November 6, 2024

Eric R. Newell
Executive Vice President and Chief Financial Officer
Eagle Bancorp, Inc.
7830 Old Georgetown Road
Third Floor
Bethesda, MD 20814

       Re: Eagle Bancorp, Inc.
           Form 10-K for Fiscal Year Ended December 31, 2023
           Form 8-K filed October 23, 2024
           File No. 000-25923
Dear Eric R. Newell:

       We have limited our review of your filing to the financial statements
and related
disclosures and have the following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.

Form 10-K for Fiscal Year Ended December 31, 2023
Deposits and Other Borrowings, page 67

1.     We note your disclosure on page 14 that certain reciprocal deposits of
up to the lesser
       of $5 billion, or 20% of an institution   s deposits, are excluded from
the definition of
       brokered deposits and your disclosure on page 122 in which you present
brokered
       deposits excluding Certificates of Deposit Account Registry Service
("CDARS") and
       the Insured Cash Sweep product ("ICS") two-way accounts. We further note
the
       disclosure on page 27 of your June 30, 2024 Form 10-Q that total
brokered deposits
       were $3.9 billion, or 46.9% of total deposits, of which $1.5 billion
were attributable to
       the CDARS and ICS two-way accounts. Please address the following:

             Please tell us, and revise future filings to explain, why you
decided to include
           CDARS and ICS two-way deposits in total brokered deposits at June
30, 2024 and
           if your definition of a brokered deposit has changed.
 November 6, 2024
Page 2

             Please revise future filings to clearly discuss the reasons for
period over period
           changes in the amount of your deposits by source including, but not
limited to:
           reciprocal deposits associated with CDARS and ICS two-way accounts,
one-way
           CDARS, IntraFi's Insured Network Deposit Program ("IND") related
deposits,
           and other brokered deposits.

Form 8-K filed October 23, 2024
Exhibit 99.2
Non-GAAP Reconciliation (unaudited), page 39

2.     We note your presentation of    Tangible common equity, excl. AOCI
and    Tangible
       book value excluding AOCI   , both of which exclude the impact of
accumulated other
       comprehensive loss, net, represent individually tailored accounting
measures given
       that the adjustment to exclude accumulated other comprehensive loss, net
has the
       effect of changing the recognition and measurement principles required
to be applied
       in accordance with GAAP. Therefore, please remove the presentation of
these non-
       GAAP measures from your future filings. Refer to Question 100.04 of the
Division of
       Corporation Finance   s Compliance & Disclosure Interpretations on
Non-GAAP
       Financial Measures and Rule 100(b) of Regulation G.

3.     We note your presentation of    PPNR to average assets (%)    and
Operating PPNR to
       average assets (%)    on page 42. These measures appear to exclude
normal recurring
       operating expenses given the provision for credit loss is a primary
expense in the
       banking industry. Please tell us how these measures were in accordance
with Question
       100.01 of the Division of Corporation Finance   s Compliance &
Disclosure
       Interpretations on Non-GAAP Financial Measures and Rule 100(b) of
Regulation G,
       or remove these measures from your future filings.


        In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.

      Please contact Shannon Davis at 202-551-6687 or William Schroeder at
202-551-
3294 with any questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Finance