Eagle Bancorp Q2 net income falls on higher credit loss provision

Eagle Bancorp

22/07/2026 21:36

    

    Overview
  
US community bank's Q2 net income fell and missed analyst expectations
Net interest income and noninterest income declined from prior quarter
Company declared a $0.01 per share quarterly dividend

    

    Outlook
  
Company did not provide specific guidance for the current qtr or full yr

    

    Result Drivers
  
CREDIT LOSS PROVISION - Higher provision for credit losses, mainly from problem asset resolution, weighed on earnings
FUNDING MIX - Net interest margin expanded as lower-cost funding reduced reliance on brokered deposits, per CFO Eric Newell
EXPENSE REDUCTION - Noninterest expense decreased, mainly due to lower FDIC insurance expense and reduced loan disposition costs

    
Company press release: ID:nGNX9WKsfY

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Net Income
Miss
$6.92 mln
$10.67 mln (5 Analysts)
Q2 Net Interest Income
 
$62.35 mln
 
Q2 Dividend
 
$0.01
 
Q2 Net Interest Margin
 
2.52%
 

    

    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 $30.00, about 10.1% above its July 21 closing price of $27.26
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

    

    Reuters Recommended Reads
  
July 21 - Metropolitan Bank Q2 EPS falls on credit loss provision and one-time expenses
July 21 - FFB Bancorp's Q2 net income falls on interest margin pressure
July 21 - FS Bancorp Q2 net income edges up; deposits fall as brokered deposits decrease

    
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(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.)