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EGBN Eagle Bancorp Inc

The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through twenty branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.

Company profile

Ticker
EGBN
Exchange
CEO
Susan Riel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Eagle Bancorp, Inc. • Eagle Insurance Services, LLC • Fidelity Mortgage, Inc. • Bethesda Leasing LLC • VHB Real Estate LLC • Landroval Municipal Finance, Inc. • Eagle Commercial Ventures, LLC ...
IRS number
522061461

EGBN stock data

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Calendar

8 Nov 21
24 Jan 22
31 Dec 22
Quarter (USD)
Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 237,147
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 237,662
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 238,177
21 Dec 21 Susan G Riel Common Stock Gift Acquire G Yes No 0 515 0 515
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 238,692
21 Dec 21 Susan G Riel Common Stock Gift Acquire G Yes No 0 515 0 515
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 239,207
21 Dec 21 Susan G Riel Common Stock Gift Acquire G Yes No 0 515 0 515
21 Dec 21 Susan G Riel Common Stock Gift Dispose G No No 0 515 0 239,722
21 Dec 21 Susan G Riel Common Stock Gift Acquire G Yes No 0 515 0 515

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

73.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 181 182 -0.5%
Opened positions 12 20 -40.0%
Closed positions 13 19 -31.6%
Increased positions 48 61 -21.3%
Reduced positions 80 57 +40.4%
13F shares
Current Prev Q Change
Total value 1.58B 1.56B +1.1%
Total shares 23.34M 23.52M -0.8%
Total puts 5K 3.7K +35.1%
Total calls 42.7K 7.1K +501.4%
Total put/call ratio 0.1 0.5 -77.5%
Largest owners
Shares Value Change
BLK Blackrock 4.69M $269.74M -0.6%
Vanguard 3.37M $193.85M -0.2%
Wasatch Advisors 2.57M $147.98M +1.2%
Victory Capital Management 1.46M $84.17M +5.8%
Dimensional Fund Advisors 1.35M $77.74M -4.1%
STT State Street 1.32M $75.75M -3.8%
FMR 1.13M $65.01M +52.6%
Geode Capital Management 500.1K $28.76M -9.1%
NTRS Northern Trust 454.7K $26.15M -2.1%
BK Bank Of New York Mellon 408.19K $23.47M +0.4%
Largest transactions
Shares Bought/sold Change
FMR 1.13M +389.8K +52.6%
TROW T. Rowe Price 20.96K -86.4K -80.5%
Victory Capital Management 1.46M +80.2K +5.8%
Connacht Asset Management 35.44K -65.51K -64.9%
GS Goldman Sachs 45.56K -60.37K -57.0%
Dimensional Fund Advisors 1.35M -57.96K -4.1%
STT State Street 1.32M -52.51K -3.8%
DB Deutsche Bank AG - Registered Shares 49.12K -50.08K -50.5%
Geode Capital Management 500.1K -49.98K -9.1%
Sontag Advisory 22.32K -48.67K -68.6%

Financial report summary

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Risks
  • RISKS RELATED TO OUR BUSINESS AND ECONOMIC CONDITIONS
  • The COVID-19 pandemic has adversely affected, and is likely to continue to adversely affect, our customers and other businesses in our market area, as well as counterparties and third party vendors. The resulting adverse impacts on our business, financial condition, liquidity and results of operations have been, and may continue to be significant.
  • We may not be able to manage future growth and competition.
  • Failure to maintain effective systems of internal and disclosure control could have a material adverse effect on our results of operation, financial condition and stock price.
  • Our continued growth depends on our ability to meet minimum regulatory capital levels. Growth and shareholder returns may be adversely affected if sources of capital are not available to help us meet them.
  • Our results of operations, financial condition and the value of our shares may be adversely affected if we are not able to continue to grow our assets.
  • We are subject to liquidity risk in our operations.
  • We may face risks with respect to future expansion or acquisition activity.
  • Our concentrations of loans may create a greater risk of loan defaults and losses.
  • Our Residential Lending department may not continue to provide us with significant noninterest income.
  • Our financial condition, earnings and asset quality could be adversely affected if we are required to repurchase loans originated for sale by our Residential Lending department.
  • Our financial condition, earnings and asset quality could be adversely affected if our consumer facing operations do not operate in compliance with applicable regulations.
  • Changes in interest rates and other factors beyond our control could have an adverse impact on our financial performance and results.
  • Uncertainty relating to the discontinuation, reform or replacement of LIBOR may adversely affect our results of operations.
  • We may not be able to successfully compete with others for business.
  • Our customers and businesses in the Washington, D.C. metropolitan area in general, may be adversely impacted as a result of changes in government spending.
  • We rely upon independent appraisals to determine the value of the real estate, that secures a significant portion of our loans, and the values indicated by such appraisals may not be realizable if we are forced to foreclose upon such loans.
  • We are exposed to risk of environmental liabilities with respect to properties to which we take title.
  • Our operations rely significantly on certain external vendors.
  • RISKS RELATED TO INVESTING IN OUR STOCK
  • Our ability to make distributions in respect of our securities may be limited.
  • We may issue additional equity securities, or engage in other transactions, which could affect the priority of our common stock, which may adversely affect the market price of our common stock.
  • Our concentrations of loans may require us to maintain higher levels of capital.
  • Litigation and regulatory actions, possibly including enforcement actions, could subject us to significant fines, penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.
  • The banking industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a materially adverse effect on our operations.
  • We are subject to laws regarding the privacy, information security and protection of personal information, and any violation of these laws or another incident involving personal, confidential, or proprietary information of individuals could damage our reputation and otherwise adversely affect our business.
  • Changes in the value of goodwill and intangible assets could reduce our earnings.
  • Changes in tax laws could have an adverse effect on us, the banking industry, our customers, the value of collateral securing our loans and demand for loans.
  • Changes in accounting standards could impact our financial condition and results of operations.
  • RISKS RELATED TO THE USE OF TECHNOLOGY
  • Our operations, including our transactions with customers, are increasingly conducted via electronic means, and this has increased risks related to cybersecurity.
  • A breach or interruption of information security or cyber-related threats could negatively affect our earnings.
  • Failure to keep up with the rapid technological changes in the financial services industry could have a material adverse effect on our competitive position and profitability.
  • We depend on the use of data and modeling in both management’s decision-making, generally, and in meeting regulatory expectations, in particular.
  • The price of our common stock may fluctuate significantly, which may make it difficult for investors to resell shares of common stock at a time or price they find attractive.
Management Discussion
  • Net income for the years ending December 31, 2020, 2019, and 2018 was $132.2 million, $142.9 million, and $152.3 million, respectively. Net income per basic and diluted common share for 2020 was $4.09 compared to $4.18 per basic and diluted common share for 2019, a 2% decrease.
  • Net income decreased for 2020 relative to 2019 primarily due to a decline in the net interest margin, and increased provisioning for credit losses (see "Provision for Credit Losses" section below, and Notes 1 - "Summary of Significant Accounting Policies" and Note 4 - "Loans and Allowance for Credit Losses" to the consolidated financials statements for further detail on CECL), partially offset by higher noninterest income (as discussed in the "Noninterest Income" section below).
  • The most significant portion of revenue (i.e., net interest income plus noninterest income) is net interest income, which decreased to $321.6 million for 2020 compared to $324.0 million for 2019. The decrease resulted from a decline in the net interest margin substantially offset by growth in average earning assets of 17%.
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