Last $32.41 USD
Change Today +0.59 / 1.84%
Volume 12.1K
As of 10:22 AM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

eagle bancorp inc (EGBN) Key Developments

Eagle Bancorp, Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Eagle Bancorp, Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

Eagle Bancorp Mulls Acquisitions

Eagle Bancorp, Inc. (NasdaqCM:EGBN), which is planning to offer $70 million principal amount of 5.75% subordinated notes due 2024, is looking for acquisitions. The company stated, “We expect to use the balance of the net proceeds for general corporate purposes, including but not limited to contribution of capital to our subsidiaries, including EagleBank, to support organic growth and other opportunistic acquisitions, should additional and appropriate acquisition opportunities arise.”

Eagle Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter of 2014

Eagle Bancorp, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company reported net interest income of $82,027,000 compared to $69,373,000 a year ago. Total interest income was $87,596,000 against $75,918,000 a year ago. Income before income tax expense was $40,000,000 compared to $37,445,000 a year ago. Net income was $25,443,000 compared to $23,247,000 a year ago. Net income available to common shareholders was $25,160,000 or $0.95 per diluted share against $22,964,000 or $0.88 per diluted share a year ago. Book value per common share was $14.25 as on June 30, 2014 compared to $12.14 as on June 30, 2013. Tangible book value per common share was $14.12 as on June 30, 2014 compared to $12.00 as on June 30, 2013. Return on average assets was 1.35% compared to 1.40% a year ago. Return on average common equity was 14.23% compared to 15.01% a year ago. The company's primary driver of revenue growth for the second quarter of 2014 was its net interest income growth of 21%, as compared to the second quarter in 2013 ($42.0 million versus $34.9 million), effectively outpacing the decline in total noninterest earnings attributable primarily to much lower levels of residential mortgage originations and sales. For the quarter, the company reported net interest income of $42,020,000 compared to $34,864,000 a year ago. Total interest income was $44,759,000 against $37,985,000 a year ago. Income before income tax expense was $20,562,000 compared to $18,887,000 a year ago. Net income was $12,944,000 compared to $11,675,000 a year ago. Net income available to common shareholders was $12,802,000 or $0.48 per diluted share against $11,533,000 or $0.44 per diluted share a year ago. Return on average assets was 1.35% compared to 1.41% a year ago. Return on average common equity was 14.09% compared to 14.75% a year ago. The company announced net charge-offs of $1,600,000 in the second quarter of 2014 represented an annualized 0.20% of average loans, excluding loans held for sale, as compared to $1,500,000 or an annualized 0.24% of average loans, excluding loans held for sale, in the second quarter of 2013. Net charge-offs in the second quarter of 2014 were attributable primarily to commercial and industrial loans ($1,300,000) and construction loans ($219,000).

Eagle Bancorp, Inc. to Report Q2, 2014 Results on Jul 22, 2014

Eagle Bancorp, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

Eagle Bancorp, Inc., Q2 2014 Earnings Call, Jul 23, 2014

Eagle Bancorp, Inc., Q2 2014 Earnings Call, Jul 23, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EGBN:US $32.41 USD +0.59

EGBN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Brookline Bancorp Inc $8.59 USD +0.04
City Holding Co $42.23 USD +0.10
S&T Bancorp Inc $23.59 USD +0.125
Sandy Spring Bancorp Inc $23.00 USD +0.11
TrustCo Bank Corp NY $6.48 USD +0.04
View Industry Companies
 

Industry Analysis

EGBN

Industry Average

Valuation EGBN Industry Range
Price/Earnings 17.7x
Price/Sales 5.1x
Price/Book 2.3x
Price/Cash Flow 17.2x
TEV/Sales 3.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EAGLE BANCORP INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.