Slide 1: 4th Quarter 2025 Earnings Presentation
4th Quarter 2025 Earnings Presentation January 21, 2026 Scan for digital version EagleBankCorp.com
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and
Slide 3: Attractive Washington DC Footprint
Attractive Washington DC Footprint One-of-a-kind Market The Washington DC metro area represents a robust and diverse economy, supported by a dynamic mix of public and private sector activity. The region’s foundation includes globally recognized educational institutions, a thriving private sector wit
Slide 4: Eagle at a Glance
Eagle at a Glance Tangible Total Assets Total Loans Total Deposits Common Equity $ 10.5 7.3 9.1 1.1 $ $ $ billion billion billion billion 1 Shares Outstanding Market Capitalization Tangible Book Value (at close December 31, 2025) (at close January 20, 2026) per Common Share 30,359,632 $683 million $
Slide 5: Core Strengths Supporting Long-Term Performance
Core Strengths Supporting Long-Term Performance • Best-in-Class Capital Levels o CET1 Ratio = 13.83% Top third of all bank holding companies with $10 billion in assets or more. o TCE / TA¹ = 10.87% o ACL / Gross Loans = 2.19% and ACL / Performing Office Loans = 12.89% • Long-term Strategy to Improve
Slide 6: Strategic Initiatives to Enhance Profitability
Strategic Initiatives to Enhance Profitability Relationships FIRST Optimize Strengthen Capitalize on & Diversify Deposits & Invest in our Market Loans and Funding Innovation Positioning Securities Profile Operational Excellence Optimize & Diversify Loans and Securities - Expand and rebalance the loa
Slide 7: Eagle – Capital Levels vs. Peers
Eagle – Capital Levels vs. Peers Strong Capital • Capital ratios are high relative to peers • Excess CET1 (9%) plus reserves provides a superior level of coverage when measured against our peers CET1 Ratio Excess CET1 + ACL / Tangible Common Equity Total Loans / Tangible Assets1 Peer 1 16.33% Peer 2
Slide 8: Performance Measures
Performance Measures Return on Average Tangible Common Return on Average Assets Equity1 0.48% 0.25% 4.94% 0.06% -2.33% -2.31% 2.63% 0.55% -22.35% -22.66% 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 Efficiency Ratio Tangible Common Equity/Tangible Assets1 61.50% 63.72% 59.50
Slide 9: Net Interest Income
Net Interest Income Net Interest Income & Margin $100.0 2.90% NII and NIM Increase $80.0 $70.8 $67.8 $68.2 $68.3 $65.6 Net Interest Income 2.70% $60.0 (in millions) 2.43% 2.50% • Net interest income increased $0.1 million quarter $40.0 2.37% 2.38% 2.29% 2.28% over quarter. $20.0 2.30% • Interest inc
Slide 10: Net Income Drivers
Net Income Drivers Net Income – Summary Net interest income Net interest income increased by $0.1 million, primarily driven by lower funding costs on brokered time deposits which outpaced lower interest income on loans. Drivers of Net Income Change Provision for Credit Losses (“PCL”) Provision for c
Slide 11: 2025 & 2026 Outlook
2025 & 2026 Outlook Key Drivers 4Q 2025 Actual Prior 2026 Outlook1 Current 2026 Outlook2 Balance Sheet Average deposits $8,670 million 1-4% decrease3 4-7% decrease3 Average loans 7,338 million 1-3% decrease 4-6% decrease Average earning assets 11,389 million 5-7% decrease 6-9% decrease Income Statem
Slide 12: Deposit Mix and Trend
Deposit Mix and Trend Total Period End Deposits Flat YoY $9,131 $9,277 $9,120 $9,464 $9,134 30% 34% 34% 33% CDs 38% ($ in millions) 39% 38% 39% 40% 36% Savings & Money Market 14% 10% 10% 10% 11% Interest Bearing Transaction 17% 17% 17% 17% 16% Noninterest Bearing 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025
Slide 13: Funding & Liquidity
Funding & Liquidity Robust Liquidity Coverage of Uninsured Deposits Funding & Liquidity Summary $4,708 Deposits Average deposits decreased $62.9 million for $2,372 the quarter, attributable to lower balances in time deposit accounts. The long-term strategy for deposits is to increase core deposits a
Slide 14: Loan Mix and Trend
Loan Mix and Trend Home Equity Other Consumer Construction C&I $7,934 $7,943 $7,722 (owner-occupied) $7,305 $7,280 15% 15% 16% Construction – 14% 11% comm& residential. 18% 16% Owner-Occupied CRE 18% 23% 39% (in millions) 15% 15% 16% Commercial 17% 18% 40% Income producing CRE 39% 38% 39% 38% (exclu
Slide 15: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses/ Loans HFI 2.38% 2.14% 2.19% $138,159 (in thousands) $113,215 1.63% 1.44% $26,255 $12,132 $15,468 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 NCO / Average Loans1 NPAs 1,2 / Assets 7.36% 2.16% 1.9
Slide 16: Loan Type and Classification
Loan Type and Classification Classified and Criticized Loans Quarter-over-Quarter Change 69% 74% 74% 88% 86% % performing Special Mention 13.14% • C&I reduction of $22.7 million 11.34% 10.59% • CRE reduction of $132.1 million 9.76% 8.46% $960 $875 Substandard $775 $783 • C&I increase of $1 million (
Slide 17: Office Loan Portfolio Detail
Office Loan Portfolio Detail Inc Producing Office Holdings Declined $286.9 million Year-over-Year Excess CET1+ACL/ Inc Producing Office Loans Peer 1 240% Peer 2 183% Peer 3 118% Peer 4 113% Peer 5 107% EGBN 103% 1 - Class Type is determined based on the latest appraisal designation. Peer 6 99% Mix a
Slide 18: Office Loan Portfolio: Income Producing Detail
Office Loan Portfolio: Income Producing Detail Commentary • Performing Office ACL coverage = 12.89% • No exposure to Class B central business district office CRE Office - Maturity Schedule $271 $146 $74 $36 $34 $17 $54 $22 $13 $12 $2 $- 2026 Q1 2026 Q2 2026 Q3 2026 Q4 2027 2028+ Appraisal after 12/3
Slide 19: Inc Producing Office Credit Risk Reduction
Inc Producing Office Credit Risk Identification and Reduction Income-Producing Office Portfolio Reduction Drivers $976 $(188) $(82) (in milions) $577 $(129) $73 in Reserves 6/30/2023 Charge-Offs Transferred to Held for Sale Paydowns 12/31/2025 • Cycle to date charge offs, transfers to held for sale,
Slide 20: Multifamily Loan Portfolio
Multifamily Loan Portfolio: Income Producing Detail Inc Producing Multi-Family - Maturity Schedule (in millions) $234.3 $242.1 $184.0 $150.2 $110.3 $3.8 Q1 2026 Q2 2026 Q3 2026 Q4 2026 2027 2028+ 1 – LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on
Slide 21: Appendix
Appendix
Slide 22: Total CRE Office Loan Portfolio
Total CRE Office Loan Portfolio (Excludes OOCRE & OO Construction) Trend in Balance and % of CET1 Capital $1,200 100% $976 $950 $955 $1,000 $899 $889 $865 $864 $849 80% $821 $800 (in millions) $602 $577 60% $600 46.5% 40% $400 $200 20% $0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2023 2023 2024 2024
Slide 23: Nonaccrual Loans
Nonaccrual Loans Drivers of Non-Accrual Loans Change $26,120 $118,647 $(436) $106,897 $(31,161) $(6,273) (in thousands) 9/30/25 Non-Accrual Loans Return to Accruing Inflows Paydowns Charge-Offs 12/31/25 Non-Accrual Loans Credit Resolution Highlights • Non-accrual loans decreased by $11.8 million dur
Slide 24: Summary of Nonaccrual Loans above $5M
Summary of Nonaccrual Loans above $5M Note: Data as of December 31, 2025 and excludes loans held for sale. 24
Slide 25: Summary of Classified and Criticized Loans
Summary of Classified and Criticized Loans above $10M 1 - Loan collateral is a project that is either recently completed and in lease up, not yet stabilized, under development, or in process of conversion 2 - LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are
Slide 26: Top 25 Loans
Top 25 Loans 1 – Mixed collateral commercial real estate 2 – Construction in process 3 - LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on most recently appraised value, which do not necessarily reflect current market conditions. There can be no ass
Slide 27: Investment Portfolio
Investment Portfolio Agency CMBS Investment Portfolio Strategy 11% • Portfolio positioned to manage liquidity and Municipal pledging needs. 9% • Cash flow projected principal only (rates unchanged): Agency Corporate o 2026 - $253 million MBS 9% 45% US • Total securities down $124 million from Treasu
Slide 28: Tangible Book Value Per Share
Tangible Book Value Per Share $0.64 $37.59 $0.25 $- $(0.29) $37.00 $(0.01) 9/30/25 TBVPS Net Income Dividend Intangibles Stock Based AOCI 12/31/2025 TBVPS Comp/ESPP $40.59 $40.99 $38.97 $39.08 $39.03 $37.00 $37.59 $35.74 $35.86 2020Y 2021Y 2022Y 2023Y 2024Y 2025 Q1 2025 Q2 2025 Q3 2025 Q4 TBVPS Per
Slide 29: Loan Portfolio - Details
Loan Portfolio - Details Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of December 31, 2025. 29
Slide 30: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of December 31, 2025. 30
Slide 31: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of December 31, 2025. 31
Slide 32: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) 32
Slide 33: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) 33
Slide 34: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) Tangible common equity to tangible assets (the "tangible common equity ratio"), tangible book value per common share, tangible book value per common share excluding accumulated other comprehensive income (“AOCI”), and the return on average tangible common equity a