Quarterly ResultJul 22, 2026, 04:16 PM
Eagle Bancorp Q2 Net Income $6.9M, EPS $0.23; Declares $0.01 Dividend
AI Summary
Eagle Bancorp reported a net income of $6.9 million, or $0.23 per diluted share, for the second quarter of 2026, a decrease from $14.7 million in the prior quarter, primarily due to an $8.1 million higher provision for credit losses. Despite this, the company saw improvements in pre-provision net revenue (PPNR) to $29.1 million and an expanded net interest margin (NIM) of 2.52%. Non-performing assets also decreased by $17.7 million, and the company announced a cash dividend of $0.01 per share.
Key Highlights
- Net income for Q2 2026 was $6.9 million, down from $14.7 million in Q1 2026.
- Diluted EPS was $0.23 for Q2 2026, compared to $0.48 in Q1 2026.
- Provision for credit losses increased to $21.4 million from $13.4 million in the prior quarter.
- Pre-provision net revenue (PPNR) improved to $29.1 million from $27.7 million.
- Net interest margin (NIM) expanded to 2.52% from 2.47% in the prior quarter.
- Non-performing assets decreased by $17.7 million to $113.1 million.
- Total loans were $6.7 billion and total deposits were $8.2 billion at quarter-end.
- The company declared a cash dividend of $0.01 per share.
Price Impact
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