Slide 1: 2nd Quarter 2025 Earnings Presentation
2nd Quarter 2025 Earnings Presentation July 23, 2025 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 $ $ $ $ billion billion billion billion 1 Shares Outstanding Market Capitalization Tangible Book Value (at close June 30, 2025) (at close July 22, 2025) per Common Share 30,364,983 $650 million $39.03 2 1 Institutional
Slide 5: Core Strengths Supporting Long-Term Performance
Core Strengths Supporting Long-Term Performance • Best-in-Class Capital Levels o CET1 Ratio = 14.01% Top quartile of all bank holding companies with $10 billion in assets or more o TCE / TA¹ = 11.18% o ACL / Gross Loans = 2.38% and ACL / Performing Office Loans = 11.54% • Long-term Strategy to Impro
Slide 6: Strategic Initiatives to Enhance Profitability
Strategic Initiatives to Enhance Profitability Key Levers to Improve Return on Average Assets • Grow and deepen relationship deposits with a focus on franchise enhancement; allowing for reduction of high-cost wholesale and non-core funding • Maintain pricing discipline on loan originations to promot
Slide 7: Eagle – Capital Levels vs. Peers
Eagle – Capital Levels vs. Peers Strong Capital • Capital ratios are high relative to peers • Excess CET1 (over 9%) plus reserves provides a superior level of coverage when measured against our peers CET1 Ratio Excess CET1 + ACL / Total Tangible Common Loans Equity / Tangible Peer 1 17.0% Peer 2 16.
Slide 8: Performance Measures
Performance Measures Operating Return on Average Tangible Operating Return on Average Common Equity1 Assets1 0.66% 0.70% 7.04% 7.22% 0.48% 4.94% 0.06% 0.55% -2.33% -22.35% 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 Operating Efficiency Ratio1 Tangible Common 61.5% Equity/T
Slide 9: Net Interest Income
Net Interest Income Net Interest Income & Margin $100.0 9.00% NII and NIM Increase $80.0 $71.4 $71.8 $70.8 $67.8 7.00% $65.6 Net Interest Income $60.0 5.00% (in millions) 2.40% 2.37% 2.29% 2.28% 2.37% • Net interest income increased $2.2 million quarter $40.0 3.00% over quarter. $20.0 1.00% • Intere
Slide 10: Net Income – Summary
Net Income – Summary Net Income Drivers Net interest income Net interest income increased $2.2 million, primarily driven by reduced costs on savings and money market accounts, lower average short-term borrowings, and one additional day in the quarter. Provision for Credit Losses (“PCL”) Provision fo
Slide 11: 2025 Outlook
2025 Outlook Key Drivers 2Q 2025 Actual Prior 2025 Outlook Current 2025 Outlook1 Balance Sheet Average deposits $10,226 million 1-4% increase 4-6% increase Average loans $7,942 million 2-5% increase Flat Average earning assets $11,487 million Flat 5-7% decrease Income Statement Net interest margin 2
Slide 12: Deposit Mix and Trend
Deposit Mix and Trend Total Period End Deposits increased $852 million Year-over-Year CDs Savings & money market Interest bearing transaction Noninterest bearing Cost Analysis 5.75% 5.28% 5.46% 5.07% 5.03% 4.45% 4.47% 4.20% 4.07% 3.86% 3.35% 3.40% 3.28% 3.17% 3.05% 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2
Slide 13: Funding & Liquidity
Funding & Liquidity Funding & Liquidity Summary Deposits Robust Liquidity Coverage of Uninsured Deposits Average deposits increased $342.8 million for the quarter, attributable to an increase in time deposit accounts. $4,812 Our available liquidity of $4.8 billion covers uninsured deposits of $2.3 b
Slide 14: Office Loan Portfolio Detail
Office Loan Portfolio Detail Inc Producing Office Holdings Declined $68 million Year-over-Year Excess CET1+ACL/ As of June 30, 2025 Inc Producing Office Loans Peer 1 158% Peer 2 115% Peer 3 112% Peer 4 102% Peer 5 89% Peer 6 79% EGBN 79% 1 - Class Type is determined based on the latest appraisal des
Slide 15: Office Loan Portfolio: Income Producing Detail
Office Loan Portfolio: Income Producing Detail Commentary • Performing Office ACL coverage = 11.54% • Limited exposure to Class B central business district office CRE Office - Maturity Schedule $269 $171 $125 $74 $64 $156 $53 $42 $24 $41 $39 $39 $23 $15 $- $- 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Slide 16: Multifamily Loan Portfolio: Income Producing Detail
Multifamily Loan Portfolio: Income Producing Detail Inc Producing Multi-Family - Maturity Schedule $251 (in millions) $170 $177 $119 $90 $14 $15 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 2027 2028+ 1 – LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on mo
Slide 17: Loan Mix and Trend
Loan Mix and Trend Home Equity Other Consumer Construction C&I (owner-occupied) Construction – comm& residential. Owner-Occupied CRE Commercial Income producing CRE (excluding office if applicable) Office 17
Slide 18: Loan Type and Classification
Loan Type and Classification Classified and Criticized Loans Quarter-over-Quarter Change 86% 82% 69% 74% 74% % performing Special Mention 11.34% • C&I -$27.9 million 9.49% 9.76% 8.95% 8.46% • CRE -$71.8 million $875 $756 $775 $716 $671 $173 Substandard • C&I -$5.5 million (in millions) $273 $308 $36
Slide 19: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses/ Loans HFI 2.38% $138,159 (in thousands) 1.63% 1.40% 1.44% 1.33% $26,255 $8,959 $10,094 $12,132 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 NCO / Average Loans1 NPAs2 / Assets 4.22% 2.16% 1.90% 1.
Slide 20: Appendix
Appendix
Slide 21: Summary of Nonaccrual Loans above $10M
Summary of Nonaccrual Loans above $10M Note: Data as of June 30, 2025 21
Slide 22: Nonaccrual Loans
Nonaccrual Loans Credit Resolution Highlights • Continued disciplined execution of workout strategies drove meaningful credit actions, including restructures, charge-offs, and an asset sale. • $60.0 million of loans returned to accrual status reflects tangible progress on resolution efforts, includi
Slide 23: Summary of Classified and Criticized Loans
Summary of Classified and Criticized Loans 1 - Loan collateral is a project that is either recently completed and in lease up, not yet stabilized, under development, or in process of conversion 2 - LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on m
Slide 24: Top 25 Loans
Top 25 Loans 1 – Mixed collateral commercial real estate 2 – Construction in process 3 - 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 ass
Slide 25: Total CRE Office Loan Portfolio
Total CRE Office Loan Portfolio (Excludes OOCRE & OO Construction) Trend in Balance1 and % of CET1 Capital $1,000.0 $976.3 80.0% $950.1 $955.1 $950.0 75.0% $898.7 $889.0 $900.0 (in millions) $865.5 $864.0 $849.3 $821.2 70.0% $850.0 63.5% 65.0% $800.0 $750.0 60.0% $700.0 55.0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 26: Washington DC Office
Washington DC Office (Income Producing CRE & Construction) • $230.3 Million Total Outstanding Balance o 11 Income Producing CRE = $226.7 million o 1 Income Producing Construction CRE loan = $3.6 million o 12 Total Washington DC Office Loans Median size = $12.5 million Average size = $19.2 millio
Slide 27: Multifamily Loan Portfolio
Multifamily Loan Portfolio • 1 Multifamily Loan on Nonaccrual Status • 85 Total Multifamily Loans • $1.8 Billion in Outstanding Balances with Multifamily as Collateral o Median size = $7.5 million o Average size = $21.1 million • 71 Loans with $1.6 Billion in Balances with Average Risk Rating = Pass
Slide 28: CRE Construction Portfolio
CRE Construction Portfolio • $1.14 Billion Total Outstanding Balance: o 63 CRE Ground Up Construction $1,021.8 million o 15 CRE Renovation $111.9 million o 5 Consumer Construction $ 4.5 million o 83 Total Construction Loans Median size = $2.0 million Average size = $13.7 million • 73 Loans Risk
Slide 29: Investment Portfolio
Investment Portfolio Investment Portfolio Strategy • Portfolio positioned to manage liquidity and pledging needs • Cash flow projected principal only (rates unchanged): o Remainder of 2025 - $216 million • Total securities down $66 million from 3/31/2025 from principal paydowns, maturities received.
Slide 30: Tangible Book Value Per Share
Tangible Book Value Per Share Per share data is as of period end. Please refer to Non-GAAP reconciliation and footnotes in the appendices 30
Slide 31: Loan Portfolio - Details
Loan Portfolio - Details Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of June 30, 2025. 31
Slide 32: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of June 30, 2025. 32
Slide 33: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of June 30, 2025. 33
Slide 34: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) 34
Slide 35: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) 35
Slide 36: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) 36
Slide 37: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) Tangible common equity to tangible assets (the "tangible common equity ratio"), tangible book value per common share, tangible book value per common share excluding accumulated other comprehensive income (“AOCI”), and the return on average tangible common equity a