secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001050441-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Bancorp Q4 net income $20.2M ($0.67 EPS) down from $27.4M in Q3; provision jumps to $14.5M
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- Net income $20.2M vs $27.4M prior quarter; diluted EPS $0.67 vs $0.91.
- Net interest income $73.0M (+$2.3M QoQ) as NIM widened to 2.45% from 2.43%.
- Provision for credit losses surged to $14.5M from $5.6M on partial charge-off of office loan and multi-family CRE sale.
- Deposits grew 5.2% to $8.8B; brokered deposits fell to 27.0% from 29.1%.
- Net charge-off rate 0.60% annualized vs 0.02% prior quarter; NPL ratio improved to 0.82% from 0.89%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000007/0001050441-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000007/gnw-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001050441-24-000007

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