Declared Dividend • Apr 26
First quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 4th May 2026 Payment date: 15th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$0.48 (up from US$0.055 in 1Q 2025). Revenue: US$64.8m (up 35% from 1Q 2025). Net income: US$14.7m (up US$13.0m from 1Q 2025). Profit margin: 23% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 66%. Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings have declined by 58% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risk Revenue is less than US$5m (US$4.5m revenue). Announcement • Apr 08
Eagle Bancorp, Inc. to Report Q1, 2026 Results on Apr 22, 2026 Eagle Bancorp, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026 Announcement • Mar 25
Eagle Bancorp, Inc., Annual General Meeting, May 14, 2026 Eagle Bancorp, Inc., Annual General Meeting, May 14, 2026. Reported Earnings • Mar 10
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: US$4.55 loss per share (further deteriorated from US$1.56 loss in FY 2024). Net loss: US$138.1m (loss widened 194% from FY 2024). Net interest margin (NIM): 2.37% (no change from 2.37% in FY 2024). Cost-to-income ratio: 67.1% (down from 89.0% in FY 2024). Non-performing loans: 1.47% (down from 2.63% in FY 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Revenue is forecast to grow 74% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 24
Price target increased by 12% to US$27.63 Up from US$24.63, the current price target is an average from 4 analysts. New target price is 8.8% above last closing price of US$25.38. Stock is up 9.3% over the past year. The company is forecast to post a net loss per share of US$4.57 next year compared to a net loss per share of US$1.56 last year. Buy Or Sell Opportunity • Feb 23
Now 22% undervalued Over the last 90 days, the stock has risen 34% to US$25.02. The fair value is estimated to be US$32.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jan 27
Price target increased by 13% to US$24.63 Up from US$21.88, the current price target is an average from 4 analysts. New target price is 5.7% below last closing price of US$26.12. Stock is up 0.3% over the past year. The company is forecast to post a net loss per share of US$4.57 next year compared to a net loss per share of US$1.56 last year. Declared Dividend • Jan 25
Third quarter dividend of US$0.01 announced Shareholders will receive a dividend of US$0.01. Ex-date: 2nd February 2026 Payment date: 13th February 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Price Target Changed • Jan 22
Price target increased by 11% to US$22.88 Up from US$20.63, the current price target is an average from 4 analysts. New target price is 18% below last closing price of US$27.88. Stock is up 10% over the past year. The company is forecast to post a net loss per share of US$4.57 next year compared to a net loss per share of US$1.56 last year. Announcement • Jan 07
Eagle Bancorp, Inc. to Report Q4, 2025 Results on Jan 21, 2026 Eagle Bancorp, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026 Announcement • Nov 27
Eagle Bancorp, Inc. and EagleBank Announces Board Committee Appointments Eagle Bancorp, Inc. and EagleBank on November 24, 2025, upon the recommendation of the Governance and Nominating Committee of the Board, the Board appointed Ms. Kris Pederson to the Governance and Nominating Committee and the Compensation Committee and appointed Mr. Ted Wilm to the Audit Committee and the Risk Committee. Over the course of Ms. Pederson’s career, she has managed businesses, global strategies, and P&Ls at EY, IBM, and PricewaterhouseCoopers (PwC). She holds board positions with SOBR Safe as the Nomination and Governance Chair, the National Football League Alumni Association as Audit Chair, the National Association of Corporate Directors Colorado, and the NASDAQ Center for Board Governance. She also previously served on the Board of Great Western Bank on the Audit Committee and participated in the Bank’s Initial Public Offering, Windward Reports, and the Harvard Business School Alumni Board. Mr. Wilm enjoyed a 38-year career at PwC, serving many of the firm’s largest asset management and financial services clients. He also served as the office managing partner of PwC’s Irvine, California office and co-managed the firm’s Southwest operations. Mr. Wilm was the audit committee chair of California Bancorp, and its operating subsidiary, California Bank of Commerce, until their merger with the Bank of Southern California in July 2024. He also holds leadership positions with the Corporate Directors Roundtable and the Forum for Corporate Directors in Orange County, California. Price Target Changed • Oct 27
Price target decreased by 7.8% to US$20.56 Down from US$22.31, the current price target is an average from 4 analysts. New target price is 16% above last closing price of US$17.74. Stock is down 33% over the past year. The company is forecast to post a net loss per share of US$4.35 next year compared to a net loss per share of US$1.56 last year. Declared Dividend • Oct 27
Third quarter dividend reduced to US$0.01 Dividend of US$0.01 is 94% lower than last year. Ex-date: 3rd November 2025 Payment date: 14th November 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: US$2.22 loss per share (down from US$0.72 profit in 3Q 2024). Net loss: US$67.5m (down 410% from profit in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Oct 03
Eagle Bancorp, Inc. to Report Q3, 2025 Results on Oct 22, 2025 Eagle Bancorp, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 22, 2025 Price Target Changed • Oct 01
Price target increased by 7.2% to US$22.31 Up from US$20.81, the current price target is an average from 4 analysts. New target price is 10% above last closing price of US$20.20. Stock is down 12% over the past year. The company is forecast to post a net loss per share of US$2.66 next year compared to a net loss per share of US$1.56 last year. Announcement • Sep 09
Eagle Bancorp, Inc. Adds Two New Independent Members to Board of Directors, Effective September 8, 2025 Eagle Bancorp, Inc. announced the appointments of Kris Pederson and Ted Wilm as independent members of its Board of Directors (the “Board”) and to the Board of Directors of Eagle Bancorp, Inc., its holding company, effective September 8, 2025. They will both serve as at-large directors until committee assignments are determined later this fall. Following their appointments, the Board will consist of 10 directors, 9 of whom will be independent. Over the course of Ms. Pederson’s career, she has managed businesses, global strategies, and P&Ls at EY, IBM, and PricewaterhouseCoopers (PwC). She holds board positions with SOBR Safe as the Nomination and Governance Chair, the National Football League Alumni Association as Audit Chair, the National Association of Corporate Directors Colorado, and the NASDAQ Center for Board Governance. She also previously served on the Board of Great Western Bank on the Audit Committee and participated in the Bank’s Initial Public Offering, Windward Reports, and the Harvard Business School Alumni Board. Mr. Wilm enjoyed a 38-year career at PwC, serving many of the firm's largest asset management and financial services clients. He also served as the office managing partner of PwC's Irvine, California office and co-managed the firm's Southwest operations. Mr. Wilm was the audit committee chair of California Bancorp, and its operating subsidiary, California Bank of Commerce, until their merger with the Bank of Southern California in July 2024. He also holds leadership positions with the Corporate Directors Roundtable and the Forum for Corporate Directors in Orange County, California. Price Target Changed • Aug 05
Price target decreased by 7.8% to US$20.81 Down from US$22.56, the current price target is an average from 4 analysts. New target price is 27% above last closing price of US$16.38. Stock is down 14% over the past year. The company is forecast to post a net loss per share of US$2.66 next year compared to a net loss per share of US$1.56 last year. Major Estimate Revision • Aug 01
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$306.5m to US$278.9m. Now expected to report a loss of US$2.25 per share instead of US$1.91 per share profit previously forecast. Banks industry in the US expected to see average net income growth of 16% next year. Consensus price target down from US$22.25 to US$21.56. Share price was steady at US$15.96 over the past week. Upcoming Dividend • Aug 01
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 29 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.5%). Reported Earnings • Jul 24
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$2.30 loss per share (improved from US$2.78 loss in 2Q 2024). Net loss: US$69.8m (loss narrowed 17% from 2Q 2024). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Jul 10
Eagle Bancorp, Inc. to Report Q2, 2025 Results on Jul 23, 2025 Eagle Bancorp, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Recent Insider Transactions Derivative • Jun 13
Executive Vice President notifies of intention to sell stock Janice Williams intends to sell 94k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of June. If the sale is conducted around the recent share price of US$18.65, it would amount to US$1.8m. Since March 2025, Janice has owned 110.51k shares directly. Company insiders have collectively sold US$52k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • May 22
Price target decreased by 8.6% to US$23.00 Down from US$25.17, the current price target is an average from 4 analysts. New target price is 31% above last closing price of US$17.53. Stock is down 8.3% over the past year. The company is forecast to post earnings per share of US$1.91 next year compared to a net loss per share of US$1.56 last year. Upcoming Dividend • Apr 28
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 16 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: US$0.06 (up from US$0.011 loss in 1Q 2024). Revenue: US$47.9m (up 12% from 1Q 2024). Net income: US$1.68m (up US$2.01m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Apr 09
Eagle Bancorp, Inc. to Report Q1, 2025 Results on Apr 23, 2025 Eagle Bancorp, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025 Price Target Changed • Apr 04
Price target decreased by 9.0% to US$25.17 Down from US$27.67, the current price target is an average from 3 analysts. New target price is 30% above last closing price of US$19.40. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$2.60 next year compared to a net loss per share of US$1.56 last year. Price Target Changed • Mar 26
Price target decreased by 9.0% to US$26.83 Down from US$29.50, the current price target is an average from 3 analysts. New target price is 26% above last closing price of US$21.38. Stock is down 7.7% over the past year. The company is forecast to post earnings per share of US$2.60 next year compared to a net loss per share of US$1.56 last year. Announcement • Mar 01
Eagle Bancorp, Inc., Annual General Meeting, May 15, 2025 Eagle Bancorp, Inc., Annual General Meeting, May 15, 2025. Reported Earnings • Feb 28
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: US$1.56 loss per share (down from US$3.31 profit in FY 2023). Revenue: US$244.4m (down 13% from FY 2023). Net loss: US$47.0m (down 147% from profit in FY 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Eagle Bancorp, Inc. Announces Board and Management Changes On February 5, 2025, Norm Pozez, Executive Chair, notified the Board of Directors of Eagle Bancorp, Inc. that he will not stand for re-election as a director of the Company at the end of his term, which expires at the Company’s 2025 Annual Meeting of Shareholders. The decision of Mr. Pozez not to stand for re-election was not the result of any disagreement between the Company and Mr. Pozez on any matter relating to the Company’s operations, policies, or practices. The title of Chair of the Board of Directors succeeded to Ms. Susan Riel, a director and the current President and Chief Executive Officer of the Company, who has assumed the role of Chair, Chief Executive Officer and President. The Company also announced that Eric Newell, Executive Vice President, Chief Financial Officer of the Company, and Ryan Riel, Executive Vice President of the Company, were promoted to Senior Executive Vice President. The Company expects a further announcement in the near future regarding the new responsibilities of Messrs. Newell and Riel and the reporting structure applicable following these changes. Upcoming Dividend • Jan 31
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 07 February 2025. Payment date: 21 February 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.5%). Announcement • Jan 08
Eagle Bancorp, Inc. to Report Q4, 2024 Results on Jan 22, 2025 Eagle Bancorp, Inc. announced that they will report Q4, 2024 results on Jan 22, 2025 Price Target Changed • Dec 04
Price target increased by 16% to US$28.33 Up from US$24.33, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of US$29.48. Stock is up 15% over the past year. The company is forecast to post a net loss per share of US$1.55 compared to earnings per share of US$3.31 last year. Announcement • Oct 26
Eagle Bancorp, Inc. Announces Net Charge Offs for the Third Quarter Ended September 30, 2024 Eagle Bancorp, Inc. announced net charge offs for the third quarter ended September 30, 2024. For the quarter, the company reported Net charge-offs of $5,303,000 against $340,000 a year ago. Reported Earnings • Oct 24
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$0.72 (down from US$0.92 in 3Q 2023). Revenue: US$70.3m (down 2.7% from 3Q 2023). Net income: US$21.8m (down 20% from 3Q 2023). Profit margin: 31% (down from 38% in 3Q 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 64%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 22
Price target increased by 11% to US$24.33 Up from US$22.00, the current price target is an average from 3 analysts. New target price is 5.3% above last closing price of US$23.10. Stock is up 29% over the past year. The company is forecast to post a net loss per share of US$1.91 compared to earnings per share of US$3.31 last year. Declared Dividend • Oct 04
Second quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 21st October 2024 Payment date: 31st October 2024 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is expected to be well covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. Announcement • Aug 17
Eagle Bancorp, Inc. Announces Chief Credit Officer Changes Eagle Bancorp, Inc. announced Chief Credit Officer Janice “Jan” Williams will be retiring from EagleBank on June 30, 2025. Jan will work to assist in the transition of duties and responsibilities to Kevin Geoghegan who will be joining EagleBank on September 3, 2024, as Chief Credit Officer. Kevin’s most recent role was Chief Credit Officer at First Midwest Bank, which merged into Old National Bank in 2022. Previous roles include credit risk leadership positions at PNC Financial Services Group and National City Bank. Announcement • Aug 02
EagleBank Names Hetal Desai as Chief Risk Officer EagleBank announced it has hired Hetal Desai as Chief Risk Officer (CRO). Ms. Desai will support EagleBank’s continued role as a trusted partner for clients and customers and play a pivotal role in managing risk for the Bank as it enhances its lines of business. Ms. Desai joins EagleBank with global expertise in risk management across top tier multinational financial institutions and also serves as a founding member of Chief’s Boston Chapter, a private network built to drive women into positions of power and keep them there. Her expertise in risk identification and mitigation will ensure that EagleBank continues to remain well-positioned amidst current market conditions while also supporting the Bank’s continued growth. Announcement • Jul 31
Eagle Bancorp, Inc. Appoints Pete Mathews as Independent Member to the Board of Directors EagleBank announced the appointment of Pete Mathews as an independent member of its Board of Directors and to the Board of Directors of Eagle Bancorp, Inc., its holding company, effective July 26, 2024. Mathews will serve as a member of the Asset Quality Subcommittee of the Risk Committee of the Board, leveraging his four decades of experience servicing the Commercial Real Estate (CRE) industry. Following his appointment, the Board will consist of 10 directors, eight of whom will be independent. Mr. Mathews is a retired Senior Vice President at M&T Bank, where, over the course of his 43 years he served in several senior management roles, most recently overseeing the commercial and CRE credit officers. Pete Mathews is a former Senior Executive Vice President at M&T Bank. At the time of his retirement in 2022, he was the Senior Deputy Credit Officer overseeing the Commercial Credit teams supporting the bank’s Commercial Lending and Commercial Real Estate segments. Before that, he was the Deputy Credit Officer in charge of the Commercial Real Estate Credit group. He began his career over 45 years ago at First National Bank of Maryland in the Retail Branch Management Program. Thereafter he maintained various Relationship Manager and Team Leader roles within commercial and commercial real estate lending. At the time that First National Bank of Maryland (or Allfirst Bank, as it later came to be known) merged with M&T Bank in 2003, Mr. Mathews was in charge of the Commercial Real Estate Division. He ran the Mid-Atlantic CRE unit for M&T until becoming the bank’s Senior Real Estate Credit Officer in 2005. Mr. Matthews currently serves on the Board of Catholic Charities of Baltimore and chairs the Board of Healthy Neighborhoods, Inc. After over 20 years of service he will retire as Treasurer and former Board Governance Chair for Business Volunteers Maryland. Mr. Mathews obtained a Bachelor of Arts in American History from Princeton University. Reported Earnings • Jul 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$2.78 loss per share (down from US$0.94 profit in 2Q 2023). Revenue: US$67.1m (down 10% from 2Q 2023). Net loss: US$83.8m (down 392% from profit in 2Q 2023). Revenue missed analyst estimates by 8.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
Eagle Bancorp, Inc. Announces Net Charge Offs and Goodwill Impairment for the Second Quarter Ended June 30, 2024 Eagle Bancorp, Inc. announced net charge offs and Goodwill impairment for the second quarter ended June 30, 2024. For the quarter, the company reported Net charge-offs of $2,285,000 against $5,598,000 a year ago. Goodwill impairment was $104,168,000. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$21.16, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Banks industry in the US. Total loss to shareholders of 55% over the past three years. Announcement • Jul 11
Eagle Bancorp, Inc. to Report Q2, 2024 Results on Jul 24, 2024 Eagle Bancorp, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024 Declared Dividend • Jul 04
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 20th July 2024 Payment date: 31st July 2024 Dividend yield will be 9.7%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (71% payout ratio) and is expected to be covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 19
EagleBank Taps Dan Bostwick & Bob Wallace to Lead New Expatriate Banking Services Division Eagle Bancorp, Inc. announced it has onboarded Dan Bostwick and Bob Wallace to lead the Expatriate Banking Services division. This new division aims to meet a strong demand for these services and builds upon EagleBank's long-term growth strategy, including its recently launched consumer business expansion and digital banking platform. Dan Bostwick and Robert Wallace joined EagleBank with over 20 years of experience each in Expatriate Banking Services. In their roles, they focus on building and strengthening relationships with global corporations and relocation service providers. EagleBank's Expatriate Banking Services provides financial services to corporate transferees who are new to the United States and on a long-term assignment with a global company. Services include setting up foreign national with domestic bank accounts, access to credit, bill pay, and more. The Bank and this division, headed by Bostwick and Wallace, will work directly with institutions to set up transferees with the necessary financial accounts for a seamless transition. Announcement • Jun 18
Eaglebank Announces Executive Appointments EagleBank announced it has onboarded Dan Bostwick and Bob Wallace to lead the Expatriate Banking Services division. This new division aims to meet a strong demand for these services and builds upon EagleBank’s long-term growth strategy, including its recently launched consumer business expansion and digital banking platform. Dan Bostwick and Bob Wallace joined EagleBank with over 20 years of experience each in Expatriate Banking Services. In their roles, they focus on building and strengthening relationships with global corporations and relocation service providers. EagleBank’s Expatriate Banking Services provides financial services to corporate transferees who are new to the United States and on a long-term assignment with a global company. Services include setting up foreign nationals with domestic bank accounts, access to credit, bill pay, and more. The Bank and this division, headed by Bostwick and Wallace, will work directly with institutions to set up transferees with the necessary financial accounts for a seamless transition. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$17.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Banks industry in the US. Total loss to shareholders of 65% over the past three years. Major Estimate Revision • May 24
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$1.68 to US$1.46 per share. Revenue forecast steady at US$309.7m. Net income forecast to shrink 33% next year vs 2.0% growth forecast for Banks industry in the US . Consensus price target down from US$22.67 to US$21.50. Share price fell 10% to US$18.59 over the past week. Recent Insider Transactions • May 02
President recently bought US$99k worth of stock On the 30th of April, Susan Riel bought around 5k shares on-market at roughly US$18.73 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Susan has been a buyer over the last 12 months, purchasing a net total of US$130k worth in shares. Major Estimate Revision • May 01
Consensus EPS estimates fall by 30%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$298.9m to US$309.1m. EPS estimate fell from US$2.39 to US$1.68 per share. Net income forecast to shrink 25% next year vs 1.9% growth forecast for Banks industry in the US . Consensus price target down from US$25.67 to US$22.67. Share price fell 15% to US$18.97 over the past week. Price Target Changed • Apr 29
Price target decreased by 15% to US$22.67 Down from US$26.67, the current price target is an average from 3 analysts. New target price is 20% above last closing price of US$18.96. Stock is down 21% over the past year. The company is forecast to post earnings per share of US$1.68 for next year compared to US$3.31 last year. Reported Earnings • Apr 25
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.011 loss per share (down from US$0.78 profit in 1Q 2023). Revenue: US$42.7m (down 41% from 1Q 2023). Net loss: US$338.0k (down 101% from profit in 1Q 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Declared Dividend • Apr 03
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 17th April 2024 Payment date: 30th April 2024 Dividend yield will be 8.1%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (68% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 21% over the next 2 years. However, it would need to fall by 40% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 29
Eagle Bancorp, Inc. Announces Cash Dividend for the First Quarter of 2024, Payable on April 30, 2024 Eagle Bancorp, Inc. announced a cash dividend for the first quarter of 2024, in the amount of $0.45 per share. The cash dividend will be payable on April 30, 2024 to shareholders of record on April 18, 2024. Recent Insider Transactions • Mar 08
Executive Vice President recently sold US$506k worth of stock On the 5th of March, Lindsey Rheaume sold around 22k shares on-market at roughly US$22.98 per share. This transaction amounted to 71% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$317k more than they bought in the last 12 months. Reported Earnings • Mar 01
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: US$3.31 (down from US$4.40 in FY 2022). Revenue: US$280.8m (down 21% from FY 2022). Net income: US$100.5m (down 29% from FY 2022). Profit margin: 36% (down from 40% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jan 29
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$279.8m to US$315.6m. EPS estimate fell from US$2.68 to US$2.41. Net income forecast to shrink 33% next year vs 5.2% decline forecast for Banks industry in the US. Consensus price target broadly unchanged at US$26.58. Share price fell 2.1% to US$27.32 over the past week. Announcement • Jan 25
Eagle Bancorp, Inc. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2023 Eagle Bancorp, Inc. reported net charge-off for the fourth quarter ended December 31, 2023. For the quarter, the company reported net charge-off of $11,936,000 compared to $896,000 a year ago. Price Target Changed • Jan 10
Price target increased by 11% to US$26.25 Up from US$23.58, the current price target is an average from 3 analysts. New target price is 6.7% below last closing price of US$28.12. Stock is down 38% over the past year. The company is forecast to post earnings per share of US$3.29 for next year compared to US$4.40 last year. Announcement • Jan 05
Eagle Bancorp, Inc. to Report Q4, 2023 Results on Jan 24, 2024 Eagle Bancorp, Inc. announced that they will report Q4, 2023 results After-Market on Jan 24, 2024 Announcement • Dec 19
Eagle Bancorp, Inc. Announces Cash Dividend for the Fourth Quarter of 2023, Payable on January 31, 2024 Eagle Bancorp, Inc. announced a cash dividend for the fourth quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on January 31, 2024 to shareholders of record on January 11, 2024. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$23.19, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Banks industry in the US. Total loss to shareholders of 11% over the past three years. Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: US$0.91 (down from US$1.16 in 3Q 2022). Revenue: US$72.3m (down 15% from 3Q 2022). Net income: US$27.4m (down 27% from 3Q 2022). Profit margin: 38% (down from 44% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. 
