Eagle Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total interest income of $105,581,000 compared to $86,526,000 a year ago. Net interest income was $81,712,000 compared to $75,359,000 a year ago. Net interest income after provision for credit losses was $79,112,000 compared to $71,272,000 a year ago. Income before income tax expense was $53,514,000 compared to $50,965,000 a year ago. Net income was $40,317,000 compared to $15,569,000 a year ago. Earnings per weighted average common share, basic was $1.17 compared to $0.46 a year ago.

For the year, the company reported total interest income of $393,286,000 compared to $324,034,000 a year ago. Net interest income was $316,993,000 compared to $283,887,000 a year ago. Net interest income after provision for credit losses was $308,333,000 compared to $274,916,000 a year ago. Income before income tax expense was $204,208,000 compared to $185,736,000 a year ago. Net income was $152,276,000 compared to $100,232,000 a year ago. Earnings per weighted average common share, basic was $4.44 compared to $2.94 a year ago.

Net charge-offs of $844,000 in the fourth quarter of 2018 represented an annualized 0.05% of average loans, excluding loans held for sale, as compared to net charge-offs of $2.3 million, or an annualized 0.15% of average loans, excluding loans held for sale, in the fourth quarter of 2017.