EAGLE BANCORP INC EGBN
Eagle Bancorp, Inc. (the "Company"), headquartered in Bethesda, Maryland, was incorporated under the laws of the State of Maryland on October 28, 1997, to serve as the bank holding company for EagleBank (the "Bank"). The Company was formed by a group of local businessmen and professionals with significant prior experience in community banking in the Company's market area, together with an experienced community bank senior management team.
The Bank, a Maryland chartered commercial bank, which is a member of the Federal Reserve System ("Federal Reserve Board," "Federal Reserve" or "FRB"), is the Company's principal operating subsidiary. It commenced banking operations on July 20, 1998. The Bank currently operates twelve branch offices: six in Suburban Maryland; three located in the District of Columbia; and three in Northern Virginia. The Bank also has four lending centers and utilizes various digital capabilities, including remote deposit services and mobile banking services. The Bank maintains its physical presence via branches and lending centers consistent with its strategic plan.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $604.5M | $687.6M | $625.3M | $424.6M | $364.5M | $390.0M | $429.6M | $393.3M | $324.0M | $285.8M |
| Interest expense | $269.9M | $288.7M | $290.5M | $332.9M | $40.0M | $68.4M | $105.6M | $76.3M | $40.1M | $27.6M |
| Pre-tax income | -$196.2M | -$30.2M | $127.5M | $189.7M | $237.7M | $176.1M | $196.8M | $204.2M | $185.7M | $159.1M |
| Income tax | $58.1M | $16.8M | $27.0M | $48.8M | $61.0M | $43.9M | $53.8M | $51.9M | $85.5M | $61.4M |
| Net income | -$138.1M | -$47.0M | $100.5M | $140.9M | $176.7M | $132.2M | $142.9M | $152.3M | $100.2M | $97.7M |
| EPS, basic | -4.55 | -1.56 | 3.31 | 4.40 | 5.53 | 4.09 | 4.18 | 4.44 | 2.94 | 2.91 |
| EPS, diluted | -4.55 | -1.56 | 3.31 | 4.39 | 5.52 | 4.09 | 4.18 | 4.42 | 2.92 | 2.86 |
| Shares, diluted (wtd. avg.) | $30.3M | $30.2M | $30.4M | $32.1M | $32.0M | $32.4M | $34.2M | $34.4M | $34.3M | $34.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $695.7M | $633.5M | $722.7M | $311.9M | $1.71B | $1.79B | $242.0M | $321.9M | $190.5M | $368.2M |
| Property, plant and equipment | $12.8M | $7.7M | $10.2M | $13.5M | $14.6M | $13.6M | $14.6M | $16.9M | $21.0M | $20.7M |
| Goodwill | $0 | $0 | $104.2M | $104.2M | $104.2M | $104.2M | $104.2M | $104.2M | $104.2M | $104.2M |
| Other intangibles | — | — | $757.0K | $65.0K | $1.6M | $946.0K | — | — | — | — |
| Total assets | $10.50B | $11.13B | $11.66B | $11.15B | $11.85B | $11.12B | $8.99B | $8.39B | $7.48B | $6.89B |
| Short-term debt | $0 | $490.0M | $1.37B | $1.01B | $323.9M | $326.7M | $281.0M | $30.4M | $401.6M | $401.6M |
| Long-term debt | $76.4M | $76.1M | $0 | $69.8M | $69.7M | $268.1M | $217.7M | $217.3M | $216.9M | $216.5M |
| Total liabilities | $9.37B | $9.90B | $10.39B | $9.92B | $10.50B | $9.88B | $7.80B | $7.28B | $6.53B | $6.05B |
| Retained earnings | $837.6M | $982.3M | $1.06B | $1.02B | $930.1M | $798.1M | $705.1M | $584.5M | $431.5M | $331.3M |
| Total equity | $1.13B | $1.23B | $1.27B | $1.23B | $1.35B | $1.24B | $1.19B | $1.11B | $950.4M | $842.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $28.5M | $123.8M | $195.6M | $194.9M | $238.4M | $133.1M | $132.7M | $165.5M | $160.9M | $116.8M |
| Depreciation and amortisation | $2.9M | $3.2M | $3.5M | $3.3M | $5.9M | $4.7M | $6.2M | $7.0M | $6.9M | $6.2M |
| Stock-based compensation | $7.0M | $9.6M | $10.0M | $9.9M | $7.8M | $5.3M | $7.7M | $6.5M | $5.6M | $6.9M |
| Capital expenditure | $7.7M | $326.0K | $70.0K | $2.1M | $5.3M | $2.9M | $2.8M | $1.5M | $5.8M | $7.4M |
| Investing cash flow | $570.4M | $310.7M | -$97.7M | -$927.1M | -$857.9M | -$557.7M | -$637.1M | -$784.8M | -$810.4M | -$751.0M |
| Financing cash flow | -$536.7M | -$523.7M | $312.9M | -$670.2M | $544.7M | $1.97B | $424.6M | $750.7M | $471.8M | $703.9M |
| Dividends paid | $15.3M | $45.6M | $55.0M | $55.8M | $44.7M | $28.3M | $22.3M | $0 | — | — |
| Buybacks | $0 | $0 | $48.0M | $33.1M | $682.0K | $61.4M | $54.9M | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001050441-26-000021.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |