---
schema_version: "secwatch.filing_event.v1"
accession: "0001050441-23-000083"
form_type: "8-K"
ticker: "EGBN"
cik: "0001050441"
company_name: "EAGLE BANCORP INC"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:16:21.567760+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Eagle Bancorp Q1 net income $24.2M, EPS $0.78, down 43% QoQ; deposits fall 14%

## Summary
- Net income $24.2M ($0.78 diluted) vs $42.2M ($1.32) in Q4 2022 and $45.7M ($1.42) a year ago.
- Net interest margin narrowed to 2.77% from 3.14%; net interest income fell 12.4% to $75.0M.
- Deposits dropped $1.2B (14.3%) to $7.5B; short-term borrowings rose $1.1B to $2.1B; loan-to-deposit ratio 104%.
- Provision for credit losses $6.2M vs reversal of $0.5M in Q4; ACL on loans 1.01% (up from 0.97%).
- HTM securities $112M unrealized loss (9% of common equity); uninsured deposits 42.9%. Dividend $0.45; repurchased 400k shares.

## SEC filing metadata
- accession: 0001050441-23-000083
- form_type: 8-K
- ticker: EGBN
- cik: 0001050441
- company_name: EAGLE BANCORP INC
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000083/0001050441-23-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000083/gnw-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050441-23-000083
- JSON: https://secwatch.observer/filing/0001050441-23-000083.json
- Plain text: https://secwatch.observer/filing/0001050441-23-000083.txt

## Key facts
- Earnings Releases
  EAGLE BANCORP INC reported first quarter 2023 results: net income $24.2 million, EPS $0.78 per diluted share.
  - Period: first quarter 2023
  - Net income: $24.2 million
  - EPS: $0.78 per diluted share
  - Result: reported results
  source text: EAGLE BANCORP, INC. ANNOUNCES NET INCOME FOR FIRST QUARTER 2023 OF $24.2 MILLION OR $0.78 PER DILUTED SHARE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000083/0001050441-23-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.