earnings
confidence high
sentiment negative
materiality 0.80
Eagle Bancorp posts Q2 net loss of $83.8M on $104.2M goodwill impairment; operating income improves
EAGLE BANCORP INC
2024-Q2 EPS reported
-$2.79
- Net loss of $83.8M ($2.78 per share) driven by $104.2M goodwill impairment charge.
- Operating net income (excluding impairment) $20.4M ($0.67 per share), up from Q1.
- Tier 1 capital leverage ratio improved to 10.6%; CET1 ratio 13.9%.
- Reserve for credit losses coverage ratio 1.33%, up 8 bps from prior quarter.
- Added Expatriate Banking Services Division; core deposit relationships growing.