Eagle Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported net interest income of $67,024,000 compared to $62,576,000 a year ago. Net interest income after provision for credit losses was $64,912,000 compared to $57,981,000 a year ago. Income before income tax expense was $42,146,000 compared to $35,833,000 a year ago. Net income was $25,717,000 compared to $22,348,000 a year ago. Net income available to common shareholders was $25,717,000 compared to $22,286,000 a year ago. Diluted earnings per share were $0.75 compared to $0.65 a year ago. Return on average assets was 1.46% compared to 1.50% a year ago. Return on average common equity was 12.26% compared to 12.08% a year ago.

For the full year, the company reported net interest income of $258,164,000 compared to $233,942,000 a year ago. Net interest income after provision for credit losses was $246,833,000 compared to $219,304,000 a year ago. Income before income tax expense was $159,102,000 compared to $135,216,000 a year ago. Net income was $97,707,000 compared to $84,167,000 a year ago. Net income available to common shareholders was $97,707,000 compared to $83,566,000 a year ago. Diluted earnings per share were $2.86 compared to $2.50 a year ago. Return on average assets was 1.52% compared to 1.49% a year ago. Return on average common equity was 12.27% compared to 12.32% a year ago. Tangible book value per common share was $21.61 compared to $18.83 a year ago.

For the fourth quarter of 2016, the company's net charge-offs were attributable primarily to commercial loans $814,000 offset by a recovery in investment-commercial real estate loans $895,000.