What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2025-11-07 compared with 2025-08-07 · 268 added, 279 removed, 1199 unchanged (31% of the section changed)

3 unchanged sentences

(dollars in thousands, except share and per share data)

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

Cash and due from banks $ 7,938 $ 11,882

14 unchanged sentences

Bank-owned life insurance 330,426 115,806

Intangible assets, net 9 16

Other real estate owned 14,684 2,743

23 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 3

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands, except per share data)

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

2025 2024 2025 2024

17 unchanged sentences

Service charges on deposits 1,773 1,747 5,287 5,099

Gain on sale of loans — 37 — 37

Gain (loss) on sale of loans

( 3,550 ) 20 ( 3,550 ) 57

Net gain (loss) on sale of investment securities ( 1,982 ) 3 ( 3,832 ) 10

13 unchanged sentences

Income (Loss) Before Income Tax Expense ( 84,420 ) 26,679 ( 191,171 ) ( 50,035 )

Income Tax Expense ( 39,423 ) 4,429 ( 38,651 ) 7,426

Income Tax Expense (Benefit)

( 16,907 ) 4,864 ( 55,558 ) 12,290

Net Income (Loss) $ ( 67,513 ) $ 21,815 $ ( 135,613 ) $ ( 62,325 )

3 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 4

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands)

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

2025 2024 2025 2024

3 unchanged sentences

Reclassification adjustment for net (gain) loss included in net income (loss) 1,586 ( 2 ) 2,717 ( 8 )

1,185 ( 2 ) 1,180 ( 6 )

Total unrealized gain (loss) on investment securities available-for-sale 9,425 35,336 40,199 33,893

4 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 5

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

EAGLE BANCORP, INC.

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

Three Months Ended September 30, 2025 and 2024

(dollars in thousands, except share data)

5 unchanged sentences

Shares Amount

Balance as of April 1, 2025

Balance as of July 1, 2025

30,364,983 $ 300 $ 388,927 $ 904,205 $ ( 108,365 ) $ 1,185,067

6 unchanged sentences

— — — ( 5,007 ) — ( 5,007 )

Balance as of June 30, 2025

Balance as of September 30, 2025

30,366,555 $ 300 $ 389,305 $ 831,685 $ ( 97,814 ) $ 1,123,476

Balance as of April 1, 2024

Balance as of July 1, 2024

30,180,482 $ 297 $ 380,142 $ 949,863 $ ( 160,843 ) $ 1,169,459

6 unchanged sentences

— — — ( 4,659 ) — ( 4,659 )

Balance as of June 30, 2024

Balance as of September 30, 2024

30,173,200 $ 298 $ 382,284 $ 967,019 $ ( 124,177 ) $ 1,225,424

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 6

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

EAGLE BANCORP, INC.

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

Nine Months Ended September 30, 2025 and 2024

(dollars in thousands, except share data)

14 unchanged sentences

— — — ( 15,006 ) — ( 15,006 )

Balance as of June 30, 2025

Balance as of September 30, 2025

30,366,555 $ 300 $ 389,305 $ 831,685 $ ( 97,814 ) $ 1,123,476

8 unchanged sentences

— — — ( 32,112 ) — ( 32,112 )

Balance as of June 30, 2024

Balance as of September 30, 2024

30,173,200 $ 298 $ 382,284 $ 967,019 $ ( 124,177 ) $ 1,225,424

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 7

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands)

For the Six Months Ended June 30,

For the Nine Months Ended September 30,

Cash Flows From Operating Activities:

5 unchanged sentences

Depreciation and amortization 2,311 2,162

Gains on sale of loans — ( 37 )

Gains (loss) on sale of residential mortgage loans — ( 57 )

Loss on mortgage servicing rights — ( 1,512 )

14 unchanged sentences

Purchases of Federal Reserve stock ( 189 ) ( 222 )

Proceeds from (purchases of) of Federal Home Loan Bank stock 21,272 ( 28,384 )

Proceeds from (purchases of) Federal Home Loan Bank stock 23,647 ( 11,758 )

Proceeds from sale of mortgage servicing rights — 4,798

Net change in loans 226,683 ( 32,828 )

Proceeds from sale of loans 18,500 —

(Purchase) redemption of bank owned life insurance ( 200,000 ) —

4 unchanged sentences

Increase (decrease) in deposits 332,481 ( 267,189 )

(Decrease) increase in customer repurchase agreements ( 9,715 ) 8,633

Increase in short-term borrowings ( 440,000 ) 2,650,000

Increase (decrease) in customer repurchase agreements ( 19,432 ) 1,453

Decrease in short-term borrowings ( 490,000 ) ( 130,000 )

Net proceeds from long-term borrowings — 75,812

Proceeds from exercise of equity compensation plans ( 1,160 ) —

Proceeds from employee stock purchase plan 308 347

12 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 8

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

EAGLE BANCORP, INC.

31 unchanged sentences

AFS securities are acquired as part of the Company’s asset/liability management strategy and may be sold in response to changes in interest rates, current market conditions, loan demand, changes in prepayment risk and other factors.

AFS securities are carried at fair value, with unrealized gains or losses, other than impairment losses, being reported as accumulated other comprehensive income (loss), a separate component of shareholders’ equity, net of deferred income tax.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

net of deferred income tax.

Realized gains and losses, using the specific identification method, are included as a separate component of noninterest income in the Consolidated Statements of Operations.

2 unchanged sentences

Transfers of debt securities into the HTM category from the AFS category are made at amortized cost, net of unrealized gain or loss reported in accumulated other comprehensive income (loss) at the date of transfer.

The unrealized holding gain or loss at

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 9

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

the date of transfer is retained in other comprehensive income (loss) and in the carrying value of the HTM securities.

The unrealized holding gain or loss at the date of transfer is retained in other comprehensive income (loss) and in the carrying value of the HTM securities.

Such amounts are amortized over the remaining life of the security.

15 unchanged sentences

The table below presents a breakdown of the current provision for credit losses included in our Consolidated Statements of Operations.

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(dollars in thousands) 2025

11 unchanged sentences

The remainder of the portfolio, representing all loans not evaluated individually for impairment, is pooled into portfolio segments by call report codes and a loan-level probability of default ("PD") / Loss Given Default ("LGD") cash flow method is applied using an exposure at default ("EAD") model.

These historical loss rates are then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments.

These historical loss rates are

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

then modified to incorporate our reasonable and supportable forecast of future losses at the portfolio segment level, as well as any necessary qualitative adjustments.

The Company uses regression analysis of historical internal and peer data provided by a third-party provider (as Company loss data is insufficient) to determine suitable credit loss drivers to utilize when modeling lifetime PD and LGD.

5 unchanged sentences

EAD is based on each instrument's underlying amortization schedule in order to estimate the bank's expected credit loss exposure at the time of the borrower's potential default.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 10

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

Portfolio segments are used to pool loans with similar risk characteristics and align with our methodology for measuring current expected credit losses ("CECL").

27 unchanged sentences

This category also includes other loan items such as overdrawn deposit accounts as well as loans and loan payments in process.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

The ACL also includes a qualitative adjustment for inherent risks not reflected in the historical quantitative analysis associated with the reasonable and supportable forecast.

10 unchanged sentences

We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from loans that are secured by cash or marketable securities, to watch list loans that have all the characteristics of an acceptable credit risk but warrant more than the normal level of monitoring.

Special mention loans are those that are currently protected by the sound

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 11

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk.

Special mention loans are those that are currently protected by the sound worth and paying capacity of the borrower, but that are potentially weak and constitute an additional credit risk.

These loans have the potential to deteriorate to a substandard grade due to the existence of financial or administrative deficiencies.

20 unchanged sentences

When repayment is expected to be from the operation of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the net present value ("NPV") from the operation of the collateral.

When repayment is expected to be from the sale of the collateral, expected credit losses are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell.

When repayment is expected to be from the sale of the collateral, expected credit losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

are calculated as the amount by which the amortized cost basis of the financial asset exceeds the fair value of the underlying collateral less estimated cost to sell.

The ACL may be zero if the fair value of the collateral at the measurement date exceeds the amortized cost basis of the financial asset.

10 unchanged sentences

In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors.

If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 12

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

compared to the amortized cost basis of the security.

If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security.

If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an ACL is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis.

15 unchanged sentences

If the Company determines that a security indicates evidence of deteriorated credit quality, the security is individually evaluated and a discounted cash flow analysis may be performed and compared to the amortized cost basis.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures

22 unchanged sentences

The effective dates of the amendments are predicated on the SEC removing its related disclosure requirements from its regulations.

However, if by June 30, 2027, the SEC has not removed the related

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 13

Table of Contents Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity.

However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity.

We are currently in the process of evaluating this guidance.

5 unchanged sentences

There is no material impact to the interim disclosures.

2024-01, "Compensation—Stock Compensation (Topic 718):

Scope Application of Profits Interest and Similar Awards" ("ASU 2024-01") clarifies how an entity determines whether a profits interest or similar award (hereafter a "profits interest award") is accounted for either (1) as a share-based payment arrangement, and therefore, within the scope of ASC 718 or (2) not a share-based payment arrangement and therefore within the scope of other guidance.

ASU 2024-01 also improves the clarity and operation of the guidance in ASC 718-10-15-3.

The guidance in ASU 2024-01 applies to all entities that issue profits interest awards as compensation to employees or non-employees in exchange for goods or services.

For public business entities, the amendments are effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods.

For all other entities, the amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those annual periods.

Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance.

If an entity adopts the amendments in an interim period, it should adopt them as of the beginning of the annual period that includes that interim period.

The amendments should be applied (i) retrospectively to all prior periods presented in the financial statements or (ii) prospectively to profits interest and similar awards granted or modified on or after the date at which the entity first applies the amendments.

If the amendments are applied prospectively, an entity is required to disclose the nature of and reason for the change in accounting principle.

We have determined that the Company has not issued profits interests within the scope of this ASU.

2024-02, "Codification Improvements—Amendments to Remove References to the Concepts Statements" ("ASU 2024-02") amends the Accounting Standard Codification (“Codification”) by removing references to various concepts statements.

In most instances, the references are extraneous and not required to understand or apply the guidance.

In other instances, the references were used in prior statements to provide guidance in certain topical areas.

As stated in paragraph 105-10-05-3 of the Codification, FASB Concepts Statements are non-authoritative.

These amendments will simplify the Codification which will further draw a distinction between authoritative and non-authoritative literature.

The amendments are effective for public business entities for fiscal years beginning after December 15, 2024.

For all other entities, the amendments are effective for fiscal years beginning after December 15, 2025.

Early application of the amendments is permitted for all entities, for any fiscal year or interim period for which financial statements have not yet been issued (or made available for issuance).

If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period.

An entity should apply the amendments using one of the following transition methods:

(1) prospectively to all new transactions recognized on or after the date that the entity first applies the amendments, or (2) retrospectively to the beginning of the earliest comparative period presented in which the amendments were first applied.

We have removed all references to the Concepts Statements in our public filings.

2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40);

6 unchanged sentences

ASU 2024-03 does not change or remove existing expense disclosure requirements;

however, it may affect where that information appears in the footnotes to the financial statements.

however, it may affect where that information appears in the footnotes to the

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 1 – Summary of Significant Accounting Policies

financial statements.

The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027.

2 unchanged sentences

The company will expand its disclosures in the annual reporting period beginning after December 15, 2026 and interim reporting periods after to include disaggregated information related to the expenses required by the standard.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 14

Table of Contents Notes to Consolidated Financial Statements | Note 2 – Cash and Due from Banks

2025-06, "Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40)";

Targeted Improvements to the Accounting for Internal-Use Software ("ASU 2025-06") amends guidance related to the accounting for internal-use software development costs.

The amendments are intended to modernize the recognition and capitalization framework to reflect current software development practices, including iterative and agile methodologies, by removing references to "development stages".

It also clarifies the criteria for capitalization, which begins when both of the following occur:

(1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended.

The amendments in ASU 2025-06 are effective for annual periods beginning after December 15, 2027, and interim periods within those annual periods, which for the Company would be the fiscal first quarter ending March 31, 2028.

Early adoption is permitted as of the beginning of an annual reporting period.

ASU 2025-06 allows companies to elect one of the following adoption methods to apply its amendments:

a prospective transition approach, a retrospective transition approach, or a modified transition approach that is based on the status of the project and whether software costs were capitalized before the date of adoption.

The Company is currently evaluating the impact the new accounting standard will have on its policy for capitalization of development costs for software intended for internal use.

2025-07, "Derivatives and Hedging (Topic 815)—Derivatives Scope Refinements (Issue 1)" ("ASU 2025-07").

I n September 2025, the FASB issued ASU 2025-07 to refine the scope of derivative accounting under ASC 815 and clarify the treatment of share-based noncash consideration from customers under ASC 606.

The update provides a new scope exception for certain contracts based on a party’s own operations, removing them from derivative accounting.

It also clarifies that share-based consideration from customers should be measured at fair value at contract inception and included in the transaction price only if the right to receive it is unconditional.

Subsequent fair value changes before the right becomes unconditional are not recognized in revenue.

The ASU is effective for annual periods beginning after December 15, 2026, with early adoption permitted, and transition options include prospective or modified retrospective application.

Entities will need to reassess existing contracts and update processes for valuation and revenue recognition related to customer share-based payments.

The Company is currently in the process of evaluating this guidance.

Note 2 – Cash and Due from Banks

For the six months ended June 30, 2025 and 2024, the Bank maintained average daily balances at the Federal Reserve Bank of Richmond ("Federal Reserve Bank") of $ 1.4 billion and $ 1.7 billion, respectively, on which interest is paid.

For the nine months ended September 30, 2025 and 2024, the Bank maintained average daily balances at the Federal Reserve Bank of Richmond ("Federal Reserve Bank") of $ 1.4 billion and $ 1.6 billion, respectively, on which interest is paid.

Additionally, the Bank maintains interest-bearing balances with the Federal Home Loan Bank of Atlanta ("FHLB") and noninterest-bearing balances with domestic correspondent banks to cover associated costs for services they provide to the Bank.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 3 – Investment Securities

Note 3 – Investment Securities

The table below summarizes the Company's investment in AFS securities by major security type.

As of June 30, 2025

As of September 30, 2025

(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value

6 unchanged sentences

As of December 31, 2024

(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Estimated Fair Value

treasury bonds $ 24,988 $ — $ ( 212 ) $ — $ 24,776

5 unchanged sentences

Total available-for-sale securities $ 1,408,935 $ 36 $ ( 141,545 ) $ ( 22 ) $ 1,267,404

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 3 – Investment Securities

The table below summarizes the Company's investment in HTM securities by major security type.

As of June 30, 2025

As of September 30, 2025

(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value

7 unchanged sentences

As of December 31, 2024

(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value

Residential mortgage-backed securities $ 605,904 $ — $ ( 85,941 ) $ 519,963

5 unchanged sentences

Total held-to-maturity securities, net of ACL $ 938,647

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 15

Table of Contents Notes to Consolidated Financial Statements | Note 3 – Investment Securities

In addition, as of June 30, 2025 and December 31, 2024, the Company held $ 30.6 million and $ 51.8 million in non-marketable equity securities, respectively, in a combination of Federal Reserve System ("Federal Reserve Board", "Federal Reserve" or "FRB") and FHLB stocks, which are required to be held for regulatory purposes.

In addition, as of September 30, 2025 and December 31, 2024, the Company held $ 28.3 million and $ 51.8 million in non-marketable equity securities, respectively, in a combination of Federal Reserve System ("Federal Reserve Board", "Federal Reserve" or "FRB") and FHLB stocks, which are required to be held for regulatory purposes.

These securities cannot be disposed of other than through redemption by the issuer and, if redeemed, would be redeemed at the original cost.

The securities are carried at cost, classified as restricted securities, and periodically evaluated for impairment based on ultimate recovery of par value.

As of June 30, 2025 and December 31, 2024, the Company had $ 41.6 million and $ 44.8 million, respectively, of unamortized unrealized losses outstanding following the transfer of investment securities from AFS to HTM in 2022.

As of September 30, 2025 and December 31, 2024, the Company had $ 40.0 million and $ 44.8 million, respectively, of unamortized unrealized losses outstanding following the transfer of investment securities from AFS to HTM in 2022.

These unrealized losses are included in accumulated other comprehensive loss and are amortized through interest income as a yield adjustment over the remaining term of the securities.

Accrued interest receivable on investment securities totaled $ 6.2 million and $ 6.6 million as of June 30, 2025 and December 31, 2024, respectively.

Accrued interest receivable on investment securities totaled $ 5.9 million and $ 6.6 million as of September 30, 2025 and December 31, 2024, respectively.

The accrued interest on investment securities is excluded from the amortized cost of the securities and is reported in other assets in the Consolidated Balance Sheets.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 3 – Investment Securities

The table below summarizes, by length of time, the Company's AFS securities that have been in a continuous unrealized loss position and HTM securities that have been in a continuous unrecognized loss position.

As of September 30, 2025

Less than 12 Months 12 Months or Greater Total

(dollars in thousands) Number of Securities Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses

As of June 30, 2025

Investment securities available-for-sale:

11 unchanged sentences

Total 212 $ 6,216 $ ( 574 ) $ 771,624 $ ( 86,406 ) $ 777,840 $ ( 86,980 )

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 16

Table of Contents Notes to Consolidated Financial Statements | Note 3 – Investment Securities

As of December 31, 2024

Less than 12 Months 12 Months or Greater Total

(dollars in thousands) Number of Securities Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses

As of December 31, 2024

Investment securities available-for-sale:

12 unchanged sentences

Total 222 $ 5,954 $ ( 152 ) $ 804,394 $ ( 119,419 ) $ 810,348 $ ( 119,571 )

As of June 30, 2025, unrealized losses were generally attributable to changes in market interest rates and interest spread relationships subsequent to the dates the securities were originally purchased, and were considered to be temporary, and not due to credit quality concerns on the investment securities.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 3 – Investment Securities

As of September 30, 2025, unrealized losses were generally attributable to changes in market interest rates and interest spread relationships subsequent to the dates the securities were originally purchased, and were considered to be temporary, and not due to credit quality concerns on the investment securities.

The fair values of these securities are expected to recover as the securities approach their respective maturity dates.

The Company does not intend to sell and it is likely that it will not be required to sell the securities prior to their anticipated recovery.

The Company measures its AFS and HTM securities portfolios for current expected credit losses as part of its ACL analysis.

For further information on provision for credit losses on AFS and HTM securities, see the Allowance for Credit Losses discussion in "Note 1 – Summary of Significant Accounting Policies".

As of June 30, 2025 and December 31, 2024, the Company had an allowance for credit losses outstanding of zero and $ 22 thousand, respectively, on its AFS securities and $ 1.2 million and $ 1.3 million, respectively, on its HTM securities, each of which primarily comprise allowances for corporate bonds.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 17

Table of Contents Notes to Consolidated Financial Statements | Note 3 – Investment Securities

As of September 30, 2025 and December 31, 2024, the Company had an allowance for credit losses outstanding of zero and $ 22 thousand, respectively, on its AFS securities and $ 1.2 million and $ 1.3 million, respectively, on its HTM securities, each of which primarily comprise allowances for corporate bonds.

The table below summarizes the Company's investment in AFS securities and HTM securities by contractual maturity.

Expected maturities for mortgage-backed securities ("MBS") will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

As of June 30, 2025

As of September 30, 2025

(dollars in thousands) Amortized Cost Estimated Fair Value

20 unchanged sentences

The table below displays information about the sales and calls of our investment securities.

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(dollars in thousands) 2025 2024 2025 2024

2 unchanged sentences

Gross realized losses from sales and calls 1,985 — 3,844 —

As of June 30, 2025 and December 31, 2024, the book value of securities pledged as collateral for certain government deposits, securities sold under agreements to repurchase and certain lines of credit with correspondent banks was $ 620.6 million and $ 369.1 million, respectively, which were well in excess of required amounts in order to operationally provide significant reserve amounts for new business.

As of June 30, 2025 and December 31, 2024, there were no holdings of securities of any one issuer, other than the U.S.

As of September 30, 2025 and December 31, 2024, the book value of securities pledged as collateral for certain government deposits, securities sold under agreements to repurchase and certain lines of credit with correspondent banks was $ 597.0 million and $ 369.1 million, respectively, which were well in excess of required amounts in order to operationally provide significant reserve amounts for new business.

As of September 30, 2025 and December 31, 2024, there were no holdings of securities of any one issuer, other than the U.S.

Government and U.S.

agency securities, which exceeded ten percent of shareholders’ equity.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 18

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Note 4 – Loans and Allowance for Credit Losses

3 unchanged sentences

The table below presents HFI Loans, net of unamortized net deferred fees, summarized by portfolio segment.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(dollars in thousands) Amount % Amount %

12 unchanged sentences

$ 7,148,451 $ 7,820,498

(1) Excludes accrued interest receivable of $ 37.8 million and $ 42.9 million as of June 30, 2025 and December 31, 2024, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Unamortized net deferred fees and costs were $ 18.4 million and $ 18.8 million as of June 30, 2025 and December 31, 2024, respectively.

During the six months ended June 30, 2025, certain loans were reclassified from HFI to HFS loans with the mark-to-market value of $ 37.6 million as reported on the Consolidated Balance Sheets.

As of June 30, 2025 and December 31, 2024, the Bank serviced $ 77.5 million and $ 63.7 million, respectively, of SBA loans and other loan participations, which are not reflected as loan balances on the Consolidated Balance Sheets.

(1) Excludes accrued interest receivable of $ 36.9 million and $ 42.9 million as of September 30, 2025 and December 31, 2024, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Unamortized net deferred fees and costs were $ 18.4 million and $ 18.8 million as of September 30, 2025 and December 31, 2024, respectively.

During the nine months ended September 30, 2025, certain loans, primarily income producing commercial real estate loans, were reclassified from HFI to HFS loans with the mark-to-market value of $ 136.5 million as reported on the Consolidated Balance Sheets, of which $ 121.3 million were on nonaccrual status.

As of September 30, 2025 and December 31, 2024, the Bank serviced $ 77.4 million and $ 63.7 million, respectively, of SBA loans and other loan participations, which are not reflected as loan balances on the Consolidated Balance Sheets.

During the year ended December 31, 2024, the Company sold the remaining servicing rights to all FHA loans.

13 unchanged sentences

Commercial land acquisition and construction loans generally are underwritten with a maximum term of 24 months.

Substantially all construction draw requests must be presented in writing on American Institute of Architects documents and certified either by the contractor, the borrower and/or the borrower’s architect.

Substantially all construction draw requests must be presented in writing on American Institute of Architects

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

documents and certified either by the contractor, the borrower and/or the borrower’s architect.

Each draw request shall also include the borrower’s soft cost breakdown certified by the borrower or their Chief Financial Officer.

Prior to an advance, the Bank or its contractor inspects the project to determine that the work has been completed, to justify the draw requisition.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 19

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Commercial permanent loans are generally secured by improved real property which is generating income in the normal course of operation.

5 unchanged sentences

The Company’s loan portfolio includes ADC real estate loans including both investment and owner occupied projects.

ADC loans amounted to $ 1.7 billion as of June 30, 2025.

ADC loans amounted to $ 1.5 billion as of September 30, 2025.

A portion of the ADC portfolio, both speculative and non-speculative, includes loan-funded interest reserves at origination.

ADC loans that provide for the use of interest reserves represent approximately 55 % of the outstanding ADC loan portfolio as of June 30, 2025.

ADC loans that provide for the use of interest reserves represent approximately 54 % of the outstanding ADC loan portfolio as of September 30, 2025.

The decision to establish a loan-funded interest reserve is made upon origination of the ADC loan and is based upon a number of factors considered during underwriting of the credit including:

14 unchanged sentences

If a project has not performed as expected, it is not the customary practice of the Company to increase loan funded interest reserves.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The table below details activity in the ACL by portfolio segment.

1 unchanged sentence

Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 20

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

(dollars in thousands) Commercial Income

1 unchanged sentence

Occupied - Commercial Real Estate Real Estate Mortgage - Residential Construction -Commercial and Residential Construction - C&I (Owner Occupied) Home Equity Other Consumer Total

For the Three Months Ended June 30, 2025

For the Three Months Ended September 30, 2025

Allowance for credit losses:

Balance at beginning of year $ 20,662 $ 61,937 $ 26,872 $ 670 $ 16,891 $ 1,680 $ 724 $ 33 $ 129,469

Balance at beginning of quarter

$ 16,171 $ 135,211 $ 14,634 $ 382 $ 13,756 $ 3,101 $ 510 $ 32 $ 183,797

Loans charged-off ( 529 ) ( 123,388 ) ( 10,000 ) — ( 7,134 ) — — — ( 141,051 )

3 unchanged sentences

Ending balance $ 24,242 $ 95,395 $ 20,149 $ 357 $ 13,983 $ 1,561 $ 515 $ 26 $ 156,228

For the Three Months Ended June 30, 2024

For the Three Months Ended September 30, 2024

Allowance for credit losses:

Balance at beginning of year $ 23,682 $ 45,937 $ 13,537 $ 893 $ 13,058 $ 1,929 $ 618 $ 30 $ 99,684

Balance at beginning of quarter

$ 21,011 $ 53,251 $ 15,641 $ 750 $ 13,510 $ 1,431 $ 677 $ 30 $ 106,301

Loans charged-off ( 1,563 ) — ( 3,800 ) — — — — ( 17 ) ( 5,380 )

3 unchanged sentences

Ending balance $ 20,303 $ 53,312 $ 20,071 $ 738 $ 15,417 $ 1,297 $ 700 $ 29 $ 111,867

For the Six Months Ended June 30, 2025

For the Nine Months Ended September 30, 2025

Allowance for credit losses:

Balance at beginning of year $ 19,390 $ 55,185 $ 22,654 $ 610 $ 14,585 $ 1,282 $ 653 $ 31 $ 114,390

Balance at beginning of period

$ 16,293 $ 65,375 $ 19,295 $ 472 $ 11,333 $ 1,079 $ 515 $ 28 $ 114,390

Loans charged-off ( 1,497 ) ( 197,582 ) ( 19,797 ) — ( 17,837 ) — — ( 35 ) ( 236,748 )

3 unchanged sentences

Ending balance $ 24,242 $ 95,395 $ 20,149 $ 357 $ 13,983 $ 1,561 $ 515 $ 26 $ 156,228

For the Six Months Ended June 30, 2024

For the Nine Months Ended September 30, 2024

Allowance for credit losses:

Balance at beginning of year $ 17,824 $ 40,050 $ 14,333 $ 861 $ 10,198 $ 1,992 $ 657 $ 25 $ 85,940

Balance at beginning of period

$ 17,824 $ 40,050 $ 14,333 $ 861 $ 10,198 $ 1,992 $ 657 $ 25 $ 85,940

Loans charged-off ( 4,150 ) ( 21,329 ) ( 3,800 ) — ( 129 ) — — ( 88 ) ( 29,496 )

3 unchanged sentences

Ending balance $ 20,303 $ 53,312 $ 20,071 $ 738 $ 15,417 $ 1,297 $ 700 $ 29 $ 111,867

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 21

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The table below presents the amortized cost basis of collateral-dependent HFI loans by portfolio segment.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(dollars in thousands) Business/Other Assets Real Estate Business/Other Assets Real Estate

27 unchanged sentences

The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the assets, its classification as an estimated loss is deferred until its more exact status may be determined.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 22

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The Company's credit quality indicators are generally updated annually, however, credits rated "Special Mention" or below are reviewed more frequently.

The table below presents the amortized cost basis of HFI loans by risk category, class and year of origination, along with any charge-offs that were recorded in the applicable loan segment, if applicable.

The table below excludes $170.3 million of gross charge-offs associated with loans that were reclassified to HFS or sold during the nine months ended September 30, 2025, of which $ 124.1 million was related to HFS loans on our balance sheet as of September 30, 2025.

As of September 30, 2025

(dollars in thousands) Prior 2021 2022 2023 2024 2025

2 unchanged sentences

to Term Total

As of June 30, 2025

Pass $ 98,504 $ 20,177 $ 40,374 $ 70,251 $ 94,408 $ 266,338 $ 515,191 $ 2,881 $ 1,108,124

23 unchanged sentences

Special Mention — 35,654 24,981 — — — — — 60,635

— 3,596 — — — — — — 3,596

Substandard 10,498 7,912 15,551 — — — — — 33,961

11 unchanged sentences

Total YTD gross charge-offs $ ( 65,856 ) $ ( 316 ) $ — $ — $ — $ — $ ( 279 ) $ ( 32 ) $ ( 66,483 )

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 23

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The Company individually evaluates nonaccrual loans when performing its CECL estimate to calculate the ACL.

Additionally, the Company utilizes historical internal and third-party service provider sourced loss data in the determination of its PD/LGD rates applied in the calculation of its CECL estimate.

Upon determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off.

Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

As of December 31, 2024

(dollars in thousands) Prior 2020 2021 2022 2023 2024

2 unchanged sentences

to Term Total

As of December 31, 2024

Pass $ 132,595 $ 26,775 $ 133,400 $ 110,439 $ 89,608 $ 104,927 $ 513,645 $ 4,394 $ 1,115,783

35 unchanged sentences

Total YTD gross charge-offs $ ( 38,247 ) $ ( 386 ) $ — $ — $ — $ — $ ( 523 ) $ ( 51 ) $ ( 39,207 )

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Nonaccrual and Past Due Loans

4 unchanged sentences

Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 24

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The table below presents, by portfolio segment, information related to the amortized cost basis of nonaccrual HFI loans.

June 30, 2025 December 31, 2024

September 30, 2025 December 31, 2024

(dollars in thousands) Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Loans Nonaccrual with No Allowance for Credit Loss Nonaccrual with an Allowance for Credit Losses Total Nonaccrual Loans

5 unchanged sentences

Home equity 499 — 499 303 — 303

Other consumer — — — — — —

$ 48,654 $ 69,993 $ 118,647 $ 49,608 $ 159,098 $ 208,706

(1) Gross coupon interest income of $ 10.2 million, and $ 2.9 million would have been recorded for the six months ended June 30, 2025 and 2024 respectively, if nonaccrual loans shown above had been current and in accordance with their original terms, while interest actually recorded on such loans were $ 6.7 million, and none for the six months ended June 30, 2025 and 2024, respectively.

(1) Gross coupon interest income of $ 19.0 million, and $ 5.9 million would have been recorded for the nine months ended September 30, 2025 and 2024 respectively, if nonaccrual loans shown above had been current and in accordance with their original terms.

Interest income recognized on loans on nonaccrual status was immaterial and zero for the nine months ended September 30, 2025 and 2024, respectively.

See "Note 1 – Summary of Significant Accounting Policies" to the Consolidated Financial Statements for a description of the Company’s policy for placing loans on nonaccrual status.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 25

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The table below presents, by portfolio segment, an aging analysis and the recorded investments in HFI loans past due.

(dollars in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 Days or More Past Due Total Past Due Loans Current Loans Nonaccrual Loans Total Recorded Investment in Loans

As of June 30, 2025

As of September 30, 2025

(dollars in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 Days or More Past

Due Total Past Due Loans Current Loans Nonaccrual Loans Total Recorded Investment in Loans

Commercial $ 7,731 $ 611 $ — $ 8,342 $ 1,191,924 $ 17,539 $ 1,217,805

9 unchanged sentences

As of December 31, 2024

(dollars in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 Days or More Past

Due Total Past Due Loans Current Loans Nonaccrual Loans Total Recorded Investment in Loans

Commercial $ 5,121 $ 3,759 $ — $ 8,880 $ 1,172,413 $ 2,048 $ 1,183,341

15 unchanged sentences

Additional collateral, a co-borrower, or a guarantor is often requested.

Commercial mortgage and construction loans modified in a loan restructuring often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

for new debt with similar risk, or substituting or adding a new borrower or guarantor.

Construction loans modified in a loan restructuring may also involve extending the interest-only payment period.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 26

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Loans modified in a loan restructuring for the Company may have the financial effect of increasing the specific allowance associated with the loan.

4 unchanged sentences

The allowance may be increased, adjustments may be made in the allocation of the allowance, or partial charge-offs may be taken to further write-down the carrying value of the loan.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 27

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

The table below presents the amortized cost basis and the financial effect of HFI loans modified for borrowers experiencing financial difficulty.

(dollars in thousands) Term Extension Combination - Term Extension and Principal Payment Delay Combination - Principal Payment Delay and Interest Rate Reduction

Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction Total Percentage of Total Loan Type Weighted Average Term and Principal Payment Extension (1)

(dollars in thousands) Term Extension Combination - Term Extension and Principal Payment Delay Combination - Principal Payment Delay and Interest Rate Reduction Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction Total Percentage of Total Loan Type Weighted Average Term and Principal Payment Extension (1)

Weighted Average Interest Rate Reduction (2)

For the Three Months Ended June 30, 2025

For the Three Months Ended September 30, 2025

Commercial $ 8,529 $ — $ — $ — $ 8,529 0.7 % 6 months — %

Income producing - commercial real estate 1,814 40,815 — — 42,629 1.2 % 5 months — %

Owner occupied - commercial real estate 12,711 — — — 12,711 0.9 % 4 months — %

Real estate mortgage - residential — 5,736 — — 5,736 12.5 % 6 months — %

Construction - commercial and residential 1,821 — — — 1,821 0.2 % 9 months — %

Total $ 12,164 $ 40,815 $ — $ — $ 52,979

For the Three Months Ended June 30, 2024

For the Three Months Ended September 30, 2024

Commercial $ 11,328 $ 28,776 $ — $ — $ 40,104 3.5 % 10 months — %

Income producing - commercial real estate 27,535 69,023 — — 96,558 2.3 % 12 months — %

Owner occupied - commercial real estate 876 — — — 876 0.1 % 12 months — %

Construction - commercial and residential 0 11,012 — — 11,012 1.0 % 9 months — %

Total $ 38,863 $ 97,799 $ — $ — $ 136,662

For the Six Months Ended June 30, 2025

For the Nine Months Ended September 30, 2025

Commercial $ 19,835 $ 9,867 $ — $ — $ 29,702 2.4 % 17 months — %

4 unchanged sentences

Total $ 40,216 $ 158,986 $ — $ — $ 199,202

For the Six Months Ended June 30, 2024

For the Nine Months Ended September 30, 2024

Commercial $ 27,325 $ 28,776 $ 7,831 $ — $ 63,932 5.5 % 13 months 1.63 %

4 unchanged sentences

(1) For loans that received multiple modifications during the year, weighted average term and principal payment extensions were calculated based on the aggregate impact of the extensions received during the period.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 28

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

(2) The weighted average is calculated based on the total amortized cost of loans, at the year-end, that received interest rate reduction modifications during the year.

The table below presents the performance of HFI loans modified during the prior twelve months for borrowers experiencing financial difficulty.

June 30, 2025

Payment Status (Amortized Cost Basis)

(dollars in thousands) Current 30-89 Days Past Due 90 Days or More Past Due Nonaccrual

September 30, 2025

Commercial $ 32,161 $ — $ — $ 4,982

3 unchanged sentences

Construction - commercial and residential 16,509 — — 6,418

Construction - C&I (owner occupied) — — — —

Total $ 171,005 $ 2,819 $ — $ 44,338

June 30, 2024

Payment Status (Amortized Cost Basis)

(dollars in thousands) Current 30-89 Days Past Due 90 Days or More Past Due Nonaccrual

September 30, 2024

Commercial $ 60,611 $ 3,321 $ — $ —

6 unchanged sentences

The table below presents the amortized cost basis of HFI loans that were experiencing payment default and were modified in the twelve months prior to that default for borrowers experiencing financial difficulty.

June 30, 2025

Amortized Cost Basis

(dollars in thousands) Term Extension Combination - Term Extension and Principal Payment Delay Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction

(dollars in thousands) Term Extension Combination - Term Extension and Principal Payment Delay

September 30, 2025

Commercial $ 4,546 $ 436

3 unchanged sentences

Total $ 6,367 $ 40,790

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 29

Table of Contents Notes to Consolidated Financial Statements | Note 4 – Loans and Allowance for Credit Losses

June 30, 2024

Amortized Cost Basis

(dollars in thousands) Term Extension Combination - Term Extension and Principal Payment Delay Combination - Term Extension, Principal Payment Delay and Interest Rate Reduction

September 30, 2024

Commercial $ 3,321 $ —

Income producing - commercial real estate — 69,929

Owner occupied - commercial real estate — 19,130 —

Total $ 3,321 $ 69,929

The Company individually evaluates nonaccrual loans when performing its CECL estimate to calculate the ACL.

Additionally, the Company utilizes historical internal and third-party service provider sourced loss data in the determination of its PD/LGD rates applied in the calculation of its CECL estimate.

Upon determination that a modified loan (or a portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged off.

Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 5 – Leases

Note 5 – Leases

8 unchanged sentences

The incremental borrowing rate is the rate of interest that we would have to pay to borrow on a collateralized basis over a similar term in an amount equal to the lease payments in a similar economic environment.

As of June 30, 2025 and December 31, 2024, the Company had $ 31.2 million and $ 18.5 million of operating lease ROU assets respectively, and $ 37.3 million and $ 23.8 million of operating lease liabilities respectively, on the Company’s Consolidated Balance Sheets.

As of September 30, 2025 and December 31, 2024, the Company had $ 29.8 million and $ 18.5 million of operating lease ROU assets respectively, and $ 36.3 million and $ 23.8 million of operating lease liabilities respectively, on the Company’s Consolidated Balance Sheets.

The Company elects not to recognize ROU assets and operating lease liabilities arising from short-term leases, leases with initial terms of twelve months or less or equipment leases (deemed immaterial) on the Consolidated Balance Sheet.

1 unchanged sentence

If these criteria are not met, the options are not included in our ROU assets and operating lease liabilities.

As of June 30, 2025, our leases do not contain material residual value guarantees or impose restrictions or covenants related to dividends or the Company’s ability to incur additional financial obligations.

On January 1, 2025, the Company commenced a new lease for its future headquarters at 7500 Old Georgetown Road in downtown Bethesda, MD.

As of September 30, 2025, our leases do not contain material residual value guarantees or impose restrictions or covenants related to dividends or the Company’s ability to incur additional financial obligations.

On January 1, 2025, the Company commenced a new lease for its new headquarters at 7500 Old Georgetown Road in downtown Bethesda, MD.

The lease expires on July 31, 2037.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 30

Table of Contents Notes to Consolidated Financial Statements | Note 5 – Leases

The tables below present lease costs and other lease information.

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(dollars in thousands) 2025 2024 2025 2024

4 unchanged sentences

Operating lease - operating cash flows (fixed payments) $ 1,443 $ 1,703 $ 4,454 $ 5,212

(dollars in thousands) June 30, 2025 December 31, 2024

(dollars in thousands) September 30, 2025 December 31, 2024

Right-of-use assets - operating leases $ 29,791 $ 18,494

2 unchanged sentences

Weighted average discount rate - operating leases 3.59 % 3.03 %

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 5 – Leases

The table below presents the future minimum payments for operating leases with initial or remaining terms of one year or more.

(dollars in thousands) As of June 30, 2025

(dollars in thousands) As of September 30, 2025

Twelve months ended:

June 30, 2026 $ 5,022

June 30, 2027 4,831

June 30, 2028 4,918

June 30, 2029 4,693

June 30, 2030 4,102

September 30, 2026 $ 4,841

September 30, 2027 4,922

September 30, 2028 4,903

September 30, 2029 4,575

September 30, 2030 3,959

Thereafter 20,388

7 unchanged sentences

Fair Value Hedges of Interest Rate Risk

The Company during the quarter ended June 30, 2025 utilized interest rate swaps, accounted for as fair value hedges, to protect itself against adverse fluctuations in interest rates in fixed-rate available-for-sale securities.

During the quarter ended June 30, 2025, the Company began utilizing interest rate swaps, accounted for as fair value hedges, to protect itself against adverse fluctuations in interest rates in fixed-rate available-for-sale securities.

During the quarter ended September 30, 2025, the Company also began utilizing interest rate swaps, accounted for as fair value hedges, to protect itself against adverse fluctuations in interest rates in fixed-rate interest-bearing deposits.

These swaps consisted of pay-fixed, receive-floating interest rate swaps used to hedge the designated benchmark interest rate.

1 unchanged sentence

Changes in fair value of the hedged item attributable to changes in the hedged risk will be reclassified out of other comprehensive income (loss) through interest income each period to offset changes in fair value of the hedging instrument, which are also recognized in interest income.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 31

Table of Contents Notes to Consolidated Financial Statements | Note 6 – Derivatives and Hedging Activities

Cash Flow Hedges of Interest Rate Risk

10 unchanged sentences

Total expected exposure incorporates both the current and potential future exposure of the derivatives, derived from using observable inputs, such as yield curves and volatilities.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 6 – Derivatives and Hedging Activities

Credit Risk Related Contingent Features

4 unchanged sentences

In addition, the interest rate derivative agreements contain language outlining collateral-pledging requirements for each counterparty.

As of June 30, 2025, the Company had posted $ 1.7 million of cash collateral with other financial institutions and held $ 11.9 million of cash collateral on behalf of other financial institutions.

As of September 30, 2025, the Company had posted $ 2.8 million of cash collateral with other financial institutions and held $ 9.2 million of cash collateral on behalf of other financial institutions.

The interest rate derivative agreements detail:

2 unchanged sentences

and 3) if the Company fails to maintain its status as a well-capitalized institution then the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 32

Table of Contents Notes to Consolidated Financial Statements | Note 6 – Derivatives and Hedging Activities

The table below identifies the balance sheet category and fair value of the Company’s derivative instruments.

The Company has a minimum collateral posting threshold with its derivative counterparty.

If the Company had breached any provisions under the agreement as of June 30, 2025, it could have been required to settle its obligations under the agreement at the termination value.

June 30, 2025 December 31, 2024

If the Company had breached any provisions under the agreement as of September 30, 2025, it could have been required to settle its obligations under the agreement at the termination value.

September 30, 2025 December 31, 2024

(dollars in thousands) Notional

8 unchanged sentences

Credit risk participation agreements 21,638 — Other Liabilities 49,480 — Other Liabilities

Total 859,006 27,556 746,566 31,592

Total derivatives in an asset position $ 926,854 $ 31,193 $ 746,566 $ 31,592

Derivatives in a liability position:

Derivatives designated as hedging instruments:

Interest rate product $ 28,423 $ 1,108 Other Liabilities $ — $ — Other Liabilities

Derivatives not designated as hedging instruments:

Interest rate product 905,216 24,083 Other Liabilities 697,086 $ 29,110 Other Liabilities

Total derivatives in a liability position

$ 933,639 $ 25,191 $ 697,086 $ 29,110

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 6 – Derivatives and Hedging Activities

The table below presents the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations.

2 unchanged sentences

Income on Derivative Amount of Gain or (Loss) Recognized in Income on Derivatives

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

2025 2024 2025 2024

1 unchanged sentence

Interest rate products Other income / (expense) $ 274 $ 843 $ 834 $ 1,321

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 33

Table of Contents Notes to Consolidated Financial Statements | Note 7 – Deposits

Note 7 – Deposits

The table below presents the Bank’s deposit composition.

(dollars in thousands) June 30, 2025 December 31, 2024

(dollars in thousands) September 30, 2025 December 31, 2024

Noninterest-bearing demand $ 1,577,197 $ 1,544,403

4 unchanged sentences

The table below represents the remaining maturity of time deposits.

(dollars in thousands) June 30, 2025 December 31, 2024

(dollars in thousands) September 30, 2025 December 31, 2024

2025 $ 649,547 $ 2,210,348

6 unchanged sentences

The table below represents the time deposit accounts in excess of $250 thousand.

(dollars in thousands) June 30, 2025 December 31, 2024

(dollars in thousands) September 30, 2025 December 31, 2024

Three months or less $ 308,310 $ 189,817

3 unchanged sentences

Total $ 1,620,272 $ 1,709,217

As of June 30, 2025, total brokered deposits were $ 3.5 billion, or 38 % of total deposits, compared to $ 4.0 billion, or 44 %, as of December 31, 2024.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 34

Table of Contents Notes to Consolidated Financial Statements | Note 8 – Borrowings

As of September 30, 2025, total brokered deposits were $ 3.5 billion, or 37 % of total deposits, compared to $ 4.0 billion, or 44 %, as of December 31, 2024.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 8 – Borrowings

Note 8 – Borrowings

2 unchanged sentences

Maturity Dates Interest Rates (2)

As of June 30, 2025

As of September 30, 2025

Customer repurchase agreements $ 13,725 $ — $ 13,725 $ — N/A 3.14 %

1 unchanged sentence

Secured borrowings:

FHLB 50,000 — 50,000 1,363,585 July 11, 2025 4.40 %

Discount window — — — 1,754,682 N/A N/A

FHLB — — — 1,443,069 N/A — %

Discount window — — — 1,717,794 N/A 0

Total — — — 3,160,863

Long-term borrowings:

77,665 ( 1,401 ) 76,264 — September 30, 2029 10.00 %

Senior notes 77,665 ( 1,319 ) 76,346 — September 30, 2029 10.00 %

Total borrowings $ 91,390 $ ( 1,319 ) $ 90,071 $ 3,160,863

7 unchanged sentences

Long-term borrowings:

77,665 ( 1,557 ) 76,108 — September 30, 2029 10.00 %

Senior notes 77,665 ( 1,557 ) 76,108 — September 30, 2029 10.00 %

Total borrowings $ 600,822 $ ( 1,557 ) $ 599,265 $ 2,674,916

(1) Available capacity on the Company's borrowings arrangements with the FHLB and the FRB comprise pledged collateral that has not been borrowed against.

As of June 30, 2025, the Company had total additional undrawn borrowing capacity of approximately $ 3.4 billion, comprising unencumbered securities available to be pledged of approximately $ 0.3 billion and undrawn financing on pledged assets of $ 3.1 billion.

As of September 30, 2025, the Company had total additional undrawn borrowing capacity of approximately $ 3.4 billion, comprising unencumbered securities available to be pledged of approximately $ 262.9 million and undrawn financing on pledged assets of $ 3.2 billion.

(2) Represent the weighted average interest rate on customer repurchase agreements, borrowings outstanding and the coupon interest rate on the subordinated notes, which approximates the effective interest rate.

3 unchanged sentences

On September 30, 2024, the Company closed a private placement of its 10.00 % senior unsecured debt totaling $ 77.7 million maturing on September 30, 2029 (the "2029 Senior Notes" or "Original Notes").

As of June 30, 2025, the carrying value of these 2029 Senior Notes was $ 76.3 million which reflected $ 1.4 million in unamortized deferred financing costs that are being amortized over the life of the 2029 Senior Notes.

As of September 30, 2025, the carrying value of these 2029 Senior Notes was $ 76.3 million which reflected $ 1.3 million in unamortized deferred financing costs that are being amortized over the life of the 2029 Senior Notes.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 8 – Borrowings

In connection with the issuance of the 2029 Senior Notes, the Company also entered into a registration rights agreement dated September 30, 2024 with the purchasers of the 2029 Senior Notes ("Registration Rights Agreement").

2 unchanged sentences

The Company completed the exchange offer on January 16, 2025.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 35

Table of Contents Notes to Consolidated Financial Statements | Note 9 – Net Income (Loss) per Common Share

Note 9 – Net Income (Loss) per Common Share

The table below displays the calculation of net income (loss) per common share.

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(dollars and shares in thousands, except per share data) 2025 2024 2025 2024

4 unchanged sentences

Average common shares outstanding 30,368 30,174 30,340 30,143

Adjustment for common share equivalents — 68 — —

Average common shares outstanding-diluted 30,368 30,242 30,340 30,143

8 unchanged sentences

To calculate diluted net income (loss) per share, the Company utilizes the Treasury Stock method which results in only an incremental number of shares added to shares outstanding during the period.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 36

Table of Contents Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

Note 10 – Other Comprehensive Income (Loss)

The table below presents the components of other comprehensive income (loss).

(dollars in thousands) Before Tax Tax Effect Net of Tax

For the Three Months Ended June 30, 2025

Net unrealized gain (loss) on securities available-for-sale $ 13,296 $ ( 3,055 ) $ 10,241

Reclassification adjustment for net gain (loss) included in net income (loss)

Three Months Ended September 30,

(dollars in thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax

Unrealized gain (loss) on securities available-for-sale

$ 10,476 $ ( 2,637 ) $ 7,839 $ 46,788 $ ( 11,450 ) $ 35,338

Total unrealized gain (loss) on securities available-for-sale 15,150 ( 3,724 ) 11,426

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,633 ( 378 ) 1,255

Net unrealized gain (loss) on derivatives ( 142 ) 35 ( 107 )

Other comprehensive income (loss) $ 16,641 $ ( 4,067 ) $ 12,574

For the Three Months Ended June 30, 2024

Net unrealized gain (loss) on securities available-for-sale $ 4,812 $ ( 1,183 ) $ 3,629

Reclassification adjustment for net gain (loss) included in net income (loss) 1,982 ( 396 ) 1,586 ( 3 ) 1 ( 2 )

( 3 ) 1 ( 2 )

Total unrealized gain (loss) on securities available-for-sale

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,725 ( 403 ) 1,322

Net unrealized gain (loss) on derivatives ( 32 ) 8 ( 24 )

Total unrealized gain (loss) on derivatives ( 32 ) 8 ( 24 )

Other comprehensive income (loss) $ 6,502 $ ( 1,577 ) $ 4,925

For the Six Months Ended June 30, 2025

Net unrealized gain (loss) on securities available-for-sale $ 38,968 $ ( 9,374 ) $ 29,594

Reclassification adjustment for net gain (loss) included in net income (loss)

12,458 ( 3,033 ) 9,425 46,785 ( 11,449 ) 35,336

Total unrealized gain (loss) on securities available-for-sale 40,818 ( 10,044 ) 30,774

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,576 ( 364 ) 1,212 1,768 ( 413 ) 1,355

Net unrealized gain (loss) on derivatives

Unrealized gain (loss) on derivatives

( 114 ) 28 ( 86 ) ( 32 ) 7 ( 25 )

Other comprehensive income (loss) $ 13,920 $ ( 3,369 ) $ 10,551 $ 48,521 $ ( 11,855 ) $ 36,666

For the Six Months Ended June 30, 2024

Net unrealized gain (loss) on securities available-for-sale $ ( 1,881 ) $ 444 $ ( 1,437 )

Reclassification adjustment for net gain (loss) included in net income (loss)

For the Nine Months Ended September 30,

(dollars in thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax

Unrealized gain (loss) on securities available-for-sale

$ 49,444 $ ( 11,962 ) $ 37,482 $ 44,907 $ ( 11,006 ) $ 33,901

Reclassification adjustment for net gain (loss) included in net income (loss) 3,832 ( 1,115 ) 2,717 ( 10 ) 2 ( 8 )

Total unrealized gain (loss) on securities available-for-sale

53,276 ( 13,077 ) 40,199 44,897 ( 11,004 ) 33,893

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 4,774 ( 1,102 ) 3,672 5,224 ( 1,162 ) 4,062

Net unrealized gain (loss) on derivatives

Unrealized gain (loss) on derivatives

( 281 ) 69 ( 212 ) 298 ( 73 ) 225

Other comprehensive income (loss) $ 57,769 $ ( 14,110 ) $ 43,659 $ 50,419 $ ( 12,239 ) $ 38,180

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 37

Table of Contents Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

The table below presents the changes in each component of accumulated other comprehensive income (loss), net of tax.

(dollars in thousands) Available-for-Sale Securities Held-to-Maturity Securities Derivatives Accumulated Other

(dollars in thousands) Available-for-Sale Securities Held-to-Maturity Securities Derivatives Accumulated

Comprehensive Income (Loss)

For the Three Months Ended June 30, 2025

For the Three Months Ended September 30, 2025

Balance at beginning of period $ ( 76,078 ) $ ( 32,180 ) $ ( 107 ) $ ( 108,365 )

2 unchanged sentences

Amounts reclassified from accumulated other comprehensive income (loss) 1,586 — — 1,586

1,185 — — 1,185

Net other comprehensive income (loss) during period 9,425 1,212 ( 86 ) 10,551

Balance at end of period $ ( 66,653 ) $ ( 30,968 ) $ ( 193 ) $ ( 97,814 )

For the Three Months Ended June 30, 2024

For the Three Months Ended September 30, 2024

Balance at beginning of period $ ( 123,689 ) $ ( 37,222 ) $ 68 $ ( 160,843 )

2 unchanged sentences

Amounts reclassified from accumulated other comprehensive income (loss) ( 2 ) — — ( 2 )

( 2 ) — — ( 2 )

Net other comprehensive income (loss) during period 35,336 1,355 ( 25 ) 36,666

Balance at end of period $ ( 88,353 ) $ ( 35,867 ) $ 43 $ ( 124,177 )

For the Six Months Ended June 30, 2025

For the Nine Months Ended September 30, 2025

Balance at beginning of period $ ( 106,852 ) $ ( 34,640 ) $ 19 $ ( 141,473 )

4 unchanged sentences

Balance at end of period $ ( 66,653 ) $ ( 30,968 ) $ ( 193 ) $ ( 97,814 )

For the Six Months Ended June 30, 2024

For the Nine Months Ended September 30, 2024

Balance at beginning of period $ ( 122,246 ) $ ( 39,929 ) $ ( 182 ) $ ( 162,357 )

4 unchanged sentences

Balance at end of period $ ( 88,353 ) $ ( 35,867 ) $ 43 $ ( 124,177 )

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 38

Table of Contents Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 10 – Other Comprehensive Income (Loss)

The table below presents the amounts reclassified out of each component of accumulated other comprehensive income (loss).

Amount Reclassified from

Accumulated Other

Comprehensive Income (Loss) Affected Line Item in

Amount Reclassified from Accumulated

Other Comprehensive Income (Loss) Affected Line Item in

the Statement Where

Net Income (Loss) is Presented

For the Three Months Ended June 30, For the Six Months Ended June 30,

For the Three Months Ended September 30, For the Nine Months Ended September 30,

(dollars in thousands) 2025 2024 2025 2024

17 unchanged sentences

This category generally includes certain private equity investments, retained interests from securitizations and certain collateralized debt obligations.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 39

Table of Contents Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis.

As of September 30, 2025

(dollars in thousands) Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Total (Fair Value)

As of June 30, 2025

Investment securities available-for-sale:

4 unchanged sentences

Corporate bonds — 1,941 — 1,941

Loans held for sale — 37,576 — 37,576

Interest rate product — 31,193 — 31,193

Total assets measured at fair value on a recurring basis as of June 30, 2025 $ — $ 1,235,632 $ — $ 1,235,632

Total assets measured at fair value on a recurring basis as of September 30, 2025 $ — $ 1,104,605 $ — $ 1,104,605

Interest rate product $ — $ 25,191 $ — $ 25,191

Total liabilities measured at fair value on a recurring basis as of June 30, 2025 $ — $ 24,590 $ — $ 24,590

Total liabilities measured at fair value on a recurring basis as of September 30, 2025 $ — $ 25,191 $ — $ 25,191

As of December 31, 2024

(dollars in thousands) Quoted Prices (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Total (Fair Value)

Investment securities available-for-sale:

20 unchanged sentences

The fair value of RPAs is calculated by determining the total expected asset or liability exposure of the derivatives to the borrowers and applying the borrowers’ credit spread to that exposure.

Total expected exposure incorporates

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 40

Table of Contents Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

both the current and potential future exposure of the derivatives, derived from using observable inputs, such as yield curves and volatilities.

Total expected exposure incorporates both the current and potential future exposure of the derivatives, derived from using observable inputs, such as yield curves and volatilities.

Accordingly, RPAs fall within Level 2.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

Interest rate derivatives:

5 unchanged sentences

The Company measures certain assets at fair value on a nonrecurring basis and the following is a general description of the methods used to value such assets.

The fair value of individually assessed loans is estimated using one of several methods, including the collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows.

The fair value of individually assessed loans and HFS loans is estimated using one of several methods, including the collateral value, market value of similar debt, enterprise value, liquidation value and discounted cash flows.

Those individually assessed loans not requiring a specific allowance represent loans for which the fair value of expected repayments or collateral exceed the recorded investment in such loans.

As of June 30, 2025, substantially all of the Company’s individually evaluated loans were evaluated based upon the fair value of the collateral.

In accordance with ASC Topic 820, individually evaluated loans where an allowance is established based on the fair value of collateral, i.e., those that are collateral dependent, require classification in the fair value hierarchy.

As of September 30, 2025, substantially all of the Company’s individually evaluated loans were evaluated based upon the fair value of the collateral.

In accordance with ASC Topic 820, individually evaluated loans and HFS loans where an allowance is established based on the fair value of collateral, i.e., those that are collateral dependent, require classification in the fair value hierarchy.

When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the loan as nonrecurring Level 2.

4 unchanged sentences

The table below presents a ssets measured at fair value on a nonrecurring basis.

There were no liabilities measured at fair value on a non-recurring basis as of June 30, 2025 and December 31, 2024.

There were no liabilities measured at fair value on a non-recurring basis as of September 30, 2025 and December 31, 2024.

As of September 30, 2025

(dollars in thousands) Quoted Prices

4 unchanged sentences

(Level 3) Total

As of June 30, 2025

Individually assessed loans:

5 unchanged sentences

Consumer — — 499 499

Loans held for sale — — 136,506 136,506

Other real estate owned — — 14,684 14,684

Total assets measured at fair value on a nonrecurring basis as of June 30, 2025 $ — $ — $ 200,914 $ 200,914

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 41

Table of Contents Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

Total assets measured at fair value on a nonrecurring basis as of September 30, 2025 $ — $ — $ 245,589 $ 245,589

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

As of December 31, 2024

(dollars in thousands) Quoted Prices

4 unchanged sentences

(Level 3) Total

As of December 31, 2024

Individually assessed loans:

20 unchanged sentences

In addition, the estimates are only indicative of individual financial instrument values, including in certain cases, the Company's estimation of exit pricing, and should not be considered an indication of the fair value of the Company taken as a whole.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 42

Table of Contents Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 11 – Fair Value Measurements

The table below presents the estimated fair values of the Company’s financial instruments.

6 unchanged sentences

Inputs (Level 3)

As of June 30, 2025

As of September 30, 2025

Cash and due from banks $ 7,938 $ 7,938 $ 7,938 $ — $ —

14 unchanged sentences

Customer repurchase agreements 13,725 13,725 — 13,725

Other short-term borrowings 50,000 50,000 — 50,000 —

Long-term borrowings 76,346 79,506 — 79,506 —

21 unchanged sentences

Accrued interest payable 17,844 17,844 — 17,844 —

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 43

Table of Contents Notes to Consolidated Financial Statements | Note 12 – Segment Reporting

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 12 – Segment Reporting

Note 12 – Segment Reporting

18 unchanged sentences

The Company is cooperating with an ongoing investigation by the U.S.

Attorney’s Office for the Middle District of Pennsylvania into, among other things, the Company’s anti-money laundering controls between approximately 2011 and 2017 and the Company’s relationship with a former customer who pleaded guilty to a charge of bank fraud in 2020.

Due to the inherent uncertainty in predicting the outcome of a pending investigation, we are unable to estimate reasonably possible losses, if any, resulting from this matter.

Eagle Bancorp, Inc Second Quarter 2025 Form 10-Q 44

Table of Contents Management's Discussion and Analysis

Attorney’s Office for the Middle District of Pennsylvania into, among other things, the Company’s anti-money laundering controls and the Company’s relationship with a former customer who pleaded guilty to a charge of bank fraud in 2020.

The Company is engaged in discussions with the U.S.

Attorney’s Office regarding a potential resolution of the investigation.

There can be no assurance that these discussions will lead to a resolution, and the Company is unable to predict or estimate the outcome of these discussions, whether any potential resolution would have a material impact on the Company or the reasonably possible losses, if any, resulting from this matter.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Management's Discussion and Analysis

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements