Eagle Bancorp, Inc. (NASDAQ: EGBN) (“the company”) is a $9.7 billion asset Bethesda, MD-based BHC that emphasizes relationship-based commercial lending in the Washington, D.C. MSA, including Northern Virginia and Montgomery County, MD.
The company’s primary subsidiary, EagleBank (“the bank”), operates a branch lite model with 12 branches and 4 lending offices throughout its operating footprint and holds a top 10 deposit market share position in the DC MSA.
The loan portfolio is commercially focused comprised of 25% non-owner occupied CRE, 15% C&I, 18% owner occupied CRE, 12% multifamily, and 14% C&D as of 2Q26. EGBN has reduced its Office exposure to 8% of total loans as of 2Q26.
Key Credit Considerations
The maintenance of the Negative Outlook reflects the company's ongoing credit challenges, including meaningful credit migration within the office and multifamily portfolios. Although the company has made significant…
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