Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Q1 2026 Earnings Presentation
38 slides from Eagle Bancorp's earnings presentation, Apr 23, 2026
Slide 1: 1st Quarter 2026 Earnings Presentation
1st Quarter 2026 Earnings Presentation April 22, 2026 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 $ 9.95 6.9 8.6 1.1 $ $ $ billion billion billion billion 1 Shares Outstanding Market Capitalization Tangible Book Value (at close March 31, 2026) (at close April 21, 2026) per Common Share 30,494,659 $949 million $ 37.5
Slide 5: Core Strengths Supporting Long-Term Performance
Core Strengths Supporting Long-Term Performance • Best-in-Class Capital Levels o CET1 Ratio = 13.80% Top third of all bank holding companies with $10 billion in assets or more. o TCE / TA¹ = 11.51% o ACL / Gross Loans = 2.12% and ACL / Performing Office Loans = 7.39% • Long-term Strategy to Improve
Slide 6: Strategic Initiatives to Enhance Profitability
Strategic Initiatives to Enhance Profitability Relationships FIRST Optimize Strengthen Capitalize on & Diversify Deposits & Invest in our Market Loans and Funding Innovation Positioning Securities Profile Operational Excellence Optimize & Diversify Loans and Securities - Expand and rebalance the loa
Slide 7: Eagle – Capital Levels vs. Peers
Eagle – Capital Levels vs. Peers Strong Capital • Capital ratios are high relative to peers • Excess CET1 (9%) plus reserves provides a superior level of coverage when measured against our peers CET1 Ratio Excess CET1 + ACL / Total Tangible Common Equity / Loans Tangible Assets1 Peer 1 15.89% Peer 2
Slide 8: Performance Measures
Performance Measures Return on Average Tangible Return on Average Assets Common Equity1 0.53% 5.09% 0.06% 0.55% -0.08% -0.85% -2.33% -2.31% -22.35% -22.66% 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 Efficiency Ratio1 Tangible Common Equity/Tangible Assets1 86.80% 11.00% 11
Slide 9: Net Interest Income
Net Interest Income Net Interest Income & Margin $100.0 2.90% NII and NIM Increase $80.0 $65.6 $67.8 $68.2 $68.3 $63.7 2.70% Net Interest Income $60.0 (in millions) 2.43% 2.47% • Net interest income decreased $4.6 million quarter $40.0 2.37% 2.38% 2.50% 2.28% over quarter partially driven by declini
Slide 10: Net Income Drivers
Net Income Drivers Net Income – Summary Net Interest Income Net interest income decreased by $4.6 million, Drivers of Net Income Change primarily driven by accelerated loan payoffs as well as a reduction in cash and due from balances $20,397 during the quarter. This lower interest income was offset
Slide 11: 2026 Outlook
2026 Outlook Current 2026 Implied 2026 1Q 2026 2025 Full Year Key Drivers Growth Full Year Actual & Notes Actual (Basis) Assumption1 Range Tracking Balance Sheet2 Average deposits $10,590 4-7% decrease3 $9,849 - $9,652 $10,166 Below Range Average loans $7,338 4-6% decrease $6,898 - $7,112 $7,045 Abo
Slide 12: Deposit Mix and Trend
Deposit Mix and Trend Total Period End Deposits down $685.8 million YoY $9,277 $9,464 $9,120 $9,134 $8,591 34% 34% 33% 38% 33% CDs (in millions) Savings & Money 39% 36% 39% 40% 38% Market 10% 9% 10% 11% 12% Interest Bearing Transaction 17% 17% 17% 16% 17% Noninterest Bearing 2025 Q1 2025 Q2 2025 Q3
Slide 13: Funding & Liquidity
Funding & Liquidity Robust Liquidity Coverage of Uninsured Deposits $4,337 Funding & Liquidity Summary Deposits $2,215 Average deposits decreased $840.5 million for the quarter primarily attributable to lower balances in savings and money market accounts compared to the previous quarter. The long-te
Slide 14: Loan Mix and Trend
Loan Mix and Trend Total Period End Loans down $1.0 billion YoY Home Equity Other Consumer $7,943 $7,722 Construction C&I $7,305 $7,280 $6,939 (owner-occupied) 15% 16% 14% 11% Construction – 9% comm. & residential 18% 18% 21% 23% 24% Owner-Occupied CRE (in millions) 15% 16% 17% 18% 21% Commercial 39
Slide 15: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses / Loans HFI 2.38% 2.14% 2.19% 2.12% $138,159 (in thousands) $113,215 1.63% $26,255 $15,468 $13,382 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 NCO / Average Loans1 NPAs 1,2 / Assets 7.36% 2.16% 1.
Slide 16: Criticized and Classified Trend
Criticized and Classified Trend 88.0% 91.0% 85.0% 86.0% 86.0% % Performing1 82.0% 74.0% 74.0% 89.8% 69.0% 74.6% % of Tier 1 70.6% 67.3% Capital2 55.9% 57.9% 15.0% 54.1% $1,200 47.4% 49.0% 11.8% 10.8% 11.4% 9.5% 9.9% $1,096 % of Loans3 9.0% 8.5% 7.9% $1,000 $136 $913 $874 $38 $790 $91 $794 $800 $756
Slide 17: Criticized and Classified Changes
Criticized and Classified Changes Criticized and Classified Migration $159,872 $(25,497) $874,028 $(95,803) $794,133 $(94,555) $(23,912) (in thousands) 12/31/2025 Downgrades Upgrades HFS Sold Payoffs Charge-offs1 3/31/2026 Trends • Criticized and classified trends continued to decline in the first q
Slide 18: Held for Sale Changes
Held for Sale Changes HFS Migration $111,800 (in thousands) $90,650 $55,702 $(143,815) $(2,933) 12/31/2025 HFS Inflows Sales Valuation Adjustment 03/31/2026 HFS Trends • Inflows during the quarter included three new relationships, which also enabled the strategic exit of a fourth relationship. • Of
Slide 19: Office Loan Portfolio Detail
Office Loan Portfolio Detail Inc Producing Office Holdings Declined $275.6 million Year-over-Year As of March 31, 2026 Excess CET1+ACL/ $ in millions As a % of CRE Office Inc Producing Office Loans In Central Balance Avg. Size Criticized and Business District Peer 1 212% Class Type1 (in millions) #
Slide 20: Inc Producing Office Credit Risk Identification and Reduction
Inc Producing Office Credit Risk Identification and Reduction Income-Producing Office Portfolio Reduction Drivers $976 $(188) (in milions) $(82) $574 $(132) $60 in Reserves 6/30/2023 Charge-Offs Transferred to Held for Sale Paydowns 3/31/2026 • Cycle to date charge offs, transfers to held for sale,
Slide 21: Office Loan Portfolio: Income Producing Detail
Office Loan Portfolio: Income Producing Detail Refresh of appraisal values is CRE Office - Maturity Schedule triggered on upcoming maturity or modification, collateral dependency under ASC 326, or downgrade to $161 substandard or worse. $145 $108 $107 $36 $17 $53 $10 $20 $20 2026 Q2 2026 Q3 2026 Q4
Slide 22: Multifamily Loan Portfolio: Income Producing Detail
Multifamily Loan Portfolio: Income Producing Detail Inc Producing Multi-Family - Maturity % of Inc Producing Schedule ($ in millions) Multi-Family $255.6 $258.4 Total CRE Balance $760.8 # of Loans 37 (in millions) Avg Size 20.6 $152.7 Median Size 11.5 $60.1 Pass $560 73.6% $29.1 Criticized & Classif
Slide 23: Appendix
Appendix
Slide 24: Total CRE Office Loan Portfolio
Total CRE Office Loan Portfolio (Excludes OOCRE & OO Construction) Trend in Balance and % of CET1 Capital Central Business District of DC $1,200 100.0% 10.39% $976 $950 $955 $1,000 $899 $889 $865 $864 $849 80.0% $821 Washington DC Virginia (in millions) $800 13.43% $602 $577 $574 60.0% 44.84% $600 4
Slide 25: Nonaccrual Loans
Nonaccrual Loans Drivers of Non-Accrual Loans Change $61,627 $(4,716) $(16,827) $128,761 $(18,220) $106,897 $- (in thousands) Return to Accruing Paydowns Transferred to Held for Sale 12/31/2025 Inflows Charge-offs 3/31/2026 Credit Resolution Highlights • Period end non-accrual loans increased by $21
Slide 26: Summary of Nonaccrual Relationships above $5M
Summary of Nonaccrual Relationships above $5M Loan Purpose - Location Balance ($000s) % Total NPLs 1 Office - Washington DC $36,545 28.4% 2 Office - Fairfax 18,502 14.4% 3 Multifamily - Washington DC 15,157 11.8% 4 UCC1 Blanket Lien - Baltimore 9,539 7.4% 5 Multifamily - Washington DC 7,423 5.8% 6 L
Slide 27: Summary of Classified and Criticized Loans above $10M
Summary of Classified and Criticized Loans above $10M Over $10 All Special Mention and Substandard Loans million # of 03/31/2026 Average Median # of 03/31/2026 % of Risk Rating Loans Balance Size Size Loans Balance Total QoQ Δ Special Mention Loans 29 $290,827 $10,029 $3,149 10 $259,289 89% New Subs
Slide 28: Top Loans
Top 25 Loans Collateral Balance % Total Risk Maturity Amount Appraisal Latest Rate Fixed / Non Collateral Type Loan Type Location ($000s) Loans Rating Date ($000s) Date LTV2 (%) Variable Accrual? 1 Apartment Building with Retail/Commercial Space Construction CRE Montgomery $94,000 1.4% Pass 12/23/20
Slide 29: Commercial & Industrial Summary
Commercial & Industrial Summary Loans2 $3,500 $3,049 $3,207 60% $3,000 $2,733 $2,602 $2,665 $2,643 $2,746 $2,531 $2,556 46% $2,500 Recent Growth (in millions) 40% $2,000 Since sharpening our focus on C&I in 4Q24, $1,500 we’ve accelerated portfolio rotation toward 20% higher-value, relationship-drive
Slide 30: C&I and CRE Comparison
C&I and CRE Comparison Loan Composition1 Loans 1% 1% $8,000 1% 1% C&I and CRE account for 99% of the Bank’s 1% $6.9 billion in loans HFI at 03/31/2026. $6,000 As of 03/31/2026, C&I loans have increased 65% $541.6 million YoY due to strong pipeline (in millions) 65% 61% 57% 53% $4,000 activity and ad
Slide 31: Investment Portfolio
Investment Portfolio Agency CMBS Investment Portfolio Strategy 8% • Portfolio remains well-positioned to meet anticipated liquidity requirements. Municipal 6% • Projected cash flow (principal only, assuming unchanged interest rates): Agency MBS Corporate 61% o 2026 - $195 million 7% • Total securiti
Slide 32: Tangible Book Value Per Share
Tangible Book Value Per Share $0.48 $- $0.03 $37.56 $37.26 $(0.01) $(0.20) 12/31/2025 TBVPS Net Income Dividend Intangibles Stock Based AOCI 03/31/2025 TBVPS Comp/ESPP $40.59 $38.97 $39.08 $37.26 $37.56 $35.74 $35.86 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2026 Q1 TBVPS Per share data is as of period en
Slide 33: Loan Portfolio - Details
Loan Portfolio - Details $ in millions Owner Income Owner % of Occupied Producing Occupied CRE Residential Total Location C&I CRE CRE Const. Construction Land Mortgage Consumer TOTAL Loans Washington DC $264.7 $393.9 $1,032.3 $2.9 $95.2 $30.6 $12.1 $12.9 $1,844.6 26.6% Suburban Washington Montgomery
Slide 34: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE $ in millions Single/1-4 Family & Hotel/ Res. % of Total Location Motel Industrial Mixed Use Multi- family Office Retail Condo Other TOTAL Loans Washington DC $134.1 $0.8 $99.9 $343.9 $136.6 $61.0 $56.6 $199.4 $1,032.3 14.9% Suburban Washington Montgomery - 14.4
Slide 35: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction $ in millions Single & 1-4 Multi Residential % of Total Location Family family Office Hotel/Motel Mixed Use Retail Condo Other TOTAL Loans Washington DC $8.1 $54.3 $3.6 $16.5 $0.0 $0.0 $6.6 $6.1 $95.2 1.4% Suburban Washington Montgomery 12.5 181.2 - - - - - - 193.7
Slide 36: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) $ in thousands, except per share data As of Period End 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 Tangible common equity Common shareholders' equity $1,244,891 $1,185,067 $1,123,476 $1,131,283 $1,145,277 Less: Intangible assets (11) (9) - - - Tangible common equity $
Slide 37: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) $ in thousands 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 Efficiency Ratio Net interest income $70,794 $65,649 $67,776 $68,159 $68,303 $63,694 Noninterest income 4,067 8,207 6,414 2,495 12,192 12,708 Operating Revenue $74,861 $73,856 $74,190 $70,654 $80,495 $
Slide 38: 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