Eagle Bancorp beats Q1 net income estimates

Eagle Bancorp

22/04/2026 21:32

Overview

US community bank's Q1 net income rose, beating analyst expectations

Company returned to profitability, aided by lower noninterest expense and reduced legal provisions

Company declared a $0.01 per share dividend for Q1

Outlook

Company says it is focused on expanding pre-provision net revenue during 2026

Eagle Bancorp aims to continue improving asset quality and diversifying funding sources

Company notes current profitability does not reflect its full earnings potential

Result Drivers

NONINTEREST EXPENSES - Q1 results benefited from a $14.7 mln decrease in noninterest expense, mainly due to lower loan disposition costs and the absence of a $10 mln legal provision from the prior quarter

CREDIT LOSS PROVISION - Provision for credit losses fell by $2.1 mln from the prior quarter, driven by a decrease in the qualitative office overlay as the CRE office portfolio decreased and improved in risk ratings

FUNDING MIX IMPROVEMENT - Net interest margin rose to 2.47% from 2.38% in the prior quarter, primarily due to improved funding mix as core deposit inflows and reduced brokered deposit usage lowered cost of funds

Company press release: ID:nGNX22GYmp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.48
Q1 Net Income
Beat
$14.72 mln
$10.006 mln (5 Analysts)
Q1 Net Interest Income
$63.69 mln
Q1 Dividend
$0.01
Q1 Net Interest Margin
2.47%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Eagle Bancorp Inc is $27.00, about 1.7% below its April 21 closing price of $27.46

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)