Eagle Bancorp, Inc. · NASDAQ:EGBN
Eagle Bancorp — Q3 2026 Earnings Presentation
31 slides from Eagle Bancorp's earnings presentation, Oct 21, 2026
Slide 1: Third Quarter 2026 Earnings Presentation
Third Quarter 2026 Earnings Presentation Scan for digital October 21, 2026 version EagleBankCorp.com
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward looking statements within the meaning of the Securities 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 reg
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: NIM Expands for Third Straight Quarter; Net Income Up $17.3 Million
NIM Expands for Third Straight Quarter; Net Income Up $17.3 Million Key Metric 2026Q2 2026Q3 QoQ Δ Margin & Funding Net interest income ($M) $62.4 $61.3 (1.7%) NIM expanded 8 bps to 2.60% as high-cost Noninterest income ($M) $10.8 $9.6 (11.1%) deposit runoff lowered the cost of funds to 2.75%. Nonin
Slide 5: A Disciplined Three Phase Plan to Build a Premium Franchise
A Disciplined Three Phase Plan to Build a Premium Franchise Sequencing credit normalization, balance sheet stability, and durable growth Phase 1 Phase 2 Phase 3 Resolve & De-risk Stabilize & Rebuild Scale & Compound Address legacy credit Establish a stronger Translate franchise capacity issues with
Slide 6: Capital Builds 41 bps Quarter-over-Quarter to 14.99%
Capital Builds 41 bps Quarter-over-Quarter to 14.99% A modest reduction in risk-weighted assets supports additional capital growth. Excess CET1 + ACL / Total Tangible Common Equity / CET1 Ratio Loans Tangible Assets1 EGBN 14.99% Peer 1 10.28% EGBN 12.24% Peer 1 14.73% EGBN 9.22% Peer 1 11.04% Peer 2
Slide 7: NIM Expansion Continues Amid Lower Net Interest Income
NIM Expansion Continues Amid Lower Net Interest Income Net Interest Income & Margin $100.0 Net Interest Income $80.0 $68.2 $68.3 $63.7 $62.4 $61.3 3.10% Net interest income decreased $1.0 million quarter $60.0 (in millions) over quarter driven by declining average interest- 2.60% $40.0 2.47% 2.52% e
Slide 8: $18.6 Million Lower Provision Expense Drives Net Income to $24.2 Million
$18.6 Million Lower Provision Expense Drives Net Income to $24.2 Million Drivers of Net Income Change Net Interest Income Net interest income decreased by $1.0 million, $18,639 $2,051 $4,000 $24,246 primarily driven by continued loan payoffs resulting in $(2) $(950) $(245) a lower average interest-e
Slide 9: 2026 & 2027 Outlook
2026 & 2027 Outlook Growth vs 2026Q3 Key Drivers 2026Q3 Actual 2026Q4 Outlook FY2027 Outlook Actual2 Balance Sheet1 Average deposits $8,577 $8,713 - $9,160 4.2% increase $8,546 - $9,470 Average loans $6,524 $6,681 - $7,023 5.0% increase $6,938 - $7,668 Average earning assets $9,367 $9,670 - $10,180
Slide 10: Continued Reduction of High-Cost Brokered Deposits
Continued Reduction of High-Cost Brokered Deposits $9,464 $9,134 $8,591 $8,185 $8,034 34% 33% 33% 32% 35% Time (in millions) 39% 40% 38% 37% 35% Savings & Money Market 10% 11% 11% 12% 11% Interest Bearing Transaction 17% 16% 17% 19% 19% Noninterest Bearing 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 Period E
Slide 11: Loan Payoffs Decelerate Toward Balance Sheet Stability
Loan Payoffs Decelerate Toward Balance Sheet Stability Total Period End Loans Down $741.3 million Year-over-Year Home Equity, Other Consumer Construction C&I (owner-occupied) $7,305 $7,280 $6,939 Residential Mortgage $6,622 $6,563 14% 11% 9% Construction – comm. & 8% 8% 23% residential 21% 24% (in m
Slide 12: Asset Quality Metrics
Asset Quality Metrics Provision for Credit Losses Allowance for Credit Losses / Loans HFI 2.19% 2.14% 2.12% (in thousands) $113,215 1.83% 1.84% $15,468 $21,448 $13,382 $2,809 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 2025Q3 2025Q4 2026Q1 2026Q2 2026Q3 NCO / Average Loans1 NPAs1,2 / Assets 7.36% 1.75% 1.31%
Slide 13: Downgrades Decline 74% QoQ as HFS Inflows Fall to Zero
Downgrades Decline 74% QoQ as HFS Inflows Fall to Zero Criticized and Classified Migration1 $55,741 (in thousands) $759,588 $(40,650) $(10,594) $(1,500) $648,381 $(107,797) $(6,407) 2026Q2 Downgrades Upgrades HFS Sold Valuation Allowance Payoffs Charge-offs 2026Q3 Trends • Inflows into criticized an
Slide 14: Criticized and Classified Balances at Two-Year Low
Criticized and Classified Balances at Two-Year Low 82.0% 88.0% 86.0% 82.5% 83.4% 69.0% 74.0% 74.0% 73.9% % Performing1 89.8% 70.6% 74.6% 67.4% 64.0% % of Tier 1 55.9% 57.9% 79.6% 53.5% Capital2 49.0% 65.7% 61.8% 59.9% 58.1% 51.7% 52.8% 48.6% 45.2% % of Tier 1 Capital + ACL3 15.0% 11.8% 12.0% 11.4% 1
Slide 15: Inc. Producing Office Portfolio Declines 46% Driven by Multi-faceted Approaches
1 Inc. Producing Office Portfolio Declines 46% Driven by Multi-faceted Approaches Income Producing Office Portfolio Reduction Drivers ($ in Millions) Total Income Producing Office Balance $523.5 % of Total Loans 8% $976 # of Loans 48 Avg Size $10.9 $(206) (in millions) $(82) Pass Rated 91.0% $524 Pe
Slide 16: Multifamily Exposure Reduced 17% QoQ Through Targeted, Controlled Attrition
Multifamily Exposure Reduced 17% QoQ Through Targeted, Controlled Attrition Income Producing Multifamily - Maturity Schedule % of Income Producing $265.7 ($ in Millions) Multifamily (in millions) Total Multifamily Balance $574.8 # of Loans 29 $126.5 Avg Size 19.8 Median Size 7.4 $66.3 $59.7 $53.7 Pa
Slide 17: Appendix
Appendix
Slide 18: Office Portfolio Detail
Office Portfolio Detail $659.3M $523.5M $47.3M 55 1 1.1 2 $69.2M Total CRE Office Income Producing Office Criticized and Classified Weighted LTV Weighted DSCR 2026 IPO Maturities (IPO) IPO (9.0%) (13.2%) CRE Office Composition & Credit ($ in millions) Income Producing Office – Maturity Schedule Crit
Slide 19: Increase in Non-accrual Balance Driven by a Single Multifamily Asset
Increase in Non-accrual Balance Driven by a Single Multifamily Asset Drivers of Non-accrual Change $73.7 $166.0 $(14.8) $(4.0) (in millions) $111.1 2026Q2 Inflows Paydowns Charge-offs 2026Q3 Non-accrual Relationships Above $5 Million1 Credit Resolution Highlights Balance ($ in Loan Purpose - Locatio
Slide 20: Summary of Criticized and Classified Loans Above $10M
Summary of Criticized and Classified Loans Above $10M Over $10 All Special Mention and Substandard Loans million # of 9/30/2026 Average Median # of 9/30/2026 % of Risk Rating Loans Balance Size Size Loans Balance Total QoQ Δ Special Mention Loans 24 $195,087 $8,129 $1,280 6 $160,500 82% New Substand
Slide 21: Top 25 Loans Represent 24.3% of Total Loans
Top 25 Loans Represent 24.3% of Total Loans Appraisal 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
Slide 22: C&I Highlights: +20% YoY Loan Balances & +$101.5M Sequential Deposit Growth
C&I Highlights: +20% YoY Loan Balances & +$101.5M Sequential Deposit Growth Loans2 Recent Growth 20% Growth YoY Since sharpening our focus on C&I in 2024Q4, we’ve accelerated portfolio $3,500 $3,207 $3,290 $3,282 60% rotation toward higher-value, $3,049 $3,000 $2,665 $2,643 $2,746 relationship-drive
Slide 23: C&I Loans Remain Stable As CRE Balances Decline Further
C&I Loans Remain Stable As CRE Balances Decline Further Loan Composition1 Loans $8,000 C&I and CRE account for 97% of the 1% 1% 1% Bank’s $6.6 billion in loans HFI at 1% 3% 09/30/2026. $6,000 Performance through September 30, (in millions) 61% 57% 53% 49% 47% 2026, highlights a shifting mix, with C&
Slide 24: Strong Liquidity Profile Covers 195% of Uninsured Deposits
Strong Liquidity Profile Covers 195% of Uninsured Deposits Robust Liquidity Coverage of Uninsured Deposits Funding & Liquidity Summary $4,713 Deposits The long-term strategy for deposits is to increase core deposits and reduce (in millions) $2,415 reliance on wholesale funding. Digital deposit growt
Slide 25: Investment Portfolio: Continued Run-off with Optionality Ahead
Investment Portfolio: Continued Run-off with Optionality Ahead Investment Portfolio Composition Investment Portfolio Strategy Agency CMBS, 8% • Projected principal cash flow of $61 million for the remainder of 2026. Municipal, 10% • Total securities balance decreased by $30.0 million since June 30,
Slide 26: Recent TBVPS Expansion Driven by Retained Earnings
Recent TBVPS Expansion Driven by Retained Earnings $0.80 $0.11 $(0.01) $38.00 $37.73 $(0.63) 2026Q2 TBVPS Net Income Dividend Stock Based AOCI 2026Q3 TBVPS Comp/ESPP Tangible Book Value per Share – 1% CAGR1 $40.59 $38.97 $39.08 $37.73 $38.00 $37.26 $37.56 $35.74 $35.86 2020Y 2021Y 2022Y 2023Y 2024Y
Slide 27: 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 $216.9 $297.6 $944.3 $65.0 $85.9 $30.6 $11.0 $11.5 $1,662.8 25.3% Suburban Washington Montgomery
Slide 28: Loan Portfolio – Income Producing CRE
Loan Portfolio – Income Producing CRE $ in millions Single/1-4 Family & % of Total Location Hotel/Motel Industrial Mixed Use Multifamily Office Retail Res. Condo Other TOTAL Loans Washington DC $146.0 $0.8 $109.7 $260.5 $147.4 $51.2 $51.3 $177.4 $944.3 14.4% Suburban Washington Montgomery - 9.7 35.4
Slide 29: Loan Portfolio – CRE Construction
Loan Portfolio – CRE Construction $ in millions Single & 1-4 Residential % of Total Location Family Multifamily Office Hotel/Motel Mixed Use Retail Condo Other TOTAL Loans Washington DC $8.1 $51.5 $3.4 $16.6 $0.0 $0.0 $0.0 $6.3 $85.9 1.3% Suburban Washington Montgomery 10.4 182.5 - - - - - - 192.9 2
Slide 30: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) $ in thousands, except per share data 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Tangible common equity Common shareholders' equity $1,123,476 $1,131,283 $1,145,277 $1,150,506 $1,158,401 Less: Intangible assets - - - - - Tangible common equity $1,123,476 $1,131,283 $
Slide 31: Non-GAAP Reconciliation (Unaudited)
Non-GAAP Reconciliation (Unaudited) Tangible common equity, tangible common equity to tangible assets (the "tangible common equity ratio"), tangible book value per common share, average tangible common equity, and the annualized return on average tangible common equity are non-GAAP financial measure