EAGLE BANCORP INC (EGBN) Form 8-K — Oct 21, 2026
$EGBNForm 8-KItems 2.02, 7.01, 9.01Filed Oct 21, 2026, 4:26 PM ET0001050441-26-000110Original filing
Eagle Bancorp reported Q3 2026 net income of $24.2 million ($0.79 diluted EPS), up $17.3 million from $6.9 million in Q2 2026, driven primarily by an $18.6 million lower provision for credit losses and a tax benefit from a state refund. The quarter showed credit progress but lingering stress: net charge-offs fell to an annualized 0.25% from 2.78%, criticized and classified loans hit a two-year low, and NIM expanded to 2.60%, yet non-performing assets jumped 47% QoQ to $166.0 million (1.75% of assets), with 76% of inflows from a single multifamily loan.
Key figures
- Eps
- 0.79
- Revenue
- net interest income of $61.3 million plus noninterest income of $9.6 million
- Guidance
- Q4 2026: average deposits $8,713-$9,160M, average loans $6,681-$7,023M, NIM 2.65%-2.78%; FY2027: NIM 2.77%-3.05%, noninterest income $30.7-$34.0M, noninterest expense $169.7-$187.5M, effective tax rate 15%-19%
- Net Income
- 24246000
- Total Debt
- long-term borrowings of $76.7 million; no short-term borrowings
- Total Assets
- 9464298000
- Cash Position
- $528.6 million interest-bearing deposits with banks plus over $4.7 billion available liquidity
- Nim
- 2.60% (up 8 bps QoQ)
- Roa
- 0.96%
- Npas
- $166.0 million, 1.75% of total assets (up from $113.1M / 1.17%)
- Ppnr
- $23.8 million vs $29.1 million prior quarter
- Tbvps
- $38.00
- Dividend
- $0.01 per share payable November 17, 2026
- Acl ratio
- 1.84% of loans
- Tce ratio
- 12.24%
- Cet1 ratio
- 14.99%
- Total loans
- $6.6 billion (down 1.4% QoQ)
- Total deposits
- $8.0 billion (down 1.8% QoQ)
- Efficiency ratio
- 66.5%
- Net charge offs annualized
- 0.25% vs 2.78% prior quarter
- Provision for credit losses
- $2.8 million vs $21.4 million prior quarter
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