EAGLE BANCORP INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
EGBN$33.81+0.6%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets at September 30, 2024 and December 31, 2023 (unaudited)
Consolidated Balance Sheets (Unaudited)
(dollars in thousands, except share and per share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $16,383 | $9,047 |
| Federal funds sold | 9,610 | 3,740 |
| Interest-bearing deposits with banks and other short-term investments | 584,491 | 709,897 |
| Investment securities available-for-sale (amortized cost of $1,550,038 and $1,668,316, respectively, and allowance for credit losses of $17 and $17, respectively). | 1,433,006 | 1,506,388 |
| Investment securities held-to-maturity, net of allowance for credit losses of $1,237 and $1,956, respectively (fair value of $868,425 and $901,582, respectively) | 961,925 | 1,015,737 |
| Federal Reserve and Federal Home Loan Bank stock | 37,728 | 25,748 |
| Loans held for investment, at amortized cost | 7,970,269 | 7,968,695 |
| Less: allowance for credit losses | (111,867) | (85,940) |
| Loans held for investment, net of allowance | 7,858,402 | 7,882,755 |
| Premises and equipment, net | 8,291 | 10,189 |
| Right-of-use assets - operating leases | 15,167 | 19,129 |
| Deferred income taxes | 74,381 | 86,620 |
| Bank-owned life insurance | 115,064 | 112,921 |
| Goodwill and other intangible assets, net | 21 | 104,925 |
| Other real estate owned | 2,743 | 1,108 |
| Other assets | 167,840 | 176,334 |
| Total Assets | $11,285,052 | $11,664,538 |
| Liabilities and Shareholders' Equity | ||
| Liabilities | ||
| Deposits: | ||
| Noninterest-bearing demand | $1,609,823 | $2,279,081 |
| Interest-bearing transaction | 903,300 | 997,448 |
| Savings and money market | 3,316,819 | 3,314,043 |
| Time | 2,710,908 | 2,217,467 |
| Total deposits | 8,540,850 | 8,808,039 |
| Customer repurchase agreements | 32,040 | 30,587 |
| Other short-term borrowings | 1,240,000 | 1,369,918 |
| Long-term borrowings | 75,812 | — |
| Operating lease liabilities | 18,755 | 23,238 |
| Reserve for unfunded commitments | 5,060 | 5,590 |
| Other liabilities | 147,111 | 152,883 |
| Total Liabilities | 10,059,628 | 10,390,255 |
| Shareholders' Equity | ||
| Common stock, par value $0.01 per share; shares authorized 100,000,000, shares issued and outstanding 30,173,200 and 29,925,612, respectively | 298 | 296 |
| Additional paid-in capital | 382,284 | 374,888 |
| Retained earnings | 967,019 | 1,061,456 |
| Accumulated other comprehensive loss | (124,177) | (162,357) |
| Total Shareholders' Equity | 1,225,424 | 1,274,283 |
| Total Liabilities and Shareholders' Equity | $11,285,052 | $11,664,538 |
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