secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001050441-23-000141
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000141/0001050441-23-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044123000141/gnw-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001050441-23-000141

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