Dividend payments have been slashed from $14.2 million in 2023Q4 to just $303,000 in 2026Q1, highlighting a critical pivot toward capital preservation.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Cash from Operations | 182K | 28.5M | 123.77M | 195.63M | 194.9M | 238.44M | 133.14M | 132.68M | 165.46M | 160.92M | 116.82M | 98.59M | 59.51M | 258.68M | 15.82M | -56.14M | -43.26M | 7.94M | -6.93M | 11.62M | 6.74M | 10.04M | 7.6M | 5.54M | 3.79M | 2.65M | 1.75M | -400K | -1.4M |
| Operating CF Growth % | -440.31% | -76.98% | -36.73% | 0.37% | -18.26% | 79.09% | 0.34% | -19.81% | 2.82% | 37.75% | 18.49% | 65.67% | -77% | 1535.13% | 128.18% | -29.77% | -644.73% | 214.56% | -159.66% | 72.29% | -32.83% | 32.07% | 37.29% | 45.98% | 43.02% | 51.39% | 537.94% | 71.43% | - |
| Net Income | -115.01M | -138.05M | -47.03M | 100.53M | 140.93M | 176.69M | 132.22M | 142.94M | 152.28M | 100.23M | 97.71M | 84.17M | 54.26M | 47.01M | 35.29M | 24.56M | 16.66M | 10.42M | 7.43M | 7.7M | 8.03M | 7.54M | 5.09M | 3.21M | 2.67M | 1.75M | 1.06M | -900K | -1.4M |
| Depreciation & Amortization | 2.73M | 2.95M | 3.2M | 3.48M | 3.32M | 5.87M | 4.7M | 6.17M | 6.97M | 6.88M | 6.23M | 7.78M | 9.03M | 4.23M | 3.39M | 2.57M | 2.46M | 2.08M | 1.61M | 1.35M | 1.2M | 1.12M | 984K | 714K | 557K | 420K | 341.06K | 300K | 100K |
| Deferred Taxes | 0 | -58.13M | 2.6M | -3.38M | 6.56M | 5.77M | -8.33M | -61K | -3.5M | 18.97M | -5.63M | -6.73M | -7.54M | -3.96M | -4.85M | -2.08M | -1.83M | -1.31M | -1.64M | -868K | -647K | -1.31M | -151K | -319K | -178K | -391K | 0 | 0 | 0 |
| Other Non-Cash Items | 222.44M | 301.39M | 172.23M | 44.21M | 50.32M | 18.17M | 20.11M | -20.74M | 19.3M | 39.71M | 9.64M | 12.3M | 11.84M | 198M | -25.73M | -83.56M | -68.3M | 6.57M | 2.77M | 806K | 15K | -551K | -1.11M | 2.76M | 633K | 515K | 651.59K | 500K | 200K |
| Working Capital Changes | -107.01M | -86.7M | -16.79M | 40.76M | -16.13M | 24.12M | -20.87M | -3.31M | -16.09M | -10.44M | 1.97M | -4M | -12.06M | 10.1M | 5.22M | 1.29M | 7.17M | -10.4M | -17.42M | 2.63M | -1.84M | 3.24M | 2.8M | -834K | 114K | 354K | -299K | -300K | -300K |
| Cash from Investing | 1.12B | 570.43M | 310.74M | -97.7M | -927.08M | -857.92M | -557.68M | -637.13M | -784.8M | -810.38M | -750.95M | -796.92M | -725.73M | -600.74M | -446.57M | -462.53M | -283.28M | -225.11M | -162.67M | -87.2M | -95.29M | -141.44M | -91.13M | -94.04M | -99.34M | -75.98M | -45.38M | -59.4M | -50.6M |
| Purchase of Investments | 0 | -28.22M | 0 | 0 | -716M | -2.03B | -739.96M | -374.65M | -331.88M | -202.97M | -236.99M | -274.9M | -50.4M | -148.37M | -117.55M | -263.89M | -129.28M | -182.17M | -63.06M | -33.7M | -48.63M | -48.34M | -204.25M | -443.3M | -388.22M | -147.4M | -48.93M | -67.3M | -91.3M |
| Sale/Maturity of Investments | 413.17M | 464.18M | 338.61M | 213.24M | 392.35M | 514.96M | 426.62M | 318.99M | 130.14M | 149M | 178.57M | 165.66M | 87.47M | 58.13M | 124.09M | 179.53M | 135.23M | 107.15M | 85.23M | 39.11M | 26.26M | 43.51M | 222.93M | 433.3M | 354.62M | 142.65M | 57.83M | 52.2M | 63.3M |
| Net Investment Activity | 413.17M | 435.96M | 338.61M | 213.24M | -323.65M | -1.51B | -313.34M | -55.66M | -201.74M | -53.97M | -58.42M | -109.24M | 37.07M | -90.24M | 6.54M | -84.36M | 5.95M | -75.03M | 22.17M | 5.42M | -22.38M | -4.83M | 18.68M | -9.99M | -33.6M | -4.75M | 8.9M | -15.1M | -28M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -156.58M | 0 | 0 | 0 | 0 | 0 | 10.88M | 0 | 0 | 0 | 0 | 0 | -4M | 0 | 0 | 0 | 0 |
| Other Investing | 718.16M | 142.21M | -27.54M | -310.87M | -601.31M | 661.84M | -241.39M | -578.63M | -581.58M | -750.65M | -685.1M | -683.02M | -600.99M | -505.16M | -447.1M | -372.65M | -286.65M | -148.41M | -194.31M | -91.52M | -70.54M | -135.44M | -107.35M | -82.67M | -60.75M | -70.27M | -54M | -43.7M | -20.1M |
| Cash from Financing | -1.22B | -536.72M | -523.71M | 312.9M | -670.19M | 544.65M | 1.97B | 424.55M | 750.74M | 471.76M | 703.93M | 740.67M | 615.28M | 309.69M | 537.67M | 704.62M | 262.8M | 300.03M | 181.3M | 62.25M | 94.76M | 108.03M | 104.56M | 92.03M | 107.63M | 70.88M | 48.73M | 62.3M | 53.3M |
| Dividends Paid | -10.63M | -15.31M | -45.62M | -54.99M | -55.78M | -44.69M | -28.33M | -22.33M | 0 | 0 | 0 | -600K | -614K | -566K | -566K | -1.03M | -1.16M | -1.89M | -1.18M | -2.3M | -2.15M | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.25M | 0 | 0 | -48.03M | -33.09M | -682K | -61.43M | -54.9M | 0 | 0 | 0 | -4K | 0 | -11K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Issued | 384K | -772K | 485K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94.63M | 144.09M | 0 | 42.96M | 0 | 0 | 51.78M | 1.25M | 1.77M | 936K | 0 | 510K | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -1.87M | -772K | 485K | -48.03M | -33.09M | -682K | -61.43M | -54.9M | 0 | 0 | 0 | 94.63M | 144.09M | -11K | 42.96M | 0 | 0 | 51.78M | 1.25M | 1.77M | 936K | 0 | 510K | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -3M | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 0 | -1000K | 0 | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 765K | 300K | -100K |
| Other Financing | -166.3M | -30.63M | 325.61M | 95.44M | -1.27B | 790.02M | 1.96B | 251.79M | 1.08B | 146.76M | 556.35M | 867.84M | 369M | 310.26M | 505.28M | 672.29M | 273.96M | 322.98M | 82.03M | 2.44M | 60.05M | 107.07M | 126.77M | 57.08M | 94.35M | 62.2M | 47.96M | 62M | 36.9M |
| Net Change in Cash | -97.3M | 62.21M | -89.2M | 410.83M | -1.4B | -74.83M | 1.55B | -79.89M | 131.39M | -177.69M | 69.8M | 42.34M | -50.94M | -32.37M | 106.92M | 185.95M | -63.74M | 82.86M | 11.7M | -13.32M | 6.21M | -23.37M | 21.03M | 3.52M | 12.09M | -2.45M | 5.1M | 2.5M | 1.3M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 695.69M | 633.48M | 722.68M | 311.85M | 1.71B | 1.79B | 241.97M | 321.86M | 190.47M | 368.16M | 298.36M | 256.02M | 306.96M | 339.33M | 232.41M | 46.46M | 110.2M | 27.35M | 15.65M | 28.98M | 22.77M | 46.13M | 25.1M | 21.58M | 6.48M | 8.93M | 3.83M | 1.3M | 0 |
| Cash at End | 579.36M | 695.69M | 633.48M | 722.68M | 311.85M | 1.71B | 1.79B | 241.97M | 321.86M | 190.47M | 368.16M | 298.36M | 256.02M | 306.96M | 339.33M | 232.41M | 46.46M | 110.2M | 27.35M | 15.65M | 28.98M | 22.77M | 46.13M | 25.1M | 18.57M | 6.48M | 8.93M | 3.8M | 1.3M |
| Interest Paid | 325.85M | 342.47M | 438.22M | 376.84M | 90.59M | 30.99M | 70.18M | 105.98M | 73.81M | 39.77M | 24.03M | 19.59M | 11.74M | 12.91M | 14.94M | 20.05M | 20.09M | 25.9M | 22.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 1.46M | 8.21M | 21.54M | 23.45M | 54.36M | 37.4M | 54.65M | 55.2M | 69.2M | 66.15M | 52.65M | 33.05M | 23.95M | 18.15M | 16.1M | 8.85M | 7.58M | 6.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -8M | 20.76M | 123.44M | 195.56M | 192.79M | 233.15M | 130.19M | 129.84M | 163.97M | 155.17M | 109.39M | 93.93M | 54.28M | 253.34M | 9.81M | -61.66M | -45.84M | 6.27M | -8.35M | 10.53M | 4.37M | 8.87M | 5.15M | 4.17M | 2.81M | 1.68M | 1.47M | -1M | -3.9M |
| FCF Growth % | -104.89% | -83.18% | -36.88% | 1.44% | -17.31% | 79.08% | 0.27% | -20.81% | 5.68% | 41.84% | 16.46% | 73.03% | -78.57% | 2481.69% | 115.91% | -34.52% | -831.04% | 175.05% | -179.37% | 140.96% | -50.76% | 72.2% | 23.67% | 48.38% | 66.69% | 14.43% | 247.16% | 74.36% | - |
CRE asset quality deterioration
According to the provided financial data, Eagle Bancorp has consistently liquidated investment securities, with proceeds reaching $124.8 million in 2025Q4, suggesting a strategic effort to bolster liquidity or offset the impact of significant credit-related losses incurred during the recent fiscal periods.
The consistent reliance on securities sales to generate cash flow indicates that the bank's core operating activities are currently insufficient to fund its liquidity needs. Investors should monitor whether this liquidation trend is a temporary measure to manage short-term volatility or a structural reduction in the bank's secondary liquidity buffer.
As reported in the quarterly financial statements, the bank's provision for credit losses reached a peak of $139.9 million in 2025Q2, a figure that dwarfs historical norms and highlights the severe credit stress currently impacting the institution's cash flow generation capacity.
The extreme variance in provisioning suggests that management is grappling with significant uncertainty regarding the valuation of its loan book. This volatility makes it difficult to ascertain the true cash-generating potential of the bank, as large non-cash charges continue to mask the underlying operational performance.
Based on the reported figures, Eagle Bancorp has significantly reduced its dividend payments from $14.2 million in 2023Q4 to just $303,000 by 2026Q1, reflecting a necessary pivot toward capital preservation in the face of persistent net losses and asset quality concerns.
The drastic reduction in capital returns suggests that management is prioritizing the maintenance of regulatory capital ratios over shareholder distributions. This shift appears prudent given the negative net margins, yet it underscores the severity of the financial headwinds currently facing the organization.
Data from the cash flow statements reveals that operating cash flow has been highly erratic, swinging from $55.6 million in 2024Q3 to a negative $28.6 million in 2025Q2, which warrants further investigation into the bank's reliance on non-recurring items to maintain its cash position.
The bank's cash flow statement fails to capture the full extent of off-balance sheet commitments, such as undrawn credit lines, which could become a significant liability if the local D.C. commercial real estate market continues to deteriorate. The reliance on asset sales to bridge cash gaps may be unsustainable if the portfolio of high-quality, liquid securities is exhausted.
Quick answers to the most common questions about buying EGBN stock.
Eagle Bancorp, Inc. (EGBN) generated $28.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Eagle Bancorp, Inc. (EGBN) generated $20.8M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Eagle Bancorp, Inc. (EGBN) spent $7.7M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Eagle Bancorp, Inc. (EGBN) returned $15.3M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.