Eagle Bancorp, Inc. (NASDAQ: EGBN) (“the company”) is an $11 billion in assets Bethesda, MD-based BHC that emphasizes relationship-based commercial lending in the economically vibrant 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 LPOs throughout its footprint and holds a top 10 deposit market share position in the DC MSA.
As a commercially centric lender, EGBN’s $8.0 billion loan portfolio is centered in investor CRE (including multifamily), representing 53% of loans, and commercial and industrial (C&I) lending (including owner-occupied CRE), representing 31% of loans, followed by construction and development (C&D) accounting for 14% of loans, as of 2Q24.
Growth avenues have been primarily organic, although supplemented by two acquisitions: Fidelity Bank & Trust Financial Corporation…
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