Trade Eagle Bancorp Inc - EGBN CFD

Eagle Company profile

About Eagle Bancorp, Inc.

Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank, which conducts a full-service community banking business, primarily in Northern Virginia, Suburban Maryland, and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank is also active in the origination and sale of residential mortgage loans, the origination of small business loans, and the origination, securitization and sale of multifamily Federal Housing Administration (FHA) loans. The Bank offers its products and services through approximately 17 banking offices, five lending centers and various electronic capabilities, including remote deposit services and mobile banking services. The Bank has three active direct subsidiaries: Bethesda Leasing, LLC, Eagle Insurance Services, LLC, and Landroval Municipal Finance, Inc.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Eagle Bancorp, Inc. interest income decreased 7% to $364.5M. Net interest income after loan loss provision increased 8% to $346.5M. Net income increased 34% to $176.7M. Net interest income after loan loss provision reflects Interest and dividends on investment sec increase of 26% to $23.2M, Interest On balances with other banks increase of 35% to $3.5M.

Equity composition

Common Stock $.01 Par, 3/11, 50M auth., 19,728,433 issd. Insiders control approx. 16.68% . IPO: N/A. 6/01, Preferred Stock $.01 Par, 1M auth., Ser. A 23,235 issd. 7-for-5 stock split.03/05,13-for-10 stock split. 09/08, 10% stock dividend.