Benzinga | Oct 21, 2020 05:00PM EDT

Recap: Eagle Bancorp Q3 Earnings

Shares of Eagle Bancorp (NASDAQ:EGBN) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 18.52% year over year to $1.28, which beat the estimate of $0.81.

Revenue of $79,038,000 decreased by 2.41% year over year, which missed the estimate of $80,280,000.

Outlook

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

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

Price Action

52-week high: $49.84

Company's 52-week low was at $23.08

Price action over last quarter: down 6.57%

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.