secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001050441-24-000067
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000067/0001050441-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000067/gnw-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001050441-24-000067

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