Earnings ·
Eagle Bancorp, Inc. reported second quarter 2026 net income of $6.9 million, or $0.23 per share, a decrease from $14.7…
EGBNEagle Bancorp Inc
Eagle Bancorp, Inc. reported second quarter 2026 net income of $6.9 million, or $0.23 per share, a decrease from $14.7 million ($0.48 per share) in the first quarter. The decline was primarily driven by a $21.4 million provision for credit losses, which increased from $13.4 million in the prior quarter. Net interest margin expanded 5 basis points to 2.52%. The company's common equity tier 1 capital ratio was 14.58% at quarter-end. Total loans decreased 4.6% to $6.7 billion, while total deposits fell 4.7% to $8.2 billion. The company announced a cash dividend of $0.01 per share. Eagle Bancorp is a financial holding company for EagleBank, a community bank operating in the Washington D.C. metropolitan area.