Eagle Bancorp (EGBN) Tops Q3 EPS by 47c

Eagle Bancorp (NASDAQ: EGBN) reported Q3 EPS of $1.28, $0.47 better than the analyst estimate of $0.81.

• Record net income of $41.3 million supported by gain on sale of loans of $12.2 million
• Lower credit costs and OREO recovery
• Net interest margin of 3.08%
• Nonperforming assets were 0.62% of total assets and the allowance for credit losses on loans was 1.40% of total loans (CECL adopted January 1, 2020)
• Improved operating leverage resulting in efficiency ratio of 38.10%

For earnings history and earnings-related data on Eagle Bancorp (EGBN) click here.

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