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Last $40.57 USD
Change Today +0.07 / 0.17%
Volume 181.9K
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

eagle bancorp inc (EGBN) Snapshot

Open
$40.38
Previous Close
$40.50
Day High
$40.65
Day Low
$40.27
52 Week High
05/22/15 - $40.65
52 Week Low
10/15/14 - $30.94
Market Cap
1.4B
Average Volume 10 Days
149.4K
EPS TTM
$2.24
Shares Outstanding
33.4M
EX-Date
07/25/08
P/E TM
18.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for EAGLE BANCORP INC (EGBN)

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eagle bancorp inc (EGBN) Details

Eagle Bancorp, Inc. operates as a bank holding company for EagleBank that provides commercial and consumer banking services in the United States. The company’s deposits products include checking accounts, NOW accounts, tiered savings and money market account, time deposits, and individual retirement accounts, as well as investment sweep accounts. It also offers commercial and consumer lending products for various business and personal purposes, including commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans. In addition, the company offers on-line and mobile banking services; and other services, such as cash management services, business sweep accounts, lock boxes, remote deposit captures, account reconciliation services, merchant card services, safety deposit boxes, and automated clearing house origination, as well as after-hours depositories and ATM services. Further, it provides commercial and retail insurance products through a referral arrangement. The company serves sole proprietors; small, medium, and large-sized businesses; partnerships; corporations; non-profit organizations and associations; and investors, as well as individuals. As of March 10, 2015, it served through 22 branch offices located in Montgomery County, Maryland; Washington, D.C.; and Northern Virginia. Eagle Bancorp, Inc. was founded in 1997 and is headquartered in Bethesda, Maryland.

422 Employees
Last Reported Date: 05/11/15
Founded in 1997

eagle bancorp inc (EGBN) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.2M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $560.4K
Executive Vice President, Chief Operations Of...
Total Annual Compensation: $672.4K
Chief Lending Officer - Commercial Real Estat...
Total Annual Compensation: $326.0K
Chief Credit Officer of EagleBank and Executi...
Total Annual Compensation: $471.4K
Compensation as of Fiscal Year 2014.

eagle bancorp inc (EGBN) Key Developments

Eagle Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Eagle Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $54.731 million compared to $40.007 million a year ago. Total interest income was $59.465 million against $42.837 million a year ago. Income before income tax expense was $31.152 million compared to $19.438 million a year ago. Net income was $19.418 million compared to $12.499 million a year ago. Net income available to common shareholders was $19.238 million or $0.61 per diluted share against $12.358 million or $0.47 per diluted share a year ago. Book value per common share was $20.11 compared to $13.62 at March 31, 2014. Tangible book value per common share was $16.82 compared to $13.49 at March 31, 2014. Driven by revenue growth and improved operating leverage, the return on average assets increased for the quarter to 1.49% compared to 1.36% a year ago. Return on average common equity was 13.24% compared to 14.38% a year ago. Revenue growth was driven by 37% growth in net interest income as compared to the first quarter of 2014. The strong level of net interest income is the result of pricing discipline and ALCO strategies as well as the continued growth in earning assets, which increased 38% over the same quarter of 2014. The company announced net charge-offs of $1.6 million in the first quarter of 2015 represented an annualized 0.15% of average loans, excluding loans held for sale, as compared to $837,000 or an annualized 0.11% of average loans, excluding loans held for sale, in the first quarter of 2014. Net charge-offs in the first quarter of 2015 were attributable primarily to commercial and industrial loans $947,000, home equity and other consumer $439,000, owner occupied-commercial real estate loans $317,000 offset by a recovery in land development and construction loans $95,000.

Eagle Bancorp, Inc. Proposes Amendment to the Articles of Incorporation

Eagle Bancorp, Inc. proposed to the AGM to be held on May 21, 2015, to approve an amendment to the company’s articles of incorporation to increase the number of authorized shares of common stock to 100,000,000.

Eagle Bancorp, Inc., Annual General Meeting, May 21, 2015

Eagle Bancorp, Inc., Annual General Meeting, May 21, 2015., at 10:00 US Eastern Standard Time. Location: The Bethesda Marriott Hotel. Agenda: To elect nine directors to serve until the 2016 annual meeting of shareholders and until their successors are duly elected and qualified; to consider and approve an amendment to the company’s articles of incorporation to increase the number of authorized shares of common stock to 100,000,000; to ratify the appointment of Stegman & Company as the company’s independent registered public accounting firm to audit the consolidated financial statements of the company for the year ended December 31, 2015; to vote on a non-binding advisory resolution approving the compensation of named executive officers; and to transact any other business that may properly come before the meeting or any adjournment or postponement of the meeting.

 

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EGBN:US $40.57 USD +0.07

EGBN Competitors

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Company Last Change
Independent Bank Corp/Rockland MA $45.14 USD +0.01
S&T Bancorp Inc $27.01 USD +0.09
Simmons First National Corp $43.39 USD -0.27
WesBanco Inc $31.74 USD -0.26
Westamerica Bancorporation $45.37 USD -0.16
View Industry Companies
 

Industry Analysis

EGBN

Industry Average

Valuation EGBN Industry Range
Price/Earnings 19.3x
Price/Sales 6.2x
Price/Book 2.0x
Price/Cash Flow 22.1x
TEV/Sales 3.6x
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