Eagle Bancorp, Inc. operates as the bank holding company for EagleBank that provides commercial and consumer banking services primarily in the United States. The company also offers various commercial and consumer lending products comprising commercial loans for working capital, equipment purchases, real estate lines of credit, and government contract financing; asset based lending and accounts receivable financing; construction and commercial real estate loans; business equipment financing; consumer home equity lines of credit, personal lines of credit, and term loans; consumer installment loans, such as auto and personal loans; personal credit cards; and residential mortgage loans. In addition, it provides online and mobile banking services; and other services, including cash management services, business sweep accounts, lock boxes, remote deposit captures, account reconciliation services, merchant card services, safety deposit boxes, and automated clearing house origination, as well as after-hours depositories and ATM services. Further, the company offers insurance products and services through a referral program. The company serves sole proprietors, small and medium-sized businesses, partnerships, corporations, non-profit organizations and associations, and individuals, as well as investors. As of December 31, 2020, it operated twenty banking offices comprising 6 in Suburban Maryland, 5 in the District of Columbia, and 9 in Northern Virginia. Eagle Bancorp, Inc. was founded in 1997 and is headquartered in Bethesda, Maryland.
IPO Year:
Exchange: NASDAQ
Website: eaglebankcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $27.00 | Neutral | Piper Sandler |
| 12/5/2022 | $50.00 | Neutral | Piper Sandler |
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BETHESDA, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2024. Eagle reported net income of $21.8 million or $0.72 per share for the third quarter 2024, compared to a net loss of $83.8 million during the second quarter in which the Company recorded a $104.2 million impairment in the value of goodwill. Operating net income1 in the second quarter, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per share per diluted share.
BETHESDA, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2024. Eagle reported net income of $21.8 million or $0.72 per share for the third quarter 2024, compared to a net loss of $83.8 million during the second quarter in which the Company recorded a $104.2 million impairment in the value of goodwill. Operating net income1 in the second quarter, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per share per diluted share.
BETHESDA, Md., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced two actions taken to position itself for future growth. As of September 30, 2024, the Company closed on a private placement of a five-year senior debt totaling $77.7 million maturing on September 30, 2029, and recalibrated its cash dividend for the third quarter of 2024 to reflect the company's growth plans. "At EagleBank, our highest priorities are advancing our growth strategy and expanding the diversity of our deposit and loan portfolio." said Susan G. Riel, Eagle Bancorp Pr
BETHESDA, Md., July 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN), ("Eagle", "the Company", "we", "us", "our"), the Bethesda-based parent company of EagleBank (the "Bank"), reported its unaudited results for the second quarter ended June 30, 2024. Eagle recorded a $104.2 million impairment in the value of goodwill and a resulting net loss of $83.8 million or $2.78 per share for the second quarter 2024. The goodwill impairment does not impact our cash, liquidity ratios, core operating performance, or regulatory capital ratios. Operating net income1, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per diluted share. We increased the Tier
BETHESDA, Md., June 28, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2024, in the amount of $0.45 per share. The cash dividend will be payable on July 31, 2024 to shareholders of record on July 20, 2024. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through twelve branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its
BETHESDA, Md., April 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company of EagleBank (the "Bank"), today announced a net loss of $338 thousand for the first quarter 2024, compared to net income of $20.2 million for the fourth quarter 2023 (the "prior quarter"). Net loss was $(0.01) per share (diluted) for the first quarter 2024, compared to net income of $0.67 per share (diluted) for the prior quarter. Pre-provision net revenue ("PPNR")1, a non-GAAP financial measure, was $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter. The $20.6 million decrease from earnings in the prior quarter was attributable to
BETHESDA, Md., April 03, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the "Company") (NASDAQ:EGBN), the parent company of EagleBank, today announced that it will host a teleconference call for the financial community on April 25, 2024, at 10:00 a.m. (EDT). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the first quarter 2024 financial results. Those results will be released after the close of business on April 24, 2024. Interested parties will need to register at the below-noted URL in order to listen and participate in the call. Once a participant registers with a valid email, they will receive a d
BETHESDA, Md., March 28, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company for EagleBank, today announced a cash dividend for the first quarter of 2024, in the amount of $0.45 per share. The cash dividend will be payable on April 30, 2024 to shareholders of record on April 18, 2024. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through thirteen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in
BETHESDA, Md., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company of EagleBank (the "Bank"), today announced net income of $20.2 million for the fourth quarter 2023, compared to net income of $27.4 million for the third quarter 2023 (the "prior quarter"). Net income was $0.68 per share (basic) and $0.67 per share (diluted) for the fourth quarter 2023, compared to $0.91 per share for the prior quarter (basic and diluted). The $7.2 million decrease in earnings from the prior quarter was attributable to a higher provision for credit losses and lower noninterest income. These reductions were partially offset by higher net interest income
BETHESDA, Md., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the parent company for EagleBank, today announced a cash dividend for the fourth quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on January 31, 2024 to shareholders of record on January 11, 2024. About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through thirteen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals
Bethesda, MD, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASENovember 14, 2024 EagleBank ContactVikki KayneChief Marketing Officer301.986.1800 EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland BETHESDA, MD. EagleBank, one of the largest community banks serving the Washington D.C. area, today announced the relocation of its headquarters to 7500 Old Georgetown Road in downtown Bethesda, scheduled for late 2025. The strategic move to a modern, high-quality space, owned by In-Rel Properties, will allow EagleBank to consolidate current offices in Bethesda and Rockville, Maryland, creating a collaborative environment that reflects
BETHESDA, Md., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the "Company") (NASDAQ:EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced that Susan G. Riel, President and Chief Executive Officer and Eric R. Newell, Executive Vice President and Chief Financial Officer will participate the Piper Sandler East Coast Financial Services Conference on November 13-15, 2024, and will hold a series of meetings with institutional investors. Management discussion materials to be used at this conference are posted on the investor section at Eagle Bancorp's Investor Relations website at https://ir.eaglebankcorp
BETHESDA, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the "Company") (NASDAQ:EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced that Susan G. Riel, President and Chief Executive Officer and Eric R. Newell, Executive Vice President and Chief Financial Officer will participate the 2024 Hovde Group Financial Services Conference on November 7-8, 2024, and will hold a series of meetings with institutional investors. Management discussion materials to be used at this conference are posted on the investor section at Eagle Bancorp's Investor Relations website at https://ir.eaglebankcorp.com. Abo
BETHESDA, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2024. Eagle reported net income of $21.8 million or $0.72 per share for the third quarter 2024, compared to a net loss of $83.8 million during the second quarter in which the Company recorded a $104.2 million impairment in the value of goodwill. Operating net income1 in the second quarter, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per share per diluted share.
BETHESDA, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. ("Eagle", the "Company") (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2024. Eagle reported net income of $21.8 million or $0.72 per share for the third quarter 2024, compared to a net loss of $83.8 million during the second quarter in which the Company recorded a $104.2 million impairment in the value of goodwill. Operating net income1 in the second quarter, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per share per diluted share.
BETHESDA, Md., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced that it will host a teleconference call for the financial community on October 24, 2024, at 10:00 a.m. (EDT). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the third quarter 2024 financial results. Those results will be released after the close of business on October 23, 2024. Interested parties will need to register at the below-noted URL in order to listen and participate
BETHESDA, Md., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced two actions taken to position itself for future growth. As of September 30, 2024, the Company closed on a private placement of a five-year senior debt totaling $77.7 million maturing on September 30, 2029, and recalibrated its cash dividend for the third quarter of 2024 to reflect the company's growth plans. "At EagleBank, our highest priorities are advancing our growth strategy and expanding the diversity of our deposit and loan portfolio." said Susan G. Riel, Eagle Bancorp Pr
BETHESDA, Md., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced that Evelyn Lee will join the Bank as Chief Lending Officer for Commercial and Industrial (C&I) Lending. In this position, Ms. Lee will oversee all lending production and portfolio management activities within the C&I Lending Division, a significant strategic growth area for EagleBank. She will begin on September 19th. Ms. Lee joins EagleBank with nearly 25 years of experience in C&I portfolio management across the Washington, DC region, most recently serving as the Executive V
BETHESDA, Md., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN), the Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, today announced Chief Credit Officer Janice "Jan" Williams will be retiring from EagleBank on June 30, 2025. Jan's longstanding dedication and exceptional contributions have significantly driven the bank's strategic growth over the past two decades. "It has been my immense pleasure to work alongside Jan for so many years. We are tremendously grateful for her outstanding work and unwavering commitment to EagleBank, and we wish her all the best in her well-deserved retirement," said Susan Riel, Pr
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced it has hired Hetal Desai as Chief Risk Officer (CRO). Ms. Desai will support EagleBank's continued role as a trusted partner for clients and customers and play a pivotal role in managing risk for the Bank as it enhances its lines of business. Ms. Desai joins EagleBank with global expertise in risk management across top tier multinational financial institutions and also serves as a founding member of Chief's Boston Chapter, a private network built to drive women into positions of power and keep them there. Her expertise in risk identific
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BETHESDA, Md., July 30, 2024 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced the appointment of Pete Mathews as an independent member of its Board of Directors (the "Board") and to the Board of Directors of Eagle Bancorp, Inc., its holding company, effective July 26, 2024. Mathews will serve as a member of the Asset Quality Subcommittee of the Risk Committee of the Board, leveraging his four decades of experience servicing the Commercial Real Estate (CRE) industry. Following his appointment, the Board will consist of 10 directors, eight of whom will be independent. "Pete's experience in CRE asset man
BETHESDA, Md., Jan. 09, 2023 (GLOBE NEWSWIRE) -- EagleBank, one of the largest community banks in the Washington, DC area, today announced the appointment of Jay Namputhiripad as Chief Risk Officer, replacing Jeff Curry after his retirement this month. A 23-year veteran in the risk and compliance field, Namputhiripad will be responsible for overseeing EagleBank's internal and external risk and compliance processes. "We are delighted to welcome Jay to the EagleBank senior management team," said Susan Riel, President and CEO of EagleBank. "His expertise is reflective of EagleBank's community-first commitment, and he will be instrumental in the continued commitment to our risk and complian
BETHESDA, Md., July 13, 2021 (GLOBE NEWSWIRE) -- EagleBank announced today the appointment of Joseph "Joe" Clarke as Executive Vice President and Chief Operating Officer. A seasoned executive with over two decades of banking industry experience, Mr. Clarke has served as Deputy Chief Operating Officer of EagleBank since December 2020. As Chief Operating Officer, Joe will lead and execute EagleBank's strategy in the areas of Banking Operations, Digital Banking, Community Banking, Residential Lending, and Information Technology. Joe will report directly to Chief Executive Officer Susan Riel. "Joe's promotion reflects the significant contributions he has made to our clients and EagleBank," s
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Eagle Bancorp (NASDAQ:EGBN) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.42 by 59.52 percent. The company reported quarterly sales of $71.353 million which missed the analyst consensus estimate of $75.000 million by 4.86 percent. This is a 0.64 percent decrease over sales of $71.811 million the same period last year.
Eagle Bancorp (NASDAQ:EGBN) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.59 by 101.69 percent. This is a 101.28 percent decrease over earnings of $0.78 per share from the same period last year. The company reported quarterly sales of $74.698 million which beat the analyst consensus estimate of $74.010 million by 0.93 percent. This is a 0.43 percent decrease over sales of $75.024 million the same period last year.
A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%. Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less
By the end of today, February 16, 2024, Tompkins Finl (AMEX:TMP) is set to deliver a dividend payout of $0.60 per share, equating to an annualized dividend yield of 4.42%. The company's dividend payout went ex-dividend on February 08, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. Tompkins Finl Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #
Today, February 15, 2024, Lakeland Bancorp (NASDAQ:LBAI) will distribute a dividend payout of $0.14 per share, highlighting an annualized dividend yield of 4.00%. Shareholders who owned the stock before the ex-dividend date on February 02, 2024 will be eligible for this payout. Lakeland Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nt
On February 05, 2024, Old Second Bancorp (NASDAQ:OSBC) will distribute a dividend payout of $0.05 per share, equating to an annualized dividend yield of 1.33%. Shareholders who owned the stock before the ex-dividend date on January 25, 2024 will receive this payout. Old Second Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(ev
Eagle Bancorp (NASDAQ:EGBN) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Eagle Bancorp missed estimated earnings by 1.47%, reporting an EPS of $0.67 versus an estimate of $0.68. Revenue was down $12.61 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.19 which was followed by a 13.35% increase in the share price the next day. Here's a look at Eagle Bancorp's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.72 0.68 1.13 1.16 EPS Actual 0.91 0.94 0.78 1.32 Revenue Estimate 69.24M 72.17M 84.38M 84.20M
Piper Sandler resumed coverage of Eagle Bancorp with a rating of Neutral and set a new price target of $27.00
Piper Sandler resumed coverage of Eagle Bancorp with a rating of Neutral and set a new price target of $50.00
Gabelli resumed coverage of Eagle Bancorp with a rating of Hold
Gabelli & Co downgraded Eagle Bancorp from Buy to Hold
G.Research upgraded Eagle Bancorp from Hold to Buy
Gabelli & Co upgraded Eagle Bancorp from Hold to Buy and set a new price target of $45.00