Benzinga | Jul 21, 2021 04:46PM EDT

Eagle Bancorp: Q2 Earnings Insights

Shares of Eagle Bancorp (NASDAQ:EGBN) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 66.67% over the past year to $1.50, which beat the estimate of $1.25.

Revenue of $84,632,000 up by 4.02% year over year, which beat the estimate of $84,030,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Eagle Bancorp hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $58.84

52-week low: $24.81

Price action over last quarter: Up 7.58%

Company Description

Eagle Bancorp Inc is a bank holding company that operates primarily through its wholly-owned subsidiary, EagleBank, in Maryland, Washington, D.C., and northern Virginia as an alternative to super-regional financial institutions. The bank was formed by a group of professionals with long-term community banking experience, and its strategy emphasizes personalized customer service. Growth has been mostly organic. The bank's customers are mostly businesses and professionals, as reflected in its loan portfolio. About three-fourths of the loan portfolio is exposed to real estate. Nearly all of its revenue is net interest income.