Eagle Bancorp (EGBN) investor relations material

Executive summary

• New President and CEO Steve Curley outlined four key priorities: asset quality, funding profile, operating performance, and capital allocation, emphasizing disciplined execution and transparency.

• Maintains a strong presence in the Washington DC metro area, benefiting from high median household income and a robust, diversified economy.

• Strategic focus on C&I lending, deposit growth, and risk reduction, with a branch-light, efficient operating model.

• Leadership team averages 25 years of banking experience, supporting operational excellence and innovation.

• Asset quality issues are identified and actively managed, with a focus on maximizing recoveries and minimizing losses.

Financial highlights

• Net income for Q2 2026 was $6.9 million ($0.23 per share), down from $14.7 million in Q1 2026, mainly due to higher provision for credit losses.

• Net interest income for Q2 2026 was $62.4 million, down $1.3 million sequentially; net interest margin rose to 2.52% from 2.47%.

• Pre-provision net revenue improved to $29.1 million, up $1.4 million sequentially, driven by lower non-interest expense.

• Noninterest expense for Q2 2026 was $44.0 million, down from $48.7 million prior quarter.

• Tangible book value per share was $37.73 at quarter end.

Outlook and guidance

• Net interest margin outlook narrowed to 2.6%-2.7% for 2026, reflecting improved visibility.

• Non-interest expense expected to decline 7%-11% year-over-year, mainly due to lower FDIC insurance expense.

• Non-interest income growth projected at 15%-25% for the year.

• Loan growth in CRE expected to stabilize in the second half of 2026, with growth resuming in 2027.

• 2026 guidance revised to reflect 10–13% decrease in average deposits and 10–12% decrease in average loans.