Slide 1: 2nd Quarter 2026 Earnings Presentation
2nd Quarter 2026 Earnings Presentation July 22, 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 $ 9.7 6.6 8.2 1.2 $ $ $ billion billion billion billion 1 Shares Outstanding Market Capitalization Tangible Book Value (at close June 30, 2026) (at close July 21, 2026) per Common Share 30,490,409 $831 million $ 37.73 2
Slide 5: Core Strengths to Support Long Term Performance
Core Strengths to Support Long Term Performance Best in Class Capital Levels Strong Liquidity and Funding Position • CET1 Ratio = 14.58% • Liquidity risk management is central to our strategy. – 87th percentile1 compared to bank holding – $4.2 billion in combined on-balance sheet companies with $10
Slide 6: Strategic Initiatives to Enhance Profitability
Strategic Initiatives to Enhance Profitability Relationships FIRST Optimize Strengthen Capitalize on & Diversify Invest in Deposits & our Market Loans and Innovation Funding Profile Positioning Securities Operational Excellence • Optimize & Diversify Loans and Securities - Expand and rebalance the l
Slide 7: Strategic De-Risking Produces Strong Capital Cushions Versus Peers
Strategic De-Risking Produces Strong Capital Cushions Versus Peers A 4.98% reduction in RWA quarter over quarter driven by CRE payoffs deliberately maximizes our loss- absorption buffers while we intentionally run-off high-cost non-core deposits. Excess CET1 + ACL / Total Tangible Common Equity / CE
Slide 8: Performance Measures
Performance Measures Return on Average Tangible Common Equity1 Return on Average Assets 5.20% 0.54% 2.41% 0.26% -0.85% -0.08% -2.33% -2.31% -22.35% -22.66% 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 Efficiency Ratio Tangible Common Equity / Tangible Assets1 86.80% 11.91% 1
Slide 9: NIM Expansion Continues Amid Lower Net Interest Income
NIM Expansion Continues Amid Lower Net Interest Income Net Interest Income & Margin $75.0 $67.8 $68.2 $68.3 $63.7 $62.4 Net Interest Income 2.90% $55.0 Net interest income decreased $1.3 million quarter 2.52% 2.70% over quarter driven by declining average interest- (in millions) 2.43% 2.47% $35.0 2.
Slide 10: Heightened Provision Expense Suppresses Net Income
Heightened Provision Expense Suppresses Net Income Drivers of Net Income Change Net Interest Income Net interest income decreased by $1.3 million, primarily driven by accelerated loan payoffs resulting in a lower average interest-earning balance. Lower $14,718 interest income was offset by lower int
Slide 11: 2026 Outlook
2026 Outlook Implied 2025 Full 1Q 2026 Current 2026 2Q 2026 2026 Full Key Drivers Year Actual Growth Growth Actual & Notes Year (Basis) Assumption1 Assumption1 Tracking Range Balance Sheet2, 3 Average deposits $10,590 4-7% decrease3 10-13% $9,213 - $9,085 decrease $9,531 Below Range Average loans $7
Slide 12: Continued Reduction of High-Cost Brokered Deposits
Continued Reduction of High-Cost Brokered Deposits Total Period End Brokered Deposits Decreased $843.1 million Year-over-Year $9,464 $9,120 $9,134 $8,591 $8,185 34% 33% 38% 33% 32% CDs (in millions) 39% 40% 38% Savings & Money 36% 37% Market 9% 10% 11% 11% 12% Interest Bearing Transaction 17% 17% 16
Slide 13: Strong Liquidity Profile Covers Uninsured Deposits by More Than 183%
Strong Liquidity Profile Covers Uninsured Deposits by More Than 183% Robust Liquidity Coverage of Uninsured Deposits Funding & Liquidity Summary $4,157 Deposits A combined $493.7 million reduction in average savings, money market, and time $2,271 deposits drove most of this quarter's $566.9 million
Slide 14: Income Producing CRE Payoffs Outpace C&I Inflows
Income Producing CRE Payoffs Outpace C&I Inflows Total Period End Loans Down $1.1 billion Year-over-Year Home Equity, Other Consumer $7,722 Construction C&I (owner- $7,305 $7,280 $6,939 occupied) $6,622 16% 11% 14% 9% Construction – comm. & 8% 18% residential 21% 23% 24% Owner-Occupied CRE (in milli
Slide 15: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses / Loans HFI 2.38% 2.14% 2.19% 2.12% 1.83% $138,159 (in thousands) $113,215 $15,468 $13,382 $21,448 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2 NCO / Average Loans1 NPAs 1,2 / Assets 2.16% 1.23% 1.
Slide 16: Incremental Progress in Criticized & Classified and HFS Loan Portfolios
Incremental Progress in Criticized & Classified and HFS Loan Portfolios Criticized and Classified Migration1 $216,148 (in thousands) $(19,601) $794,133 $(81,473) $759,586 $(108,625) $(40,995) 2026Q1 Downgrades Upgrades HFS Sold Payoffs Charge-offs 2026Q2 Trends • Criticized and classified trends con
Slide 17: Criticized & Classified Trend: YoY Progress Achieved Despite Substandard Migration
Criticized & Classified Trend: YoY Progress Achieved Despite Substandard Migration 86.0% 82.0% 88.0% 86.0% 82.5% 83.4% 69.0% 74.0% 74.0% % Performing1 89.8% 70.6% 74.6% % of Tier 1 67.4% 64.0% 53.8% 55.9% 57.9% Capital2 49.0% 79.6% 61.8% 65.7% 59.9% 51.7% 52.8% 58.1% 49.8% 45.2% % of Tier 1 Capital
Slide 18: Office Portfolio Detail
Office Portfolio Detail Income Producing Office Holdings Declined $288 million Year-over-Year $ in millions As a % of CRE Office Criticized In Central Excess CET1+ACL/ Balance Avg. Size and Business District Inc Producing Office Loans Class Type1 (in millions) # of Loans (in millions) Classified of
Slide 19: Inc. Prod. Office Portfolio Declines 45% Over Years Driven by Multi-faceted Approaches
Inc. Prod. Office Portfolio Declines 45% Over 3 Years Driven by Multi-faceted Approaches Income Producing Office Portfolio Reduction Drivers $976 46.3% 18.5% $(205) 35.2% (in milions) $(82) $533 $(156) $39.8 in Reserves Charge-Offs Paydowns 2023Q2 Transferred to Held for Sale 2026Q2 • Cycle to date
Slide 20: Office Loan Portfolio: Income Producing Detail
Office Loan Portfolio: Income Producing Detail Income Producing Office - Maturity Schedule Refresh of appraisal values $160.7 is triggered on upcoming maturity or modification, collateral $89.8 dependency $91.3 under ASC 326, or downgrade to $46.6 $46.9 $39.6 substandard or $32.0 $26.4 worse. $46 $1
Slide 21: Multifamily Exposure Reduced 9% QoQ Through Targeted, Controlled Attrition
Multifamily Exposure Reduced 9% QoQ Through Targeted, Controlled Attrition Income Producing Multifamily - Maturity Schedule % of Income Producing $263.3 ($ in millions) Multifamily Total Balance $691.9 (in millions) # of Loans 34 $141.3 Avg Size 20.3 $126.5 Median Size 9.5 $71.5 $59.9 Pass $408 59.0
Slide 22: Appendix
Appendix
Slide 23: CRE Office Decline: Volume Decreases 7% QoQ While Capital Buffer Expands
CRE Office Decline: Volume Decreases 7% QoQ While Capital Buffer Expands Trend in Balance and % of CET1 Capital Office Loan Portfolio Composition Central Business $1,200 100.0% District of DC $976 11.19% $950 $955 $899 $889 $865 $864 $849 $821 75.0% $800 Washington DC Virginia (in millions) $602 $57
Slide 24: Non-accrual Resolutions Outpace Inflows of $36 million
Non-accrual Resolutions Outpace Inflows of $36 million Drivers of Non-accrual Change $36,038 $128,761 $- $(14,658) (in thousands) $(24,982) $111,124 $(14,035) 2026Q1 Return to Accruing Inflows Paydowns Charge-offs Transferred to HFS 2026Q2 Non-accrual Relationships Above $5 Million1 Credit Resolutio
Slide 25: Summary of Classified and Criticized Loans above $10M
Summary of Classified and Criticized Loans above $10M All Special Mention and Substandard Loans Over $10 million # of 6/30/2026 Average Median # of 6/30/2026 % of Risk Rating Loans Balance Size Size Loans Balance Total QoQ Δ Special Mention Loans 21 $274,186 $13,056 $7,208 10 $260,627 95% New Substa
Slide 26: Top Loans Represent 23.9% of Total Loans
Top 25 Loans Represent 23.9% of Total Loans Appraisal Collateral Balance % Total Risk Maturity Amount Appraisal Latest Rate Fixed / Non Collateral Type Loan Type Location ($000s) Loans Rating Date ($000s) Date LTV2 (%) Variable Accrual? 1 Apartment Building with Retail/Commercial Space Construction
Slide 27: C&I Loans Grow 24% YoY
C&I Loans Grow 24% YoY Loans2 Recent Growth Since sharpening our focus on C&I in 24% Growth YoY 4Q24, we’ve accelerated portfolio $3,290 rotation toward higher-value, $3,500 $3,207 60% $3,049 relationship-driven lending, with strong $3,000 $2,602 $2,665 $2,643 $2,746 50% $2,531 $2,556 production and
Slide 28: Strategic Rebalancing: C&I Crosses the 50% Mark
Strategic Rebalancing: C&I Crosses the 50% Mark Loan Composition1 Loans $8,000 1% C&I and CRE account for 99% of the 1% 1% 1% Bank’s $6.6 billion in loans HFI at 1% 06/30/2026. $6,000 As of June 30, 2026, C&I loans have (in millions) 65% 61% 57% 53% 49% increased $240.9 million YTD due to $4,000 str
Slide 29: Investment Portfolio: Continued Run-off with Optionality Ahead
Investment Portfolio: Continued Run-off with Optionality Ahead Investment Portfolio Composition Investment Portfolio Strategy Agency CMBS • Portfolio remains well-positioned to meet 9% anticipated liquidity requirements. Municipal • Projected principal cash flow of $141 million 6% for the remainder
Slide 30: Recent TBVPS Expansion Driven by Retained Earnings
Recent TBVPS Expansion Driven by Retained Earnings $0.23 $- $(0.01) $0.11 $37.73 $37.56 $(0.16) 2026Q1 TBVPS Net Income Dividend Intangibles Stock Based AOCI 2026Q2 TBVPS Comp/ESPP Tangible Book Value per Share – 1% CAGR1 $40.59 $38.97 $39.08 $37.56 $37.73 $37.26 $35.74 $35.86 2020Y 2021Y 2022Y 2023
Slide 31: Loan Portfolio - Details
Loan Portfolio - Details $ in millions Owner Income Owner % of Occupied Producing Occupied CRE Residential Total Location C&I CRE CRE Const. Construction Land Mortgage Consumer TOTAL Loans Washington DC $246.2 $374.8 $950.1 $2.9 $76.8 $29.3 $12.1 $12.4 $1,704.6 25.7% Suburban Washington Montgomery 1
Slide 32: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE $ in millions Single/1-4 Family & Hotel/ Res. % of Total Location Motel Industrial Mixed Use Multi-family Office Retail Condo Other TOTAL Loans Washington DC $146.5 $0.8 $99.3 $297.5 $119.1 $56.7 $53.0 $177.2 $950.1 14.3% Suburban Washington Montgomery - 9.8 39.
Slide 33: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction $ in millions Single & 1-4 Multi Residential % of Total Location Family family Office Hotel/Motel Mixed Use Retail Condo Other TOTAL Loans Washington DC $8.0 $42.5 $3.4 $16.6 $0.0 $0.0 $0.0 $6.3 $76.8 1.2% Suburban Washington Montgomery 15.1 182.4 - - - - - - 197.5
Slide 34: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) $ in thousands, except per share data As of Period End 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 Tangible common equity Common shareholders' equity $1,185,067 $1,123,476 $1,131,283 $1,145,277 $1,150,506 Less: Intangible assets (9) - - - - Tangible common equity $1,1
Slide 35: 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