secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001050441-23-000117
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000117/0001050441-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000117/gnw-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001050441-23-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer