Eagle Ban Earnings Calls

Q4 2024 Missed
$0.500 (-1.96%)
Release date Jan 22, 2025
EPS estimate $0.510
EPS actual $0.500
EPS Surprise -1.96%
Revenue estimate 74.673M
Revenue actual 168.417M
Revenue Surprise 125.54%
Q3 2024 Beat
$0.720 (63.64%)
Release date Oct 23, 2024
EPS estimate $0.440
EPS actual $0.720
EPS Surprise 63.64%
Revenue estimate 75.2M
Revenue actual 78.794M
Revenue Surprise 4.78%
Q2 2024 Beat
$0.670 (103.03%)
Release date Jul 24, 2024
EPS estimate $0.330
EPS actual $0.670
EPS Surprise 103.03%
Revenue estimate 75M
Revenue actual 174.834M
Revenue Surprise 133.11%
Q1 2024 Missed
-$0.0100 (-101.69%)
Release date Apr 24, 2024
EPS estimate $0.590
EPS actual -$0.0100
EPS Surprise -101.69%
Revenue estimate 74.08M
Revenue actual 178.982M
Revenue Surprise 141.61%

Last 4 Quarters for Eagle Ban

Below you can see how EGBN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Missed
Release date Apr 24, 2024
Fiscal end date Mar 31, 2024
Price on release $22.24
EPS estimate $0.590
EPS actual -$0.0100
EPS surprise -101.69%
Date Price
Apr 18, 2024 $20.52
Apr 19, 2024 $21.62
Apr 22, 2024 $21.80
Apr 23, 2024 $22.27
Apr 24, 2024 $22.24
Apr 25, 2024 $19.96
Apr 26, 2024 $19.41
Apr 29, 2024 $18.96
Apr 30, 2024 $18.49
4 days before 8.38%
4 days after -16.86%
On release day -10.25%
Change in period -9.89%
Q2 2024 Beat
Release date Jul 24, 2024
Fiscal end date Jun 30, 2024
Price on release $22.44
EPS estimate $0.330
EPS actual $0.670
EPS surprise 103.03%
Date Price
Jul 18, 2024 $22.77
Jul 19, 2024 $22.23
Jul 22, 2024 $22.90
Jul 23, 2024 $23.15
Jul 24, 2024 $22.44
Jul 25, 2024 $22.65
Jul 26, 2024 $22.60
Jul 29, 2024 $21.45
Jul 30, 2024 $21.67
4 days before -1.45%
4 days after -3.43%
On release day 0.94%
Change in period -4.83%
Q3 2024 Beat
Release date Oct 23, 2024
Fiscal end date Sep 30, 2024
Price on release $23.28
EPS estimate $0.440
EPS actual $0.720
EPS surprise 63.64%
Date Price
Oct 17, 2024 $24.82
Oct 18, 2024 $24.45
Oct 21, 2024 $23.15
Oct 22, 2024 $23.10
Oct 23, 2024 $23.28
Oct 24, 2024 $26.88
Oct 25, 2024 $26.17
Oct 28, 2024 $26.62
Oct 29, 2024 $26.54
4 days before -6.20%
4 days after 14.00%
On release day 15.46%
Change in period 6.93%
Q4 2024 Missed
Release date Jan 22, 2025
Fiscal end date Dec 31, 2024
Price on release $24.58
EPS estimate $0.510
EPS actual $0.500
EPS surprise -1.96%
Date Price
Jan 15, 2025 $24.86
Jan 16, 2025 $24.50
Jan 17, 2025 $24.64
Jan 21, 2025 $25.10
Jan 22, 2025 $24.58
Jan 23, 2025 $25.28
Jan 24, 2025 $25.46
Jan 27, 2025 $26.35
Jan 28, 2025 $26.05
4 days before -1.13%
4 days after 5.98%
On release day 2.85%
Change in period 4.79%

Eagle Ban Earnings Call Transcript Summary of Q4 2024

Eagle Bancorp Inc.

Pre-Tax Income: Declined by $6.9 million to $19.8 million in Q4.

  • Charge-offs: Net charge-offs totaled $9.5 million in Q4, with total charge-offs for 2024 reaching $38.6 million or 48 basis points.
  • Provision for Credit Losses: Increased, driven by migration of a significant office loan to non-accrual status, leading to a $9 million charge-off.
  • Deposits: Quarter-end deposits grew by $590.2 million, enabling full repayment of $1 billion in Bank Term Funding Program debt.

Asset Quality:

  • Loan Status: A $74.9 million office loan was moved to non-accrual status due to valuation declines amidst market challenges, though the borrower remains current on payments.
  • Asset Quality Metrics: Non-performing loans increased by $74.3 million to $208.7 million; however, there were upgrades in several loans, indicating some improvement in overall asset quality as well as decreases in special mention loans.
  • Reserve Coverage: Allowance for Credit Losses (ACL) increased to $114 million, representing coverage of total loans at 1.44%.

Operational and Strategic Insights:

  • C&I Team Strengthened: The bank is focused on deepening relationships and growth in deposits and fee income, with positive results already showing from new strategic hires in the C&I (Commercial and Industrial) sector.
  • Credit Outlook: Management anticipates that any future reserve increases will likely stem from specific reserves for individually assessed loans, rather than systemic reserve builds.
  • Long-Term Strategy: Eagle Bank is committed to a disciplined strategy amidst evolving market dynamics, with a focus on operational excellence, and expects loan growth of 2% to 8% in 2025.

Market Position:

  • Competitive Advantage: The bank maintains a robust market presence in the DMV (D.C., Maryland, Virginia) area and sees opportunities arising from potential dislocations due to competitors merging and consolidating.
  • Regulatory Environment: The new administration's views on government office space leasing may spur opportunities for growth in leasing and revitalization efforts in certain sectors.

Liquidity and Capital Strength:

  • Liquidity Position: Average deposits grew by $585.1 million from the previous year; liquidity from various sources totaled $4.6 billion at quarter-end.
  • Capital Ratios: Tier 1 leverage ratio remained strong at 10.74%, and the Common Equity Tier 1 ratio increased to 14.63%, indicating a stable capital position.

Conclusion:

Eagle Bancorp demonstrated a cautious yet optimistic approach throughout 2024 amid significant market challenges, especially concerning office loans. The bank's proactive measures in credit management, strategic hiring, targeted growth within its C&I operations, and a solid capital position place it well for navigating future market conditions and potential opportunities resulting from industry changes. Investors should monitor asset quality trends, loan growth rates, and the impact of broader economic dynamics on the bank's portfolio.

Eagle Ban Earnings History

Earnings Calendar

FAQ

When is the earnings report for EGBN?
Eagle Bancorp (EGBN) has scheduled its earnings report for Apr 23, 2025 after the markets close.

What is the EGBN price-to-earnings (P/E) ratio?
EGBN P/E ratio as of Feb 14, 2025 (TTM) is -16.28.

What is the EGBN EPS forecast?
The forecasted EPS (Earnings Per Share) for Eagle Bancorp (EGBN) for the first fiscal quarter 2025 is $0.510.

What are Eagle Bancorp's retained earnings?
On its balance sheet, Eagle Bancorp reported retained earnings of $168.42 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT EAGLE BANCORP
Eagle Ban
Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial re...
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