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Eagle Bancorp (EGBN)
NASDAQ:EGBN
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
-0.01Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: 5.90%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative aspects. While deposit growth and team strengthening were notable achievements, challenges such as office loan downgrades and a decline in net income were significant. The capital position remains strong, but increased nonperforming assets and a declining net interest margin present concerns.Company Guidance
During the Q4 2024 earnings call for Eagle Bancorp Inc., several key metrics and strategic insights were shared. The company reported a net income of $15.3 million for the quarter, with net interest income before provision totaling $70.8 million. Notably, deposit growth reached $590.2 million, allowing EagleBank to fully repay $1 billion in bank term funding program debt. The bank also faced a significant 44% decline in the appraisal value of a $74.9 million office loan, which was moved to nonaccrual status. This led to net charge-offs totaling $9.5 million for the quarter. Despite these challenges, Eagle Bancorp maintained a strong capital position, with a Tier 1 leverage ratio of 10.74% and a Common Equity Tier 1 ratio of 14.63%. Looking ahead, the bank anticipates loan growth between 2% and 8% for 2025, focusing on growing relationship deposits and reducing reliance on wholesale funding to enhance net interest margin (NIM), which declined by 8 basis points to 2.29% in the fourth quarter.Strong Deposit Growth
Fourth quarter deposit growth of $590.2 million allowed Eagle Bancorp to fully repay $1 billion in bank term funding program debt.
C&I Team Strengthening
Eagle Bancorp strengthened their C&I team to deepen relationships and grow deposits and fee income, which are key components of their profitability strategy.
Improved Classified and Criticized Loans
Special mention decreased by $120.2 million during the quarter, indicating overall positive migration of criticized and classified loans.
Capital Position and Liquidity
Tier 1 leverage ratio at 10.74%, Common equity Tier 1 ratio at 14.63%, tangible common equity ratio increased to 11.02%. Available liquidity totaled $4.6 billion.
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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
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EGBN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $24.58 | $25.28 | +2.85% |
| Oct 23, 2024 | $23.28 | $26.88 | +15.46% |
| Jul 24, 2024 | $22.29 | $22.50 | +0.94% |
| Apr 24, 2024 | $21.65 | $19.43 | -10.25% |
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.
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FAQ
When does Eagle Bancorp (EGBN) report earnings?
Eagle Bancorp (EGBN) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Eagle Bancorp (EGBN) earnings time?
Eagle Bancorp (EGBN) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGBN EPS forecast?
EGBN EPS forecast for the fiscal quarter 2025 (Q1) is 0.49.
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