---
schema_version: "secwatch.filing_event.v1"
accession: "0001050441-23-000141"
form_type: "8-K"
ticker: "EGBN"
cik: "0001050441"
company_name: "EAGLE BANCORP INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:44:04.290264+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Eagle Bancorp Q3 net income $27.4M ($0.91 EPS); NIM down to 2.43%, NPAs rise

## Summary
- Net income $27.4M ($0.91 diluted EPS) vs $28.7M ($0.94) prior quarter and $37.3M ($1.16) year-ago.
- Net interest margin fell to 2.43% from 2.49% QoQ and 3.02% YoY; $1.6M interest reversal on nonperforming loan cut NIM 6 bps.
- Deposits grew 8.5% to $8.4B; short-term borrowings down 29.2% to $1.3B; loan-to-deposit ratio improved to 95%.
- Nonperforming assets rose to 0.64% of total assets from 0.28% QoQ, primarily from one multi-family credit in DC.
- Provision for credit losses $5.6M (up from $5.2M); allowance 1.05% of loans; dividend maintained at $0.45/share.

## SEC filing metadata
- accession: 0001050441-23-000141
- form_type: 8-K
- ticker: EGBN
- cik: 0001050441
- company_name: EAGLE BANCORP INC
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1050441/000105044123000141/0001050441-23-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000141/gnw-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050441-23-000141
- JSON: https://secwatch.observer/filing/0001050441-23-000141.json
- Plain text: https://secwatch.observer/filing/0001050441-23-000141.txt

## Key facts
- Earnings Releases
  EAGLE BANCORP INC reported the third quarter 2023 results: net income $27.4 million, EPS $0.91 per diluted share.
  - Period: the third quarter 2023
  - Net income: $27.4 million
  - EPS: $0.91 per diluted share
  - Result: reported results
  source text: EAGLE BANCORP, INC. ANNOUNCES NET INCOME FOR THIRD QUARTER 2023 OF $27.4 MILLION OR $0.91 PER DILUTED SHARE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050441/000105044123000141/0001050441-23-000141-index.htm

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