---
schema_version: "secwatch.filing_event.v1"
accession: "0001050441-23-000117"
form_type: "8-K"
ticker: "EGBN"
cik: "0001050441"
company_name: "EAGLE BANCORP INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:11:35.265277+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eagle Bancorp Q2 net income $28.7M, EPS $0.94; NIM falls to 2.49%

## Summary
- Net income $28.7M ($0.94 diluted) vs $24.2M ($0.78) prior quarter and $15.7M ($0.49) year-ago quarter.
- Net interest margin 2.49% vs 2.77% prior; cost of funds rose to 3.20% from 2.62%.
- NPAs/assets 0.28% vs 0.08% prior; net charge-offs $5.6M (0.29% annualized).
- Deposits $7.7B (+3.4% QoQ); borrowings $1.9B (-12.7%); repurchased 1.2M shares at $24.48 avg.
- Expense reduction: branch closures and RIF expected to save $2.4M in H2 2023 and $5.8M in 2024.

## SEC filing metadata
- accession: 0001050441-23-000117
- form_type: 8-K
- ticker: EGBN
- cik: 0001050441
- company_name: EAGLE BANCORP INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000117/0001050441-23-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000117/gnw-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050441-23-000117
- JSON: https://secwatch.observer/filing/0001050441-23-000117.json
- Plain text: https://secwatch.observer/filing/0001050441-23-000117.txt

## Key facts
- Earnings Releases
  EAGLE BANCORP INC reported second quarter 2023 results: net income net income of $28.7 million, EPS $0.94 per diluted share.
  - Period: second quarter 2023
  - Net income: net income of $28.7 million
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: EAGLE BANCORP, INC. ANNOUNCES NET INCOME FOR SECOND QUARTER 2023 OF $28.7 MILLION OR $0.94 PER DILUTED SHARE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000117/0001050441-23-000117-index.htm

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