Eagle Bancorp, Inc EGBN Income Statement

Eagle bancorp, inc (EGBN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Interest and fees on loans
96,755	98,916	102,297	101,889	97,821	97,682	95,570	90,924	84,430	81,967	78,176	75,896	72,471	72,486	69,869	67,211	64,922	64,277	61,006	59,878	57,179	53,594	45,502	42,316	40,363	39,322	37,457	35,998	36,024	36,439	34,805	32,633	30,723	31,307	29,119	27,279	24,615	22,655	21,878
Interest and dividends on investment securities
5,427	5,297	4,904	5,238	5,598	5,382	4,875	4,058	3,592	3,360	3,194	2,827	2,833	2,508	2,177	2,356	2,588	2,903	2,745	2,305	2,139	2,375	2,255	2,323	2,333	2,203	2,082	1,811	1,696	1,545	1,735	1,850	1,694	1,427	1,469	1,665	1,620	1,697	1,738
Interest on balances with other banks and short-term investments
1,559	2,905	1,762	1,105	1,666	2,464	1,897	1,274	981	1,174	991	610	483	798	376	196	284	128	228	238	138	117	125	116	138	125	182	173	209	177	83	78	137	341	136	17	19	24	26
Interest on federal funds sold
60	65	71	47	49	53	18	40	46	25	9	11	7	3	9	9	13	3	2	2	9	5	4	4	3	2	3	3	4	3	13	14	14	16	17	35	42	45	47
Total interest income
103,801	107,183	109,034	108,279	105,134	105,581	102,360	96,296	89,049	86,526	82,370	79,344	75,794	75,795	72,431	69,772	67,807	67,311	63,981	62,423	59,465	56,091	47,886	44,759	42,837	41,652	39,724	37,985	37,933	38,164	36,636	34,575	32,568	33,091	30,741	28,996	26,296	24,421	23,689
Interest Expense
Interest on deposits
20,546	23,089	24,576	22,461	20,900	20,314	16,719	14,048	9,129	7,820	7,233	6,403	5,830	5,735	4,840	4,530	4,143	3,675	3,739	3,687	3,242	2,713	2,189	2,324	2,412	2,492	2,544	2,638	2,940	2,927	2,722	2,940	3,468	4,127	4,613	4,397	4,111	4,005	4,317
Interest on customer repurchase agreements
87	90	82	75	98	59	54	62	50	61	58	40	38	52	39	39	37	38	33	34	27	36	38	31	38	57	64	64	69	75	68	86	96	152	212	171	150	167	195
Interest on short-term borrowings
357	315	408	1,435	140	517	1,317	997	1,111	307	164	224	53	5	383	344	0	32	0	0	54	-	-	-	-	-	-	-	-	-	2	-	-	-	-	-	-	-	9
Interest on long-term borrowings
3,067	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,979	2,978	2,441	1,037	1,037	990	1,124	1,152	1,411	1,495	1,024	384	380	389	413	419	415	424	536	535	534	541	540	534	529	550	551
Total interest expense
24,057	26,473	28,045	26,950	24,117	23,869	21,069	18,086	13,269	11,167	10,434	9,646	8,900	8,770	7,703	5,950	5,217	4,735	4,896	4,873	4,734	4,275	3,251	2,739	2,830	2,938	3,021	3,121	3,424	3,427	3,328	3,561	4,098	4,820	5,365	5,102	4,790	4,722	5,072
Net interest income
79,744	80,710	80,989	81,329	81,017	81,712	81,291	78,210	75,780	75,359	71,936	69,698	66,894	67,025	64,728	63,822	62,590	62,576	59,085	57,550	54,731	51,816	44,635	42,020	40,007	38,714	36,703	34,864	34,509	34,737	33,308	31,014	28,470	28,271	25,376	23,894	21,506	19,699	18,617
Provision for Credit Losses
14,310	2,945	3,186	3,600	3,360	2,600	2,441	1,650	1,969	4,087	1,921	1,566	1,397	2,112	2,288	3,888	3,043	4,595	3,262	3,471	3,310	3,700	2,111	3,134	1,934	2,508	1,372	2,357	3,365	4,139	3,638	4,443	3,970	2,765	2,887	3,215	2,116	1,962	2,101
Provision for Unfunded Commitments
2,112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest Income After Provision For Credit Losses
63,322	77,765	77,803	77,729	77,657	79,112	78,850	76,560	73,811	71,272	70,015	68,132	65,497	64,913	62,440	59,934	59,547	57,981	55,823	54,079	51,421	48,116	42,524	38,886	38,073	36,206	35,331	32,507	31,144	30,598	29,670	26,571	24,500	25,506	22,489	20,679	19,390	17,737	16,516
Noninterest Income
Service charges on deposits
1,425	1,453	1,494	1,606	1,694	1,826	1,814	1,760	1,614	1,723	1,626	1,543	1,472	1,518	1,431	1,424	1,448	1,407	1,374	1,283	1,333	1,268	1,227	1,219	1,192	1,256	1,115	951	1,285	1,035	988	935	979	1,017	880	672	749	814	756
Gain on sale of loans
944	2,600	2,563	1,923	1,388	1,331	1,434	1,675	1,523	2,535	2,173	2,519	2,048	3,100	3,009	3,992	1,463	2,609	2,483	3,294	3,587	2,200	1,822	1,021	1,843	1,223	2,938	4,768	5,649	4,075	3,144	2,584	4,139	2,185	1,065	1,106	1,701	739	197
Gain on sale of investment securities
822	-111	153	563	912	29	0	26	42	0	11	26	505	71	1	498	624	30	60	0	2,164	12	0	2	8	-4	0	0	23	-75	464	148	153	-	854	591	-	260	573
Loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,130	-	-	-	-	-	-	-	-	-	-529	-	-	-	-	-	-	-	-
Increase in the cash surrender value of bank owned life insurance
414	418	431	429	425	434	373	356	344	603	369	372	367	383	391	390	390	398	395	406	390	364	295	310	314	300	231	95	94	98	100	97	97	100	100	100	101	108	107
Other income
1,865	2,374	1,673	1,839	1,872	2,469	2,019	1,736	1,781	4,634	2,605	2,563	1,678	1,942	1,573	1,271	2,365	2,048	1,787	1,250	1,460	1,466	1,417	1,259	1,106	1,529	952	1,251	1,060	927	684	677	644	562	612	724	382	412	377
Total noninterest income
5,470	6,734	6,314	6,360	6,291	6,089	5,640	5,553	5,304	9,495	6,784	7,023	6,070	7,014	6,405	7,575	6,290	6,492	6,099	6,233	7,804	5,310	4,761	3,811	4,463	4,304	5,236	7,065	8,111	6,060	4,851	4,441	6,012	3,864	3,511	3,193	2,933	2,333	2,010
Noninterest Expense
Salaries and employee benefits
17,797	19,360	19,095	17,743	23,644	15,907	17,157	17,812	16,858	16,678	16,905	16,869	16,677	17,853	17,130	15,908	16,119	15,977	15,383	14,683	15,706	15,703	14,942	13,015	13,608	12,759	12,187	11,335	11,200	12,164	10,807	10,289	10,424	10,183	9,263	7,761	7,311	6,549	5,969
Premises and equipment expenses
3,821	3,380	3,503	3,652	3,852	3,969	3,889	3,873	3,929	4,019	3,846	3,920	3,847	3,699	3,786	3,807	3,826	3,970	3,974	4,072	4,010	3,747	3,374	3,107	3,089	2,974	3,222	2,927	2,800	2,677	2,562	2,469	2,510	2,389	1,939	2,052	1,991	2,021	2,612
Marketing and advertising
1,078	1,200	1,210	1,268	1,148	1,147	1,191	1,291	937	1,222	732	1,247	894	944	857	920	774	566	762	735	685	578	544	415	462	519	426	394	347	419	497	557	286	411	234	747	234	391	281
Data processing
2,496	2,251	2,183	2,603	2,375	2,570	2,423	2,404	2,317	2,163	2,019	1,997	2,041	2,031	1,879	1,823	2,014	1,935	1,976	1,838	1,784	1,571	1,572	1,432	1,588	1,447	1,386	1,531	1,539	1,142	1,066	951	1,256	1,077	876	912	689	697	643
Legal, accounting and professional fees
6,988	4,121	3,625	2,740	1,709	2,460	2,130	2,179	2,973	1,514	1,240	1,297	1,002	828	771	1,011	1,063	814	1,063	870	982	926	740	799	974	743	864	589	773	938	1,073	1,141	1,101	1,104	731	1,003	1,136	655	952
FDIC insurance
1,424	879	85	1,126	1,116	953	933	951	675	491	929	590	544	525	629	755	809	806	794	783	771	653	573	563	544	483	584	614	582	536	485	579	489	567	285	600	743	692	701
Merger expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	26	111	-	885	576	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
3,743	3,535	3,772	4,227	4,460	4,681	3,891	3,779	3,432	3,716	3,845	4,081	4,227	3,901	3,786	4,071	3,497	4,570	3,451	3,591	4,024	2,936	2,513	2,228	2,833	2,599	3,004	3,295	3,456	2,425	2,617	2,551	2,496	2,576	2,395	1,858	2,209	1,924	1,979
Total noninterest expense
37,347	34,726	33,473	33,359	38,304	31,687	31,614	32,289	31,121	29,803	29,516	30,001	29,232	29,781	28,838	28,295	28,102	28,640	27,405	26,598	28,073	29,352	25,143	22,135	23,098	21,524	21,673	20,685	20,697	20,325	19,107	18,537	18,562	18,307	15,723	14,933	14,313	12,929	13,137
Income Before Income Tax Expense
31,445	49,773	50,644	50,730	45,644	53,514	52,876	49,824	47,994	50,964	47,283	45,154	42,335	42,146	40,007	39,214	37,735	35,833	34,517	33,714	31,152	24,074	22,142	20,562	19,438	18,986	18,894	18,887	18,558	16,333	15,414	12,475	11,950	11,063	10,277	8,939	8,010	7,141	5,389
Income Tax Expense
8,322	14,317	14,149	13,487	11,895	13,197	13,928	12,528	12,279	35,395	17,409	17,382	15,318	16,429	15,484	15,069	14,413	13,485	13,054	12,776	11,734	9,347	8,054	7,618	6,939	6,983	7,137	7,212	6,986	6,135	5,739	4,692	4,317	3,889	3,783	3,185	2,874	2,375	1,942
Net Income
23,123	35,456	36,495	37,243	33,749	40,317	38,948	37,296	35,715	15,569	29,874	27,772	27,017	25,717	24,523	24,145	23,322	22,348	21,463	20,938	19,418	14,727	14,088	12,944	12,499	12,003	11,757	11,675	11,572	10,198	9,675	7,783	7,633	7,174	6,494	5,754	5,136	4,766	3,447
Preferred Stock Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	180	179	180	180	151	142	141	141	142	142	141	141	142	142	141	142	166	883	320	327	324
Net Income Available to Common Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,286	21,283	20,759	19,238	14,547	13,937	12,802	12,358	11,862	11,615	11,533	11,431	10,057	9,533	7,641	7,492	7,032	6,328	4,871	4,816	4,439	3,123
Earnings Per Common Share
Basic (in dollars per share)
0.70	1.05	1.07	1.08	0.98	1.17	1.14	1.09	1.04	0.47	0.87	0.81	0.79	0.76	0.73	0.72	0.70	0.66	0.64	0.62	0.62	0.50	0.54	0.49	0.48	0.46	0.45	0.45	0.45	0.38	0.41	0.34	0.37	0.24	0.32	0.25	0.24	0.22	0.16
Diluted (in dollars per share)
0.70	1.05	1.07	1.08	0.98	1.17	1.13	1.08	1.04	0.45	0.87	0.81	0.79	0.75	0.72	0.71	0.68	0.65	0.63	0.61	0.61	0.48	0.52	0.48	0.47	0.44	0.44	0.44	0.44	0.37	0.40	0.33	0.36	0.25	0.31	0.24	0.24	0.22	0.16