Eagle Bancorp Q2 net income falls to $6.9 million, or $0.23 a share, from $14.7 million
Eagle Bancorp reported unaudited second quarter 2026 net income of $6.9 million, or $0.23 per share, down from $14.7 million, or $0.48 per share, in the first quarter, mainly because provision for credit losses rose to $21.4 million from $13.4 million. Pre-provision net revenue improved to $29.1 million from $27.7 million, and non-performing assets fell to $113.1 million, but total loans and deposits declined and the company declared a $0.01 per share dividend.
Key points
- Net income was $6.9 million, or $0.23 per share, versus $14.7 million, or $0.48 per share, in Q1 2026
- Provision for credit losses was $21.4 million, up from $13.4 million; annualized net charge-offs were 2.78% versus 1.46%
- Net interest margin rose to 2.52% from 2.47%; total deposits fell to $8.2 billion, down 4.7% from the prior quarter
- Board declared a $0.01 per share cash dividend, payable August 17, 2026, to shareholders of record on August 6, 2026
The filing
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 July 22, 2026.
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.