EGBN Earnings Prediction
The chart below shows how EGBN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EGBN sees a -3.01% change in stock price 10 days leading up to the earnings, and a -1.43% change 10 days following the report. On the earnings day itself, the stock moves by +0.11%. This data can give you a slight idea of what to expect for the next quarter's release.
EGBN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
68.67M
-3.65%
-2.15%
Gross Margin
--
--
--
Operating Margin
28.83%
-17.46%
-24.17%
Net Margin
22.27%
-21.53%
-28.37%
EPS
0.51
-23.88%
-29.17%
No Data Available
EGBN Earnings Analysis
Eagle Bancorp Inc Corporation (EGBN.O) Earnings Conference Call
Positive
Quarterly Net Income Performance: Net income for the quarter totaled $15,300,000, reflecting a disciplined strategy and proactive management of valuation risk.
Deposit Growth and Debt Repayment: Deposits grew by $590,200,000 in the 4th quarter, enabling the full repayment of $1,000,000,000 in bank term funding program debt, showcasing strong balance sheet strength.
Digital Channel Growth: Average deposits increased by $585,100,000 year-over-year, with significant growth attributed to the digital channel, indicating effective customer acquisition strategies.
Capital Position Improvement: The Common Equity Tier 1 ratio improved by 33 basis points to 14.63%, demonstrating a solid capital position and financial stability.
Loan Origination Rate Increase: The weighted average rate of funded loan originations increased to 7.68% in the 4th quarter, up from 7.11% in the previous quarter, indicating improved loan pricing and profitability.
Negative
Net Income Decline: Net income for the 4th quarter was $15,300,000, a decline from $21,800,000 in the previous quarter, indicating a significant drop in profitability.
Credit Loss Provision Impact: The provision for credit losses increased, contributing to a pretax income decline of $6,900,000 to $19,800,000 in the 4th quarter.
Charge-Off Trends Analysis: Net charge-offs totaled $9,500,000 in the 4th quarter, leading to total charge-offs of $38,600,000 for 2024, which represents a concerning trend in asset quality.
Nonperforming Loans Increase: Nonperforming loans rose to $208,700,000 at December 31, an increase of $74,300,000 from the previous quarter, reflecting deteriorating asset quality.
Net Interest Margin Decline: The net interest margin (NIM) declined by 8 basis points to 2.29%, driven by a shift in the mix of average earning assets and a decrease in interest income.
EGBN FAQs
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EGBN Earning Call Sentiment
Earnings call transcript: Eagle Bancorp beats Q4 2024 EPS forecast
EGBN.O
0.05%Positive
The earnings call reveals declining financial metrics, such as net income and net interest margin, and increased nonperforming loans, raising concerns. Despite cautious optimism in office loans and potential opportunities from a competitor's merger, the lack of a clear shareholder return plan and valuation risks contribute to a negative sentiment. The Q&A section highlighted vague responses, particularly concerning GSA impacts, adding uncertainty. These factors, combined with the absence of a strong positive catalyst, suggest a negative stock price movement in the short term.
