What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-07 compared with 2025-11-07 · 343 added, 379 removed, 1088 unchanged (40% of the section changed)

1 unchanged sentence

EAGLE BANCORP, INC.

Consolidated Balance Sheets (Unaudited)

Consolidated Balance Sheets

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

September 30, 2025 December 31, 2024

March 31, 2026

December 31, 2025

Cash and due from banks $ 12,626 $ 11,692

Federal funds sold 1,457 2,581

Interest-bearing deposits with banks and other short-term investments 566,733 684,001

4 unchanged sentences

Federal Reserve and Federal Home Loan Bank stock 27,685 28,327

Loans held for sale 136,506 —

Loans held for sale, at lower of cost or fair value 55,702 90,650

Loans held for investment, at amortized cost 6,938,560 7,280,459

14 unchanged sentences

Total deposits 8,591,499 9,133,606

Customer repurchase agreements 13,725 33,157

Other short-term borrowings — 490,000

Long-term borrowings 76,511 76,428

12 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands, except per share data)

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

2025 2024 2025 2024

For the Three Months Ended March 31,

Interest Income

2 unchanged sentences

Interest on balances with other banks and short-term investments 12,689 15,830

Interest on federal funds sold 22 103 73 311

Total interest income 131,901 153,878

12 unchanged sentences

Gain (loss) on sale of loans

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

Net gain (loss) on sale of investment securities 3 4

9 unchanged sentences

FDIC insurance 7,009 8,962

Goodwill impairment — — — 104,168

Other expenses 6,567 2,847

2 unchanged sentences

Income Tax Expense (Benefit)

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

Net Income (Loss) $ 14,718 $ 1,675

3 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands)

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

2025 2024 2025 2024

For the Three Months Ended March 31,

Net Income (Loss) $ 14,718 $ 1,675

1 unchanged sentence

Unrealized gain (loss) on securities available-for-sale ( 79 ) 19,351

Amortization adjustment for (gain) loss on fair value hedging relationships

Reclassification adjustment for net (gain) loss included in net income (loss) ( 3 ) ( 3 )

2 unchanged sentences

Unrealized gain (loss) on derivatives ( 2,294 ) ( 18 )

Reclassification adjustment for (gain) loss on cash flow hedging relationships 260 —

Total unrealized gain (loss) on derivatives ( 2,034 ) ( 18 )

Other comprehensive income (loss) ( 914 ) 20,534

1 unchanged sentence

See Notes to Consolidated Financial Statements.

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)

Common Additional Paid-in Capital Retained

Earnings Accumulated

Comprehensive

Income (Loss) Total

Shareholders’

Shares Amount

Balance as of July 1, 2025

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

Net Income (Loss) — — — ( 67,513 ) — ( 67,513 )

Other comprehensive income, net of tax — — — — 10,551 10,551

Stock-based compensation expense — — 1,430 — — 1,430

Issuance of common stock under share-based compensation arrangements ( 4,000 ) — ( 1,160 ) — — ( 1,160 )

Issuance of common stock related to employee stock purchase plan 5,572 — 108 — — 108

Cash dividends declared ($ 0.01 per share)

— — — ( 5,007 ) — ( 5,007 )

Balance as of September 30, 2025

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

Balance as of July 1, 2024

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

Net Income (Loss) — — — 21,815 — 21,815

Other comprehensive income, net of tax — — — — 36,666 36,666

Stock-based compensation expense — — 2,019 — — 2,019

Issuance of common stock under share-based compensation arrangements ( 13,843 ) 1 ( 1 ) — — —

Issuance of common stock related to employee stock purchase plan 6,561 — 124 — — 124

Cash dividends declared ($ 0.165 per share)

— — — ( 4,659 ) — ( 4,659 )

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 Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

EAGLE BANCORP, INC.

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

Nine Months Ended September 30, 2025 and 2024

Three Months Ended March 31, 2026 and 2025

(dollars in thousands, except share data)

14 unchanged sentences

— — — ( 303 ) — ( 303 )

Balance as of September 30, 2025

Balance as of March 31, 2026

30,494,659 $ 302 $ 383,050 $ 851,998 $ ( 90,073 ) $ 1,145,277

8 unchanged sentences

— — — ( 4,984 ) — ( 4,984 )

Balance as of September 30, 2024

Balance as of March 31, 2025

30,368,843 $ 300 $ 386,535 $ 978,995 $ ( 120,939 ) $ 1,244,891

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

EAGLE BANCORP, INC.

1 unchanged sentence

(dollars in thousands)

For the Nine Months Ended September 30,

For the Three Months Ended March 31,

Cash Flows From Operating Activities:

3 unchanged sentences

(Reversal of) provision for unfunded commitments ( 1,779 ) ( 297 )

Goodwill impairment — 104,168

Depreciation and amortization 606 826

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

Loss on mortgage servicing rights — ( 1,512 )

Securities premium amortization (discount accretion), net 1,106 1,155

7 unchanged sentences

Cash Flows From Investing Activities:

Purchases of available-for-sale investment securities ( 28,224 ) —

Proceeds from maturities of available-for-sale securities 89,995 89,035

Proceeds from sale/call of available-for-sale securities 179,990 27,000

Proceeds from maturities of held-to-maturity securities 52,269 53,187

Proceeds from call of held-to-maturity securities 17,127 4,644

Purchases of Federal Reserve stock ( 189 ) ( 222 )

Proceeds from paydowns of available-for-sale securities 27,841 28,273

Proceeds from sale/call and maturities of available-for-sale securities 18,003 50,000

Proceeds from paydowns of held-to-maturity securities 14,565 15,148

Proceeds from call/maturities of held-to-maturity securities 54 52

Proceeds from (purchases of) Federal Reserve stock 208 ( 75 )

Proceeds from (purchases of) Federal Home Loan Bank stock 433 372

Proceeds from sale of mortgage servicing rights — 4,798

Net change in loans 203,636 ( 34,899 )

Proceeds from sale of loans 147,264 —

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

Net (purchase) redemption of bank owned life insurance 805 ( 200,000 )

Proceeds from sale of other real estate owned — 772

4 unchanged sentences

Increase (decrease) in customer repurchase agreements — ( 800 )

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 ) —

Net settlement of withholding taxes on the vesting of stock awards ( 1,095 ) —

Proceeds from employee stock purchase plan 77 81

6 unchanged sentences

Interest paid $ 72,220 $ 88,838

Income taxes paid 1,460 5,980

Supplemental Non-Cash Disclosures:

1 unchanged sentence

Transfer of loans held for investment to loans held for sale 111,800 15,251

Transfers from loans to other real estate owned 12,600 2,370

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

8 unchanged sentences

The guaranteed portion of small business loans, guaranteed by the Small Business Administration ("SBA"), is typically sold to third party investors in a transaction apart from the loan’s origination.

The Bank offers its products and services through twelve banking offices, four lending centers and various digital capabilities, including PC and smartphone-enabled banking services.

Landroval Municipal Finance, Inc., a subsidiary of the Bank, focuses on lending to municipalities by buying debt on the public market as well as direct purchase issuance.

The Bank offers its products and services through twelve banking offices, four lending centers and various digital capabilities, including web-based and smartphone-enabled banking services.

The Bank has three active direct subsidiaries:

Bethesda Leasing, LLC, Eagle Insurance Services, LLC and Landroval Municipal Finance, Inc.

Bethesda Leasing, LLC holds title to and operates real estate owned and acquired through foreclosure.

Eagle Insurance Services, LLC, which previously offered access to insurance products and services through a referral program with a third party insurance broker, continues to receive fee income in connection with such program.

Landroval Municipal Finance, Inc.

focuses on lending to municipalities by buying debt on the public market as well as direct purchase issuance.

Principles of Consolidation and Basis of Presentation

The Consolidated Financial Statements include the accounts of Eagle Bancorp, Inc.

and its subsidiaries with all significant intercompany transactions eliminated.

The Consolidated Financial Statements include the accounts of the Company with all significant intercompany transactions eliminated.

EagleBank, a Maryland chartered commercial bank, is the Parent’s principal subsidiary.

16 unchanged sentences

Debt securities are classified as held-to-maturity ("HTM") and carried at amortized cost when management has the positive intent and ability to hold them to maturity.

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,

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 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.

other factors.

Premiums and discounts on investment securities are amortized/accreted to the earlier of call or maturity based on expected lives, which are adjusted based on prepayment assumptions and call optionality.

17 unchanged sentences

A loan is placed back on accrual status when both principal and interest are current and it is probable that we will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement.

Besides our primary loan portfolio segments that are summarized below, the Company also regularly engages in the sale of the guaranteed portion of SBA loans originated by the Bank.

The sale of the guaranteed portion of SBA loans on a servicing retained basis gives rise to an excess servicing asset, which is computed on a loan by loan basis with the unamortized amount being included in intangible assets in the Consolidated Balance Sheets.

The excess servicing asset is amortized on a straight-line basis (with adjustment for prepayments) as an offset to servicing fees collected and is included in other income in the Consolidated Statements of Operations.

Collateral Dependent Financial Assets

For collateral dependent loans for which the Company has determined that foreclosure of the collateral is probable, or where the borrower is experiencing financial difficulty and the Company expects repayment of the financial asset to be provided substantially through the sale of the collateral, the ACL is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date.

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.

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.

Loan Modifications to Borrowers in Financial Difficulty

The Company evaluates loan restructurings to determine if we have a loan modification and whether it results in a new loan or the continuation of the existing loan.

Loan modifications to borrowers experiencing financial difficulty that result in a direct change in the timing or amount of contractual cash flows include situations where there are principal forgiveness, interest rate reductions, other-than-insignificant payment delays, term extensions, and combinations of the listed modifications.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

A loan that is considered a modified loan may be subject to an individually-evaluated loan analysis if the commitment is $ 500 thousand or greater;

otherwise, the restructured loan remains in the appropriate segment in the ACL model and associated provisions are adjusted based on changes in the discounted cash flows resulting from the modification of the restructured loan.

Management strives to identify borrowers in financial difficulty early and work with them to modify their loan to more affordable terms before their loan reaches nonaccrual status, foreclosure or repossession of the collateral to minimize economic loss to the Company.

Allowance for Credit Losses

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 September 30, For the Nine Months Ended September 30,

For the Three Months Ended March 31,

(dollars in thousands) 2026

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

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.

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.

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.

6 unchanged sentences

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

While our methodology in establishing the ACL attributes portions of the ACL and RUC to the separate loan pools or segments, the entire ACL and RUC is available to absorb credit losses in the total loan portfolio and total amount of unfunded credit commitments, respectively.

A summary of our primary portfolio segments is as follows:

The commercial loan portfolio comprises lines of credit and term loans for working capital, equipment and other business assets across a variety of industries.

These loans are used for general corporate purposes including financing working capital, internal growth and acquisitions;

These loans are used for general corporate purposes

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

including financing working capital, internal growth and acquisitions;

and are generally secured by accounts receivable, inventory, equipment and other assets of our clients’ businesses.

23 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.

Relevant factors include, but are not limited to, concentrations of credit risk, appraisal risk from volatility in the market, changes in underwriting standards, experience and depth of lending staff and trends in delinquencies.

While our methodology in establishing the reserve for credit losses attributes portions of the ACL and RUC to the commercial and consumer portfolio segments, the entire ACL and RUC is available to absorb credit losses expected in the total loan portfolio and total amount of unfunded credit commitments, respectively.

Our model may reflect assumptions by management that are not covered by the qualitative and environmental factors, and we reevaluate all of its factors quarterly.

Additionally, the ACL includes a qualitative reserve for CRE office loans (the "office overlay"), which reflects management’s assessment of continued uncertainty in that sector as well as potential lag effects from interest-rate sensitivity, valuation declines, and refinancing risk.

Management continues to monitor trends, including occupancy, capitalization rates, and market liquidity, across key metropolitan areas and may adjust qualitative reserves further as these factors evolve.

The company uses four economic variables in its cash flow model:

national unemployment, Commercial Real Estate ("CRE") Price Index, House Price Index and Gross Domestic Product ("GDP"), which are incorporated by utilizing a Loss Driver Analysis approach that factors in historical losses, including during the Great Recession, of regional peer banks and the Bank.

The updated model incorporates a weighting of three economic scenarios;

The model incorporates a weighting of three economic scenarios;

baseline, upside and downside.

2 unchanged sentences

Management leverages economic projections from reputable and independent third parties to inform its loss driver forecasts over the forecast period.

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.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

acceptable credit risk but warrant more than the normal level of monitoring.

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.

2 unchanged sentences

They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.

Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired.

Some substandard loans are inadequately protected by the sound worth and paying capacity of the borrower and of the collateral pledged and may be considered impaired and require individual evaluation in the ACL.

Substandard loans can be accruing or can be on nonaccrual depending on the circumstances of the individual loans.

6 unchanged sentences

As our portfolio has matured, historical loss ratios have been closely monitored.

The review of the appropriateness of the allowance is performed by executive management and presented to management committees and the Audit Committee of the Board of Directors ("Board").

The committees' reports to the Board are part of the Board's review on a quarterly basis of our consolidated financial statements.

The review of the appropriateness of the allowance is performed by executive management and presented to management committees and the Asset Quality Subcommittee of the Risk Committee before it is presented to the Audit Committee of the Board of Directors ("Board").

The committees' reports to the Board are included in the Board's quarterly review of our consolidated financial statements.

When management determines that foreclosure is probable, and for certain collateral-dependent loans where foreclosure is not considered probable, expected credit losses are based on the estimated fair value of the collateral adjusted for selling costs, when appropriate.

3 unchanged sentences

We do not measure an ACL on accrued interest receivable balances because these balances are written off in a timely manner as a reduction to interest income when loans are placed on nonaccrual status.

Collateral Dependent Financial Assets

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.

Loan Modifications to Borrowers in Financial Difficulty

The Company evaluates loan restructurings to determine if we have a loan modification and whether it results in a new loan or the continuation of the existing loan.

A loan that is considered a modified loan may be subject to an individually-evaluated loan analysis if the commitment is $ 500 thousand or greater;

Allowance for Credit Losses - AFS Securities

15 unchanged sentences

AFS debt securities are placed on nonaccrual status when we no longer expect to receive all contractual amounts due, which is generally at 90 days past due.

Accrued interest receivable is reversed against interest income when a security is placed on nonaccrual status.

Accrued interest receivable is reversed against interest income when a

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

security is placed on nonaccrual status.

Accordingly, we do not recognize an allowance for credit loss against accrued interest receivable.

3 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

24 unchanged sentences

We are currently in the process of evaluating this guidance.

2023-09, "Income Taxes (Topic 740):

Improvements to Income Tax Disclosures" ("ASU 2023-09").

The ASU requires additional income tax disclosures around effective tax rates and cash income taxes paid.

ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024.

The new disclosure requirements around effective tax rates and cash income taxes paid only applies to year-end.

There is no material impact to the interim disclosures.

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

2 unchanged sentences

rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements at interim and annual reporting periods.

ASU 2024-03 adds to ASC 220-40, requiring public business entities to disaggregate within the financial statement footnotes, in a tabular presentation, each relevant expense caption on the face of the income statement that includes any of the following natural expenses:

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

income statement that includes any of the following natural expenses:

(1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion, and amortization recognized as part of oil- and gas-producing activities or other types of depletion expenses.

1 unchanged sentence

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

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

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

financial statements.

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

20 unchanged sentences

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

2025-09, " Derivatives and Hedging (Topic 815)— Hedge Accounting Improvements " ("ASU 2025-09").

In November 2025, the FASB issued ASU 2025-09 to provide significant improvements to hedge accounting under FASB ASC 815, primarily by giving companies more flexibility to align hedge accounting with their actual risk management, especially for variable-rate debt ("choose-your-rate"), nonfinancial asset hedges, and aggregated forecasts.

Key changes include allowing flexible switching between interest rate indexes for variable debt hedges, simplifying grouping of forecasted transactions (similar risk instead of shared risk), and resolving mismatches in complex dual-purpose hedges involving foreign currency debt.

The goal is to reduce complexity, cost, and align financial reporting with economic reality.

The ASU is effective for fiscal years beginning after December 15, 2026, and interim reporting periods within those annual reporting periods The Company is currently in the process of evaluating this guidance.

2025-12, " Codification Improvements " ("ASU 2025-12").

In December 2025, the FASB issued ASU 2025-12 to make dozens of technical corrections, clarifications, and minor enhancements across various topics including simplifying diluted EPS calculations with losses, clarifying lease receivable disclosures, refining beneficial interest calculations, and streamlining treasury stock accounting.

The ASU is effective for fiscal years beginning after December 15, 2026, and interim reporting periods within those annual reporting periods.

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

Note 2 – Cash and Due from Banks

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.

For the three months ended March 31, 2026 and 2025, the Bank maintained average daily balances at the Federal Reserve Bank of Richmond ("Federal Reserve Bank") of $ 1.4 billion for each period, 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 September 30, 2025

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

As of March 31, 2026

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

agency securities $ 332,381 $ — $ ( 17,318 ) $ 315,063

5 unchanged sentences

As of December 31, 2025

(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

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

agency securities $ 355,249 $ — $ ( 17,541 ) $ 337,708

4 unchanged sentences

Total available-for-sale securities $ 1,055,146 $ 269 $ ( 78,645 ) $ 976,770

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 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 September 30, 2025

As of March 31, 2026

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

15 unchanged sentences

Total held-to-maturity securities, net of ACL $ 854,780

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.

In addition, as of March 31, 2026 and December 31, 2025, the Company held $ 27.7 million and $ 28.3 million, respectively, in non-marketable equity securities 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 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.

As of March 31, 2026 and December 31, 2025, the Company had $ 36.9 million and $ 38.5 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 $ 5.9 million and $ 6.6 million as of September 30, 2025 and December 31, 2024, respectively.

Accrued interest receivable on investment securities was $ 5.5 million as of March 31, 2026 and December 31, 2025.

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

Eagle Bancorp, Inc First Quarter 2026 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

As of March 31, 2026

Less than 12 Months 12 Months or Greater Total

17 unchanged sentences

Investment securities available-for-sale:

treasury bonds 1 $ — $ — $ 24,776 $ ( 212 ) $ 24,776 $ ( 212 )

agency securities 52 $ — $ — $ 337,708 $ ( 17,541 ) $ 337,708 $ ( 17,541 )

10 unchanged sentences

Total 212 $ 6,193 $ ( 521 ) $ 762,849 $ ( 80,350 ) $ 769,042 $ ( 80,871 )

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 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 measures its AFS and HTM securities portfolios for current expected credit losses as part of its ACL analysis.

As of March 31, 2026, 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 AFS securities are expected to recover as the securities approach their respective maturity dates.

The Company measures its AFS and HTM securities portfolios for 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 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.

As of March 31, 2026 and December 31, 2025, the Company had an allowance for credit losses outstanding of zero on its AFS securities and $ 0.9 million and $ 1.0 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 September 30, 2025

As of March 31, 2026

(dollars in thousands) Amortized Cost Estimated Fair Value

19 unchanged sentences

Total $ 1,850,037 $ 1,687,552

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

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

(dollars in thousands) 2025 2024 2025 2024

Proceeds from sales and calls $ 84,157 $ 4,542 $ 197,117 $ 31,644

Gross realized gains from sales and calls 3 3 12 10

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

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.

There were no sales and calls of investment securities during the three months ended March 31, 2026 and 2025, therefore, no proceeds from sales or calls in either period.

As of March 31, 2026 and December 31, 2025, 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 $ 16.0 million and $ 519.6 million, respectively.

As of March 31, 2026 and December 31, 2025, there were no holdings of securities of any one issuer, other than the U.S.

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

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

2 unchanged sentences

metropolitan area and surrounding communities.

A substantial portion of the Bank’s loan portfolio consists of loans to businesses secured by real estate and other business assets.

The Bank’s loan portfolio primarily consists of loans to businesses secured by real estate and other business assets, as evidenced by the table below.

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

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

(dollars in thousands) Amount % Amount %

Commercial $ 1,432,933 21 % $ 1,338,486 18 %

PPP loans 103 — % 287 — %

Income producing - commercial real estate 3,030,004 44 % 3,350,718 46 %

9 unchanged sentences

$ 6,791,397 $ 7,120,855

(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.

(1) Excludes accrued interest receivable of $ 33.3 million and $ 35.9 million as of March 31, 2026 and December 31, 2025, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Unamortized net deferred fees and costs were $ 17.5 million and $ 17.6 million as of March 31, 2026 and December 31, 2025, respectively.

During the three months ended March 31, 2026, certain loans, primarily income producing - commercial real estate loans, were reclassified from HFI to HFS loans with the lower of cost or fair value of $ 111.8 million.

As of March 31, 2026 and December 31, 2025, the outstanding balance of all HFS loans were $ 55.7 million and $ 90.7 million, respectively, as reported on the Consolidated Balance Sheets, of which $ 55.2 million and $ 90.7 million, respectively, were on nonaccrual status.

As of March 31, 2026 and December 31, 2025, the Bank serviced $ 102.3 million and $ 81.5 million, respectively, of SBA loans and other loan participations, which are not reflected as loan balances on the Consolidated Balance Sheets.

Real estate loans are secured primarily by duly recorded first deeds of trust or mortgages.

12 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

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 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.

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.

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

5 unchanged sentences

Commercial permanent loans generally are underwritten with a term not greater than 10 years or the remaining useful life of the property, whichever is less.

The preferred term is between five to seven years , with amortization to a maximum of 25 years.

The preferred term is between 5 to 7 years, with amortization to a maximum of 25 years.

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

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

ADC loans amounted to $ 1.0 billion as of March 31, 2026.

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 54 % of the outstanding ADC loan portfolio as of September 30, 2025.

ADC loans that provide for the use of interest reserves represent approximately 27 % of the outstanding ADC loan portfolio as of March 31, 2026.

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

Eagle Bancorp, Inc First Quarter 2026 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.

PPP loans are excluded from these tables since they do not carry an allowance for credit loss, as these loans are fully guaranteed as to principal and interest by the SBA, whose guarantee is backed by the full faith and credit of the U.S.

The Company has updated its allocation methodology to better reflect the ACL attributable to loan categories and collateral types.

Conforming changes have been made to prior period amounts.

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

2 unchanged sentences

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 September 30, 2025

For the Three Months Ended March 31, 2026

Allowance for credit losses:

6 unchanged sentences

Ending balance $ 26,291 $ 88,169 $ 17,997 $ 315 $ 12,603 $ 1,124 $ 631 $ 33 $ 147,163

For the Three Months Ended September 30, 2024

For the Three Months Ended March 31, 2025

Allowance for credit losses:

6 unchanged sentences

Ending balance $ 20,662 $ 61,937 $ 26,872 $ 670 $ 16,891 $ 1,680 $ 724 $ 33 $ 129,469

For the Nine Months Ended September 30, 2025

Allowance for credit losses:

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 )

Recoveries of loans previously charged-off 436 329 63 — — — — — 828

Net loans (charged-off) and recovered ( 1,061 ) ( 197,253 ) ( 19,734 ) — ( 17,837 ) — — ( 35 ) ( 235,920 )

Provision for (reversal of) credit losses 9,010 227,273 20,588 ( 115 ) 20,487 482 — 33 277,758

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

For the Nine Months Ended September 30, 2024

Allowance for credit losses:

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 )

Recoveries of loans previously charged-off 220 185 71 — — — — — 476

Net loans (charged-off) and recovered ( 3,930 ) ( 21,144 ) ( 3,729 ) — ( 129 ) — — ( 88 ) ( 29,020 )

Provision for (reversal of) credit losses 6,409 34,406 9,467 ( 123 ) 5,348 ( 695 ) 43 92 54,947

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

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.

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

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

1 unchanged sentence

Income producing-commercial real estate

880 75,781 880 61,657

Owner occupied - commercial real estate — 5,052 — 7,938

3 unchanged sentences

Total $ 16,185 $ 113,045 $ 16,165 $ 90,732

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

Credit Quality Indicators

13 unchanged sentences

Management believes that there is a moderate likelihood of some loss related to those loans that are considered special mention.

Classified (a) Substandard – Loans inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any.

Classified (a) Substandard:

Loans inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any.

Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt.

1 unchanged sentence

Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard.

Classified (b) Doubtful – Loans that have all the weaknesses inherent in a loan classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

Classified (b) Doubtful:

Loans that have all the weaknesses inherent in a loan classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.

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 Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

1 unchanged sentence

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

The table below excludes $ 11.6 million of gross charge-offs associated with loans that were reclassified to HFS or sold during the three months ended March 31, 2026.

As of March 31, 2026

(dollars in thousands) Prior 2022 2023 2024 2025 2026

7 unchanged sentences

YTD gross charge-offs ( 2,681 ) ( 8,852 ) — — — — — — ( 11,533 )

Pass — 103 — — — — — — 103

Income producing - commercial real estate:

3 unchanged sentences

Total 1,658,793 593,394 412,067 88,766 123,779 771 152,434 — 3,030,004

YTD gross charge-offs ( 44,473 ) — — — — — — — ( 44,473 )

Owner occupied - commercial real estate:

13 unchanged sentences

Total 124,358 280,868 75,117 9,990 29,369 7,149 84,267 6,874 617,992

YTD gross charge-offs ( 702 ) — — — — — — — ( 702 )

Construction - C&I (owner occupied):

5 unchanged sentences

Pass — — — — 135 200 2,729 — 3,064

YTD gross charge-offs ( 3 ) — — — — — — ( 32 ) ( 35 )

Total Recorded Investment $ 2,813,974 $ 1,029,433 $ 703,707 $ 374,120 $ 890,302 $ 258,955 $ 857,088 $ 10,981 $ 6,938,560

Total YTD gross charge-offs $ ( 5,607 ) $ ( 8,852 ) $ — $ — $ — $ — $ — $ — $ ( 14,459 )

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

9 unchanged sentences

YTD gross charge-offs ( 1,208 ) ( 525 ) ( 304 ) — ( 57 ) — ( 296 ) — ( 2,390 )

Pass — — 287 — — — — — 287

Income producing - commercial real estate:

6 unchanged sentences

Pass 667,233 209,803 89,580 132,719 126,792 356,437 636 — 1,583,200

Special Mention 23,658 — — — — — — — 23,658

Substandard 14,263 3,137 1,072 452 — — — — 18,924

3 unchanged sentences

Pass 13,331 6,411 10,941 5,838 — — — — 36,521

Substandard 579 — — — — — — — 579

Total 13,910 6,411 10,941 5,838 — — — — 37,100

10 unchanged sentences

Total 1,530 35 114 — — — 44,904 865 47,448

YTD gross charge-offs

— ( 206 ) — — — — — — ( 206 )

Other consumer:

3 unchanged sentences

Total YTD gross charge-offs $ ( 60,861 ) $ ( 731 ) $ ( 304 ) $ — $ ( 57 ) $ — $ ( 10,796 ) $ ( 32 ) $ ( 72,781 )

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

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 First Quarter 2026 Form 10-Q

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

6 unchanged sentences

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

September 30, 2025 December 31, 2024

March 31, 2026 December 31, 2025

(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 327 189 516 333 18 351

Other consumer — — — — — —

$ 19,002 $ 109,759 $ 128,761 $ 47,857 $ 59,040 $ 106,897

(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.

(1) Gross coupon interest income of $ 4.2 million, and $ 3.1 million would have been recorded for the three months ended March 31, 2026 and 2025, 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 $ 2.3 million and $ 1.6 million for the three months ended March 31, 2026 and 2025, 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 Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 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.

As of September 30, 2025

As of March 31, 2026

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

1 unchanged sentence

Commercial $ 769 $ 379 $ — $ 1,148 $ 1,413,731 $ 18,054 $ 1,432,933

PPP loans — — — — 103 — 103

Income producing - commercial real estate 12,654 3,638 — 16,292 2,937,051 76,661 3,030,004

10 unchanged sentences

Commercial $ 2,942 $ 44 $ — $ 2,986 $ 1,317,401 $ 18,099 $ 1,338,486

PPP loans — — — — 287 — 287

Income producing - commercial real estate 2,688 — — 2,688 3,285,493 62,537 3,350,718

13 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

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 First Quarter 2026 Form 10-Q

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.

5 unchanged sentences

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 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 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 — %

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

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

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 — %

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

For the Nine Months Ended September 30, 2025

For the Three Months Ended March 31, 2026

Commercial $ 7,252 $ — $ 7,252 0.5 % 9 months — %

Income producing - commercial real estate 54,090 16,340 70,430 2.3 % 4 months — %

Owner occupied - commercial real estate 12,674 — — — 12,674 0.8 % 4 months — %

Real estate mortgage - residential 4,515 — 4,515 12.6 % 14 months — %

Construction - commercial and residential 1,821 11,486 — — 13,307 1.3 % 22 months — %

Total $ 65,857 $ 16,340 $ 82,197

For the Nine Months Ended September 30, 2024

For the Three Months Ended March 31, 2025

Commercial $ 3,310 $ 9,440 $ 12,750 1.1 % 12 months — %

Income producing - commercial real estate — 70,296 70,296 1.8 % 5 months — %

Owner occupied - commercial real estate 874 — — — 874 0.1 % 12 months — %

Construction - commercial and residential — 11,030 — — 11,030 0.9 % 9 months — %

Total $ 3,310 $ 79,736 $ 83,046

(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 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.

2 unchanged sentences

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

September 30, 2025

March 31, 2026

Commercial $ 18,997 $ — $ — $ 2,581

2 unchanged sentences

Real estate mortgage - residential 4,515 —

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

Construction - C&I (owner occupied) — — — 8,750

Total $ 189,575 $ 7,159 $ — $ 18,754

September 30, 2024

March 31, 2025

Commercial $ 46,010 $ — $ — $ —

3 unchanged sentences

Total $ 228,914 $ 10,605 $ — $ 84,442

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

The Company monitors loan payments on performing and nonperforming loans on an on-going basis to determine if a loan is considered to have a payment default.

3 unchanged sentences

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

September 30, 2025

March 31, 2026

Commercial $ 2,581 $ —

Income producing - commercial real estate 7,159 7,423

Real estate mortgages - residential — 5,736

Construction - commercial and residential 1,520 7,230

Total $ 11,260 $ 14,653

September 30, 2024

Commercial $ 3,321 $ —

March 31, 2025

Income producing - commercial real estate $ — $ 84,442

Construction - commercial and residential — 10,605

Total $ — $ 95,047

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Notes to Consolidated Financial Statements | Note 5 – Leases

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.

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 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.

As of March 31, 2026 and December 31, 2025, the Company had $ 27.6 million and $ 28.5 million of operating lease ROU assets respectively, and $ 34.5 million and $ 35.3 million of operating lease liabilities respectively, on the Company’s Consolidated Balance Sheet.

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 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.

As of March 31, 2026, 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.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 5 – Leases

The tables below present lease costs and other lease information.

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

For the Three Months Ended March 31,

(dollars in thousands) 2026 2025

1 unchanged sentence

Variable lease cost (cost excluded from lease payments) 123 115

Sublease income — — — ( 40 )

Net lease cost $ 1,472 $ 2,007

Operating lease - operating cash flows (fixed payments) $ 1,190 $ 1,499

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

(dollars in thousands) March 31, 2026 December 31, 2025

Right-of-use assets - operating leases $ 27,569 $ 28,451

2 unchanged sentences

Weighted average discount rate - operating leases 3.61 % 3.60 %

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 September 30, 2025

(dollars in thousands) As of March 31, 2026

Twelve months ended:

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

March 31, 2027 $ 4,932

March 31, 2028 4,922

March 31, 2029 4,785

March 31, 2030 4,272

March 31, 2031 3,865

Thereafter 18,455

7 unchanged sentences

Fair Value Hedges of Interest Rate Risk

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.

Assuming the hedging relationship qualifies as highly effective, adjustments will be made to record the hedging instrument at fair value on the balance sheet, with changes in fair value recognized in other comprehensive income (loss).

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.

During 2025, the Company utilized pay-fixed, receive-floating interest rate swaps, accounted for as fair value hedges, to protect itself against adverse fluctuations in the fair value of AFS securities attributable to changes in the designated benchmark interest rate.

Adjustments were made to record the hedging instrument at fair value on the balance sheet, with changes in fair value recognized in interest income.

Changes in fair value of the AFS securities attributable to changes in the hedged risk were reclassified out of other comprehensive income (loss) through interest income each period to offset changes in fair value of the hedging instrument.

The Company voluntarily discontinued this fair value hedging relationship in 2025.

The Company is amortizing the hedging basis adjustment over a period consistent with amortization of other discounts or premiums on the asset.

The cumulative amount of fair value hedging adjustments included in the amortized cost basis of the AFS securities was $ 290 thousand as of March 31, 2026.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

During the quarter ended September 30, 2025, the Company began utilizing receive-fixed, pay-floating interest rate swaps, accounted for as fair value hedges, to protect itself against adverse fluctuations in the fair value of interest-bearing deposits attributable to changes in the benchmark interest rate.

Adjustments will be made to record the hedging instrument at fair value on the balance sheet, with changes in fair value recognized in interest expense.

The carrying value of the interest-bearing deposits will also be adjusted through interest expense, based on changes in fair value attributable to changes in the benchmark interest rate.

Cash Flow Hedges of Interest Rate Risk

The Company historically utilized interest rate swaptions, accounted for as cash flow hedges, to protect itself against adverse fluctuations in interest rates on a forecasted issuance of debt.

During the year ended December 31, 2024, the Company terminated its interest rate swaption contracts and discontinued the associated hedging relationship.

The unamortized amount in accumulated other comprehensive income (loss) related to those swaption contracts was reclassified as a reduction to interest expense.

Interest Rate Products

The Company utilizes interest rate swaps, accounted for as cash flow hedges, to protect itself against adverse fluctuations in interest payments on variable rate loans.

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

The Company designates the receive-fixed, pay-floating interest rate swap as a cash flow hedge of the risk of changes in the cash flows on the hedged transactions.

These swaps will be recorded on the balance sheet at fair value and, assuming the hedging relationship qualifies as highly effective, the gain or loss on the hedging instrument will be recorded in accumulated other comprehensive income and reclassified into interest income in the same period(s) during which the hedged transactions affect earnings.

Any interest accruals will flow through earnings as adjustments to interest income.

Interest Rate Swaps Related to Customer Loans

Interest rate derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers.

5 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 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.

As of March 31, 2026, the Company had posted $ 370 thousand of cash collateral with other financial institutions and held $ 11.6 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 First Quarter 2026 Form 10-Q

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

The table below presents the amounts recorded on the balance sheet related to cumulative basis adjustments for fair value hedges.

(dollars in thousands)

March 31, 2026 December 31, 2025 March 31, 2026 December 31, 2025

Line Item in the Balance Sheet in Which the Hedged Item is Included

Carrying Amount of the Hedged Assets (Liabilities) Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of the Hedged Assets (Liabilities)

$ ( 421,950 ) $ ( 389,295 ) $ 3,050 $ 705

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 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

If the Company had breached any provisions under the agreement as of March 31, 2026, it could have been required to settle its obligations under the agreement at the termination value.

March 31, 2026 December 31, 2025

(dollars in thousands) Notional

4 unchanged sentences

Derivatives designated as hedging instruments:

Interest rate product $ — $ — Other Assets $ — $ — Other Assets

Cash flow hedges

$ — $ — Other Assets $ 300,000 $ 60 Other Assets

Fair value hedges

— — Other Assets — — Other Assets

Total hedging instruments

— — 300,000 60

Derivatives not designated as hedging instruments:

Interest rate product 905,216 31,193 Other Assets 697,086 31,592 Other Assets

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

Interest rate swaps related to customer loans

852,066 23,553 Other Assets 808,009 24,272 Other Assets

Total derivatives in an asset position $ 852,066 $ 23,553 $ 1,108,009 $ 24,332

1 unchanged sentence

Derivatives designated as hedging instruments:

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

Cash flow hedges $ 600,000 $ 2,711 Other Liabilities $ — $ — Other Liabilities

Fair value hedges 390,000 3,201 Other Liabilities

390,000 927 Other Liabilities

Total hedging instruments 990,000 5,912 390,000 927

Derivatives not designated as hedging instruments:

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

Interest rate swaps related to customer loans

852,066 22,332 Other Liabilities 808,009 23,015 Other Liabilities

Total derivatives in a liability position $ 1,842,066 $ 28,244 $ 1,198,009 $ 23,942

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

The table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three months ended March 31, 2026 and 2025.

The Effect of Cash Flow Hedge Accounting on Accumulated Other Comprehensive Income (Loss)

Amount of Gain (Loss) Recognized in OCI Location of Gain (Loss) Recognized from Accumulated Other Comprehensive Income (Loss) into Income (Loss) Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income Year Ended Amount of Gain (Loss) Reclassified from Accumulated OCI into Income

(dollars in thousands) Total Included Component Excluded Component Total Included Component Excluded Component

Three Months Ended March 31, 2026:

Derivatives in cash flow hedging relationships:

Interest rate products $ ( 2,585 ) $ ( 2,585 ) $ — Interest income

$ ( 345 ) $ ( 345 ) $ —

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Three Months Ended March 31, 2025:

Derivatives in cash flow hedging relationships:

Interest rate products $ — $ — $ — Interest expense $ — $ — $ —

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

The Effect of Fair Value and Cash Flow Hedge Accounting on the Consolidated Statements of Operations

Three Months Ended March 31,

(dollars in thousands) Interest Income (Expense)

Total amounts of expense line items presented in the Consolidated Statements of Operations in which the effects of fair value and cash flow hedges are recorded

$ ( 715 ) $ —

The effect of fair value and cash flow hedging:

Gain (loss) on fair value hedging relationships in Subtopic 815-20:

Interest rate products:

$ ( 370 ) $ —

Derivatives designated as hedging instruments 3,201 —

Gain (loss) on cash flow hedging relationships in Subtopic 815-20:

Interest rate products:

Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) $ ( 345 ) $ —

Amount of gain (loss) reclassified from accumulated other comprehensive income into income as a result that a forecasted transaction is no longer probable of occurring — —

Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - included component ( 345 ) —

Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income (loss) - excluded component — —

Eagle Bancorp, Inc First Quarter 2026 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.

Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations

The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Statements of Operations

(dollars in thousands) Location of Gain or (Loss) Recognized in

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

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

2025 2024 2025 2024

For the Three Months Ended March 31,

Derivatives Not Designated as Hedging Instruments under ASC 815-20:

2 unchanged sentences

The table below presents the Bank’s deposit composition.

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

(dollars in thousands) March 31, 2026 December 31, 2025

Noninterest-bearing demand $ 1,488,668 $ 1,433,952

3 unchanged sentences

Total $ 8,591,499 $ 9,133,606

The table below represents the remaining maturity of time deposits.

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

The tables below represent the remaining maturity of time deposits.

(dollars in thousands) March 31, 2026 December 31, 2025

2026 $ 1,825,180 $ 2,178,745

6 unchanged sentences

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

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

(dollars in thousands) March 31, 2026 December 31, 2025

Three months or less $ 410,568 $ 252,100

3 unchanged sentences

Total $ 1,359,061 $ 1,470,657

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

As of March 31, 2026, total brokered deposits were $ 2.9 billion, or 34 % of total deposits, compared to $ 3.3 billion, or 36 %, as of December 31, 2025.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 8 – Borrowings

Note 8 – Borrowings

The table below summarizes the Company’s borrowings, which include repurchase agreements with the Company’s customers and borrowings.

The table below summarizes the Company’s borrowings.

(dollars in thousands) Borrowings - Principal Unamortized Deferred Issuance Costs Net Borrowings Outstanding Available Capacity (1)

Maturity Dates Interest Rates (2)

As of September 30, 2025

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

As of March 31, 2026

Short-term borrowings:

7 unchanged sentences

As of December 31, 2025

Customer repurchase agreements $ 33,157 $ — $ 33,157 $ — N/A 2.67 %

Short-term borrowings:

Secured borrowings:

FHLB 490,000 — 490,000 874,270 Various 4.81 %

Discount window — — — 1,800,646 N/A N/A

FHLB $ — $ — $ — $ 1,349,351 N/A — %

Discount window — — — 1,373,872 N/A —%

Total — — — 2,723,223

3 unchanged sentences

(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 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.

The Company’s repurchase agreements operate on a rolling basis and do not contain contractual maturity dates.

The contractual maturity dates on FHLB secured borrowings represent the maturity dates of current advances and are not evidence of a termination date on the line.

FHLB capacity was reduced by $ 23.0 million as of March 31, 2026 and $ 12.4 million as of December 31, 2025 due to the issuance of letters of credit.

As of March 31, 2026, the Company had total additional undrawn borrowing capacity of approximately $ 3.8 billion, comprising unencumbered securities available to be pledged of approximately $ 1.7 billion and undrawn financing on pledged assets of $ 2.1 billion.

(2) Represents 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.

There are no prepayment penalties nor unused commitment fees on any of the Company’s borrowing arrangements.

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 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").

Pursuant to the Registration Rights Agreement, the Company filed an exchange offer registration statement with the SEC to exchange the Senior Notes for substantially identical notes registered under the Securities Act ("Exchange Notes").

The terms of the Exchange Notes are identical to the terms of the Original Notes, except that the transfer restrictions and registration rights applicable to the Original Notes do not apply to the Exchange Notes.

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

The Company used to offer a sweep account, or "customer repurchase agreement," allowing qualifying businesses to earn interest on short-term excess funds, which were not suited for either a certificate of deposit or a money market account.

The Company discontinued this product offering in November 2025.

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").

As of March 31, 2026, the carrying value of these 2029 Senior Notes was $ 76.5 million which reflected $ 1.2 million in unamortized deferred financing costs that are being amortized over the life of the 2029 Senior Notes.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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 September 30, For the Nine Months Ended September 30,

For the Three Months Ended March 31,

(dollars and shares in thousands, except per share data) 2026 2025

9 unchanged sentences

Anti-dilutive shares 39 136

(1) For periods ended with a net loss, anti-dilutive financial instruments have been excluded from the calculation of GAAP diluted earnings per share.

(1) For any periods ending with a net loss, anti-dilutive financial instruments are excluded from the calculation of GAAP diluted earnings per share.

Basic net income (loss) per share is computed by dividing income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period.

3 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 Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

1 unchanged sentence

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

Three Months Ended September 30,

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

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

Three Months Ended March 31, 2026

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

$ ( 70 ) $ ( 9 ) $ ( 79 )

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

Amortization adjustment for (gain) loss on fair value hedging relationships

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

( 3 ) — ( 3 )

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

1 unchanged sentence

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,552 ( 357 ) 1,195

Total unrealized gain (loss) on securities held-to-maturity 1,552 ( 357 ) 1,195

Unrealized gain (loss) on derivatives

( 3,042 ) 748 ( 2,294 )

Reclassification adjustment for (gain) loss on cash flow hedging relationships 345 ( 85 ) 260

Total unrealized gain (loss) on derivatives ( 2,697 ) 663 ( 2,034 )

Other comprehensive income (loss) $ ( 1,211 ) $ 297 $ ( 914 )

For the Nine Months Ended September 30,

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

Three Months Ended March 31, 2025

Unrealized gain (loss) on securities available-for-sale $ 25,673 $ ( 6,322 ) $ 19,351

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

( 4 ) 1 ( 3 )

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 25,669 ( 6,321 ) 19,348

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

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,565 ( 361 ) 1,204

Unrealized gain (loss) on derivatives ( 24 ) 6 ( 18 )

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

Other comprehensive income (loss) $ 27,210 $ ( 6,676 ) $ 20,534

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

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

Comprehensive Income (Loss)

For the Three Months Ended September 30, 2025

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

Other comprehensive income (loss) before reclassifications 7,839 — ( 86 ) 7,753

Amortization of unrealized loss on securities transferred to held-to-maturity — 1,212 — 1,212

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

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 September 30, 2024

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

Other comprehensive income (loss) before reclassifications 35,338 — ( 25 ) 35,313

Amortization of unrealized loss on securities transferred to held-to-maturity — 1,355 — 1,355

Amounts reclassified from accumulated other comprehensive income (loss) ( 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 Nine Months Ended September 30, 2025

For the Three Months Ended March 31, 2026

Balance at beginning of period $ ( 59,486 ) $ ( 29,757 ) $ 84 $ ( 89,159 )

4 unchanged sentences

Balance at end of period $ ( 59,561 ) $ ( 28,562 ) $ ( 1,950 ) $ ( 90,073 )

For the Nine Months Ended September 30, 2024

For the Three Months Ended March 31, 2025

Balance at beginning of period $ ( 106,852 ) $ ( 34,639 ) $ 18 $ ( 141,473 )

4 unchanged sentences

Balance at end of period $ ( 87,504 ) $ ( 33,435 ) $ — $ ( 120,939 )

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

4 unchanged sentences

Net Income (Loss) is Presented

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

For the Three Months Ended March 31,

(dollars in thousands) 2026 2025

Realized gain (loss) on sale of investment securities $ 3 $ 4 Net gain (loss) on sale of investment securities

Gain (loss) on fair value hedging relationships - AFS securities

( 7 ) — Interest income

Gain (loss) on cash flow hedging relationships - Loans

( 345 ) — Interest income

Income tax benefit (expense) 85 ( 1 ) Income tax expense

15 unchanged sentences

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

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

1 unchanged sentence

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

As of September 30, 2025

As of March 31, 2026

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

5 unchanged sentences

Corporate bonds — 1,953 — 1,953

Interest rate product — 31,193 — 31,193

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 September 30, 2025 $ — $ 25,191 $ — $ 25,191

Derivative assets

— 23,553 — 23,553

Total assets measured at fair value on a recurring basis

$ — $ 953,867 $ — $ 953,867

Derivative liabilities

$ — $ 28,244 $ — $ 28,244

Total liabilities measured at fair value on a recurring basis

$ — $ 28,244 $ — $ 28,244

As of December 31, 2025

1 unchanged sentence

Investment securities available-for-sale:

treasury bonds $ — $ 24,776 $ — $ 24,776

agency securities — 337,708 — 337,708

3 unchanged sentences

Corporate bonds — 1,967 — 1,967

Interest rate product — 31,592 — 31,592

Total assets measured at fair value on a recurring basis as of December 31, 2024 $ — $ 1,298,996 $ — $ 1,298,996

Interest rate product $ — $ 29,110 $ — $ 29,110

Total liabilities measured at fair value on a recurring basis as of December 31, 2024 $ — $ 29,110 $ — $ 29,110

Derivative assets — 24,332 — 24,332

Total assets measured at fair value on a recurring basis

$ — $ 1,001,102 $ — $ 1,001,102

Derivative liabilities $ — $ 23,942 $ — $ 23,942

Total liabilities measured at fair value on a recurring basis

$ — $ 23,942 $ — $ 23,942

Investment securities available-for-sale:

11 unchanged sentences

Accordingly, RPAs fall within Level 2.

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

8 unchanged sentences

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

As of March 31, 2026, 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.

When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the loan as nonrecurring Level 3.

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

When management determines the fair value of the collateral based on the appraised value and there is no observable market price, the Company records the loan as nonrecurring Level 3.

Other real estate owned ("OREO") :

1 unchanged sentence

Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral, which the Company classifies as a Level 3 valuation.

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 September 30, 2025 and December 31, 2024.

As of September 30, 2025

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

There were no liabilities measured at fair value on a non-recurring basis as of March 31, 2026 and December 31, 2025.

As of March 31, 2026

(dollars in thousands) Quoted Prices

13 unchanged sentences

Other real estate owned — — 2,059 2,059

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

Total assets measured at fair value on a nonrecurring basis

$ — $ — $ 148,610 $ 148,610

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

10 unchanged sentences

Owner occupied - commercial real estate — — 3,695 3,695

Real estate mortgage - residential — — 579 579

Construction - commercial and residential — — 14,460 14,460

Consumer — — 333 333

Loans held for sale

— — 90,650 90,650

Other real estate owned — — 2,059 2,059

Total assets measured at fair value on a nonrecurring basis as of December 31, 2024 $ — $ — $ 194,937 $ 194,937

Total assets measured at fair value on a nonrecurring basis

$ — $ — $ 180,011 $ 180,011

As shown in the table above, certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP.

13 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 Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

7 unchanged sentences

Inputs (Level 3)

As of September 30, 2025

As of March 31, 2026

Cash and due from banks $ 12,626 $ 12,626 $ 12,626 $ — $ —

Federal funds sold 1,457 1,457 — 1,457 —

Interest-bearing deposits with other banks 566,733 566,733 — 566,733 —

11 unchanged sentences

Time deposits 2,838,376 2,844,719 — 2,844,719 —

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

Long-term borrowings 76,511 81,167 — 81,167 —

3 unchanged sentences

Cash and due from banks $ 11,692 $ 11,692 $ 11,692 $ — $ —

Federal funds sold 2,581 2,581 — 2,581 —

Interest-bearing deposits with other banks 684,001 684,001 — 684,001 —

2 unchanged sentences

Federal Reserve and Federal Home Loan Bank stock 28,327 N/A — — —

Loans held for sale 90,650 90,650 — 90,650

Loans held for investment 7,280,459 7,093,276 — — 7,093,276

6 unchanged sentences

Time deposits 3,036,687 3,050,951 — 3,050,951 —

Customer repurchase agreements 33,157 33,157 — 33,157 —

Other short-term borrowings 490,000 490,000 — 490,000 —

Long-term borrowings 76,428 80,329 — 80,329 —

1 unchanged sentence

Accrued interest payable 10,798 10,798 — 10,798 —

Eagle Bancorp, Inc Third Quarter 2025 Form 10-Q

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 12 – Segment Reporting

20 unchanged sentences

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

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

Attorney’s Office regarding a potential resolution of the investigation, but there can be no assurance that these discussions will lead to a resolution.

In light of the advanced discussions for this matter, the Company accrued a provision of $ 10 million for the fourth quarter of 2025.

Refer to Note 19 – Commitments and Contingent Liabilities in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.

Eagle Bancorp, Inc First Quarter 2026 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