Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Investor Presentation (March 2011)
44 slides from Eagle Bancorp's investor presentation, Mar 8, 2011
Slide 1: Eagle Bancorp March 2011
Ticker: EGBN www.eaglebankcorp.com March 2011
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: Company Overview
Company Overview
Slide 4: History of Growth
History of Growth
Slide 5: Company overview key data
Note: Data at December 31, 2010 unless otherwise noted. (1) This constitutes a non-GAAP financial measure. Please refer to the GAAP reconciliation in the appendices on Page 43 for a discussion on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.
Slide 6: EagleBank Locations
EagleBank Locations Tyson's Corner Montgomery County Prince George’s County Alexandria Arlington Fairfax County Loudoun County Washington, DC Reston
Slide 7: Financial Indicators - Regional Peer Analysis
Financial Indicators - Regional Peer Analysis Note: Regional peers includes publicly-traded commercial banks with Assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported at all reporting periods shown above. Sour
Slide 8: Financial Indicators - Local Peer Analysis
Financial Indicators - Local Peer Analysis Note: Bank level data for local peers in the Washington D.C. metro area: Access National Bank, Alliance Bank Corp., Cardinal Bank, Community Bank of Tri-County, Frederick County Bank, Sandy Spring Bank and Virginia Commerce Bank. Source: SNL Financial
Slide 9: Consistent Balance Sheet Growth
Consistent Balance Sheet Growth (1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported total assets at all reporting periods shown above. Source:
Slide 10: Consistent Net Income Growth
Consistent Net Income Growth (1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported net income or loss for all reporting periods shown above. Sou
Slide 11: Pre-Tax, Pre-Provision Income
Pre-Tax, Pre-Provision Income (1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported pre-tax pre-provision net revenues for all reporting periods
Slide 12: Washington, D.C. Metro Area deposit market share
Washington, D.C. Metro Area: MD- Montgomery and Prince George's; DC - Washington DC; VA - Arlington, Alexandria, Fairfax, Fairfax (City), Falls Church, Loudon, Prince William, Manassas, Manassas Park Note: Shaded companies in grey denote those companies headquartered outside of Washington, D.C. Metr
Slide 13: Loan Portfolio Composition
Loan Portfolio Composition Loan Portfolio by Type Loan Portfolio by Location Note: At December 31, 2010 Total Gross Loans: $1.7 Billion
Slide 14: Geographic Detail of Loan Portfolio
Geographic Detail of Loan Portfolio Note: At December 31, 2010
Slide 15: Diversified Commercial Real Estate Portfolio
Diversified Commercial Real Estate Portfolio Construction Loans by Type Investment CRE by Type
Slide 16: Credit Quality Trends
Credit Quality Trends 30-89 Days Past Due S 19,740 S 7,762 $ 11,499 S$ 18,849 $ 29,336 $ 31,259 $ 28,125 $ 31,495 Nonperforming Assets: {90 or More Days Past Due S$ 99S - S - S - S$ + S$ + S + $8 - Nonacerval 35,585 30,993 22,775 22,024 20,977 24,026 23,372 23,998 Restructured Loans - : : - - 1,297
Slide 17: Deposit composition
(Bellas Vues in Showsands ) Deposit Type ot %of Hof Balance Total Baknee Total Balance Total Noninterest Bearing $307,959 ~ 21.1% S$ 380,167 23.1% $§ 400291 23.2% Interest Bearing Transaction 59,720 4.1% 722 3.8% 61771 3.6% Savings & Money Market 582,854 39.9% 693,381 42.1% BION 42.6% Core CD's 4418
Slide 18: Superior Relationships/Net Interest Margin
Superior Relationships/Net Interest Margin Note: Regional peers includes publicly-traded commercial banks with Assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported net interest margin for all periods shown abo
Slide 19: Capital ratios
Total Assets S$ 1,496,827 S$ 1,682,773 $ 1,805,504 $1,832,991 $1,937,265 S$ 2,006,146 S$ 2,089,370 ‘Total Capital S$ 142,371 S$ 201,516 S 188,321 $ 192,465 S$ 196,743 S$ 202,301 S 204,716 Tier 1 Leverage Ratio 9.22% 11.68% 10.29% 10.00% 984% 9.66% 9.32% Tier 1 Risk Based Capital Ratio 9.78% 13.65% 1
Slide 20: Market Information - Washington, DC
Market Information -Washington, DC Metropolitan Statistical Area
Slide 21: Largest US Markets, Job Change Dec '09 - Dec '10
Largest US Markets, Job Change Dec‘09 - Dec‘10 (000s) Source: BLS Benchmark, GMU Center for Regional Analysis Washington, DC 57,500
Slide 22: Unemployment Rate - Largest US Markets
Unemployment Rate- Largest US Markets January 2011 6.0 Source: BLS, NOT Seasonally Adjusted
Slide 23: Greater Washington Economy - 2010
Greater Washington Economy - 2010 Note: Other includes Health/Education, Media Source: George Mason University, Center for Regional Analysis
Slide 24: Average Sales Price Percent Change Washington MSA
Average Sales Price Percent Change Washington MSA All Housing Types % Source: MRIS, GMU Center for Regional Analysis Annual Change Annual Change by Month 2007 2008 2009 2010
Slide 25: Current Inventory
Current Inventory = 866 Units Source: The Mayhood Co, December, 2010
Slide 26: Looking Ahead
Looking Ahead
Slide 27: Why Invest in EGBN?
Why Invest in EGBN?
Slide 28: EGBN Stock Price Performance
EGBN Stock Price Performance Source : SNL Financial Price Change (%) -15.00 -10.00 -5.00 0.00 5.00 10.00 15.00 20.00 25.00 30.00 EGBN S&P 500 NASDAQ Bank
Slide 29: Appendices
Appendices
Slide 30: Loan portfolio by type
(Din Yas Teas) “utenti atm stents — ct Loan Type Balance _ % of Total Balance _ % of Total Balance _% of Total % Commercial and Industrial $346,692 24.8% © $388,401 254% = S ANIT4d 24.6% 188% Commercial Real Estate: Owner Occupied 196.433, 14.0% 210,053 13.1% 223,986 13.4% 14.0% Investment 499,501 3
Slide 31: Loan Portfolio by Risk Rating
Loan Portfolio by Risk Rating
Slide 32: Geographic Detail of NPA's
Geographic Detail of NPA’s Note: At December 31, 2010
Slide 33: Securities portfolio
US Treasury Securities s : s : so so. 0.00% US Government Ageney Securities 67288 1283 13 68,398, 29.96% Mortgage Buicked Secunies -GSES 107425 203 409 108309 4783% ‘Municipal Bonds 49.459 658 9 49.368 200% Other Equity Investments 445, " a a 020% “Total Securities s_aisi7 sam ES Sars, Too00% US Tre
Slide 34: Proven Acquisition Capabilities
Proven Acquisition Capabilities
Slide 35: Fidelity & Trust Acquisition
Fidelity & Trust Acquisition
Slide 36: Experienced Senior Management Team
| Experienced Senior Management Team Years Years in with Name Title/Funetion Banking _EGBN Ronald D. Paul Chairman, President & CEO 23 13 Robert P. Pincus Vice Chairman 38 3 Michael T. Flynn EVP & COO - Eagk Bancorp 40 7 Susan G. Riel Sr. EVP & COO - FagkBank 35 13 Thomas D. Murphy President - Retai
Slide 37: Experienced Management Team
Experienced Management Team
Slide 38: Experienced Management Team
Experienced Management Team
Slide 39: Experienced Management Team
Experienced Management Team
Slide 40: Balance Sheet Analysis
(Detiae Uatues ie Shouse) Real Fatate Owned otal Servicing Rights equity Balance Sheet Analysis 0) otal Gross Loma! Total Assets Loans! Deponite Annualized Growth Rates (20) ssaas2 s20m37 sii7en7 ssn 13% 60.0%) 91.140 199.07 2asoas 337.576 2a G39) TIE Toray Tose —Sea31 295,600 Be TRY eso near 139931
Slide 41: Historical Quarterly Balance Sheet
| Historical Quarterly Balance Sheet (Delian Vatu a Shura) ‘Cash and Equivalents Gross Loans HF ‘Unans eld for Sale “Total Intangibles “Total Servicing Rights Other Arse Deposits FHLB Borrowings Repurchase Aveements Other Libiies “Total Lisbiltios Equity Preferred Equity “Total Equity Loans Deposits
Slide 42: Historical Income Statement
Historical Income Statement @ollar Values in Thousands, except per share data) 1 Year Growth 2006 2007 2008 2009 2010 Rate ‘Total Interest Income S 50318 $ 57,077 $ 65.657 $84,338 $96,658 14.6% Total Interest Expense 17,880 23,729 23,676 24,809 19,832 _ (20.1%) Net Interest Income 32,438 33,48 41,98
Slide 43: Historical Quarterly Income Statement
| Historical (Dollar Values n Thousand, except per share data) Total Interest Income ‘Total Interest Expense [Net Interest Income Loan Loss Provision Service Charges on Deposits Gaia/Loss on Sale of Loans Gain/Loss on Sale of Securities BOLI Revenue ‘Other Noninterest Income ‘Total Noninterest Incom
Slide 44: GAAP Reconciliation
GAAP Reconciliation December31, September30, December31, March 31, June 30, September 30, December 31, (Gottars in thousands except per share data) 2008 2009 2009 2010 2010 2010 2010 ‘Common stockholders’ equity S 105259 $ 164975 S 165,709 $170,016 S$ 174250 S 179,764 SSR, Less: Intangible assets 2.