Eagle Bancorp, Inc. (EGBN) Financial Statements (2024 and earlier)

Company Profile

Business Address 7830 OLD GEORGETOWN ROAD
BETHESDA, MD 20814
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277,9271,693,8311,760,855241,973321,864190,473
Cash and cash equivalents277,9271,693,8311,760,855241,973321,864190,473
Total current assets:277,9271,693,8311,760,855241,973321,864190,473
Noncurrent Assets
Operating lease, right-of-use asset24,54430,55525,23727,372
Property, plant and equipment13,47514,55713,55314,62216,85120,991
Intangible assets, net (including goodwill), including:104,233105,793105,114104,739105,766107,212
Goodwill 104,168104,168104,168104,168104,168104,168
Intangible assets, net (excluding goodwill) 651,625946(9,322)(7,448)(5,836)
Other undisclosed intangible assets, net (including goodwill)   9,8939,0468,880
Deferred income tax assets96,56743,17438,57129,804
Total noncurrent assets:238,819194,079182,475176,537122,617128,203
Other undisclosed assets10,634,1089,959,4009,174,4728,570,2097,944,6567,160,353
TOTAL ASSETS:11,150,85411,847,31011,117,8028,988,7198,389,1377,479,029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,010,101323,918326,726280,98030,413401,561
Total current liabilities:1,010,101323,918326,726280,98030,413401,561
Noncurrent Liabilities
Liabilities, other than long-term debt 13,72216,5048,76211,26014,98913,161
Qualified affordable housing project investments, commitment 13,72216,5048,76211,26014,98913,161
Total noncurrent liabilities: 13,72216,5048,76211,26014,98913,161
Other undisclosed liabilities8,898,71010,156,1139,541,4227,505,7987,234,7946,113,869
Total liabilities:9,922,53310,496,5359,876,9107,798,0387,280,1966,528,591
Equity
Equity, attributable to parent1,228,3211,350,7751,240,8921,190,6811,108,941950,438
Common stock310316315331342340
Additional paid in capital412,303434,640427,016482,286528,380520,304
Accumulated other comprehensive income (loss)(199,507)(14,242)15,5002,959(4,275)(1,750)
Retained earnings1,015,215930,061798,061705,105584,494431,544
Total equity:1,228,3211,350,7751,240,8921,190,6811,108,941950,438
TOTAL LIABILITIES AND EQUITY:11,150,85411,847,31011,117,8028,988,7198,389,1377,479,029

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues385,307358,046386,851416,351383,384329,909
Net investment income373,132341,291371,546408,593375,379311,820
Cost of revenue(266) (45,571)(13,091)(8,660)(8,971)
Provision for loan, lease, and other losses(266) (45,571)(13,091)(8,660)
Financial services costs(8,971)
Gross profit:385,041358,046341,280403,260374,724320,938
Operating expenses(25,475)(27,384)(31,386)(26,433)(24,022)(84,497)
Other operating income (expense), net
(Other Expenses)
(14,406)(12,610)(14,680)(15,994)(15,783)(15,869)
Operating income:345,160318,052295,214360,833334,919220,572
Nonoperating income
(Bank Owned Life Insurance Income)
2,5472,0592,0711,7031,5071,466
Interest and debt expense(91,746)(39,982)(68,424)(105,585)(76,293)(40,147)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (52,716)(60,160)(55,925)3,845
Income from continuing operations before equity method investments, income taxes:255,961280,129176,145196,791204,208185,736
Other undisclosed loss from continuing operations before income taxes(66,281)(42,455)    
Income from continuing operations before income taxes:189,680237,674176,145196,791204,208185,736
Income tax expense(48,750)(60,983)(43,928)(53,848)(51,932)(85,504)
Income from continuing operations:140,930176,691132,217142,943152,276100,232
Income before gain (loss) on sale of properties:176,691132,217142,943152,276100,232
Net income available to common stockholders, diluted:140,930176,691132,217142,943152,276100,232

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:140,930176,691132,217142,943152,276100,232
Other comprehensive income (loss)  (132)386  (1,160)
Comprehensive income:140,930176,559132,603142,943152,27699,072
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(185,265)(29,610)12,1557,234(2,525)1,791
Comprehensive income (loss), net of tax, attributable to parent:(44,335)146,949144,758150,177149,751100,863

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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