Last $35.68 USD
Change Today -0.82 / -2.25%
Volume 470.5K
EGBN On Other Exchanges
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NASDAQ CM
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

7815 Woodmont Avenue

Bethesda, MD 20814

United States

Phone: 301-986-1800

Fax:

Eagle Bancorp, Inc. operates as the holding company for EagleBank that provides various commercial and consumer lending products. The company has one direct non-banking subsidiary, Eagle Commercial Ventures, LLC, which provides subordinated financing for the acquisition, development, and construction of real estate projects. The company operates 18 banking offices: 7 in Montgomery County, Maryland located in Rockville (3), Bethesda, Silver Spring, Potomac and Chevy Chase; 5 located in the District of Columbia; and 6 in Northern Virginia located in Tysons Corner, Ballston, Rosslyn, Reston, Merrifield, and Alexandria. The bank has two active direct subsidiaries: Bethesda Leasing, LLC and Eagle Insurance Services, LLC. Bethesda Leasing, LLC holds title to and operates real estate owned and acquired through foreclosure. Eagle Insurance Services, LLC facilitates the placement of commercial and retail insurance products through a referral arrangement with The Meltzer Group, an insurance brokerage within the company's market area. The company offers a range of commercial banking services to its business and professional clients, as well as complete consumer banking services to individuals living or working in the service area. The company provides commercial banking services to sole proprietorships, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and investors living and working in and near the bank's primary service area. A full range of retail banking services are offered to accommodate the individual needs of both corporate customers, as well as the community it serves. The company also offers online banking, mobile banking and a remote deposit service, which allows clients to facilitate and expedite deposit transactions through the use of electronic devices. The company provides various commercial and consumer lending products to small to medium-sized businesses and individuals for various business and personal purposes, including commercial loans for various business purposes, such as for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing (on a limited basis); construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as auto and personal loans; personal credit cards offered through an outside vendor; and residential mortgage loans. The company maintains a loan portfolio consisting primarily of traditional business and real estate secured loans, with a substantial portion having variable and adjustable rates, and where the cash flow of the borrower/borrower's business is the principal source of debt service with a secondary emphasis on collateral. Real estate loans are made generally for commercial purposes. The company’s consumer loans portfolio consists of home equity lines of credit that are structured with an interest only draw period followed either by a balloon maturity or a fully amortized repayment schedule. Its consumer loan portfolio also includes first lien residential mortgage loans, although its general practice is to sell conforming first trust loans on a servicing and released to third party investors. The company has also developed significant expertise and commitment as a Small Business Administration lender. The company originates residential mortgage loans primarily as a correspondent lender. The company's loan portfolio includes loans made for real estate acquisition, development and construction purposes, including both income producing and owner occupied projects. The company’s deposit services include business and personal checking accounts, NOW accounts, tiered savings and money market account and time deposits with varying maturity structures and customer options. The company also participates in the Promontory Interfinancial Network, LLC (Promontory) Certificate of Deposit Account Registry Service and its Insured Cash Sweep program, both of which networks function to assure full the F

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EGBN

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Valuation EGBN Industry Range
Price/Earnings 18.6x
Price/Sales 5.4x
Price/Book 2.4x
Price/Cash Flow 18.0x
TEV/Sales 2.9x
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