EAGLE BANCORP INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
EGBN$33.81+0.6%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets at June 30, 2024 and December 31, 2023 (unaudited)
Consolidated Balance Sheets (Unaudited)
(dollars in thousands, except share and per share data)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $10,803 | $9,047 |
| Federal funds sold | 5,802 | 3,740 |
| Interest-bearing deposits with banks and other short-term investments | 526,228 | 709,897 |
| Investment securities available-for-sale (amortized cost of $1,584,435 and $1,668,316, respectively, and allowance for credit losses of $17 and $17, respectively). | 1,420,618 | 1,506,388 |
| Investment securities held-to-maturity, net of allowance for credit losses of $2,012 and $1,956, respectively (fair value of $856,275 and $901,582, respectively) | 982,955 | 1,015,737 |
| Federal Reserve and Federal Home Loan Bank stock | 54,274 | 25,748 |
| Loans: | ||
| Loans held for sale, at lower of cost or fair value | 5,000 | — |
| Loans held for investment, at amortized cost | 8,001,739 | 7,968,695 |
| Less: allowance for credit losses | (106,301) | (85,940) |
| Loans held for investment, net of allowance | 7,895,438 | 7,882,755 |
| Total Loans | 7,900,438 | 7,882,755 |
| Premises and equipment, net | 8,788 | 10,189 |
| Right-of-use assets - operating leases | 16,250 | 19,129 |
| Deferred income taxes | 86,236 | 86,620 |
| Bank-owned life insurance | 114,333 | 112,921 |
| Goodwill and other intangible assets, net | 129 | 104,925 |
| Other real estate owned | 773 | 1,108 |
| Other assets | 174,396 | 176,334 |
| Total Assets | $11,302,023 | $11,664,538 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing demand | $1,693,955 | $2,279,081 |
| Interest-bearing transaction | 1,123,980 | 997,448 |
| Savings and money market | 3,165,314 | 3,314,043 |
| Time | 2,284,099 | 2,217,467 |
| Total deposits | 8,267,348 | 8,808,039 |
| Customer repurchase agreements | 39,220 | 30,587 |
| Borrowings | 1,659,979 | 1,369,918 |
| Operating lease liabilities | 20,016 | 23,238 |
| Reserve for unfunded commitments | 6,653 | 5,590 |
| Other liabilities | 139,348 | 152,883 |
| Total Liabilities | 10,132,564 | 10,390,255 |
| Shareholders' Equity | ||
| Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,180,482 and 29,925,612, respectively | 297 | 296 |
| Additional paid-in capital | 380,142 | 374,888 |
| Retained earnings | 949,863 | 1,061,456 |
| Accumulated other comprehensive loss | (160,843) | (162,357) |
| Total Shareholders' Equity | 1,169,459 | 1,274,283 |
| Total Liabilities and Shareholders' Equity | $11,302,023 | $11,664,538 |
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