Recent News
On November 3, 2025 the company announced a planned leadership transition: Chair, President and CEO Susan G. Riel will retire in 2026 while James A. Soltesz became independent Chair and Louis P. “Pete” Mathews Jr. became Vice Chair immediately.
On December 4, 2025 the EagleBank Foundation reported a record outcome from its annual Fight Against Cancer Golf Classic, raising more than $500,000 to support local hospitals and cancer-related charities.
Technical Analysis
ADX at 36.69 indicates a strong trend currently supporting directional price discovery, which aligns with a bullish directional picture.
Directional indicators show DI+ at 40.19 and increasing while DI- sits at 12.31 after a peak-and-reversal; that combination signals bullish directional pressure and favors the upside bias versus downside pressure.
MACD at 1.33 sits above its signal line at 0.92, with the MACD trend increasing; the crossover above the signal line constitutes a bullish momentum signal that supports continued near-term upside momentum.
MRO at 5.74 with a dip-and-reversal indicates price currently sits above the target and therefore carries potential for a corrective move toward valuation levels; that dynamic tempers the immediate upside and connects directly to valuation context.
RSI at 61.57 and increasing denotes constructive momentum without an overbought exhaustion signal, which supports continuation of recent strength while remaining watchful for a shift above typical overbought thresholds.
Price trades above short-, medium- and long-term averages — 12-day EMA $24.43, 20-day average $23.52, 50-day average $21.01 and 200-day average $19.29 — which reinforces the bullish technical bias and supports the valuation-led narrative that the market has re-rated recent fundamentals higher.
Bollinger positioning shows the close near the 1x upper band ($26.09), implying compressed volatility with room for either a band-riding advance or mean reversion; watch the relationship to the super trend lower level at $25.32 for near-term support.
Volume at 418,200 sits below the 10-day average of 553,149, indicating recent advances lacked above-average participation; that divergence raises the bar for sustained conviction unless volume improves.
Fundamental Analysis
Earnings: Reported EPS came in at $0.25 against an estimate of negative $0.01, producing an EPS surprise of 26.0%. The company reported net income of negative $67,513,000 in earlier periods but registered sequential improvement tied to provision and tax dynamics; the quarter-end results on January 21, 2026 provide the context for the EPS rebound.
Profitability and cash flow: Net interest income totaled $68,159,000 while interest expense reached $81,944,000, producing negative income before tax of $84,420,000 and net income of negative $67,513,000 on the period shown. Return on assets stands at -0.63% and return on equity at -6.01%, reflecting ongoing earnings pressure despite operating cash flow turning positive at $19,847,000 and free cash flow of $15,829,000 (free cash flow yield 2.63%). Free cash flow yield sits very near the industry peer mean of 2.699%, indicating cash-generation metrics roughly in line with peers. Free cash growth shows a sharp YoY decline, signaling volatility in cash conversion.
Balance sheet and leverage: Total assets reached $10,815,502,000 with total equity $1,123,476,000. Debt-to-assets reads 1.041% and debt-to-equity 10.025%, both lower than the industry peer mean debt-to-assets of 5.595%, reflecting a comparatively conservative leverage posture on the balance sheet.
Growth and returns: Revenue growth registers -4.77% YoY and earnings growth -3.48% on the provided metric, with notable QoQ swings in earnings growth driven by provisioning and tax adjustments (earnings growth QoQ shows large negative movement). Asset growth holds at 2.02% and asset turnover at 0.66%, slightly below the industry peer mean asset-turnover of 1.032% when measured on the same basis.
Valuation: Book value per share stands at $36.997 and the price-to-book ratio at 0.53482 falls below the industry peer mean of 1.24617 and the industry peer median of 1.15598 (industry peer range low $0.28407 to high $2.04203), indicating a significant discount to peer book multiples. Forward P/E equals 30.66, below the industry peer mean forward P/E of 50.2459, while trailing P/E shows a negative reading due to recent losses and therefore lacks comparability. Price-to-sales at 8.50 falls below the industry peer mean of 12.81641. WMDST values the stock as under-valued given the combination of depressed market multiples versus book, improving momentum in the latest quarter, and a free cash flow yield roughly in line with peers.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2026-01-21 |
| NEXT REPORT DATE: | 2026-04-22 |
| CASH FLOW | Begin Period Cash Flow | $ 257.3 M |
| Operating Cash Flow | $ 19.8 M | |
| Capital Expenditures | $ -4.02 M | |
| Change In Working Capital | $ -31.43 M | |
| Dividends Paid | $ -5.01 M | |
| Cash Flow Delta | $ 593.4 M | |
| End Period Cash Flow | $ 850.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 70.7 M | |
| Forward Revenue | $ -5.10 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 700.0 K | |
| Depreciation and Amortization | $ 700.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 150.1 M | |
| Interest Expense | $ 81.9 M | |
| Net Interest Income | $ 68.2 M | |
| Income Before Tax | $ -84.42 M | |
| Tax Provision | $ -16.91 M | |
| Tax Rate | 20.0 % | |
| Net Income | $ -67.51 M | |
| Net Income From Continuing Operations | $ -67.51 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.01 | |
| EPS Actual | $ 0.25 | |
| EPS Difference | $ 0.26 | |
| EPS Surprise | 2600.0 % | |
| Forward EPS | $ 0.64 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.8 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.1 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 849.3 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 112.6 M | |
| Total Liabilities | $ 9.7 B | |
| EQUITY | ||
| Total Equity | $ 1.1 B | |
| Retained Earnings | $ 831.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 37.00 | |
| Shares Outstanding | 30.367 M | |
| Revenue Per-Share | $ 2.33 | |
| VALUATION | Market Capitalization | $ 600.9 M |
| Enterprise Value | $ 713.5 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 10.098 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.627 | |
| Asset To Liability | 1.116 | |
| Debt To Capital | 0.091 | |
| Debt To Assets | 0.01 | |
| Debt To Assets QoQ | -32.534 % | |
| Debt To Assets YoY | -51.058 % | |
| Debt To Assets IPRWA | high: 0.165 mean: 0.056 median: 0.053 EGBN: 0.01 low: 0.0 |
|
| Debt To Equity | 0.1 | |
| Debt To Equity QoQ | -27.366 % | |
| Debt To Equity YoY | -48.813 % | |
| Debt To Equity IPRWA | high: 1.525 mean: 0.51 median: 0.455 EGBN: 0.1 low: -0.109 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.535 | |
| Price To Book QoQ | 12.336 % | |
| Price To Book YoY | -0.022 % | |
| Price To Book IPRWA | high: 2.042 mean: 1.246 median: 1.156 EGBN: 0.535 low: 0.284 |
|
| Price To Earnings (P/E) | -8.913 | |
| Price To Earnings QoQ | 3.874 % | |
| Price To Earnings YoY | -129.538 % | |
| Price To Earnings IPRWA | high: 75.793 mean: 43.006 median: 41.79 low: 9.669 EGBN: -8.913 |
|
| PE/G Ratio | 2.563 | |
| Price To Sales (P/S) | 8.504 | |
| Price To Sales QoQ | 11.827 % | |
| Price To Sales YoY | 2.22 % | |
| Price To Sales IPRWA | high: 24.051 mean: 12.816 median: 12.491 EGBN: 8.504 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 30.661 | |
| Forward PE/G | -8.816 | |
| Forward P/S | -119.099 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.007 | |
| Asset Turnover Ratio QoQ | -2.511 % | |
| Asset Turnover Ratio YoY | -5.444 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 mean: 0.01 median: 0.01 EGBN: 0.007 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 84.471 mean: 35.522 median: 34.679 EGBN: 0 low: -17.91 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.057 | |
| CapEx To Depreciation | -5.74 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.2 B | |
| Net Invested Capital | $ 1.2 B | |
| Invested Capital | $ 1.2 B | |
| Net Tangible Assets | $ 1.1 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 47.456 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -13.484 | |
| Dividend Payout Ratio | -0.074 | |
| Dividend Rate | $ 0.16 | |
| Dividend Yield | 0.008 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.02 % | |
| Revenue Growth | -4.766 % | |
| Revenue Growth QoQ | -1154.425 % | |
| Revenue Growth YoY | -273.309 % | |
| Revenue Growth IPRWA | high: 23.369 % mean: 4.957 % median: 4.094 % EGBN: -4.766 % low: -9.66 % |
|
| Earnings Growth | -3.478 % | |
| Earnings Growth QoQ | -99.912 % | |
| Earnings Growth YoY | -146.603 % | |
| Earnings Growth IPRWA | high: 63.889 % median: 8.235 % mean: 7.532 % EGBN: -3.478 % low: -37.5 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 15.8 M | |
| Free Cash Flow Yield | 2.634 % | |
| Free Cash Flow Yield QoQ | -150.634 % | |
| Free Cash Flow Yield YoY | -68.854 % | |
| Free Cash Flow Yield IPRWA | high: 9.814 % mean: 2.699 % median: 2.637 % EGBN: 2.634 % low: -3.401 % |
|
| Free Cash Growth | -153.937 % | |
| Free Cash Growth QoQ | -8.466 % | |
| Free Cash Growth YoY | -57539.179 % | |
| Free Cash Growth IPRWA | high: 435.53 % mean: 17.752 % median: 4.44 % EGBN: -153.937 % low: -394.679 % |
|
| Free Cash To Net Income | -0.234 | |
| Cash Flow Margin | -94.564 % | |
| Cash Flow To Earnings | 0.99 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.10 | |
| Return On Assets (ROA) | -0.63 % | |
| Return On Assets QoQ | -1.099 % | |
| Return On Assets YoY | -426.425 % | |
| Return On Assets IPRWA | high: 0.657 % mean: 0.305 % median: 0.301 % low: 0.027 % EGBN: -0.63 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | -0.06 | |
| Return On Equity QoQ | 2.055 % | |
| Return On Equity YoY | -437.584 % | |
| Return On Equity IPRWA | high: 0.052 median: 0.03 mean: 0.029 low: 0.002 EGBN: -0.06 |
|
| DuPont ROE | -5.851 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |