What changed in this filing

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Item 1. Financial Statements

2026-08-06 compared with 2026-05-07 · 299 added, 173 removed, 1258 unchanged (27% of the section changed)

3 unchanged sentences

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

March 31, 2026

June 30, 2026

December 31, 2025

23 unchanged sentences

Total deposits 8,185,097 9,133,606

Other short-term borrowings 100,000 —

Long-term borrowings 76,593 76,428

12 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

2 unchanged sentences

(dollars in thousands, except per share data)

For the Three Months Ended March 31,

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

2026 2025 2026 2025

Interest Income

10 unchanged sentences

Net Interest Income 62,350 67,776 126,044 133,425

Provision for (Reversal of) Credit Losses 13,382 26,255

Provision for Credit Losses 21,448 138,159 34,830 164,414

Provision for (Reversal of) Credit Losses for Unfunded Commitments 8 1,759 ( 1,771 ) 1,462

3 unchanged sentences

Gain (loss) on sale of loans

2,291 — 5,841 —

Net gain (loss) on sale of investment securities 266 ( 1,854 ) 269 ( 1,850 )

13 unchanged sentences

Income Tax Expense (Benefit)

707 ( 39,423 ) 2,048 ( 38,651 )

Net Income (Loss) $ 6,918 $ ( 69,775 ) $ 21,636 $ ( 68,100 )

3 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

2 unchanged sentences

(dollars in thousands)

For the Three Months Ended March 31,

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

2026 2025 2026 2025

Net Income (Loss) $ 6,918 $ ( 69,775 ) $ 21,636 $ ( 68,100 )

1 unchanged sentence

Unrealized gain (loss) on securities available-for-sale ( 1,264 ) 10,241 ( 1,343 ) 29,594

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

Reclassification adjustment for net (gain) loss included in net income (loss) ( 193 ) 1,185 ( 189 ) 1,180

7 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

1 unchanged sentence

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

Three Months Ended March 31, 2026 and 2025

Three Months Ended June 30, 2026 and 2025

(dollars in thousands, except share data)

5 unchanged sentences

Shares Amount

Balance as of January 1, 2026

Balance as of April 1, 2026

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

Net Income (Loss) — — — 6,918 — 6,918

Other comprehensive income (loss), net of tax — — — — ( 3,406 ) ( 3,406 )

Stock-based compensation expense — — 1,953 — 1,953

Issuance of common stock under share-based compensation arrangements ( 10,172 ) — ( 44 ) ( 7 ) — ( 51 )

Issuance of common stock related to employee stock purchase plan 5,922 — 123 — 123

Cash dividends declared ($ 0.01 per share)

— — — ( 308 ) — ( 308 )

Balance as of June 30, 2026

30,490,409 $ 302 $ 385,082 $ 858,601 $ ( 93,479 ) $ 1,150,506

Balance as of April 1, 2025

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

Net Income (Loss) — — — ( 69,775 ) — ( 69,775 )

Other comprehensive income, net of tax — — — — 12,574 12,574

4 unchanged sentences

— — — ( 5,015 ) — ( 5,015 )

Balance as of March 31, 2026

Balance as of June 30, 2025

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

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

EAGLE BANCORP, INC.

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited)

Six Months Ended June 30, 2026 and 2025

(dollars in thousands, except share data)

Common Additional Paid-in Capital Retained

Earnings Accumulated

Comprehensive

Income (Loss) Total

Shareholders’

Shares Amount

Balance as of January 1, 2026

1 unchanged sentence

Net Income (Loss) — — — 21,636 — 21,636

Other comprehensive income (loss), net of tax — — — — ( 4,320 ) ( 4,320 )

Stock-based compensation expense — — 3,464 — — 3,464

Issuance of common stock under share-based compensation arrangements 121,040 2 ( 1,081 ) ( 67 ) — ( 1,146 )

Issuance of common stock related to employee stock purchase plan 9,737 — 200 — — 200

Cash dividends declared ($ 0.02 per share)

— — — ( 611 ) — ( 611 )

Balance as of June 30, 2026

30,490,409 $ 302 $ 385,082 $ 858,601 $ ( 93,479 ) $ 1,150,506

Balance as of January 1, 2025

30,202,003 $ 298 $ 384,932 $ 982,304 $ ( 141,473 ) $ 1,226,061

Net Income (Loss) — — — ( 68,100 ) — ( 68,100 )

Other comprehensive income, net of tax — — — — 33,108 33,108

4 unchanged sentences

— — — ( 9,999 ) — ( 9,999 )

Balance as of March 31, 2025

Balance as of June 30, 2025

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

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Financial Statements and Supplementary Data

2 unchanged sentences

(dollars in thousands)

For the Three Months Ended March 31,

For the Six Months Ended June 30,

Cash Flows From Operating Activities:

13 unchanged sentences

Cash Flows From Investing Activities:

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

Proceeds from paydowns of available-for-sale securities 51,505 60,151

6 unchanged sentences

Proceeds from sale of loans 293,766 —

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

Net (purchases) redemptions of bank-owned life insurance 805 ( 200,000 )

Proceeds from sale of other real estate owned 360 772

4 unchanged sentences

Increase (decrease) in customer repurchase agreements — ( 9,715 )

Increase (decrease) in short-term borrowings 100,000 ( 440,000 )

Net settlement of withholding taxes on the vesting of stock awards ( 1,146 ) —

7 unchanged sentences

Interest paid $ 135,577 $ 175,450

Income taxes paid — 1,460

Supplemental Non-Cash Disclosures:

2 unchanged sentences

See Notes to Consolidated Financial Statements.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

25 unchanged sentences

Reclassifications had no effect on net income (loss) or shareholders' equity.

These statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Company's Annual Report on 2025 Form 10-K.

These statements should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Use of Estimates

8 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

31 unchanged sentences

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

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

4 unchanged sentences

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

For the Three Months Ended March 31,

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

(dollars in thousands) 2026

24 unchanged sentences

These loans are used for general corporate purposes

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

12 unchanged sentences

Construction – commercial and residential .

The construction commercial and residential loan portfolio comprises loans made to builders and developers of commercial and residential property, for renovation, new construction and development projects.

Collateral properties include apartment buildings, mixed-use properties, residential condominiums, single unit and 1-4 unit residential properties and office buildings.

23 unchanged sentences

We have several pass credit grades that are assigned to loans based on varying levels of risk, ranging from loans that are secured by cash or marketable securities, to watch list loans that have all the characteristics of an

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

38 unchanged sentences

Accrued interest receivable is reversed against interest income when a

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

36 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

35 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 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.

For the six months ended June 30, 2026 and 2025, the Bank maintained average daily balances at the Federal Reserve Bank of Richmond ("Federal Reserve Bank") of $ 1.3 billion and $ 1.4 billion, respectively, on which interest is paid.

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

1 unchanged sentence

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

As of March 31, 2026

As of June 30, 2026

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

13 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 March 31, 2026

As of June 30, 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 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.

In addition, as of June 30, 2026 and December 31, 2025, the Company held $ 32.5 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 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.

As of June 30, 2026 and December 31, 2025, the Company had $ 35.2 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 was $ 5.5 million as of March 31, 2026 and December 31, 2025.

Accrued interest receivable on investment securities was $ 5.3 million and $ 5.5 million as of June 30, 2026 and December 31, 2025, respectively.

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 March 31, 2026

As of June 30, 2026

Less than 12 Months 12 Months or Greater Total

29 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 3 – Investment Securities

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.

As of June 30, 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.

1 unchanged sentence

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 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.

As of June 30, 2026 and December 31, 2025, the Company had no allowance for credit losses outstanding on its AFS securities and $ 454 thousand and $ 1.0 million, respectively, on its HTM securities, 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 March 31, 2026

As of June 30, 2026

(dollars in thousands) Amortized Cost Estimated Fair Value

19 unchanged sentences

Total $ 1,799,485 $ 1,635,177

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.

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

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

(dollars in thousands) 2026 2025 2026 2025

Proceeds from sales and calls $ 12,055 $ 62,909 $ 12,112 $ 112,961

Gross realized gains from sales and calls 266 3 269 8

Gross realized losses from sales and calls — 1,857 — 1,858

As of June 30, 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 $ 21.4 million and $ 519.6 million, respectively.

As of June 30, 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 First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

4 unchanged sentences

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

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

(dollars in thousands) Amount % Amount %

11 unchanged sentences

$ 6,501,294 $ 7,120,855

(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.

(1) Excludes accrued interest receivable of $ 30.8 million and $ 35.9 million as of June 30, 2026 and December 31, 2025, respectively, which were recorded in other assets on the Consolidated Balance Sheets.

Unamortized net deferred fees and costs were $ 16.8 million and $ 17.6 million as of June 30, 2026 and December 31, 2025, respectively.

During the six months ended June 30, 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 $ 238.5 million.

As of June 30, 2026 and December 31, 2025, the outstanding balance of all HFS loans were $ 49.7 million and $ 90.7 million, respectively, as reported on the Consolidated Balance Sheets, of which $ 25.6 million and $ 90.7 million, respectively, were on nonaccrual status.

As of June 30, 2026 and December 31, 2025, the Bank serviced $ 253.8 million and $ 81.5 million, respectively, of loan participations and SBA loans, 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.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

9 unchanged sentences

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

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

ADC loans amounted to $ 861.2 million as of June 30, 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 27 % of the outstanding ADC loan portfolio as of March 31, 2026.

ADC loans that provide for the use of interest reserves represent approximately 28 % of the outstanding ADC loan portfolio as of June 30, 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 First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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.

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

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

3 unchanged sentences

Producing - Commercial Real Estate Owner

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 March 31, 2026

Occupied - Commercial Real Estate Real Estate Mortgage - Residential Construction -Commercial

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

For the Three Months Ended June 30, 2026

Allowance for credit losses:

6 unchanged sentences

Ending balance $ 28,673 $ 68,824 $ 17,186 $ 305 $ 4,407 $ 1,112 $ 605 $ 29 $ 121,141

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

Allowance for credit losses:

6 unchanged sentences

Ending balance $ 28,955 $ 94,206 $ 27,182 $ 814 $ 25,989 $ 5,569 $ 1,032 $ 49 $ 183,796

For the Six Months Ended June 30, 2026

Allowance for credit losses:

Balance at beginning of period

$ 26,607 $ 98,707 $ 20,719 $ 339 $ 11,171 $ 1,515 $ 519 $ 27 $ 159,604

Loans charged-off ( 13,921 ) ( 49,527 ) ( 2,926 ) ( 80 ) ( 8,703 ) — — — ( 75,157 )

Recoveries of loans previously charged-off 122 1,123 37 — 6 — — — 1,288

Net loans (charged-off) and recovered ( 13,799 ) ( 48,404 ) ( 2,889 ) ( 80 ) ( 8,697 ) — — — ( 73,869 )

Provision for (reversal of) credit losses 15,865 18,521 ( 644 ) 46 1,933 ( 403 ) 86 2 35,406

Ending balance $ 28,673 $ 68,824 $ 17,186 $ 305 $ 4,407 $ 1,112 $ 605 $ 29 $ 121,141

For the Six Months Ended June 30, 2025

Allowance for credit losses:

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

Loans charged-off ( 968 ) ( 74,195 ) ( 9,797 ) — ( 10,703 ) — — ( 35 ) ( 95,698 )

Recoveries of loans previously charged-off 215 329 47 — — — — — 591

Net loans (charged-off) and recovered ( 753 ) ( 73,866 ) ( 9,750 ) — ( 10,703 ) — — ( 35 ) ( 95,107 )

Provision for (reversal of) credit losses 10,318 112,887 14,278 204 22,107 4,287 379 53 164,513

Ending balance $ 28,955 $ 94,206 $ 27,182 $ 814 $ 25,989 $ 5,569 $ 1,032 $ 49 $ 183,796

Eagle Bancorp, Inc Second Quarter 2026 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.

March 31, 2026 December 31, 2025

June 30, 2026 December 31, 2025

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

7 unchanged sentences

Total $ 23,571 $ 87,954 $ 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

8 unchanged sentences

Management believes that there is a low likelihood of loss related to those loans that are considered pass.

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

Special Mention:

11 unchanged sentences

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 $ 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

The table below excludes $ 36.7 million of gross charge-offs associated with loans that were reclassified to HFS or sold as of June 30, 2026.

As of June 30, 2026

(dollars in thousands) Prior 2022 2023 2024 2025 2026

12 unchanged sentences

Total 1,408,728 566,737 386,963 87,161 123,191 15,605 140,998 — 2,729,383

YTD gross charge-offs ( 23,744 ) — — — — — — — ( 23,744 )

Owner occupied - commercial real estate:

13 unchanged sentences

Total 116,347 185,817 75,131 9,525 41,816 7,298 79,252 7,935 523,121

YTD gross charge-offs ( 28 ) — — — — — — — ( 28 )

Construction - C&I (owner occupied):

7 unchanged sentences

Total YTD gross charge-offs $ ( 36,319 ) $ ( 53 ) $ — $ — $ — $ — $ ( 2,045 ) $ — $ ( 38,417 )

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

46 unchanged sentences

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

Eagle Bancorp, Inc Second 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.

March 31, 2026 December 31, 2025

June 30, 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

6 unchanged sentences

$ 44,349 $ 66,775 $ 111,124 $ 47,857 $ 59,040 $ 106,897

(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.

(1) Gross coupon interest income of $ 6.0 million, and $ 10.2 million would have been recorded for the six months ended June 30, 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 $ 2.7 million and $ 6.7 million for the six months ended June 30, 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 First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 March 31, 2026

As of June 30, 2026

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

30 unchanged sentences

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

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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(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 March 31, 2026

For the Three Months Ended June 30, 2026

Commercial $ 7,163 $ 524 $ 7,687 0.5 % 16 months

Income producing - commercial real estate 20,814 14,244 35,058 1.3 % 8 months

Owner occupied - commercial real estate 1,547 — 1,547 0.1 % 3 months

Construction - commercial and residential — 10,639 10,639 2.0 % 2 months

Total $ 29,524 $ 25,407 $ 54,931

For the Three Months Ended June 30, 2025

Commercial $ 13,554 $ 10,490 $ 24,044 2.0 % 13 months

Income producing - commercial real estate 4,070 103,593 107,663 2.9 % 25 months

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

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

Construction - commercial and residential 1,900 11,161 13,061 1.1 % 8 months

Total $ 32,235 $ 130,980 $ 163,215

For the Three Months Ended March 31, 2025

For the Six Months Ended June 30, 2026

Commercial $ 12,338 $ 524 $ 12,862 0.8 % 16 months

Income producing - commercial real estate 22,710 17,757 40,467 1.5 % 12 months

Owner occupied - commercial real estate 1,547 — 1,547 0.1 % 3 months

Real estate mortgage - residential 4,508 — 4,508 12.7 % 14 months

Construction - commercial and residential — 10,639 10,639 2.0 % 2 months

Total $ 41,103 $ 28,920 $ 70,023

For the Six Months Ended June 30, 2025

Commercial $ 16,855 $ 10,490 $ 27,345 2.3 % 20 months

Income producing - commercial real estate 4,070 137,203 141,273 3.7 % 23 months

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

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

Construction - commercial and residential 1,900 11,161 13,061 1.1 % 8 months

Total $ 35,536 $ 164,590 $ 200,126

(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.

(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.

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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

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

March 31, 2026

June 30, 2026

Commercial $ 12,461 $ — $ — $ 5,245

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Real estate mortgage - residential 4,508 — — —

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

Construction - commercial and residential 10,639 — — 1,087

Total $ 115,931 $ 3,510 $ — $ 26,858

March 31, 2025

June 30, 2025

Commercial $ 43,093 $ — $ — $ 518

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Owner occupied - commercial real estate 12,711 — — —

Real estate mortgage - residential — — — 5,736

Construction - commercial and residential 18,083 — — 9,831

Total $ 194,533 $ 5,656 $ — $ 79,498

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.

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

March 31, 2026

June 30, 2026

Commercial $ 5,245 $ —

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Total $ 18,023 $ 12,345

March 31, 2025

June 30, 2025

Commercial $ — $ 518

Income producing - commercial real estate — 69,069

Real estate mortgages - residential — 5,736

Construction - commercial and residential — 9,831

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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 Second Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 5 – Leases

Note 5 – Leases

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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 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.

As of June 30, 2026 and December 31, 2025, the Company had $ 28.0 million and $ 28.5 million of operating lease ROU assets respectively, and $ 35.1 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.

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

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

As of June 30, 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.

The tables below present lease costs and other lease information.

For the Three Months Ended March 31,

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

(dollars in thousands) 2026 2025 2026 2025

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Operating lease - operating cash flows (fixed payments) $ 1,199 $ 1,512 $ 2,389 $ 3,011

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

(dollars in thousands) June 30, 2026 December 31, 2025

Right-of-use assets - operating leases $ 27,964 $ 28,451

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Weighted average discount rate - operating leases 3.64 % 3.60 %

Eagle Bancorp, Inc Second Quarter 2026 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 March 31, 2026

(dollars in thousands) As of June 30, 2026

Twelve months ended:

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

June 30, 2027 $ 5,452

June 30, 2028 5,202

June 30, 2029 4,961

June 30, 2030 4,373

June 30, 2031 4,111

Thereafter 17,519

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Fair Value Hedges of Interest Rate Risk

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.

During 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 are 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 are also adjusted through interest expense, based on changes in fair value attributable to changes in the benchmark interest rate.

During 2025, the Company also 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.

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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.

The cumulative amount of fair value hedging adjustments included in the amortized cost basis of the AFS securities was $ 283 thousand as of June 30, 2026.

Cash Flow Hedges of Interest Rate Risk

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The Company executes interest rate caps and swaps with commercial banking customers to facilitate their respective risk management strategies.

Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions.

Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

net risk exposure resulting from such transactions.

As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings (loss).

The Company entered into credit risk participation agreements ("RPAs") with institutional counterparties, under which the Company assumes its pro-rata share of the credit exposure associated with a borrower’s performance related to interest rate derivative contracts in exchange for a fee.

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

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

Credit Risk Related Contingent Features

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

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.

As of June 30, 2026, the Company had posted no cash collateral with other financial institutions and held $ 16.0 million of cash collateral on behalf of other financial institutions.

The interest rate derivative agreements detail:

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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

June 30, 2026 December 31, 2025 June 30, 2026 December 31, 2025

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

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$ ( 383,550 ) $ ( 389,295 ) $ 6,450 $ 705

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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

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

If the Company had breached any provisions under the agreement as of 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

If the Company had breached any provisions under the agreement as of June 30, 2026, it could have been required to settle its obligations under the agreement at the termination value.

June 30, 2026 December 31, 2025

(dollars in thousands) Notional

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Total derivatives in a liability position $ 2,026,130 $ 37,964 $ 1,198,009 $ 23,942

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second 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 table below presents the pre-tax net gains (losses) of the Company’s designated cash flow hedges for the three and six months ended June 30, 2026 and 2025.

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

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

Three Months Ended March 31, 2026:

For the Three Months Ended June 30, 2026

Derivatives in cash flow hedging relationships:

Interest rate products $ ( 4,784 ) $ ( 4,784 ) $ — Interest income $ 421 $ 421 $ —

For the Three Months Ended June 30, 2025

Derivatives in cash flow hedging relationships:

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

For the Six Months Ended June 30, 2026

Derivatives in cash flow hedging relationships:

Interest rate products $ ( 7,826 ) $ ( 7,826 ) $ — Interest income

$ 766 $ 766 $ —

Three Months Ended March 31, 2025:

For the Six Months Ended June 30, 2025

Derivatives in cash flow hedging relationships:

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

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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)

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

2026 2025 2026 2025

(dollars in thousands) Interest Income (Expense) 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

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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.

2 unchanged sentences

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

For the Three Months Ended March 31,

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

2026 2025 2026 2025

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

Interest rate products Other income / (expense) $ 274 $ 566 $ 695 $ 560

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 7 – Deposits

Note 7 – Deposits

The table below presents the Bank’s deposit composition.

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

(dollars in thousands) June 30, 2026 December 31, 2025

Noninterest-bearing demand $ 1,567,336 $ 1,433,952

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The tables below represent the remaining maturity of time deposits.

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

(dollars in thousands) June 30, 2026 December 31, 2025

2026 $ 1,151,458 $ 2,178,745

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

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

(dollars in thousands) June 30, 2026 December 31, 2025

Three months or less $ 213,054 $ 252,100

3 unchanged sentences

Total $ 1,228,856 $ 1,470,657

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

As of June 30, 2026, total brokered deposits were $ 2.6 billion, or 32 % of total deposits, compared to $ 3.3 billion, or 36 %, as of December 31, 2025.

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 8 – Borrowings

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Maturity Dates Interest Rates (2)

As of March 31, 2026

As of June 30, 2026

Short-term borrowings:

Secured borrowings:

FHLB $ — $ — $ — $ 899,817 N/A — %

FHLB $ 100,000 $ — $ 100,000 $ 719,130 July 7, 2026 (3)

Discount window — — — 1,195,914 N/A — %

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

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.

FHLB capacity was reduced by $ 173.4 million as of June 30, 2026 and $ 12.4 million as of December 31, 2025 due to borrowing and the issuance of letters of credit.

As of June 30, 2026, the Company had total additional undrawn borrowing capacity of approximately $ 3.5 billion, comprising unencumbered securities available to be pledged of approximately $ 1.6 billion and undrawn financing on pledged assets of $ 1.9 billion.

(2) Represents the weighted average interest rate on borrowings outstanding and the coupon interest rate on the senior notes, which approximates the effective interest rate.

(3) FHLB borrowings of $ 100 million were paid off upon its maturity on July 7, 2026.

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

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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

As of June 30, 2026, the carrying value of these 2029 Senior Notes was $ 76.6 million which reflected $ 1.1 million in unamortized deferred financing costs that are being amortized over the life of the 2029 Senior Notes.

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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

For the Three Months Ended March 31,

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

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

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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 First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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

Three Months Ended March 31, 2026

For the Three Months Ended June 30, 2026

Unrealized gain (loss) on securities available-for-sale $ ( 1,708 ) $ 444 $ ( 1,264 )

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

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

Reclassification adjustment for net realized (gain) loss included in net income (loss) ( 259 ) 66 ( 193 )

( 3 ) — ( 3 )

Total unrealized gain (loss) on securities available-for-sale ( 1,967 ) 510 ( 1,457 )

( 66 ) ( 9 ) ( 75 )

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 1,736 ( 395 ) 1,341

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

Unrealized gain (loss) on derivatives ( 4,784 ) 1,176 ( 3,608 )

( 3,042 ) 748 ( 2,294 )

Reclassification adjustment for (gain) loss on cash flow hedging relationships 421 ( 103 ) 318

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Other comprehensive income (loss) $ ( 4,594 ) $ 1,188 $ ( 3,406 )

Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

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

Reclassification adjustment for net realized (gain) loss included in net income (loss) 1,854 ( 669 ) 1,185

( 4 ) 1 ( 3 )

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

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Unrealized gain (loss) on derivatives ( 142 ) 35 ( 107 )

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

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

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

For the Six Months Ended June 30, 2026

Unrealized gain (loss) on securities available-for-sale $ ( 1,778 ) $ 435 $ ( 1,343 )

Reclassification adjustment for net realized (gain) loss included in net income (loss) ( 255 ) 66 ( 189 )

Total unrealized gain (loss) on securities available-for-sale ( 2,033 ) 501 ( 1,532 )

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 3,289 ( 753 ) 2,536

Unrealized gain (loss) on derivatives ( 7,826 ) 1,924 ( 5,902 )

Reclassification adjustment for (gain) loss on cash flow hedging relationships 766 ( 188 ) 578

Total unrealized gain (loss) on derivatives ( 7,060 ) 1,736 ( 5,324 )

Other comprehensive income (loss) $ ( 5,804 ) $ 1,484 $ ( 4,320 )

For the Six Months Ended June 30, 2025

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

Reclassification adjustment for net realized (gain) loss included in net income (loss) 1,850 ( 670 ) 1,180

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

Amortization of unrealized gain (loss) on securities transferred to held-to-maturity 3,197 ( 738 ) 2,459

Unrealized gain (loss) on derivatives ( 166 ) 41 ( 125 )

Reclassification adjustment for loss on derivatives included in net income — — —

Total unrealized gain (loss) on derivatives ( 166 ) 41 ( 125 )

Other comprehensive income (loss) $ 43,849 $ ( 10,741 ) $ 33,108

Eagle Bancorp, Inc Second Quarter 2026 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.

1 unchanged sentence

Comprehensive Income (Loss)

For the Three Months Ended March 31, 2026

For the Three Months Ended June 30, 2026

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

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Balance at end of period $ ( 61,018 ) $ ( 27,221 ) $ ( 5,240 ) $ ( 93,479 )

For the Three Months Ended March 31, 2025

For the Three Months Ended June 30, 2025

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

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

For the Six Months Ended June 30, 2026

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

Other comprehensive income (loss) before reclassifications ( 1,343 ) — ( 5,902 ) ( 7,245 )

Amortization of unrealized loss on securities transferred to held-to-maturity — 2,536 — 2,536

Amounts reclassified from accumulated other comprehensive income (loss) ( 189 ) — 578 389

Net other comprehensive income (loss) during period ( 1,532 ) 2,536 ( 5,324 ) ( 4,320 )

Balance at end of period $ ( 61,018 ) $ ( 27,221 ) $ ( 5,240 ) $ ( 93,479 )

For the Six Months Ended June 30, 2025

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

Other comprehensive income (loss) before reclassifications 29,594 — ( 125 ) 29,469

Amortization of unrealized loss on securities transferred to held-to-maturity — 2,459 — 2,459

Amounts reclassified from accumulated other comprehensive income (loss) 1,180 — — 1,180

Net other comprehensive income (loss) during period 30,774 2,459 ( 125 ) 33,108

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

Eagle Bancorp, Inc Second 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 March 31,

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

(dollars in thousands) 2026 2025 2026 2025

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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

As of March 31, 2026

As of June 30, 2026

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

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Securities classified as Level 3 include securities in less liquid markets, for which the carrying amounts approximate the fair value.

Credit risk participation agreements :

The Company enters into RPAs with institutional counterparties, under which the Company assumes its pro-rata share of the credit exposure associated with a borrower’s performance related to interest rate derivative contracts.

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

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

Accordingly, RPAs fall within Level 2.

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

Interest rate derivatives:

3 unchanged sentences

Accordingly, the derivative falls within Level 2.

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis

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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 March 31, 2026, substantially all of the Company’s individually evaluated loans were evaluated based upon the fair value of the collateral.

As of June 30, 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.

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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

There were no liabilities measured at fair value on a non-recurring basis as of June 30, 2026 and December 31, 2025.

As of June 30, 2026

(dollars in thousands) Quoted Prices

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$ — $ — $ 144,562 $ 144,562

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

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

As of December 31, 2025

13 unchanged sentences

Loans held for sale — — 90,650 90,650

— — 90,650 90,650

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

3 unchanged sentences

Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-fair value accounting or write-downs of individual assets after they are evaluated for impairment.

The primary assets accounted for at fair value on a nonrecurring basis are related to collateral-dependent loans that are individually assessed and other real estate owned.

The primary assets

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

accounted for at fair value on a nonrecurring basis are related to collateral-dependent loans that are individually assessed and other real estate owned.

For the collateral-dependent loans and other real estate owned, the Company measures the fair value utilizing a market valuation approach, based on an appraisal conducted by an independent, licensed appraiser.

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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 First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

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

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Inputs (Level 3)

As of March 31, 2026

As of June 30, 2026

Cash and due from banks $ 13,394 $ 13,394 $ 13,394 $ — $ —

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Time deposits 2,582,123 2,582,686 — 2,582,686 —

Other short-term borrowings 100,000 100,000 — 100,000 —

Long-term borrowings 76,593 79,397 — 79,397 —

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

Eagle Bancorp, Inc First Quarter 2026 Form 10-Q

Eagle Bancorp, Inc Second Quarter 2026 Form 10-Q

Notes to Consolidated Financial Statements | Note 12 – Segment Reporting

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Under ASC 450, a loss contingency is "reasonably possible" if "the chance of the future event or events occurring is more than remote but less than likely", and a loss contingency is "remote" if "the chance of the future event or events occurring is slight."

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

Attorney’s Office for the Middle District of Pennsylvania into, among other things, the Company’s anti-money laundering controls 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 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

During the second quarter of 2026, the Company and the Bank reached a settlement of the investigation by the U.S.

Attorney’s Office for the Middle District of Pennsylvania into, among other things, the Bank’s anti-money laundering controls and the Bank’s relationship with a former customer who pleaded guilty to a charge of bank fraud in 2020, which was previously disclosed in the Company’s annual report on Form 10-K for the year ended December 31, 2025 and quarterly report on Form 10-Q for the quarter ended March 31, 2026.

Effective June 30, 2026, the Company and the Bank entered into a one-year non-prosecution agreement with the United States Department of Justice, Criminal Division, Money Laundering, Narcotics and Forfeiture Section and the U.S.

Attorney’s Office for the Middle District of Pennsylvania (the “Offices”), pursuant to which the Offices will not bring any criminal or civil case against the Company or the Bank for any conduct described in the statement of facts attached to the agreement, subject to the Company’s and the Bank’s compliance with the terms of the agreement.

Under the terms of the settlement, the Bank paid approximately $ 9.8 million, which was fully accrued in the Company’s audited financial statements for the year ended December 31, 2025.

Note 14 – Subsequent Events

The Company’s management has evaluated subsequent events through the date of this filing and determined that the following qualifies as a nonrecognized subsequent event:

On July 21, 2026, the Company effectively settled its corporate income tax refund claims with the State of Maryland for tax years 2019 through 2020 filed in 2023.

As a result of this new information, the Company expects to recognize a discrete tax benefit of approximately $ 5.3 million in the third quarter of 2026 due to the subsequent recognition of previously unrecognized tax benefits.

Eagle Bancorp, Inc Second 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