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Sep 30, 2024
Eagle Bancorp Q3 2024 Earnings Report
Reported strong profitability and growth in key areas.
Key Takeaways
Eagle Bancorp reported a net income of $31.8 million and EPS of $0.99 for Q3 2024. The company saw growth in loans and deposits, and maintained strong asset quality.
Net income reached $31.8 million, with an EPS of $0.99.
Total loans grew by $237.0 million, or 2.4% during the quarter.
Deposits increased by $174.0 million, or 1.5% for the quarter.
Non-performing assets remained low at 0.07% of total assets.
Forward Guidance
Eagle Bancorp anticipates continued loan and deposit growth, stable asset quality, and consistent profitability.
Positive Outlook
- Continued growth in loans and deposits.
- Maintaining strong asset quality.
- Consistent profitability.
- Expansion in key markets.
- Technological advancements for better customer experience.
Challenges Ahead
- Potential impact of interest rate fluctuations.
- Increased competition in the banking sector.
- Regulatory changes affecting operational costs.
- Economic slowdown affecting loan demand.
- Geopolitical risks impacting market stability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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