Eagle Bancorp, Inc.
| Company Name | Eagle Bancorp, Inc. |
| Stock Symbol | EGBN |
On April 23, 2025, Eagle released its first quarter 2025 financial results, reporting net income of $1.7 million, compared to $15.3 million in the previous quarter, primarily due to “a $14.1 million increase in provision expense, a $5.1 million decline in net interest income, and a $0.9 million increase in noninterest expenses.” The Company also stated that “[v]aluation risk in [its] office portfolio remains a concern and was the primary driver of the provision for credit losses.”
On this news, Eagle’s stock price fell $2.41, or 11.4%, to close at $18.78 per share on April 24, 2025, thereby injuring investors.
Then, on July 23, 2025, Eagle released its second quarter 2025 financial results, reporting a $71.5 million decrease in net income from the prior quarter, due primarily to a $111.9 million increase in provision expense in order “to resolve challenged loans and address related valuation pressures in the office portfolio.”
On this news, Eagle’s stock price fell as much as 22% during intraday trading on July 24, 2025, thereby injuring investors further.
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