{"id":953858,"date":"2026-04-22T16:41:33","date_gmt":"2026-04-22T20:41:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bancorp-inc-announces-first-quarter-2026-results-and-cash-dividend\/"},"modified":"2026-04-22T16:41:33","modified_gmt":"2026-04-22T20:41:33","slug":"eagle-bancorp-inc-announces-first-quarter-2026-results-and-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eagle-bancorp-inc-announces-first-quarter-2026-results-and-cash-dividend\/","title":{"rendered":"Eagle Bancorp, Inc. Announces First Quarter 2026 Results and Cash Dividend"},"content":{"rendered":"
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BETHESDA, Md., April 22, 2026 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (“Eagle” or the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the first quarter ended March 31, 2026.<\/p>\n

Eagle reported a net income of $14.7 million or $0.48 per share for the first quarter 2026, compared to a net loss of $2.4 million or $(0.08) per share for the fourth quarter of 2025. The $17.1 million improvement from the prior quarter is primarily due to a $14.7 million decrease in noninterest expense related to lower loan disposition expenses, a $10 million legal provision that did not reoccur in the first quarter, and a $2.1 million lower provision for credit losses. This benefit from a decline in noninterest expense and a lower provision was partially offset by a $4.6 million reduction in net interest income and a $3.9 million increase in the tax expense.<\/p>\n

Pre-provision net revenue (“PPNR”)1<\/sup> also improved in the first quarter to $27.7 million compared to $10.7 million for the prior quarter reflecting the noninterest expense and net interest income factors discussed above.<\/p>\n

“We are pleased to begin the year with meaningful progress against our near-term strategic priorities, including asset quality improvement, capital accretion through earnings, and continued diversification of our balance sheet across both assets and funding sources.” said Susan G. Riel, President, and Chief Executive Officer of the Company.<\/p>\n

“Our first quarter results reflect the resiliency of our franchise and the deliberate work underway to reposition it. We delivered strong C&I growth, returned to profitability, expanded net interest margin, and meaningfully reduced our reliance on wholesale funding. Our CRE concentration declined below 300%, and criticized and classified balances continued their downward trajectory. At the same time, we recognize that our current level of profitability does not yet reflect the earnings power of this franchise, and we are focused on executing against a clear plan to expand pre-provision net revenue over the course of 2026.” Ms. Riel added.<\/p>\n

Additionally, the Company is announcing today a cash dividend in the amount of $0.01 per share. The cash dividend will be payable on May\u00a015, 2026 to shareholders of record on May\u00a04, 2026.<\/p>\n

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\n 1<\/sup> A reconciliation of non-GAAP financial measures and the nearest GAAP measures is provided in the GAAP\u00a0Reconciliation to Non-GAAP Financial Measures tables that accompany this document.<\/p>\n

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