---
schema_version: "secwatch.filing_event.v1"
accession: "0001050441-24-000067"
form_type: "8-K"
ticker: "EGBN"
cik: "0001050441"
company_name: "EAGLE BANCORP INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:16:23.687224+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eagle Bancorp posts Q1 2024 net loss of $338K on $20.7M provision spike

## Summary
- Net loss of $338K ($0.01 diluted EPS) vs net income of $20.2M ($0.67) in Q4 2023.
- Pre-provision net revenue stable at $38.3M; provision for credit losses surged to $35.2M.
- Provision driven by updated valuation on an office CRE loan relationship partially charged off.
- Deposits grew $1.0B and loans $245M year-over-year; common equity ratio above 10%.
- Management highlights proactive office portfolio management and stable core operations.

## SEC filing metadata
- accession: 0001050441-24-000067
- form_type: 8-K
- ticker: EGBN
- cik: 0001050441
- company_name: EAGLE BANCORP INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050441/000105044124000067/0001050441-24-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050441/000105044124000067/gnw-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001050441-24-000067
- JSON: https://secwatch.observer/filing/0001050441-24-000067.json
- Plain text: https://secwatch.observer/filing/0001050441-24-000067.txt

## Key facts
- Earnings Releases
  EAGLE BANCORP INC reported first quarter 2024 results: net income net loss of $338 thousand, EPS Net loss was $(0.01) per share (diluted).
  - Period: first quarter 2024
  - Net income: net loss of $338 thousand
  - EPS: Net loss was $(0.01) per share (diluted)
  - Result: reported results
  source text: today announced a net loss of $338 thousand for the first quarter 2024, compared to net income of $20.2 million for the fourth quarter 2023 (the "prior quarter"). Net loss was $(0.01) per share (diluted) for the first quarter 2024, compared to net income of $0.67 per share (diluted) for the prior quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050441/000105044124000067/0001050441-24-000067-index.htm

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