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AI brief of an SEC Form 8-K · Eagle Bancorp (EGBN)

Eagle Bancorp Q4 net income falls to $15.3 million, or $0.50 per diluted share

Negative Impact 3 of 5 earnings Written later

Eagle Bancorp reported unaudited fourth-quarter 2024 net income of $15.3 million, or $0.50 per diluted share, down from $21.8 million, or $0.72 per diluted share, in the third quarter. The decline reflected lower noninterest income, a higher provision for credit losses and lower net interest income, and nonperforming assets rose to $211.5 million, driven largely by a $74.9 million office loan moved to nonaccrual. The company also announced a cash dividend of $0.165 per share and director Kathy A. Raffa said she will not stand for re-election at the 2025 Annual Meeting.

Key points

  • Q4 2024 net income was $15.3 million, versus $21.8 million in Q3 2024 and $20.2 million in Q4 2023
  • Provision for credit losses was $12.1 million in Q4 2024, compared with $10.1 million in Q3 2024
  • Nonperforming assets rose to $211.5 million from $137.1 million at September 30, 2024, mainly from a $74.9 million commercial real estate office loan moved to nonaccrual
  • Cash dividend of $0.165 per share is payable February 21, 2025 to shareholders of record on February 7, 2025

The filing

CompanyEagle Bancorp (EGBN)
Form8-K, current report
Filed with the SECJan 22, 2025, 4:36 PM ET
Accession number0001050441-25-000014

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 22, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.