Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Investor Presentation (October 2010)
42 slides from Eagle Bancorp's investor presentation, Oct 25, 2010
Slide 1: Eagle Bancorp (EGBN)
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: History of Growth
History of Growth
Slide 4: Summary Statistics - September 30, 2010
Summary Statistics - September 30, 2010
Slide 5: Company Overview
Company Overview
Slide 6: EagleBank Locations
EagleBank Locations Tyson's Corner Montgomery County Prince George’s County Alexandria Arlington Fairfax County Loudoun County Washington, DC Reston
Slide 7: 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 - Re
Slide 8: Why Invest in EGBN?
Why Invest in EGBN?
Slide 9: Financial Indicators - Regional Peer Analysis
Financial Indicators - Regional Peer Analysis 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 at all reporting periods shown above. (1)
Slide 10: Financial Indicators - Local Peer Analysis
Financial Indicators - Local Peer Analysis Note: Local peers in the Washington D.C. metro area: Access National Bank, Alliance Bank Corp., Cardinal Bank, Community Bank of Tri-County, Frederick County Bank, Sandy Spring Bank and Virginia Commerce Bank. Source: SNL Financial
Slide 11: 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. EagleBa
Slide 12: Net Income
Net 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 net income or loss for all reporting periods shown above. EagleBank’s CAGR is t
Slide 13: 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 14: EGBN Stock Price Performance
EGBN Stock Price Performance Source : SNL Financial
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: Geographic Detail of Loan Portfolio
Geographic Detail of Loan Portfolio Note: At September 30, 2010
Slide 17: Detail of Loan Portfolio
Detail of Loan Portfolio Construction Loans by Type Income Producing CRE by Type
Slide 18: Credit Quality
| Credit Quality 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 $s - $ ws - S$ - S$ - S$ - $ -~ $ - Nonacerual 25,457 35,585 30,993 22,775 22,024 20,977 24,026 23,372 Restructured Loans - = - + - = 1297 1,289 ‘T
Slide 19: Deposit Composition
(Dota Vln hoasends) Lecco penta iesnnannsne abt, CSC Deposit Type %ot Sot %ot Balance Total Balance Total Babee Total % % Noninterest Bearing S 233,994 17.6% S$ 307,959 21.1% S$ 380,167 23.1% 0% 312% Interest Bearing Transaction 55490 4.2% 59,720 4.1% O72 3.8% 13.0% 6.7% Savings & Money Market 475,1
Slide 20: Superior Relationships/Net Interest Margin
Superior Relationships/Net Interest Margin Note: Regional peers includes publicly-traded commercial banks with Assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware who reported net interest margin for all periods shown abo
Slide 21: Market Information - Washington, DC
Market Information -Washington, DC Metropolitan Statistical Area
Slide 22: Greater Washington Economy
Greater Washington Economy Note: Other includes Health/Education, Media Source: George Mason University, Center for Regional Analysis
Slide 23: Deposit market share in Washington, DC area
Note: Shaded companies in grey denote those companies headquartered outside of Washington, D.C. Metro Area. Data excludes: E*Trade and UNIFI Mutual Holding Company whose deposits are substantially from outside of the defined market area. Source: FDIC, as of June 30, 2010
Slide 24: EagleBank Deposit Market Share
EagleBank Deposit Market Share
Slide 25: Capital ratios and total assets
Cree en ria | Total Assets S 1457545 S$ 1496827 $ 1,682,773 $1,805,504 $1,832,991 $1,937,265 $2,006,146 Total Capital S 100,593 $ 142,371 $ 201,516 $ 188,321 S 192465 $ 196,743 $ 202,301 Tier I Leverage Ratio 8.19% 9.22% 11.68% 10.29% 10.00% 9.84% 9.66% ‘Tier I Risk Based Capital Ratio 755% 9.78% 13
Slide 26: Looking Ahead
Looking Ahead
Slide 27: Minimal Impact from Dodd-Frank
Minimal Impact from Dodd-Frank Regulatory Reform
Slide 28: Appendices
Appendices
Slide 29: Loan Type Detail
(int Shes) Loan Type Bunce _%of Tota Baknoe _%of Tota Baines _%ofToal % % Conmerciland Iniutial $329,316 250% © $350614 25.1% = 38RD «SAN 119% 143% ‘Conmeri Real Estate: Owner Occupied 199.702 144% 9678 41% 21008 13.7% 10.7% 9.0% Income Producing 45117 343% 500105 35.7% S198 375% 210% 196% tant 1546
Slide 30: Loan Portfolio by Risk Rating
Loan Portfolio by Risk Rating
Slide 31: Nonperforming assets by geography (Dollar Values in Thousands)
(Dollar Values in Thousands) Maryland Montgomery Prine Geor's Other MD Washington DC — Alexandria Arnon Faia Loudoun Prine Wiliam, Otter VA, Other USA “Total S isn s a rr s S 1B S$ 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 Composition
/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: Proven Acquisition Capabilities
Proven Acquisition Capabilities
Slide 35: Fidelity & Trust Acquisition
Fidelity & Trust Acquisition
Slide 36: 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 of
Slide 37: 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 12 years. She previously served as Executive Vice
Slide 38: Experienced Management Team
Experienced Management Team Martha Foulon - Tonat, EVP, Chief Lending Officer Ms. Foulon-Tonat is one of the founding officers and has been with EagleBank for 12 years. She previously served at Allegiance Bank from January 1990 to December 1997. She was Senior Vice President and Chief Lending Office
Slide 39: Historical Balance Sheet
| Historical Balance Sheet (Petia tl to hands) _ 2008 ites nok 200) tae (Cohan gots Suge sua sue sony sta Sorin Ava re ‘050 9007 2se 305% Tol Cahind Sewiis Tonnies Ta 0737 sa aR ros toms tt oa sm 76626560 Lao tan Las Reeves sos 7a gos aos amo T2 as Hd fr Se aye ais) ama S80) Tot Net Lae eit eo Te aw
Slide 40: Historical Quarterly Balance Sheet
Historical Quarterly Balance Sheet
Slide 41: 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 42: 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