Quarterly ResultMay 7, 2026, 04:54 PM
Eagle Bancorp Q1 Net Income $14.7M; EPS $0.48
AI Summary
Eagle Bancorp reported a significant increase in net income for Q1 2026 to $14.7 million, up from $1.7 million in Q1 2025, with diluted EPS rising to $0.48 from $0.06. This improvement was partly due to a lower provision for credit losses. However, the company experienced a decrease in total assets, deposits, and loans quarter-over-quarter, and declared a lower cash dividend of $0.01 per share compared to $0.165 in the prior year.
Key Highlights
- Net income for Q1 2026 was $14.7 million, up from $1.7 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.48, compared to $0.06 in Q1 2025.
- Total assets decreased to $9.95 billion as of March 31, 2026, from $10.50 billion at December 31, 2025.
- Total deposits were $8.59 billion as of March 31, 2026, down from $9.13 billion at December 31, 2025.
- Net interest income for Q1 2026 was $63.7 million, a decrease from $65.6 million in Q1 2025.
- Provision for credit losses decreased to $13.4 million in Q1 2026 from $26.3 million in Q1 2025.
- Cash dividends declared were $0.01 per share in Q1 2026, down from $0.165 per share in Q1 2025.
- Loans held for investment, net, decreased to $6.79 billion from $7.12 billion quarter-over-quarter.
Price Impact
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