Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Q3 2025 Earnings Presentation
34 slides from Eagle Bancorp's earnings presentation, Oct 22, 2025
Slide 1: 3rd Quarter 2025 Earnings Presentation
3rd Quarter 2025 Earnings Presentation October 22, 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 September 30, 2025) (at close October 21, 2025) per Common Share 30,366,555 $591 million $37.00 2 1 Instit
Slide 5: Core Strengths Supporting Long-Term Performance
Core Strengths Supporting Long-Term Performance • Best-in-Class Capital Levels o CET1 Ratio = 13.58% Top quartile of all bank holding companies with $10 billion in assets or more o TCE / TA¹ = 10.39% o ACL / Gross Loans = 2.14% and ACL / Performing Office Loans = 11.36% • 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 Tangible Common Excess CET1 + ACL / Total Equity / Tangible Peer 1 17.0% Loans Peer 2 16.
Slide 8: Performance Measures
Performance Measures Return on Average Tangible Common Return on Average Assets Equity1 0.70% 0.48% 7.22% 0.06% 4.94% 0.55% -2.33% -2.31% -22.35% -22.66% 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 Efficiency Ratio Tangible Common 61.5% Equity/Tangible Assets1 59.5% 58.6% 5
Slide 9: Net Interest Income
Net Interest Income Net Interest Income & Margin $100.0 2.90% NII and NIM Increase $80.0 $71.8 $70.8 $67.8 $68.2 $65.6 Net Interest Income 2.70% $60.0 (in millions) 2.43% 2.50% • Net interest income increased $0.4 million quarter $40.0 2.37% 2.37% 2.29% 2.28% over quarter. $20.0 2.30% • Interest inc
Slide 10: Net Income – Summary
Net Income Drivers Net Income – Summary Net interest income Net interest income increased $0.4 million, primarily driven by lower funding costs on brokered time deposits and a reduction in average short-term borrowings, which outpaced lower interest income on loans. Provision for Credit Losses (“PCL
Slide 11: 2025 & 2026 Outlook
2025 & 2026 Outlook Key Drivers 3Q 2025 Actual Current 2025 Outlook1 Current 2026 Outlook2 Balance Sheet Average deposits $10,163 million 4-6% increase 1-4% decrease3 Average loans $7,648 million 3-5% decrease 1-3% decrease Average earning assets $11,138 million 7-9% decrease 5-7% decrease Income St
Slide 12: Deposit Mix and Trend
Deposit Mix and Trend Total Period End Deposits increased $923 million Year-over-Year CDs Savings & money market Interest bearing transaction Noninterest bearing Cost Analysis Deposits & Borrowings $9,889 $9,730 $9,876 $9,554 $9,269 8.85% 6.2 6.1% 1.6% 0.9% 13.6% % in millions 5.28% 5.75% 5.46% 5.03
Slide 13: Funding & Liquidity
Funding & Liquidity Robust Liquidity Coverage of Uninsured Deposits $5,344 Our available liquidity of $5.5 billion covers Funding & Liquidity Summary uninsured deposits of $2.3 billion by more than Deposits 230%. Average deposits decreased $62.9 million for the quarter, attributable to lower balance
Slide 14: 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 Note: Excludes loans held for sale. 14
Slide 15: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses/ Loans HFI 2.38% 2.14% $138,159 (in thousands) $113,215 1.63% 1.40% 1.44% $26,255 $10,094 $12,132 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 NCO / Average Loans1 NPAs1,2 / Assets 7.36% 2.16% 1.90
Slide 16: Loan Type and Classification
Loan Type and Classification Classified and Criticized Loans Quarter-over-Quarter Change 82% 69% 74% 74% 88% % performing Special Mention 13.14% • C&I +$5.3 million 11.34% • CRE +$245.1 million 9.49% 9.76% 8.46% $960 $875 $756 $775 Substandard $671 • C&I +$3.7 million (in millions) $173 $424 $273 •
Slide 17: Office Loan Portfolio Detail
Office Loan Portfolio Detail Excess CET1+ACL/ Inc Producing Office Holdings Declined $263 million Year-over-Year Inc Producing Office Loans As of September 30, 2025 Peer 1 162% Peer 2 115% Peer 3 106% Peer 4 106% Peer 5 101% EGBN 98% Peer 6 74% 1 - Class Type is determined based on the latest apprai
Slide 18: Office Loan Portfolio: Income Producing Detail
Office Loan Portfolio: Income Producing Detail Commentary • Performing Office ACL coverage = 11.36% • Limited exposure to Class B central business district office CRE Office - Maturity Schedule $269 $147 $74 $53 $113 $23 $17 $19 $29 $16 $23 $- $- $- 2025 Q4 2026 Q1 2026 Q2 2026 Q3 2026 Q4 2027 2028+
Slide 19: Inc Producing Office Credit Risk Identification and Reduction
Inc Producing Office Credit Risk Identification and Reduction Income-Producing Office Portfolio Reduction Drivers $976 $(187) (in milions) $(82) $602 $(106) $69 in Reserves 6/30/2023 Charge-Offs Transferred to Held for Sale Paydowns 9/30/2025 • Cycle to date charge offs, transfers to held for sale,
Slide 20: Multifamily Loan Portfolio: Income Producing Detail
Multifamily Loan Portfolio: Income Producing Detail Inc Producing Multi-Family - Maturity Schedule $407 (in millions) $189 $151 $90 2025 Q4 2026 2027 2028+ 1 – LTV is a factor considered in loan underwriting and periodic portfolio monitoring. LTVs are based on most recently appraised value, which do
Slide 21: Appendix
Appendix
Slide 22: Total CRE Office Loan Portfolio (Excludes OOCRE & OO Construction)
Total CRE Office Loan Portfolio (Excludes OOCRE & OO Construction) Trend in Balance and % of CET1 Capital $1,200 100.0% $976 $950 $955 90.0% $1,000 $899 $889 $865 $864 $849 80.0% $821 $800 70.0% $602 (in millions) 60.0% 49.3% $600 50.0% 40.0% $400 30.0% $200 20.0% 10.0% $0 0.0% Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 23: Nonaccrual Loans
Nonaccrual Loans Credit Resolution Highlights • Of the $212 million inflow, $160 million was still performing as of June 30, 2025, but was moved to held-for-sale during the quarter and therefore not included in the September 30, 2025 nonaccrual total. Of those loans, $99 million was charged off. • $
Slide 24: Summary of Nonaccrual Loans above $5M
Summary of Nonaccrual Loans above $5M Note: Data as of September 30, 2025 and excludes loans held for sale. 24
Slide 25: Summary of Classified and Criticized Loans above $10M
Summary of Classified and Criticized Loans above $10M 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
Slide 26: 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 27: 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 - $120 million o 2026 - $250 million • Total securities down $134 million from 6/30/2025 from sold securities,
Slide 28: 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 28
Slide 29: Loan Portfolio - Details
Loan Portfolio - Details Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of September 30, 2025. 29
Slide 30: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of September 30, 2025. 30
Slide 31: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction Note: Loan metrics not inclusive of deferrals, fees and other adjustments. Data as of September 30, 2025. 31
Slide 32: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) 32
Slide 33: Non-GAAP Reconciliation (unaudited)
Non-GAAP Reconciliation (unaudited) 33
Slide 34: 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