earnings
confidence medium
sentiment negative
materiality 0.85
Eagle Bancorp posts Q2 net loss of $69.8M; provision expense surges $111.9M
EAGLE BANCORP INC
2025-Q2 EPS
reported -$2.25
vs consensus $0.45
▼ miss
(-604.1%)
- Net loss of $69.8M ($2.30 per share) vs Q1 net income of $1.7M ($0.06 per diluted share).
- Provision for credit losses increased $111.9M in Q2; credit loss reserve coverage rose to 2.38% from 1.63% in Q1.
- Pre-provision net revenue (PPNR) improved to $30.7M from $28.4M in Q1, reflecting net interest margin expansion.
- Common equity tier 1 capital ratio at 14.0%; tangible common equity ratio exceeds 10%.
- Management cites decisive actions on challenged loans and office portfolio; expects remediation to continue.