Eagle Bancorp Inc (OQ:EGBN)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7815 WOODMONT AVENUE BETHESDA MD 20814 |
| Tel: | 1-240-5529534 |
| Website: | https://www.eaglebankcorp.com |
| IR: | See website |
| Key People | ||
| Norman R. Pozez Executive Chairman of the Board | Susan G. Riel President, Chief Executive Officer, Director | Charles D. Levingston Chief Financial Officer, Executive Vice President |
| Lindsey S. Rheaume Executive Vice President of the Company, Executive Vice President and Chief Lending Officer - Commercial and Industrial of the Bank | Paul Saltzman Executive Vice President, Chief Legal Officer | Janice L. Williams Senior Executive Vice President, Chief Credit Officer of the Bank |
| Business Overview |
| Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank. The Company, through the Bank, conducts a full-service community banking business in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living and/or working primarily in the Bank's market area. The Bank's loan portfolio consists of traditional business and real estate secured loans. It operates 13 branch offices: six in Suburban Maryland, four located in the District of Columbia, and three in Northern Virginia. It also has four lending centers and utilizes various digital capabilities, including remote deposit services and mobile banking services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Eagle Bancorp Inc interest income increased 47% to $625.3M. Net interest income after loan loss provision decreased 22% to $259.3M. Net income decreased 29% to $100.5M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 14% to 2.53%, Net Interest Spread, Total - % decrease of 45% to 1.28%. |
| Employees: | 452 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,064M as of Dec 31, 2023 |
| Annual revenue (TTM): | $625.33M as of Dec 31, 2023 |
| EBITDA (TTM): | $207.02M as of Dec 31, 2023 |
| Net annual income (TTM): | $100.53M as of Dec 31, 2023 |
| Free cash flow (TTM): | $140.56M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,391M as of Dec 31, 2023 |
| Shares outstanding: | 30,186,040 as of Mar 21, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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