Eagle Bancorp, Inc. (NASDAQ:EGBN) Q1 2023 Earnings Conference Call April 20, 2023 10:00 AM ET

Company Participants

Charles Levingston - Chief Financial Officer

Susan Riel - President & Chief Executive Officer

Jan Williams - Chief Credit Officer

Conference Call Participants

Catherine Mealor - KBW

Casey Whitman - Piper Sandler

Christopher Marinac - Janney Montgomery Scott

Operator

Good day, thank you for standing by. Welcome to the Eagle Bancorp Inc. First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Charles Levingston, Chief Financial Officer. Please go ahead, sir.

Charles Levingston

Thank you, Norma. Good morning. This is Charles Levingston, Chief Financial Officer of Eagle Bancorp.

Before we begin the presentation, I would like to remind everyone that some of the comments made during this call may be considered forward-looking statements. We cannot make any promises about future performance and it is our policy not to establish with the markets any formal guidance with respect to our earnings. None of the forward-looking statements made during this call should be interpreted as are providing formal guidance. Our Form 10-K for the 2022 fiscal year and current reports on Form 8-K identify certain risk factors that could cause the company's actual results to differ materially from those projected in any forward-looking statements made this morning. Eagle Bancorp does not undertake to update any forward-looking statements as a result of new information or future events or developments unless required by law.

This morning's commentary will include non-GAAP financial information. The earnings release which is posted in the Investor Relations section of our website and filed with the SEC, contains reconciliations of this information to the most directly comparable GAAP information. Our periodic reports are available from the company online at our website or on the SEC's website. This morning, Susan Riel, the President and CEO of Eagle Bancorp will start us off with a high-level overview. Then Jan Williams, our Chief Credit Officer, will discuss out her thoughts on the local economy, loans, reserves and credit quality matters. Then I'll return to discuss our financials in more detail. At the end, all 3 of us will be available to take questions.

I would now like to turn it over to our President and CEO, Susan Riel.

Susan Riel

Thank you, Charles and good morning, everyone. While we are disappointed with the first quarter operating results, there are several positive items to point out, capital, asset quality, loan growth and expense control.