Nov 3 (Reuters) - Eagle Bancorp ( EGBN ) said on Monday

its President and CEO Susan Riel will step down in 2026,

wrapping up more than six years at the helm as the lender

navigates through credit concerns.

Riel will remain on the board but will let go of her chair

role.

The move comes at a time when the lender has shown signs of

stress in its office portfolio, an overall loss in the recently

reported quarter and a stock that has lost over 35% so far in

2025.

The lender reported a third-quarter loss compared with a

profit last year, as it moved a large chunk to its rainy day

funds to shield against potential loan losses. The bank slashed

its dividend to a penny on the same day.

Eagle has been buffing up its provisions to address stressed

office credits, as per analysts.

"Following an independent review of our loan portfolio and

expanded supplemental internal analysis, we took actions to

reduce valuation risk in the office portfolio," CEO Riel said in

a statement at the time.

The bank had reported a loss in the second quarter as well

due to a jump in provisions for credit losses.

This also coincides with Eagle's chief credit officer Kevin

Geoghegan's decision to retire from his role, effective December

31. This announcement was made public last month.

The company also said on Monday it appointed James Soltesz

as chair and Louis Mathews Jr. as vice chair of the board of

directors, effective immediately.

Shares of the bank were up marginally in trading after the

bell.

Soltesz, a licensed engineer, joined the bank's board in

2007 and has served as the CEO of Soltesz, Inc, which provides

engineering and related services for real estate development

projects in Eagle's markets since 2001.