Eagle Reports Q1 Revenue of $76.4M, Beating Expectations
Reports Q1 revenue $76.4M, consensus $69.39M. Reports Q1 tangible book value per share $37.56. Reports Q1 net charge-offs 1.46%. Eagle reported a net income of $14.7M for the first quarter, compared to a net loss of $2.4M for the fourth quarter of 2025. The $17.1M improvement from the prior quarter is primarily due to a $14.7M decrease in noninterest expense related to lower loan disposition expenses, a $10M legal provision that did not reoccur in the first quarter, and a $2.1M lower provision for credit losses. "We are pleased to begin the year with meaningful progress against our near-term strategic priorities, including asset quality improvement, capital accretion through earnings, and continued diversification of our balance sheet across both assets and funding sources." said Susan Riel, president, and CEO of the company.
