Slide 1: Investor Presentation March 2014
* @EAGLE BANCORP INC. Investor Presentation March, 2014 Ticker: EGBN www.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: Company Overview
Company Overview = Eagle Bancorp, Inc. is a growth oriented community bank headquartered in Bethesda, Maryland = Focused on the Washington, DC metropolitan area, with 18 branches = Commercially oriented business model with deep relationships of loans, core deposits and related products = #1 in depos
Slide 4: History of Growth
History of Growth = Founding members had extensive banking experience = — Commenced operations with three Maryland branches - July, 1998 = Raised $46.5 mil ion in initial and secondary subscription offerings - 1997* and 2003* = Reached $500 million in assets in 2004 = Private placement of $12.1 mill
Slide 5: Summary Statistics — December 31, 2013
| Summary Statistics — December 31, 2013 ‘Total Assets: $3.8 billion ‘Total Loans: $2.9 billion ‘Total Deposits: $3.2 billion ‘Tangible Common Equity: $333.8 million (1) ‘Tangible Book Value per Common Share: $12.89 (1) Shares Outstandi 25,885,863 SBLF Preferred: (1% Dividend Rate, until December, 2
Slide 6: Attributes of EagleBank
Attributes of EagleBank » — Driven by Profitability - 20 Consecutive Quarters of Increasing Earnings » — EPS Growth — 35.97% CAGR in EPS over past 3 years » — Superior Net Interest Margin - 4.40% (4" Qtr 2013) » — Balanced Organic Growth » — Geographic Market Positioning » — Experienced and Dedicate
Slide 7: EagleBank Locations
| EagleBank Locations Tyson's Comer (|_ Alexandria
Slide 8: Deposit Market Share
| Deposit Market Share esftoe 2.213) (Daler Fb Trcont) amas Beales Rank Lal Rook Lal Rank Ther Capa ane ste 2 COP Cpital one 3 BAC Bakof Arms. 4 sm Suntt s BOT BRATCon ‘ PKC PNCB 7 C ibank 0 TDD NA Tonto noo 2 SASR Sandy Spin Bank Obey MD noo 3 BIRD Bake Heber Banko Aland VA ua 4 VeBL —VepisinConmae
Slide 9: Financial Indicators — Regional Peer Analysis
| Financial Indicators — Regional Peer Analysis Key Ratios (at or for the quarter ended December 31) Net Interest Margin Efficiency Ratio Non-Interest Income/Total Revenue NPAs + 90 Days Past Due/Total Assets NPLs + 90 Days Past Due/Total Loans Allowance Loan Losses/Gross Loans Coverage Ratio (Allow
Slide 10: Financial Indicators — Local Peer Analysis
Financial Indicators — Local Peer Analysis Loan Growth (December 31, 2012 - December 31, 2013) = Commercial & Industrial = Commercial Real Estate Construction & Development Total Loans Deposit Growth (December 31, 2012 - December 31, 2013) Demand Deposits Money Market Accounts Certificates of Deposi
Slide 11: Consistent Balance Sheet Growth
Milions of Dollars Consistent Balance Sheet Growth $4,009 Total Assets 83,5004 $3,004 32,5004 $2,004 s1,s004 1,000 300-4 08Q4 09Q1 09Q2 09Q3 09Q4 10Q1 10Q2 10Q3 10Q4 11QI 11? 11Q3 NQt 12Q1 1292 12Q3 12Q4 13Q1 1392 13931394 @ (0) Regional pers includes publil-traded commercial banks wih asets between
Slide 12: Growth in Pre-Tax, Pre-Provision Income
Millions of Dollars Growth in Pre-Tax, Pre-Provision Income same Quarterly Pre-Tax Pre-Provision Net Revenue lll [Peer CAGR: 2.6%] eet CAG! 08Q1 09QI 0992 09Q3 O9QF 1OQI_ 10Q2 10Q3 10QH IAI 11Q2 113 11QH 1201 1292 12Q8 12Q1 13Q1_ 13921393 s20,000-4 | 13Q8 (0) Regional pee ince pubic raed comme uns w
Slide 13: Contribution from Non-Interest Income
Contribution from Non-Interest Income 40,0009 $35,0004 30,0004 08Q109Q1.09Q209Q309Q4 10Q110Q210Q310Q4 11Q111Q211Q311Q412Q112Q212Q3 12Q413Q113Q213Q313Q4
Slide 14: Consistent Net Income Growth
| Consistent Net Income Growth BINet Income Available to Common TARP Dividend O SBLF Dividend 13,0005 $12,003 12,0004 11,0004 10,0005 9.0004 $8,000 s7,0004 86,0004 Thousands of Dollars 85,0004 s4,0004 $3,004 s2,0004 s1,0004 so+ 08Qt 09Q1 09Q2 09Qs OE IOI 10Q2 10Q3 19H 11QI 11Q2 11Q3 QF 12Q1 12Q2 129
Slide 15: Geographic Detail of Loan Portfolio
Geographic Detail of Loan Portfolio Prince George's 35,089. 532 17457-2260 1,846 92 260,417 Other MD 36,380 16762 4321—*161,972 47,386 2774226 33 342,627 11.6% 24,135 548 45,538 Priwe Wiliam 795 12.928 626 35612-2492 4,708 596 780 : 61,537 21% Other VA 9313 20981 4160 -33,292 17.273 23,976 6 1,292 :
Slide 16: Geographic Detail of CRE — Construction
Geographic Detail of CRE — Construction (Dollar Values in Thousands) Single & 14 Residential County Family _MuedUse Office __Mallifnily__Reai!__Holel__Comd__Other_‘TOTAL _% of Tod Maryland Monigomery $ 2860 $ - S$37IB S$ - S$ - $ 586 8 $= $ 66899 16.2% Prince George's 529 8677 - 6.47 : 2104-17437 4.
Slide 17: Geographic Detail of CRE - Income Producing
Geographic Detail of CRE- Income Producing (ottar Vatuesin Thousand) Office & Office i County Condo _Retail_Mullfamily Family Hotel __MixedLse Industrial __Other_‘TOTAL _% of Total Maryland Montgomery S$ 43304 $ 43,592 $ 9,693 $ 13,465 $ = $21,664 $ 8,174 $10,708 $ 150,600 13.4% Prince George's 2M 4
Slide 18: Credit Quality Trends
Credit Quality Trends eee ees mer ee eee 30-89 Days Past Due $ 23,366 $ 32,079 $ 41,807 $ 19,927 $ 27,990 $ 18,253 $ 8,794 $ 17,143 Nonperforming Assets: 90 or More Days Past Due $s - S$ - S$ - $ - S$ - S$ - $ + 8 - ‘Nonacerual 36,714 32,876 30,684 28,166 23,507 27,546 24,702, Restructured Loans z =
Slide 19: Consistent Asset Quality
Consistent Asset Quality Total Loans ‘scqangen a r mn werage nots Growth NPAs Charge-Offs -$50,000000 {000's) Sin ‘he: 2009 $ 133671 1.50% am 2010 $ 276189 153% 0.35% ‘sseqo0go00 0% 2011 $ 380,756 1.27% 032% ‘Sipcanne00 in 2012 $436,839 1.06% 03% ss0qo00000 2013 $452,063 __0.90% 0.23% Ei) 0% PPP PVH
Slide 20: Balanced Loan and Deposit Growth
Balanced Loan and Deposit Growth $3,500,000,000 $3,000,000,000 $2,500,000,000 $2,000,000,000 + Total Loans $1,500,000,000 + Total Deposits $1,000,000,000 $500,000,000 so (1) QB 2011 Deposits exclude the “settlement deposit”. (2) QI 2013TAG" related deposit loss was $130 million. 19
Slide 21: Deposit Composition
Deposit Composition (Dllas ates ie Showoands) Deposit Type Sof of %of Balance ‘Total Balance ‘Total Balance ‘Total % ‘Noninterest Bearing (1) S 881,390 304% $898,831 30.1% S$ 849,408 26.3% (3.6%) Interest Bearing Transaction 113,813 3.9% 104,004 3.5% 118,580 3.7% 4.2% Core Savings & Money Market (2)
Slide 22: Superior Relationships/Net Interest Margin
Superior Relationships/Net Interest Margin 5.25% 475 g ; = 4.250% / —_— 4.408% i a Ss 350 3.25% a3 RRR ge ¢ fon, DC, Virginia,
Slide 23: Moderate Interest Rate Risk Position
| Moderate Interest Rate Risk Position ‘Source: FIN Quarterly IRR Report
Slide 24: Conservative Securities Portfolio
| Conservative Securities Portfolio (Delt ens ts Shas) US Govemment Agency Securities 46640 86 us 1335 2% Mogage Backed Secutes ~GSts 231206, 118 6015 amr 61.0% ‘Municipal Bonds 102403 207 2700 101,740 267% Other Euity Investments 396 e 581 01% Total Secuies Sis =e Saas Sas Ta US Govemment Agency Se
Slide 25: Capital Strength
| Capital Strength (Dollars Values in Thousands) Total Assets S$ 2,976,188 S$ 3409441 S$ 3,324,865 S 3,410,568 S$ 3,504,928 S 3,771,503 Total Capital S 324,399 S$ 349,976 $ 361,852 S 369,390 $382,100 $393,863 Tier 1 Leverage Ratio 10.36% 10.44% 10.39% 10.81% 10.89% 10.93% Tier 1 Risk Based Capital R
Slide 26: Nationally Recognized Financial Performance
Nationally Recognized Financial Performance SANDLER O'NEILL + PARTNERS " -20p Investment Idea” Recommendation 2012 = “Sm-All Stars” Designation 2011 & 2013 = Designated as a “Grower” Bank 2012 = Honor Roll of Community Banks 2010, 2011 & 2012 = Ranked 24" among Best Performing Community Banks in the
Slide 27: Highly Regarded by Bank Rating Firms
| Highly Regarded by Bank Rating Firms FIRM IDC Analyze the Future | VERIBANC = BAUERFINANCIAL, INC RATING 279/300 Green - ***
Slide 28: Market Information — Washington, DC MSA
Market Information —Washington, DC MSA = Population 6.2 Million a Sth largest market in the U.S = Employment 3.1 Million a 24,100 new jobs created in last year Average annual job creation is 29,900 over last decade Highest in net new job growth in the U.S. over last decade Unemployment rate of 4.6%
Slide 29: Washington Metropolitan Area Primary Sub-Markets
Washington Metropolitan Area Primary Sub-Markets Population Total Number of (Actual) Employment _ Businesses [Anne Arundel, Maryland 540,836 214,336 Prince George's, Maryland 865,486 328,314 24,422 Howard, Maryland, 291,019 -128,89710,714 Frederick, Maryland 234,896 96,979 8,362] Charles, Maryland 1
Slide 30: Unemployment Rate - Largest US Markets
| Unemployment Rate- Largest US Markets December, 2013 Source: BLS, Not Seasonally Adjusted
Slide 31: Average Sales Price Percent Change Washington MSA
Average Sales Price Percent Change Washington MSA All Housing Types Annual Change Annual Change by Month 2000 -2009 2010 2011 2012 2013 2014 % 30 2122 20 1443 14 10 a : ; a9 eS “ay WO encore 8 . lg ae anda 4 4 4 6 wil:: ATH ITH | seer septal TTT FA 4 “4.5 -10 Il -20 -16 0 SESS FFESFSE FEISS FEPSES S
Slide 32: Greater Washington Economy
Greater Washington Economy International Other Federal ther Federal aaa 13.7% Hospitality 3.6% Associations 22% Federal Procuret 163% Local Business 39.9% Note: Other includes Hea Source: The Wall Street Jo Mason University, Center for Regional Analysis
Slide 33: Key Success Factors
Key Success Factors = Building and maintaining core relationships © Cross sales © Focus on key customers = Maintenance of strong credit culture o Conservative underwriting criteria and loan policies o Disciplined Committee Approval and Review Process o Periodic Loan and Portfolio Stress Testing o Pr
Slide 34: Key Success Factors (continued)
Key Success Factors (continued) = Disciplined ALCO process = Maintained focus on areas of strength » Concentration on core geographic markets and products = Built the proper infrastructure to support the increased volume of business and regulation = Significant Management and Board level reporting =
Slide 35: Looking Ahead
Looking Ahead Profitability o Pricing discipline to sustain Net Interest Margin « Diligent expense control to maintain Efficiency Ratio Expand market presence in Northern Virginia o Leverage strong seasoned staff Emphasis on Organic Growth o Only 1.87% deposit market share o Significant opportunitie
Slide 36: EGBN Stock Price Performance
| EGBN Stock Price Performance Price Change (%) a a At ow An [ ow sa00 a, 2 o 2 2 2 ry 2 ey 2 2 z z £ 2! & FF § 4 8 § & & 2 & 8 Stock Price Performance 1 Year 3 Year 5 Year EGBN 73.6% 154.7% 597.8% NASDAQ Bank Stock Index 28.7% 38.9% 84.9% S & P 500 Index 22.8% 40.1% 153.0% Souree: SNL Financial, Bl
Slide 37: EGBN Relative Valuation
| EGBN Relative Valuation Trailing P/E Ratio a5 30 25 20 33 195 78 175 -_ 145 ae 74 | ; 5 o EGBN —SNLNat'l Avg KBW Regional SNLMid-Atl © NASDAQ Russell3000 S&P500 Bank Avg Avg Source: SNL & KBW. Chatt and calculations as of close February 28, 2014, 36
Slide 38: Appendices
Appendices 37
Slide 39: Loan Portfolio Trends
Loan Portfolio Trends (2olian tates in Shausands) Loan Type Commercial and Industrial $545,070 (Owner Occupied (Owner Occupied-Const. Income Producing Construction Land Residential Mortgage Home Equity Other Consumer Total Loans Balance _% of Total Balnce_ _%of Total Balance _%of Total % 21.9% $682,
Slide 40: Loan Portfolio Composition
| Loan Portfolio Composition Total Gross Loans: $2.9 Billion ‘Note: At December 31, 2013 39
Slide 41: Diversified Commercial Real Estate Portfolio
| Diversified Commercial Real Estate Portfolio Total : $413.3 Million Total : $1.1 Billion ‘Note: At December 31, 2013 40
Slide 42: Loan Portfolio by Risk Rating
| Loan Portfolio by Risk Rating (Dollar Values in Thousands) 1000 - Prime S432 0m% ST = 2000. Beaent 2iogss 83% meo14 san nage oe / a = = Periodic review of loan portfolio and risk ratings by independent, third-party credit review firm 41
Slide 43: Geographic Detail of NPA's
| Geographic Detail of NPA’s (Dollar Values in Thowsands) Maryland Mongmery = § «808 = $ S$ HHS - S$ IFS ISS 45 $10 S$ HS Prince George's : 434 : 2 : av Be 74 350 Other MD 402 ‘ : : 7 425 we : 9M 16 WashingonDC 60234081 : IMB 4368 : : : 1581614394 17.210 Virginia Alexandria 3 : 7 2 . ° : . : 3 Aing
Slide 44: Acquisition Strategy & History
Acquisition Strategy & History Significant Due Diligence precedes any Offer to Acquire Accretive Transactions are always the Goal Acquisition #1 (F&T completed on August 31, 2008) a System conversion successfully completed one week after close a Targeted expense savings achieved in methodical and th
Slide 45: Experienced Senior Management Team
| Experienced Senior Management Team Years Years in with Name Title/Function Ba EGBN Ronald D. Paul Chairman, President & CEO 26 16 Robert P, Pincus Vice Chairman 41 5 Michael T. Flynn EVP & COO - Eagk Bancorp 4B 10 Susan G. Riel EVP & COO - EagkBank 38 16 ‘Thomas D. Murphy President - Community Ban
Slide 46: Experienced Management Team
| Experienced Management Team Ronald D. Paul, Chairman, President and CEO Mr. Paul, a founder of EagleBank, has served as Chairman since May 2008, and prior to that time was Vice Chairman and Chief Executive Officer since the organization of the Company. He also has served as Chairman of the Board o
Slide 47: Experienced Management Team
| Experienced Management Team Susan G. Riel, Senior EVP, Chief Operating Officer of EagleBank ‘Ms. Riel, Senior Executive Vice President - Chief Operating Officer of the Bank, and formerly Chief Administrative Officer. Ms. Riel has been with the bank for 13 years. She previously served as Executive
Slide 48: Experienced Management Team
| Experienced Management Team AntonioF. Marquez, EVP, Chief Commercial Real Estate Lending Officer Mr. Marquez, Executive Vice President, recently joined EagleBank as the Chief Real Estate Lender. Prior to joining EagleBank, Mr. Marquez established the real estate lending franchise for HSBC for the
Slide 49: Experienced Management Team
| Experienced Management Team James H. EVP, Chief Fit Officer, Eagle rp, Inc. and E¢ Mr. Langmead, Executive Vice President and Chief Financial Officer of the Company since January 2007, and Executive Vice President and Chief Financial Officer of the Bank since January 2005, previously served as Chi
Slide 50: Historical Balance Sheet
Historical Balance Sheet 49
Slide 51: Historical Quarterly Balance Sheet
Historical Quarterly Balance Sheet ale 33 222 B) e835 33533 ({) Please refer to the GAAP reconciliation and footnotes in the appendices on pages 53-54, 50
Slide 52: Historical Income Statement
| Historical Income Statement (Dollar Values in Thousands, except per share data) Total Interest Income ‘Total Interest Expense [Net Interest Income Loan Loss Provision Service Charges on Deposits Gsin/Loes on Sale of Loans Gsin/Loes on Sale of Securities BOLI Revenue (Other Noninterest Income ‘Tota
Slide 53: Historical Quarterly Income Statement
Historical Quarterly Income Statement (stay Youes m Thowands, capper hare dts) Groth Granth Rate Rate SQUIB 4Q2H Mar20r2__Jun2012__Sep2012__Dec2012__Mar2013__Jun203__Sep2n1s__Dec203_ 392012 _3Q2013 ‘tater come S 2568S MST $ 36656 $ SHIGE $3795 S STNRS SSMS ED 9 49% Tota nest Expense aoe 3861 ster 30
Slide 54: GAAP Reconciliation
| GAAP Reconciliation GAAP Reconciliation (Unaudited) (dollars in thousands except per share data) Common shareholders’ equity Less: Intangible assets ‘Tangible common equity Book value per common share Less: Intangible book value per common share ‘Tangible book value per common share Total assets L
Slide 55: GAAP Reconciliation Footnotes
GAAP Reconciliation Footnotes (1) Tangible common equity to tangible assets (the "tangible common equity ratio") and tangible book value per common share are non-GAAP financial measures derived from GAAP-based amounts. The Company calculates the tangible common equity ratio by excluding the balance