The sharp sequential decline in EPS and elevated charge-offs signal ongoing credit deterioration despite modest NIM expansion. Monitor next quarter's provision expense and NPA inflows for signs of stabilization; the $35.4M loan subsequently paid off post-quarter-end provides a modest positive data point.
Price Chart
Executive Summary
Eagle Bancorp reported Q2 2026 EPS of $0.23, significantly below the $0.48 earned in Q1 2026, driven by an $8.1M increase in provision for credit losses to $21.4M. Net interest income declined sequentially to $62.4M, while net charge-offs nearly doubled to $47.9M, reflecting ongoing asset quality challenges. The $0.01 quarterly dividend was maintained.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.23, down 52% from $0.48 in Q1 2026
- Provision for credit losses increased to $21.4M from $13.4M in Q1 2026
- Net charge-offs rose to $47.9M (2.78% annualized) from $26.0M (1.46%) in Q1 2026
- Net interest income fell to $62.4M from $63.7M in Q1 2026
- Total loans declined 4.6% sequentially to $6.7B
- Non-performing assets decreased to $113.1M (1.17% of assets) from $130.8M (1.31%) in Q1 2026
- Net interest margin expanded 5 bps to 2.52% from 2.47% in Q1 2026
- Quarterly dividend maintained at $0.01 per share
Financial Impact
Net income fell $7.8M QoQ to $6.9M; provision for credit losses increased $8.1M QoQ to $21.4M; net charge-offs rose $21.9M QoQ to $47.9M
Risk Factors
- Further deterioration in CRE office portfolio driving higher provision expense
- Continued net charge-offs above 2% annualized
- Deposit outflows pressuring funding costs and liquidity
- Potential dividend cut if earnings remain depressed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3331726 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | $32.97 $33.68 | ▲ +2.15% | ▲ +2.68% | $33.15 (+0.55%) |
Oct 21, 2026 6d ago | Press Release | $32.97 $33.68 | ▲ +2.15% | ▲ +2.68% | $33.15 (+0.55%) |
Aug 11, 2026 11w ago | Institutional Cluster | $28.76 $28.78 | ▲ +0.07% | ▼ −0.63% | $33.15 (+15.26%) |
Jul 22, 2026 13w ago | Press Release | $27.60 $28.44 | ▼ −3.04% | ▼ −2.94% | $33.15 (−20.11%) |
Jul 8, 2026 15w ago | Press Release | $26.19 $26.83 | ▲ +2.44% | ▲ +1.60% | $33.15 (+26.58%) |
Jul 6, 2026 16w ago | 8-K | $27.20 $26.72 | ▼ −1.76% | ▼ −1.29% | $33.15 (+21.88%) |
Jun 30, 2026 17w ago | 8-K | $28.57 $27.59 | ▼ −3.43% | ▼ −3.30% | $33.15 (+16.03%) |
Jun 11, 2026 19w ago | Institutional Cluster | $28.26 $28.54 | ▲ +0.99% | ▲ +0.45% | $33.15 (+17.30%) |
May 12, 2026 24w ago | 8-K | $25.40 $24.97 | ▼ −1.69% | ▼ −2.27% | $33.15 (+30.51%) |
Apr 22, 2026 26w ago | 8-K | $26.14 $26.30 | ▲ +0.61% | ▼ −0.17% | $33.15 (+26.82%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers