The Bank provides a range of commercial and consumer lending products to small, medium and large-sized businesses and to individuals for various business and personal purposes, including commercial loans for a range of business purposes, such as for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset-based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as auto and personal loans; personal credit cards offered through an outside vendor, and residential mortgage loans. The Bank’s loan portfolio includes traditional business and real estate secured loans. The Bank’s consumer loans portfolio includes two loan types, such as home equity lines of credit that are structured with an interest only draw period followed either by a balloon maturity or a fully amortized repayment schedule, and first lien residential mortgage loans. The Bank is also a traditional commercial lender providing loans for a range of purposes, including cash flow, equipment and account receivable financing. Its loan portfolio also includes home equity loans and lines of credit, and other consumer loans. Its loan portfolio also consists of residential home mortgage loans. The Company’s loan portfolio also includes acquisition, development and construction (ADC) real estate loans, including both investment and owner occupied projects. As of December 31, 2016, the Company’s loans amounted to approximately $5.67 billion.
The Company maintains a portfolio of short-term investments and investment securities consisting primarily of the United States Government agency bonds and government sponsored enterprise mortgage backed securities, municipal bonds and corporate bonds. The Bank also owns equity investments related to membership in the Federal Reserve System and the Federal Home Loan Bank of Atlanta (FHLB). The Bank’s securities portfolio also consists of equity investments in the form of common stock of over two local banking companies. As of December 31, 2016, the Company’s investment portfolio amounted to $538.1 million.
Sources of Funds
The Bank’s principal sources of funds are core deposits. The Bank’s deposit services include demand deposits, money market accounts, negotiable order of withdrawal (NOW) accounts, and savings accounts. Additionally, the Bank obtains certificates of deposits from the local market areas surrounding the Bank’s offices. The deposit base includes transaction accounts, time and savings accounts, and accounts, which customers use for cash management. As of December 31, 2016, the Company’s total deposits were $5.71 billion.
The Company has a direct non-banking subsidiary, Eagle Commercial Ventures, LLC (ECV), which provides subordinated financing for the acquisition, development and construction of real estate projects. The Bank has two subsidiaries: Bethesda Leasing, LLC and Eagle Insurance Services, LLC. Bethesda Leasing, LLC holds title to and operates real estate owned and acquired through foreclosure. Eagle Insurance Services, LLC facilitates the placement of commercial and retail insurance products.
|Bank Name||Eagle Bancorp, Inc.|
|World Region||"North America "|
|Chairman||Mr. Ronald D. Paul|
|CEO||Mr. Ronald D. Paul|
|€ m||€ m||€ m|
|Total interest income||324||286||253|
|Total Interest Expenses||40||28||19|
|Net Interest income||284||258||234|
|Total Net Revenue||313||285||262|
|Earnings per share|
|Total current assets||–||–||–|
|Total current liabilities||–||–||–|
|Net cash provided by operating activities||161||117||99|
|Net cash used for investment activities||810||751||797|
|Net cash provided by financing activities||472||704||741|
|Currency in EUR, All numbers in million.|
4/18/2018 – Eagle Bancorp, Inc. Announces 32% Increase In Net Income For First Quarter Of 2018 Over 2017 And Total Assets Of $7.7 Billion
4/2/2018 – Eagle Bancorp Announces Earnings Call on April 19, 2018
3/12/2018 – EagleBank Announces Five-Year Partnership with D.C. United
3/05/2018 – Eagle Bancorp, Inc. Announces the Appointment of Norman R. Pozez to Vice Chairman of the Board of Directors