $16.74 | -21.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Eagle Bancorp (EGBN) report earnings?
Eagle Bancorp (EGBN) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Eagle Bancorp (EGBN) earnings time?
Eagle Bancorp (EGBN) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is EGBN EPS forecast?
EGBN EPS forecast for the fiscal quarter 2026 (Q2) is 0.37.