Eagle Bancorp, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Diversity, Equity and Inclusion
- Community Investment
- Environmental, Social, and Governance (ESG)
Social Achievements
- Launched four employee resource groups and a mentorship program.
- Provided over $5 million to local charities and organizations through the EagleBank Foundation.
- Announced financing for seven affordable housing projects and schools, with total aggregate financing of up to $308 million.
Governance Achievements
- Established an ESG Task Force to set ESG strategy.
Climate Goals & Targets
Environmental Challenges
- Higher interest rates
- Inflation
- Potential recession
- Settlement agreements resolving outstanding investigations with two regulators
Mitigation Strategies
- Managed balance sheet to limit adverse impact of rising rates (mostly adjustable-rate loans, less than a quarter of assets in fixed-rate securities)
- Robust equity base providing financial flexibility
- Strong asset quality metrics reflecting conservative underwriting standards
- High efficiency due to branch-light model