NASDAQ$EGBN
Eagle Bancrp Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced results of operations for first quarter 2024.
Eagle Bancorp, Inc. reported a net loss of $338 thousand for the first quarter 2024, compared to net income of $20.2 million for the fourth quarter 2023. Pre-provision net revenue was $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter. The $20.6 million decrease from earnings in the prior quarter was attributable to a $20.7 million increase in provision for credit losses.
- Net loss was $338 thousand for the first quarter 2024, compared to net income of $20.2 million in the prior quarter, with PPNR of $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.
- The ACL as a percentage of total loans was 1.25% at quarter-end; up from 1.08% at the prior quarter-end. Performing office coverage was 3.67% at quarter-end; as compared to 1.91% at the prior quarter-end.
- The net interest margin remained steady at 2.43% for the first quarter 2024, compared to 2.45% for the prior quarter.
- Loans at quarter-end were $8.0 billion, up $14.0 million, or 0.2%, from the prior quarter-end. Deposits at quarter-end were $8.5 billion, down $306.6 million, or 3.5%, from the prior quarter-end.
Headline financials
Revenue & EPS history
Eagle Bancorp · Revenue · Quarterly
$78.3M
Forward guidance
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.3%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+0.3%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+16.3%
Q4 2025
Best reaction
-28.1%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -1.6% | -2.6% | |
| Q4 2025 | +16.3% | +8.7% | +10.3% | |
| Q3 2025 | -12.4% | -9.3% | -7.3% | |
| Q2 2025 | -2.1% | -1.0% | +10.0% | |
| Q1 2025 | -11.4% | -14.2% | -17.6% | |
| Q4 2024 | +2.8% | +6.0% | -7.4% | |
| Q3 2024 | +12.4% | +14.0% | +26.3% | |
| Q2 2024 | -2.2% | -7.3% | -4.6% | |
| Q1 2024 | -10.4% | -14.9% | -16.5% | |
| Q4 2023 | -1.2% | -0.5% | -13.7% | |
| Q3 2023 | +12.0% | +13.1% | +32.6% | |
| Q2 2023 | +6.9% | +5.4% | -10.2% | |
| Q1 2023 | -17.7% | -15.9% | -39.2% | |
| Q4 2022 | +4.5% | +7.2% | +3.1% | |
| Q3 2022 | -6.3% | -8.2% | -3.7% | |
| Q2 2022 | -4.2% | -4.1% | +4.9% | |
| Q1 2022 | +0.4% | -3.8% | -12.8% | |
| Q4 2021 | -5.2% | -3.3% | -3.7% | |
| Q3 2021 | -0.5% | -1.0% | +2.4% | |
| Q2 2021 | -4.8% | -1.6% | +2.2% | |
| Q1 2021 | +0.3% | +4.3% | +9.8% | |
| Q4 2020 | -3.4% | -2.3% | +11.0% | |
| Q3 2020 | +5.6% | +3.7% | +25.5% | |
| Q2 2020 | +3.3% | -2.2% | -6.7% | |
| Q1 2020 | +4.7% | +14.4% | +4.9% | |
| Q4 2019 | -1.6% | -4.3% | -7.8% | |
| Q3 2019 | +1.4% | +5.9% | +5.7% | |
| Q2 2019 | -28.1% | -26.8% | -26.7% | |
| Q1 2019 | -1.4% | -2.8% | -1.7% | |
| Q4 2018 | +1.0% | +4.7% | +11.9% | |
| Q3 2018 | +5.7% | +1.5% | +9.0% | |
| Q2 2018 | -4.5% | -3.8% | -9.5% | |
| Q1 2018 | +2.8% | +3.2% | +4.4% | |
| Q4 2017 | +0.5% | +3.0% | +3.9% | |
| Q3 2017 | +1.0% | +0.9% | +0.4% | |
| Q2 2017 | +3.3% | +2.0% | -1.8% | |
| Q1 2017 | +2.6% | +4.5% | +0.4% | |
| Q4 2016 | +2.1% | +2.7% | +7.4% | |
| Q3 2016 | +0.4% | +2.4% | +14.2% | |
| Q2 2016 | +0.2% | +0.9% | +3.2% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | -1.5% | — | — | |
| Q3 2015 | -4.2% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | +3.3% | — | — | |
| Q3 2014 | +1.3% | — | — | |
| Q2 2014 | +3.6% | — | — | |
| Q1 2014 | -2.1% | — | — | |
| Q4 2013 | +6.6% | — | — | |
| Q3 2013 | -4.9% | — | — | |
| Q2 2013 | +2.5% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q4 2011 | -1.9% | — | — | |
| Q4 2012 | -2.0% | — | — | |
| Q3 2012 | +3.1% | — | — | |
| Q2 2012 | -2.5% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q1 2012 | +4.1% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q3 2010 | -5.7% | — | — | |
| Q3 2011 | -5.7% | — | — | |
| Q2 2011 | +3.2% | — | — | |
| Q2 2010 | +3.2% | — | — | |
| Q1 2010 | +5.1% | — | — |
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