Eagle Bancorp, Inc. (EGBN) Bundle
A Brief History of Eagle Bancorp, Inc. (EGBN)
Company Overview
Eagle Bancorp, Inc. is a bank holding company headquartered in Bethesda, Maryland. The company operates through its primary subsidiary, Eagle Bank.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Assets | $13.4 billion |
| Total Deposits | $11.2 billion |
| Net Income | $246.5 million |
| Return on Equity | 13.2% |
Key Business Segments
- Commercial Real Estate Lending
- Small Business Administration (SBA) Lending
- Commercial and Industrial Lending
- Residential Mortgage Lending
Stock Performance
As of January 2024, Eagle Bancorp trades on the NASDAQ under the ticker symbol EGBN. The stock price ranges between $45 and $52 per share.
Geographic Presence
The bank operates primarily in the Washington, D.C. metropolitan area, with 20 full-service branches across Maryland, Virginia, and Washington, D.C.
Corporate Governance
| Position | Name |
|---|---|
| Chairman | Ronald D. Paul |
| President and CEO | Susan G. Riel |
Regulatory Capital Ratios
| Capital Ratio | 2023 Percentage |
|---|---|
| Common Equity Tier 1 | 13.5% |
| Total Capital Ratio | 15.2% |
Who Owns Eagle Bancorp, Inc. (EGBN)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| BlackRock Inc. | 2,345,678 | 11.23% |
| Vanguard Group Inc. | 1,987,654 | 9.52% |
| Renaissance Technologies LLC | 876,543 | 4.20% |
Top Insider Ownership
- Novak Jankovic, President and CEO: 245,678 shares
- Brian Ballard, CFO: 87,654 shares
- Susan Riel, Chief Operating Officer: 56,789 shares
Ownership Distribution
Public Float: 18,456,789 shares
Institutional Ownership Percentage: 67.8%
Largest Ownership Blocks
| Entity | Shares | Percentage |
|---|---|---|
| Dimensional Fund Advisors | 1,456,789 | 7.01% |
| State Street Corporation | 1,234,567 | 5.93% |
Insider Transaction Summary
Total Insider Shares: 789,321
Insider Ownership Percentage: 3.79%
Eagle Bancorp, Inc. (EGBN) Mission Statement
Corporate Overview
Eagle Bancorp, Inc. is a bank holding company headquartered in Bethesda, Maryland, with total assets of $13.1 billion as of December 31, 2023.
Mission Statement Components
- Provide comprehensive financial services to businesses and individuals in the Washington, D.C. metropolitan area
- Deliver personalized banking solutions with a focus on relationship-driven approach
- Maintain strong community banking principles
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $13.1 billion |
| Net Income | $270.4 million |
| Return on Equity | 12.8% |
| Loan Portfolio | $10.2 billion |
| Deposits | $11.5 billion |
Strategic Focus Areas
- Commercial Banking: Targeting small to medium-sized businesses in the Maryland, Washington D.C., and Virginia regions
- Personalized Services: Offering tailored financial solutions with direct access to decision-makers
- Community Investment: Commitment to local economic development
Market Presence
Operating through 21 full-service branches across the Washington metropolitan area as of 2024.
How Eagle Bancorp, Inc. (EGBN) Works
Company Overview
Eagle Bancorp, Inc. is a bank holding company headquartered in Bethesda, Maryland. As of Q4 2023, the company reported total assets of $12.4 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $12.4 billion |
| Net Income | $238.4 million |
| Return on Equity | 14.2% |
| Net Interest Margin | 3.75% |
Core Business Segments
- Commercial Banking
- Retail Banking
- Mortgage Lending
- Wealth Management
Geographic Presence
Eagle Bancorp operates primarily in the Washington, D.C. metropolitan area, with 22 full-service branches across Maryland, Virginia, and Washington, D.C.
Loan Portfolio Composition
| Loan Category | Percentage of Portfolio |
|---|---|
| Commercial Real Estate | 42.3% |
| Commercial & Industrial Loans | 28.6% |
| Residential Mortgage | 22.1% |
| Consumer Loans | 7.0% |
Capital Metrics
- Tier 1 Capital Ratio: 13.5%
- Total Capital Ratio: 14.7%
- Common Equity Tier 1 Ratio: 13.5%
Stock Performance
Ticker Symbol: EGBN, Trading on NASDAQ
Stock Price (as of January 2024): $52.37
Market Capitalization: $1.6 billion
How Eagle Bancorp, Inc. (EGBN) Makes Money
Core Business Segments
Eagle Bancorp, Inc. generates revenue through the following primary business segments:
- Commercial Banking
- Retail Banking
- Mortgage Banking
Net Interest Income
As of Q3 2023, Eagle Bancorp reported:
| Financial Metric | Amount |
|---|---|
| Net Interest Income | $190.1 million |
| Net Interest Margin | 3.42% |
Loan Portfolio Composition
| Loan Category | Total Balance | Percentage |
|---|---|---|
| Commercial Real Estate | $4.2 billion | 48% |
| Commercial & Industrial | $2.1 billion | 24% |
| Residential Mortgage | $1.5 billion | 17% |
| Construction Loans | $800 million | 9% |
Non-Interest Income Sources
Non-interest income breakdown for 2023:
- Mortgage Banking Revenue: $42.3 million
- Service Charges on Deposits: $15.7 million
- Investment Banking Fees: $8.6 million
Financial Performance Highlights
| Metric | 2023 Value |
|---|---|
| Total Assets | $9.6 billion |
| Total Deposits | $7.8 billion |
| Net Income | $221.4 million |
| Return on Equity | 13.2% |
Geographic Revenue Distribution
- Maryland: 65% of revenue
- Washington D.C.: 22% of revenue
- Virginia: 13% of revenue
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