8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 8, 2011

Eagle Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Maryland	0-25923	52-2061461
(State or other jurisdiction	(Commission file number)	(IRS Employer
of incorporation)		Number)

7815 Woodmont Avenue, Bethesda, Maryland 20814

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: 301.986.1800

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

[ ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

Beginning on March 8, 2011 representatives of Eagle Bancorp, Inc. will hold meetings with, and make presentations to, investors and/or analysts during which they will present a review of the Company’s financial results, business strategies and trends in the Company’s market. Attached as exhibit 99.1 to this report is a series of slides reflecting financial information about the Company that will be presented in such meetings.

Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.

99.1 Investor Presentation — March 2011

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EAGLE BANCORP, INC.
By:	/s/ Ronald D. Paul
	Ronald D. Paul, President, Chief Executive Officer

Dated: March 8, 2011

EX-99

Ticker: EGBN
www.eaglebankcorp.com

March 2011

1

Forward Looking Statements

This presentation contains forward looking statements within the meaning of the Securities and
Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as
to future trends, plans, events or results of Company operations and policies and regarding general
economic conditions. In some cases, forward-looking statements can be identified by use of words
such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,” “estimates,” “potential,”
“continue,” “should,” and similar words or phrases. These statements are based upon current and
anticipated economic conditions, nationally and in the Company’s market, interest rates and
interest rate policy, competitive factors and other conditions which by their nature, are not
susceptible to accurate forecast and are subject to significant uncertainty. For details on factors
that could affect these expectations, see the risk factors and other cautionary language included in
the Company’s Annual Report on Form 10-K and other periodic and current reports filed with the
SEC. Because of these uncertainties and the assumptions on which this discussion and the
forward-looking statements are based, actual future operations and results in the future may differ
materially from those indicated herein. Readers are cautioned against placing undue reliance on
any such forward-looking statements. The Company’s past results are not necessarily indicative of
future performance. The Company does not undertake to publicly revise or update forward-
looking statements in this presentation to reflect events or circumstances that arise after the date
of this presentation, except as may be required under applicable law.

For further information on the Company please contact:          Michael T. Flynn

                                                                                                       Executive Vice President

                                                                                                       240-497-2040

                                                                                                       mflynn@eaglebankcorp.com

2

Company Overview

      Eagle Bancorp, Inc. is a rapidly growing commercial bank headquartered in

     Bethesda, Maryland

          o    $2.1 billion in assets, focused on Washington, DC Metro Area with 13 branches

          o    Commercially oriented business model with deep relationships on loan and deposit side

                of balance sheet

          o    2nd largest bank headquartered in Maryland by Assets and Market Capitalization

      Positioned as an alternative solution between small community banks and regional /

     money center banks

          o    Growth oriented culture based on sales and service

          o    Provides customers with immediate access to senior management/decision-makers with

                local market knowledge

          o    Largest deposit market share in Washington, DC (proper) of any locally-based bank, and

                5th largest locally-based bank in the Metro Area

          o    Quickly becoming the leading community bank in the Washington, DC Metro Area

Note: Financial data at December 31, 2010. Deposit market share data as of June 30, 2010.

3

History of Growth

        Founding members had extensive banking experience

        Raised $16.5 million in initial subscription offering - 1997*

        Commenced operations with three Maryland branches - July, 1998

        Second subscription offering raised $30 million - 2003*

        Reached $500 million in assets in 2004

        Private placement of $12.1 million of subordinated debt - August 2008 (Current balance $9.3 million)

        Fidelity & Trust Financial Corporation (“F&T”) acquisition completed - August 31, 2008

        $1.4 billion of assets upon completion of acquisition

        Placed $38.2 million of TARP Preferred Stock - December, 2008 (Current balance $23.2 million)

        $55 million common stock offering - September, 2009*

        Reached $2.0 billion in assets - September, 2010

        Eight consecutive quarters of increasing Net Income through December, 2010

*1997, 2003 and 2009 subscription offerings were over subscribed

4

Note: Data at December 31, 2010 unless otherwise noted.(1)This constitutes a non-GAAP financial measure.Please refer to the GAAP reconciliation in the appendices on

Page 43 for a discussion on non-GAAP financial measures and a reconciliation to the most comparable GAAP measures.

5

EagleBank Locations

Tyson's Corner

Montgomery County

Prince George’s
County

Alexandria

Arlington

Fairfax County

Loudoun
County

Washington, DC

Reston

6

Financial Indicators - Regional Peer Analysis

Note: Regional peers includes publicly-traded commercial banks with Assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania
and Delaware who reported at all reporting periods shown above.

Source: SNL Financial

7

Financial Indicators - Local Peer Analysis

Note: Bank level data for local peers in the Washington D.C. metro area:Access National Bank, Alliance Bank Corp., Cardinal Bank, Community Bank of Tri-County, Frederick County Bank,
Sandy Spring Bank and Virginia Commerce Bank.

Source: SNL Financial

8

Consistent Balance Sheet Growth

(1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and

      Delaware who reported total assets at all reporting periods shown above.

Source: SNL Financial

9

Consistent Net Income Growth

(1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and

      Delaware who reported net income or loss for all reporting periods shown above.

Source: SNL Financial

$5,054

10

Pre-Tax, Pre-Provision Income

(1) Regional peers includes publicly-traded commercial banks with assets between $1 and $5 billion and headquartered in Washington, DC, Virginia, West Virginia, Maryland, Pennsylvania and Delaware

      who reported pre-tax pre-provision net revenues for all reporting periods shown above.

Source: SNL Financial

$11,489

11

Washington, D.C. Metro Area:MD- Montgomery and Prince George's; DC - Washington DC; VA - Arlington, Alexandria, Fairfax, Fairfax (City), Falls Church, Loudon, Prince William, Manassas, Manassas Park

Note:Shaded companies in grey denote those companies headquartered outside of Washington, D.C. Metro Area.Data excludes: E*Trade and UNIFI Mutual Holding Company whose deposits are substantially from
outside of the defined market area.

Source:FDIC, as of June 30, 2010

80%

12

Loan Portfolio Composition

Loan Portfolio by Type

Loan Portfolio by Location

Note: At December 31, 2010

Total Gross Loans: $1.7 Billion

13

Geographic Detail of Loan Portfolio

Note: At December 31, 2010

   Concentration in quality markets:Washington, DC, Montgomery County,

    Fairfax County

14

Diversified Commercial Real Estate Portfolio

Construction Loans by Type

Investment CRE by Type

15

   Asset Quality remains at a very strong level

   An adequate Allowance is being maintained

16

       Commercial focus drives growth of Noninterest Bearing Demand accounts

       Taking business from regional/super-regional banks, but demanding relationship pricing

       Still have tremendous opportunity based on current market share in DC Metro Area

Deposit Composition Trends

17

Superior Relationships/Net Interest Margin

Note: Regional peers includes publicly-traded commercial banks with Assets between $1 and $5 billion and headquartered in Washington, DC, Virginia,

          West Virginia, Maryland, Pennsylvania and Delaware who reported net interest margin for all periods shown above.

Source: SNL Financial

F&T closed August 31, 2008

18

Capital Strength

       $12.1 million of Sub-debt raised in August, 2008, $2.9 million repaid in September, 2009

       $38.2 million of TARP Preferred Stock placed in December, 2008, $15 million redeemed in

December, 2009

       $55.2 million raised through common stock offering in September, 2009

19

Market Information -Washington, DC
Metropolitan Statistical Area

       Population                                                                            6.2 Million

               5th largest market in the U.S.

       Employment                                                                         2.9 Million

               Average annual job creation is 39,500

               Highest in net new job growth in the U.S. over last decade

               Washington DC Metro area has highest concentration of fastest

           growing private companies in U.S. (according to Inc. Magazine)

       Gross Regional Product (GRP)                                             $443 Billion

               5th largest regional economy in the U.S.

               5.3% CAGR in GRP over last 20 years

               Federal Government Spending is 34.9% of GRP

Source: Greater Washington Initiative 2010 Regional Report

Largest US Markets, Job Change Dec‘09 - Dec‘10

(000s)

Source: BLS Benchmark, GMU Center for Regional Analysis

20

Washington, DC

57,500

Unemployment Rate- Largest US Markets

January 2011

21

6.0

Source: BLS, NOT Seasonally Adjusted

22

Greater Washington Economy - 2010

Note:  Other includes Health/Education, Media
Source: George Mason University, Center for Regional Analysis

Average Sales Price Percent Change  Washington MSA

All Housing Types

%

Source: MRIS, GMU Center for Regional Analysis

Annual Change                    Annual Change by Month

                            2007              2008                2009              2010

23

Current Inventory = 866 Units

Source: The Mayhood Co, December, 2010

24

25

Looking Ahead

       Focus on organic growth

                        o          Take advantage of dislocation in market

                        o          Hire seasoned lenders

                        o          Increase Northern Virginia footprint

                        o          Focus on relationships to increase deposit penetration

       Profitability

                        o          Continued focus on Net Interest Margin

                        o          Grow noninterest components of revenue

                        o          Diligent expense control to drive Efficiency Ratio

                        o          Lower effective tax rate

                        o          Reduce dividend rate by replacing TARP funds with SBLF (Application submitted)

       Explore potential acquisitions

       Continued emphasis on credit quality

       Improve capital position through participation in SBLF (Application submitted)

26

Why Invest in EGBN?

        Driven by Profitability

        Superior Net Interest Margin

        Emphasis on Core Deposits and Deep Relationship Banking

        Strong Organic Growth

        Geographic Market Positioning

        Experienced and Dedicated Board and Management Team - 17% Insider Ownership

        Exceptional Asset Quality Record

        Conservative Securities Portfolio

        Proven Ability to Execute Acquisitions

EGBN Stock Price Performance

Source: SNL Financial

27

Price Change (%)

-15.00

-10.00

-5.00

0.00

5.00

10.00

15.00

20.00

25.00

30.00

EGBN

S&P 500

NASDAQ Bank

28

Appendices

29

Loan Portfolio Trends

   Continued effort to grow C&I and Owner Occupied loans

30

Loan Portfolio by Risk Rating

   Loan portfolio and risk ratings reviewed by independent, third-party

    credit review quarterly

Geographic Detail of NPA’s

31

Note: At December 31, 2010

32

   Portfolio has $3.4 million of net unrealized gains at December 31, 2010

   No holdings of GSE equities or bank Trust Preferred or bank Trust Preferred CDOs

   Average life of portfolio is 3.9 years

   Excludes Federal Reserve and Federal Home Loan Bank stock

Conservative Securities Portfolio

33

Proven Acquisition Capabilities

     Evaluated many acquisition opportunities in 12 year history and

    only pursued one transaction - F&T

     Acquisition of F&T completed on August 31, 2008

     System conversion successfully completed one week after close

     Targeted expense savings achieved in methodical and thoughtful

    manner, without disrupting relationships with customers

     Contributions from key F&T employees have been meaningful

    to relationship growth

     Adopted best practices of both companies

34

Fidelity & Trust Acquisition

      Strategic Matters:

                Strong cultural match

                Both institutions were growth oriented

                Both institutions were“high touch”

                Both institutions were “well connected” to community

      Financial Matters:

                Stock-for-stock transaction - 1,638,031 shares issued

                Acquisition cost-$13.1 million

                Price to book value 83%

      Business Matters:

                Additional six banking offices in Maryland, Washington, DC and Tysons Corner

                79 additional employees

                Total assets acquired:          $471 million

                Total loans acquired:           $361 million

                Total securities acquired:    $99 million

                Total deposits acquired:      $385 million

Note:F&T balance sheet data at August 31, 2008.

35

36

Experienced Management Team

Experienced Management Team

38

Experienced Management Team

39

Historical Balance Sheet

40

41

42

43