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Parent Company Financial Information
 12 Months Ended
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, 2024December 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 subsidiary1,230,907 1,269,022 
Other assets6,570 10,366 
Total Assets$1,304,210 $1,361,417 
Liabilities
Other liabilities$2,041 $17,216 
Borrowings
76,108 69,918 
Total liabilities78,149 87,134 
Shareholders’ Equity
Common stock298 296 
Additional paid in capital384,932 374,888 
Retained earnings982,304 1,061,456 
Accumulated other comprehensive loss(141,473)(162,357)
Total Shareholders’ Equity1,226,061 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)202420232022
Income      
Other interest and dividends$99,236 $126,264 $87,781 
Gain on sale of investment securities1,060 — — 
Other income (loss)66 43 (24)
Total Income100,362 126,307 87,757 
Expenses
Interest expense4,797 4,149 4,149 
Legal and professional495 1,695 894 
Directors compensation474 597 643 
Provision for (reversal of) credit losses
(449)1,124 326 
Other expenses
1,411 879 14,746 
Total Expenses6,728 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)202420232022
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 expense9,561 10,018 9,899 
Securities premium amortization, net1,004 6 (54)
Provision for (reversal of) credit losses for investment securities held-to-maturity
(449)1,124 326 
Depreciation and amortization82 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 activities92,632 118,894 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 plan485 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 Year38,396 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