Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Q3 2026 Earnings Presentation
31 slides from Eagle Bancorp's earnings presentation, Oct 21, 2026
Slide 1: Third Quarter 2026 Earnings Presentation
Third Quarter 2026 Earnings Presentation EagleBankCorp.com October 21, 2026 Scan for digital version
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward looking statements within the meaning of the Securities 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 reg
Slide 3: Attractive Washington DC Footprint
Attractive Washington DC Footprint 1 – Source: S&P Capital IQ Pro as of September 30, 2026 2 – Source: FDIC Deposit Market Share Reports - Summary of Deposits 3 Eagle is one of the largest community banks headquartered in the Washington DC metro area and ranked 4th by deposits2 in the DC MSA for ban
Slide 4: NIM Expands for Third Straight Quarter; Net Income Up $17.3 Million
Note: Data at or for the quarter ended September 30, 2026 1 – Please refer to the Non-GAAP reconciliation in the appendix. 2 – Includes cash, cash equivalents, and available borrowing capacity. 3 – Calculated based on annualized third quarter results. 4 NIM Expands for Third Straight Quarter; Net In
Slide 5: A Disciplined Three Phase Plan to Build a Premium Franchise
5 A Disciplined Three Phase Plan to Build a Premium Franchise Phase 1 Resolve & De-risk Address legacy credit issues with urgency and transparency Work problem assets relationship by relationship Reduce criticized, classified and nonperforming exposure Preserve capital and liquidity through the tran
Slide 6: Capital Builds 41 bps Quarter-over-Quarter to 14.99%
12.24% 11.04% 10.92% 10.83% 10.78% 10.16% 9.78% 9.69% 9.56% 9.15% 8.69% 8.63% 8.61% 8.08% 7.91% EGBN Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 A modest reduction in risk-weighted assets supports additional capital growth. Capital Builds 41
Slide 7: NIM Expansion Continues Amid Lower Net Interest Income
$68.2 $68.3 $63.7 $62.4 $61.3 2.43% 2.38% 2.47% 2.52% 2.60% 2.10% 2.60% 3.10% $- $20.0 $40.0 $60.0 $80.0 $100.0 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 (i n m ill io n s ) Net Interest Income NIM NIM Expansion Continues Amid Lower Net Interest Income Net interest income decreased $1.0 million quarter ove
Slide 8: Lower Provision Expense Drives Net Income to $24.2 Million
$18.6 Million Lower Provision Expense Drives Net Income to $24.2 Million Net interest income decreased by $1.0 million, primarily driven by continued loan payoffs resulting in a lower average interest-earning balance. Lower interest income was partially offset by lower interest expense due to a redu
Slide 9: 2026 & 2027 Outlook
Key Drivers 2026Q3 Actual 2026Q4 Outlook Growth vs 2026Q3 Actual2 FY2027 Outlook Balance Sheet1 Average deposits $8,577 $8,713 - $9,160 4.2% increase $8,546 - $9,470 Average loans $6,524 $6,681 - $7,023 5.0% increase $6,938 - $7,668 Average earning assets $9,367 $9,670 - $10,180 6.0% increase $9,634
Slide 10: Continued Reduction of High-Cost Brokered Deposits
17% 16% 17% 19% 19% 10% 11% 11% 12% 11% 39% 40% 38% 37% 35% 34% 33% 33% 32% 35% $9,464 $9,134 $8,591 $8,185 $8,034 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 (i n m ill io n s ) Period End Continued Reduction of High-Cost Brokered Deposits Time Savings & Money Market Interest Bearing Transaction Noninterest
Slide 11: Loan Payoffs Decelerate Toward Balance Sheet Stability
8% 8% 8% 8% 8% 39% 38% 35% 33% 31% 17% 18% 21% 23% 24% 21% 23% 24% 25% 25% 14% 11% 9% 8% 8% $7,305 $7,280 $6,939 $6,622 $6,563 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 (i n m ill io n s ) Period End 6.40% 6.39% 6.17% 6.14% 6.22% 2.07% 2.09% 2.13% 2.08% 2.23% 5.35% 5.21% 5.12% 5.11% 5.15% 2025Q3 2025Q4 202
Slide 12: Asset Quality Metrics
Asset Quality Metrics 1 – Excludes loans held for sale. 2 – Non-performing assets (“NPAs”) include loans 90 days past due and still accruing. Charts for Allowance for Credit Losses and NPAs are as of period end. Net Charge Offs (“NCO”) are annualized for periods of less than a year. 12 Provision for
Slide 13: Downgrades Decline 74% QoQ as HFS Inflows Fall to Zero
1 – Includes held for sale loans Trends • The $123.0 million year over year contraction in the held-for-sale (HFS) portfolio primarily reflects the successful resolution and removal of legacy problem assets. • While there were no inflows in the quarter, the Bank will continue to use the HFS channel
Slide 14: Criticized and Classified Balances at Two-Year Low
51.7% 45.2% 52.8% 61.8% 79.6% 65.7% 59.9% 58.1% 48.6% 55.9% 49.0% 57.9% 70.6% 89.8% 74.6% 67.4% 64.0% 53.5% 82.0% 69.0% 74.0% 74.0% 88.0% 86.0% 82.5% 83.4% 73.9% % Performing1 % of Tier 1 Capital2 % of Tier 1 Capital + ACL3 % of Loans4 9.5% 8.5% 9.9% 11.8% 15.0% 12.0% 11.4% 11.5% 9.9% Criticized and
Slide 15: Inc. Producing Office Portfolio Declines 46%
$976 $(206) $(82) $(165) $524 2023Q2 Charge-Offs Transferred to HFS Paydowns 2026Q3 (i n m ill io n s ) 15 Inc. Producing Office Portfolio Declines 46% Driven by Multi-faceted Approaches 1 1 – Period in-scope is 06/30/2023 – 09/30/2026 2 – LTV is a factor considered in loan underwriting and periodic
Slide 16: Multifamily Exposure Reduced 17% QoQ
$265.7 $53.7 $126.5 $66.3 $0.6 $2.3 $59.7 2026Q4 2027Q1 2027Q2 2027Q3 2027Q4 2028 2029+ (i n m ill io n s ) Note: Excludes loans held for sale 1 – LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on most recently appraised value, which do not necessar
Slide 17: Appendix
Appendix
Slide 18: Office Portfolio Detail
18 Office Portfolio Detail 1 – 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 assurance the Company would be able to realize the appraised
Slide 19: Increase in Non-accrual Balance Driven by a Single Multifamily Asset
Increase in Non-accrual Balance Driven by a Single Multifamily Asset • Period end non-accrual loans increased by $54.9 million from June 30, largely driven by a single multifamily loan which represented 76.0% of the inflow. • $14.8 million in paydowns and $4.0 million in charge-offs offset the inflo
Slide 20: Summary of Criticized and Classified Loans Above $10M
Summary of Criticized and Classified Loans Above $10M 1 – 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 assurance the Company would be abl
Slide 21: Top Loans Represent 24.3% of Total Loans
Top 25 Loans Represent 24.3% of Total Loans 1 – Mixed collateral commercial real estate 2 – 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
Slide 22: C&I Highlights: +20% YoY Loan Balances
$2,531 $2,556 $2,665 $2,643 $2,746 $3,049 $3,207 $3,290 $3,282 50% 0% 20% 40% 60% $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 (i n m ill io n s ) Commercial Owner Occupied RE % of Total Loans $1,494 $1,444 $1,444 $1,519 $1,726 $2,0
Slide 23: C&I Loans Remain Stable As CRE Balances Decline Further
1 – End of period balances C&I Loans Remain Stable As CRE Balances Decline Further C&I and CRE account for 97% of the Bank’s $6.6 billion in loans HFI at 09/30/2026. Performance through September 30, 2026, highlights a shifting mix, with C&I loans expanding $233.2 million YTD on the back of healthy
Slide 24: Strong Liquidity Profile Covers 195% of Uninsured Deposits
The long-term strategy for deposits is to increase core deposits and reduce reliance on wholesale funding. Digital deposit growth lifted period-end time deposits by $188.8 million, which was more than offset by declines in savings, money market, and interest-bearing transaction accounts, resulting i
Slide 25: Investment Portfolio: Continued Run-off with Optionality Ahead
Investment Portfolio: Continued Run-off with Optionality Ahead • Projected principal cash flow of $61 million for the remainder of 2026. • Total securities balance decreased by $30.0 million since June 30, 2026 driven by principal paydowns, maturities, called securities, and changes in market value.
Slide 26: Recent TBVPS Expansion Driven by Retained Earnings
$35.74 $38.97 $35.86 $39.08 $40.59 $37.26 $37.56 $37.73 $38.00 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2026Q1 2026Q2 2026Q3 Recent TBVPS Expansion Driven by Retained Earnings Note: Per share data is as of period end. Please refer to Non-GAAP reconciliation and footnotes in the appendices 1 – CAGR = 12/3
Slide 27: Loan Portfolio – Details
Loan Portfolio – Details 27 Note: Totals may not match detail due to adjustments for deferred fees & costs $ in millions Location C&I Owner Occupied CRE Income Producing CRE Owner Occupied Const. CRE Construction Land Residential Mortgage Consumer TOTAL % of Total Loans Washington DC $216.9 $297.6 $
Slide 28: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of September 30, 2026 28 $ in millions Single/1-4 Family & Res. Condo % of Total LoansLocation Hotel/Motel Industrial Mixed Use Multifamily Office Retail Other TOTAL Washington DC
Slide 29: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of September 30, 2026. 29 $ in millions % of Total LoansLocation Single & 1-4 Family Multifamily Office Hotel/Motel Mixed Use Retail Residential Condo Other TOTAL Washington DC $8.1 $
Slide 30: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) 30 $ in thousands, except per share data 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Tangible common equity Common shareholders' equity $1,123,476 $1,131,283 $1,145,277 $1,150,506 $1,158,401 Less: Intangible assets - - - - - Tangible common equity $1,123,476 $1,131,28
Slide 31: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) Tangible common equity, tangible common equity to tangible assets (the "tangible common equity ratio"), tangible book value per common share, average tangible common equity, and the annualized return on average tangible common equity are non-GAAP financial measure