Eagle Bancorp Stock Earnings Reports
Eagle Ban Earnings Calls
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% |
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% |
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% |
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.
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% |
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% |
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% |
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.