Eagle Bancorp reported net income of $14.7 million, or $0.48 per share, for the quarter ended March 31, 2026, compared to a $2.4 million loss in Q4 2025. The $17.1 million swing was driven by a $14.7 million reduction in noninterest expenses, the absence of a $10 million legal provision and a $2.1 million lower credit loss provision, partly offset by a $4.6 million drop in net interest income and a $3.9 million higher tax expense.

Total commercial and industrial loans rose $157.7 million (5.2%) quarter-over-quarter, while C&I deposits fell $238 million (11.4%). The CRE concentration ratio declined to 295.1% from 336.6%, ADC concentration fell to 75.7% from 92.1%, and nonperforming assets increased by $21.9 million to $130.8 million, representing 1.31% of total assets.

Net interest margin improved to 2.47% from 2.38%, driven by core deposit inflows and reduced brokered funding costs, despite lower average earning balances. On-balance sheet liquidity stood at $4.3 billion with insured deposits at 74.2% of total, and common equity tier 1 capital ratio remained strong at 13.80%.

The board declared a $0.01 per share cash dividend payable May 15, 2026, to shareholders of record May 4. Management highlighted progress on asset quality improvement, capital accretion, balance sheet diversification and plans to expand pre-provision net revenue through 2026.