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Parent Company Financial Information
 12 Months Ended
Dec. 31, 2023
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, 2023December 31, 2022
Assets    
Cash and due from banks
$38,396 $21,540 
Investment securities held-to-maturity, net allowance for credit losses of $1,449 and $326 at December 31, 2023 and 2022, respectively
43,633 44,673 
Investment in subsidiary
1,269,022 1,240,473 
Other assets10,366 9,065 
Total Assets$1,361,417 $1,315,751 
Liabilities
Other liabilities$17,216 $17,636 
Borrowings
69,918 69,794 
Total liabilities87,134 87,430 
Shareholders’ Equity
Common stock296 310 
Additional paid in capital374,888 412,303 
Retained earnings1,061,456 1,015,215 
Accumulated other comprehensive loss(162,357)(199,507)
Total Shareholders’ Equity1,274,283 1,228,321 
Total Liabilities and Shareholders’ Equity$1,361,417 $1,315,751 
Parent Company Condensed Statements of Income
Years Ended December 31,
(dollars in thousands)202320222021
Income      
Other interest and dividends$126,264 $87,781 $170,741 
Gain on sale of investment securities— — 93 
Other income (loss)43 (24)(46)
Total Income126,307 87,757 170,788 
Expenses
Interest expense4,149 4,149 9,993 
Legal and professional1,695 894 2,617 
Directors compensation597 643 589 
Provision for credit losses1,124 326 — 
Other879 14,746 1,250 
Total Expenses8,444 20,758 14,449 
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries117,863 66,999 156,339 
Income Tax Benefit(1,220)(1,183)(2,903)
Income Before Equity in Undistributed Income of Subsidiaries119,083 68,182 159,242 
Equity in Undistributed Income of Subsidiaries(18,549)72,748 17,449 
Net Income$100,534 $140,930 $176,691 
Parent Company Condensed Statements of Cash Flows
Years Ended December 31,
(dollars in thousands)202320222021
Cash Flows From Operating Activities      
Net Income$100,534 $140,930 $176,691 
Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed income of subsidiary18,549 (72,748)(17,449)
Net tax benefits from stock based compensation expense
10,018 9,899 7,811 
Securities premium amortization, net6 (54)5 
Provision for credit losses for investment securities held-to-maturity1,124 326 — 
Depreciation and amortization124 — — 
(Increase) decrease in other assets
(10,397)(12,909)66,598 
(Decrease) increase in other liabilities
(1,064)4,593 (681)
Net cash provided by operating activities118,894 70,037 232,975 
Cash Flows From Investing Activities
Purchases of available-for-sale investment securities— — (40,000)
Proceeds from maturities of available-for-sale securities— — 13,031 
Purchases of held-to-maturities investment securities— (3,976)— 
Proceeds from maturities of held-to-maturities securities— 1,500 — 
Net cash used in by investing activities— (2,476)(26,969)
Cash Flows From Financing Activities
Repayment of long term debt— — (148,407)
Proceeds from exercise of stock options— 97 — 
Proceeds from employee stock purchase plan586 748 496 
Common stock repurchased(47,631)(33,087)(682)
Cash dividends paid(54,993)(55,776)(44,691)
Net cash used in financing activities(102,038)(88,018)(193,284)
Net Increase (Decrease) in Cash
16,856 (20,457)12,722 
Cash and Cash Equivalents at Beginning of Year21,540 41,997 29,275 
Cash and Cash Equivalents at End of Year$38,396 $21,540 $41,997 
Non-Cash Investing Activities
Transfers of investment securities from available-for-sale to held-to-maturity$— $42,467 $—