Eagle Bancorp Q3 net income more than double on credit loss provision

Eagle Bancorp

21/10/2026 21:26

Overview
US community bank's Q3 net income more than doubled, beating analyst expectations
Net interest income and noninterest income declined, while noninterest expense increased from prior quarter
Net interest margin improved to 2.60% from 2.52% in prior quarter

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
CREDIT LOSS PROVISION - Lower provision for credit losses drove the increase in net income, as reserves reflected efforts to resolve problem loan assets
NONINTEREST INCOME - Noninterest income declined mainly due to absence of loan sale gains, partially offset by higher swap fee income
NONINTEREST EXPENSE - Noninterest expense rose due to higher salaries and employee benefits, including non-recurring stock awards and incentives, and increased headcount

Company press release: ID:nGNX2WY9HG

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
Beat
$24.25 mln
$11.80 mln (6 Analysts)
Q3 Net Interest Income
 
$61.31 mln
 
Q3 Dividend
 
$0.01
 
Q3 Net Interest Margin
 
2.60%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $31.50, about 10.3% above its October 20 closing price of $28.56
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Oct 21 - First Bancorp North Carolina Q3 net income more than doubles
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin

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.)