Eagle Bancorp reported second-quarter net income of $6.9 million, down from $14.7 million in the prior quarter, as elevated credit costs and continued balance-sheet repositioning weighed on results. Criticized and classified assets fell to $759.6 million, and the commercial real estate concentration ratio dropped to 268%, while the allowance for credit losses stood at $121.1 million. New CEO Steve Curley said his immediate focus is on stabilizing the balance sheet, improving core deposits, and eventually returning to disciplined loan growth, especially in C&I lending. Net interest margin expanded five basis points to 2.52%, and pre-provision net revenue rose to $29.1 million. Management revised its 2026 outlook to reflect first-half reductions but does not assume continued declines in the second half.
Eagle Bancorp IncNet income fell to $6.9M from $14.7M due to elevated credit costs and balance-sheet repositioning.