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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent Company Financial Information | Parent Company Financial Information Condensed financial information for Eagle Bancorp, Inc. (the "Parent Company") is as follows:
|  | Parent Company Condensed Balance Sheets as of
(dollars in thousands) |  | December 31, 2024 |  | December 31, 2023
Assets |  |  |  |
Cash and due from banks |  | $ | 23,561 |  |  | $ | 38,396 |
Investment securities held-to-maturity, net allowance for credit losses of $1,000 and $1,449, respectively |  | 43,172 |  |  | 43,633 |
Investment in subsidiary |  | 1,230,907 |  |  | 1,269,022 |
Other assets |  | 6,570 |  |  | 10,366 |
Total Assets |  | $ | 1,304,210 |  |  | $ | 1,361,417 |
Liabilities |  |  |  |
Other liabilities |  | $ | 2,041 |  |  | $ | 17,216 |
Borrowings |  | 76,108 |  |  | 69,918 |
Total liabilities |  | 78,149 |  |  | 87,134 |
Shareholders’ Equity |  |  |  |
Common stock |  | 298 |  |  | 296 |
Additional paid in capital |  | 384,932 |  |  | 374,888 |
Retained earnings |  | 982,304 |  |  | 1,061,456 |
Accumulated other comprehensive loss |  | (141,473) |  |  | (162,357) |
Total Shareholders’ Equity |  | 1,226,061 |  |  | 1,274,283 |
Total Liabilities and Shareholders’ Equity |  | $ | 1,304,210 |  |  | $ | 1,361,417 |
|  | Parent Company Condensed Statements of Operations
|  | Years Ended December 31,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Income |  |  |  |  |  |
Other interest and dividends |  | $ | 99,236 |  |  | $ | 126,264 |  |  | $ | 87,781 |
Gain on sale of investment securities |  | 1,060 |  |  | — |  |  | — |
Other income (loss) |  | 66 |  |  | 43 |  |  | (24) |
Total Income |  | 100,362 |  |  | 126,307 |  |  | 87,757 |
Expenses |  |  |  |  |  |
Interest expense |  | 4,797 |  |  | 4,149 |  |  | 4,149 |
Legal and professional |  | 495 |  |  | 1,695 |  |  | 894 |
Directors compensation |  | 474 |  |  | 597 |  |  | 643 |
Provision for (reversal of) credit losses |  | (449) |  |  | 1,124 |  |  | 326 |
Other expenses |  | 1,411 |  |  | 879 |  |  | 14,746 |
Total Expenses |  | 6,728 |  |  | 8,444 |  |  | 20,758 |
Income Before Income Tax Expense (Benefit) and Equity in Undistributed Income (Loss) of Subsidiaries |  | 93,634 |  |  | 117,863 |  |  | 66,999 |
Income Tax Expense (Benefit) |  | 2,182 |  |  | (1,220) |  |  | (1,183) |
Income Before Equity in Undistributed Income (Loss) of Subsidiaries |  | 91,452 |  |  | 119,083 |  |  | 68,182 |
Equity in Undistributed Income (Loss) of Subsidiaries |  | (138,487) |  |  | (18,549) |  |  | 72,748 |
Net Income (loss) |  | $ | (47,035) |  |  | $ | 100,534 |  |  | $ | 140,930 |
|  | Parent Company Condensed Statements of Cash Flows
|  | Years Ended December 31,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Cash Flows From Operating Activities |  |  |  |  |  |
Net Income (Loss) |  | $ | (47,035) |  |  | $ | 100,534 |  |  | $ | 140,930 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: Equity in undistributed income (loss) of subsidiary |  | 138,487 |  |  | 18,549 |  |  | (72,748) |
Net tax benefits from stock based compensation expense |  | 9,561 |  |  | 10,018 |  |  | 9,899 |
Securities premium amortization, net |  | 1,004 |  |  | 6 |  |  | (54) |
Provision for (reversal of) credit losses for investment securities held-to-maturity |  | (449) |  |  | 1,124 |  |  | 326 |
Depreciation and amortization |  | 82 |  |  | 124 |  |  | — |
(Increase) decrease in other assets |  | (11,935) |  |  | (10,397) |  |  | (12,909) |
Increase (decrease) in other liabilities |  | 2,917 |  |  | (1,064) |  |  | 4,593 |
Net cash provided by operating activities |  | 92,632 |  |  | 118,894 |  |  | 70,037 |
Cash Flows From Investing Activities |  |  |  |  |  |
Investment in subsidiary |  | (70,000) |  |  | — |  |  | — |
Purchases of held-to-maturities investment securities |  | — |  |  | — |  |  | (3,976) |
Proceeds from maturities of held-to-maturities securities |  | — |  |  | — |  |  | 1,500 |
Net cash used in investing activities |  | (70,000) |  |  | — |  |  | (2,476) |
Cash Flows From Financing Activities |  |  |  |  |  |
Net proceeds from borrowings |  | 7,665 |  |  | — |  |  | — |
Proceeds from exercise of stock options |  | — |  |  | — |  |  | 97 |
Proceeds from employee stock purchase plan |  | 485 |  |  | 586 |  |  | 748 |
Common stock repurchased |  | — |  |  | (47,631) |  |  | (33,087) |
Cash dividends paid |  | (45,617) |  |  | (54,993) |  |  | (55,776) |
Net cash used in financing activities |  | (37,467) |  |  | (102,038) |  |  | (88,018) |
Net Increase (Decrease) in Cash |  | (14,835) |  |  | 16,856 |  |  | (20,457) |
Cash and Cash Equivalents at Beginning of Year |  | 38,396 |  |  | 21,540 |  |  | 41,997 |
Cash and Cash Equivalents at End of Year |  | $ | 23,561 |  |  | $ | 38,396 |  |  | $ | 21,540 |
Non-Cash Investing Activities |  |  |  |  |  |
Transfers of investment securities from available-for-sale to held-to-maturity |  | $ | — |  |  | $ | — |  |  | $ | 42,467 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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