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Company Description

Contact Info

7830 Old Georgetown Road

Third Floor

Bethesda, MD 20814

United States

Phone: 301-986-1800

Fax:

Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides various commercial and consumer lending products to small, medium and large-sized businesses, as well as to individuals. The company has one direct non-banking subsidiary, Eagle Commercial Ventures, LLC, which provides subordinated financing for the acquisition, development and construction of real estate projects. The company operates 21 banking offices, such as 7 in Montgomery County, Maryland; 5 located in the District of Columbia; and 9 in Northern Virginia. The bank has two active direct subsidiaries, such as Bethesda Leasing, LLC and Eagle Insurance Services, LLC. Bethesda Leasing, LLC holds title to and operates real estate owned and acquired through foreclosure. Eagle Insurance Services, LLC facilitates the placement of commercial and retail insurance products through a referral arrangement with The Meltzer Group, an insurance brokerage within the company's market area. Services The company offers a range of commercial banking services to its business and professional clients, as well as complete consumer banking services to individuals living or working in the service area. The company emphasizes providing commercial banking services to sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near its primary service area. A range of retail banking services is offered to accommodate the individual needs of both corporate customers, as well as the community that the company serves. The company also offers online banking, mobile banking and a remote deposit service, which allows clients to facilitate and expedite deposit transactions through the use of electronic devices. The company provides various commercial and consumer lending products to small, medium and large-sized businesses and to individuals for various business and personal purposes, including commercial loans for various business purposes, such as for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing (on a limited basis); 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 offered through an outside vendor; and residential mortgage loans. The company maintains a loan portfolio consisting primarily of traditional business and real estate secured loans, with a major portion having variable and adjustable rates, and where the cash flow of the borrower/borrower's business is the principal source of debt service with a secondary emphasis on collateral. Real estate loans are made generally for commercial purposes and are structured using both variable and fixed rates and renegotiable rates, which adjust in 3 to 5 years, with maturities of 5 to 10 years. The company’s consumer loans portfolio includes two loan types, such as home equity lines of credit that are structured with an interest only draw period followed either by a balloon maturity or an amortized repayment schedule; and first lien residential mortgage loans, although the company’s general practice is to sell conforming first trust loans on a servicing released basis to third party investors. The company has also developed expertise and commitment as a Small Business Administration (SBA) lender. The company is an approved SBA lender. As a preferred lender under the SBA's Preferred Lender Program, the company could originate certain SBA loans in-house without prior SBA approval. SBA loans are made through programs designed by the federal government to assist the small business community in obtaining financing from financial institutions that are given government guarantees as an incentive to make the loans. To the extent, the company makes fixed rate loans or variable rate loans with fixed rate floors. The company is also an active traditional commercial lender providing loans for various purp

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Valuation EGBN Industry Range
Price/Earnings 18.8x
Price/Sales 6.5x
Price/Book 2.1x
Price/Cash Flow 18.5x
TEV/Sales 4.7x
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