secwatch.observer — SEC 8-K summary
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Issuer:     EAGLE BANCORP INC (EGBN)
CIK:        0001050441
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001050441-24-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eagle Bancorp posts Q2 net loss of $83.8M on $104.2M goodwill impairment; operating income improves
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000104/0001050441-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050441/000105044124000104/gnw-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001050441-24-000104

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