Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — FBR Capital Markets Fall Investor Conference 2010
46 slides from Eagle Bancorp's conference presentation, Nov 30, 2010
Slide 1: FBR Capital Markets Fall Investor Conference
Ticker: EGBN www.eaglebankcorp.com FBR Capital Markets Fall Investor Conference November 30, 2010
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: Summary Statistics - September 30, 2010
Summary Statistics - September 30, 2010
Slide 6: EagleBank Locations
EagleBank Locations Tyson's Corner Montgomery County Prince George’s County Alexandria Arlington Fairfax County Loudoun County Washington, DC Resto n
Slide 7: Market Information - Washington, DC
Market Information -Washington, DC Metropolitan Statistical Area
Slide 8: Largest US Markets, Job Change Aug '09 - Aug '10
Largest US Markets, Job Change Aug ‘09 - Aug ‘10 (000s) Washington + 20,500 Source: BLS Benchmark, GMU Center for Regional Analysis
Slide 9: Unemployment Rate - Largest US Markets
Unemployment Rate - Largest US Markets May 2010 Source: BLS, Not Seasonally Adjusted 6.0 US 9.3 %
Slide 10: Greater Washington Economy
Greater Washington Economy Note: Other includes Health/Education, Media Source: George Mason University, Center for Regional Analysis
Slide 11: Deposit market share in Washington DC market
Note: Shaded companies in grey denote those companies headquartered outside of Washington, D.C. Metro Area. Data excludes: E*Trade and UNIFI Mutual Holding Company whose deposits are substantially from outside of the defined market area. Source: FDIC, as of June 30, 2010
Slide 12: 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 13: Consistent Net Income Growth
Consistent Net Income Growth Peer CAGR: 0.2%¹ (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
Slide 14: Financial Indicators - Regional Peer Analysis
Financial Indicators - Regional Peer Analysis Note: Regional peer data is average for 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 a
Slide 15: Loan Portfolio Composition
Loan Portfolio Composition Loan Portfolio by Type Loan Portfolio by Location Note: At September 30, 2010 Total Gross Loans: $1.5 Billion
Slide 16: Diversified Commercial Real Estate Loans
Diversified Commercial Real Estate Loans Construction Loans by Type Income Producing CRE by Type
Slide 17: 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 18: New Condominium Inventory
New Condominium Inventory Washington, DC Current Inventory = 714 Units 2005 2006 2007 2008 2009 2010 Source: The Mayhood Co, October, 2010
Slide 19: Credit Quality Trends
| Credit Quality Trends 30-89 Days Past Due S 14123 $ 19,740 $ 7,762 $ 11,499 $ 18849 $ 29,336 $ 31,259 $ 28,125 Nonperforming Assets: 90 or More Days Past Due Ss - $s woos - $ - S - S$ - S - Ss - Nonacenaal 25457 35,585 30,993 22,775 22,004 20.977 24026 23,372 Restructured Loans - : E : - s 1297 1,
Slide 20: Loan Type Balances
(int Shes) Loan Type Bunce _%of Tota Baknoe _%of Tota Baines _%ofToal % % Conmerciland Iniutial $329,316 250% © $350614 25.1% = 38RD «SAN 119% 143% ‘Conmeri Real Estate: Owner Occupied 199.702 144% 9678 41% 210083 137% 10.7% 9.0% Income Producing 45117 343% 500105 35.7% S738 375% 210% 196% tant 1546
Slide 21: Deposit Types
(Dota Vln hoasends) Deposit Type %ot Sot %ot Balance Total Balance Total Balance Total ___% % Noninterest Bearing S 233,994 17.6% S$ 307,959 21.1% S$ 380,167 23.1% 5% 312% Interest Bearing Transaction 55490 4.2% 59,720 4.1% O72 3.8% 13.0% 6.7% Savings & Money Market 475,138 35.7% 582,854 39.9% 693,3
Slide 22: Superior Relationships = Superior Net Interest Margin
Superior Relationships = Superior 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 period
Slide 23: Capital and Asset Ratios
a Pe Se ee a al Total Assets S 1487545 $ 1496827 $1,682,773 S$ 1,805,504 $1,832,991 $1,937,265 $2,006,146 Total Capital S 100593 § 142,371 $201,516 S$ 188,321 S 192465 S$ 196,743 $ 202301 Tier 1 Leverage Ratio 8.79% 9.22% 11.68% 10.29% 10.00% 9.84% 9.66% Tier 1 Risk Based Capital Ratio 755% 9.78% 13
Slide 24: Looking Ahead
Looking Ahead
Slide 25: Why Invest in EGBN?
Why Invest in EGBN?
Slide 26: EGBN Stock Price Performance
EGBN Stock Price Performance Source : SNL Financial Any Questions ?
Slide 27: Appendices
Appendices
Slide 28: Pre-Tax, Pre-Provision Income
Pre-Tax, Pre-Provision Income (1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported pre-tax pre-provision net revenues for all reporting periods
Slide 29: Geographic Detail of Loan Portfolio
Geographic Detail of Loan Portfolio Note: At September 30, 2010
Slide 30: Loan Portfolio by Risk Rating
Loan Portfolio by Risk Rating
Slide 31: Nonperforming Assets by Geography (Dollar Values in Thousands)
(Dollar Values in Thousands) Maryland Montgomery Prine Geor's Other MD Washington DC — Alexandria Arnon Faia Loudoun Prine Wiliam, Otter VA, Other USA “Total S isn s a rr s S 1B S$ 280 $1853 a . 1207 - * = 1207 696 1.903 213 : : : 13399 1582 265 Usi7 Lis S154 560 . 6813980 1s 15940 2890 18,830 493 2
Slide 32: Deposit Balances
/Noninterest Bearing Interest Bearing Transaction Savings & Money Market Core CD's Whokesale CD's Total Deposits 380,167 62,722 693,381 449,700 60,121 $1,646,091
Slide 33: Securities Portfolio
US Treasury Securit s : = - . oom US Goverment Agency Securtics 85263 1768 " 7031, a399% Mortgage Backod Secures “GSEs ner 3618 2s mnt o89%6 Municipal Bonds 47503 201 a 501380 is98 Other Equity Investments “is = os 77 01 "Total Securities 5s wir zr F902 Toone US Treasury Soourios s ql 7 z % oor, US
Slide 34: EagleBank Deposit Market Share
EagleBank Deposit Market Share
Slide 35: Proven Acquisition Capabilities
Proven Acquisition Capabilities
Slide 36: Fidelity & Trust Acquisition
Fidelity & Trust Acquisition
Slide 37: Minimal Impact from Dodd-Frank Regulatory Reform
Minimal Impact from Dodd-Frank Regulatory Reform
Slide 38: Experienced Senior Management Team
Experienced Senior Management Team Years Years in with Name Title/Function Banking __EGBN Ronald D. Paul ‘Chairman, President & CEO 23 12 Robert P. Pincus Vice Chairman 37 2 Michael T. Flynn EVP & COO - Eagle Bancorp 39 6 Susan G. Riel Sr. EVP & COO - EagkBank 34 12 Thomas D. Murphy President - Reta
Slide 39: Experienced Management Team
Experienced Management Team
Slide 40: Experienced Management Team
Experienced Management Team
Slide 41: Experienced Management Team
Experienced Management Team
Slide 42: Historical Balance Sheet
Historical Balance Sheet (Pet tla to hone) _ 20S tots (Cohan gots ee ee Sorin Ava re ‘soso 9a 7am ate Toul Cahind Sewiis — —Toapis Tae T0737 —iowsI6 HT ros toms tt soa asm meg 1265640399310 tan Las Reeves Sos 737 80s7 kaos ato as Hd fr Se ao ais) aaah 10 Tot Net Lae Be OST ToT TzoRS THOR “ou angie :
Slide 43: Historical Quarterly Balance Sheet
Historical Quarterly Balance Sheet
Slide 44: Historical Income Statement
| Historical Income Statement (Dollar Values in Thousands, except per share data) 2008 2006 2007 2008 2009 Total Interest Income S 3676 S318 S$ _STOTT_—-S 65657 S84338 “Total Interest Expense 8,008, 17,880 23,729 23,676 24,809 Net Interest Income 28,718 32,438 33348 41981 39,529 Loan Loss Provision
Slide 45: Historical Quarterly Income Statement
| Historical Quarterly Income Statement (Dollar Values in Thousands, excep per share data) “Total Interest Income “Total Interest Expense [Net Interest Income {Loan Loss Provision ‘Service Charges on Deposits Gain. oss on Sale of Loans GainLoss on Sale of Seerites Total Nonintrest Income ‘Salaries a
Slide 46: Tangible Common Equity Reconciliation
September 30, December 31, September 30, December 31, March 31, June 30, September 30, (dollars in thousands except per share data) 2008 2008 2009 2009 2010 2010 2010 Common stockholders' equity $ 100,593 $ 105,259 $ 164,975 $ 165,709 $ 170,016 $ 174,250 $ 179,764 Less: Intangible assets (2,863) (2,
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