Press release
Eagle Bancorp, Inc. Announces Third Quarter 2025 Results and Cash Dividend
BETHESDA, Md., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle" or the "Company") (NASDAQ: EGBN), the Bethesda-based holding company for
About this update from Eagle Bancorp, Inc.
[{"type":"text","content":"BETHESDA, Md., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (\"Eagle\" or the \"Company\") (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2025. Eagle reported a net loss of $67.5 million or $2.22 per share for the third quarter 2025, compared to a net loss of $69.8 million or $2.30 per share for the second quarter. The $2.3 million improvement in the net loss from the prior quarter is primarily due to a $24.9 million decrease in provision expense, offset by a $22.5 million reduction in the tax benefit. In the quarter, net interest income increased $383 thousand, noninterest income decreased $3.9 million, and noninterest expenses decreased $1.6 million. Pre-provision net revenue (\"PPNR\")1 in the third quarter was $28.8 million compared to $30.7 million for the prior quarter. The decrease is primarily due to a $3.6 million loss on sale of loans in the third quarter. \"We continued to execute our strategy to resolve asset quality challenges within the loan portfolio,\" said Susan G. Riel, Chair, President, and Chief Executive Officer of the Company. \"The credit costs recognized this quarter reflect our commitment to managing credit risk with discipline and accountability. Following an independent review of our loan portfolio and expanded supplemental internal analysis, we took actions to reduce valuation risk in the office portfolio.\" Ms. Riel added, “The core franchise remains sound and resilient. Our capital, liquidity, and customer relationships continue to provide a strong foundation as we move through this cycle and toward a more normalized earnings environment.” Additionally, the Company is announcing today a cash dividend in the amount of $0.01 per share. The cash dividend will be payable on November 14, 2025 to shareholders of record on November 3, 2025. Third Quarter of 2025 Key Elements The Company announces today the declaration of a common stock dividend of $0.01 per share.Total C&I loans (including owner-occupied) increased $105 million and average C&I deposits increased $134 million, or 8.6% from the previous quarter.The ACL as a percentage of total loans was 2.14% at quarter-end; down from 2.38% at the prior quarter-end. Performing office coverage2 wa...