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Eagle Bancorp Inc.

$EGBN
Major Banks
Finance

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

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Recent Analyst Ratings for Eagle Bancorp Inc.

DatePrice TargetRatingAnalyst
10/21/2024$27.00Neutral
Piper Sandler
12/5/2022$50.00Neutral
Piper Sandler
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Eagle Bancorp Inc. Press Releases

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  • SolaREIT Expands Revolving Credit Facility to $60 Million with Atlantic Union Bank and EagleBank

    Third Upsize in Less Than Two Years Demonstrates Strong Market Confidence: Competitive Cost of Land Capital Benefits Solar and Storage Developers Across the Country VIENNA, Va., March 13, 2025 /PRNewswire/ -- SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $60 million through an increased commitment from Atlantic Union Bank (NYSE:AUB) and the syndication to EagleBank (NASDAQ:EGBN). Atlantic Union Bank served as the sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.

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  • Eagle Bancorp, Inc. Announces Fourth Quarter 2024 Results and Cash Dividend

    BETHESDA, Md., Jan. 22, 2025 (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 fourth quarter ended December 31, 2024. Eagle reported net income of $15.3 million or $0.50 per diluted share for the fourth quarter 2024, compared to net income of $21.8 million or $0.72 per diluted share during the third quarter. Pre-provision net revenue ("PPNR")1 in the fourth quarter was $30.3 million compared to $35.2 million for the prior quarter. The $6.5 million decrease in net income from the prior quarter is attributed

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  • Eagle Bancorp, Inc. Announces Final Results of its Exchange Offer for its Outstanding 10.00% Senior Notes Due 2029

    BETHESDA, Md., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN) ("Eagle") announced today that as of 5:00 p.m., New York City time, on January 14, 2025 (the "Expiration Date"), $73.5 million in aggregate principal amount of outstanding 10.00% Senior Notes due 2029 (CUSIPs: 268948 AC0 and 268948 AD8) (the "Original Notes") representing approximately 95% of the $77.7 million total outstanding principal amount of the Original Notes, were validly tendered and not validly withdrawn in connection with the previously announced exchange offer (the "Exchange Offer") made by Eagle to exchange any and all of the Original Notes for a like principal amount of notes of the same series

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  • Eagle Bancorp, Inc. Announces Extension of Registered Exchange Offer for its Outstanding 10.00% Senior Notes due 2029

    BETHESDA, Md., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN) ("Eagle") today announced that (i) the expiration date has been extended until 5:00 p.m. (Eastern Time) on January 14, 2025 (the "Extended Expiration Date") with respect to its previously announced offer to exchange (the "Exchange Offer") its outstanding unregistered 10.00% Senior Notes due 2029 (the "Original Notes") for a like principal amount of notes of the same series that have been registered under the Securities Act of 1933, as amended (the "Exchange Notes") and (ii) the result, as of 5:00 p.m. (Eastern Time) on January 10, 2025 (the "Original Expiration Date"), of such offer to exchange. The Excha

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  • EagleBank Adds New Market Executive and Two Relationship Managers to C&I Lending Team

    BETHESDA, Md., Jan. 09, 2025 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ:EGBN), one of the largest community banks in the Washington, D.C. area, today announced that Bryan Pynchon will join the Bank as a C&I Market Executive for Maryland and Ian Joseph and Andrew Brkic as Relationship Managers (RMs) under Pynchon's leadership, as of January 6, 2025. In their respective roles, the new team members will work to advance EagleBank's goal of expanding its robust, diverse, and stable C&I portfolio. "The talent that we put in front of clients is a point of pride for Eagle and adding Bryan, Ian and Andrew to the team will even further enhance our position as the go-to commercial lender in the Great

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  • Eagle Bancorp Announces Earnings Call on January 23, 2025

    BETHESDA, Md., Jan. 08, 2025 (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 January 23, 2025, at 10:00 a.m. (EST). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the fourth quarter and year end 2024 financial results. Those results will be released after the close of business on January 22, 2025. Interested parties will need to register at the below-noted URL in order to listen

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  • KBW Announces Index Rebalancing for Fourth-Quarter 2024

    NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

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  • Eagle Bancorp, Inc. Announces Registered Exchange Offer for its Outstanding 10.00% Senior Notes due 2029 Issued in Connection with Prior Private Placement

    BETHESDA, Md., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ:EGBN) ("Eagle") today announced the commencement of its offer to exchange (the "Exchange Offer") its outstanding unregistered 10.00% Senior Notes due 2029 (the "Original Notes") for a like principal amount of notes of the same series that have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"). The Exchange Offer will expire at 5:00 p.m., Eastern time, on January 10, 2025, unless extended or earlier terminated by Eagle (such date and time, as the same may be extended or earlier terminated, the "Expiration Date"). In order to be exchanged in the Exchange Offer, an Original Note m

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  • Eagle Bancorp to Participate in the Jefferies Bank Summit

    Bethesda, MD, Dec. 02, 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 in the Jefferies Bank Summit on December 9, 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. About Eagle Bancorp: The Co

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  • EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland

    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

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Eagle Bancorp Inc. Analyst Ratings

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Eagle Bancorp Inc. Insider Purchases

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Eagle Bancorp Inc. Insider Trading

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Eagle Bancorp Inc. SEC Filings

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Eagle Bancorp Inc. Leadership Updates

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  • EagleBank Adds Experienced Commercial Real Estate Expert to the Board of Directors

    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

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  • EagleBank Names New Chief Risk Officer

    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

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  • EagleBank Appoints New Chief Operating Officer

    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 Inc. Financials

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  • Eagle Bancorp, Inc. Announces Fourth Quarter 2024 Results and Cash Dividend

    BETHESDA, Md., Jan. 22, 2025 (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 fourth quarter ended December 31, 2024. Eagle reported net income of $15.3 million or $0.50 per diluted share for the fourth quarter 2024, compared to net income of $21.8 million or $0.72 per diluted share during the third quarter. Pre-provision net revenue ("PPNR")1 in the fourth quarter was $30.3 million compared to $35.2 million for the prior quarter. The $6.5 million decrease in net income from the prior quarter is attributed

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  • Eagle Bancorp Announces Earnings Call on January 23, 2025

    BETHESDA, Md., Jan. 08, 2025 (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 January 23, 2025, at 10:00 a.m. (EST). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the fourth quarter and year end 2024 financial results. Those results will be released after the close of business on January 22, 2025. Interested parties will need to register at the below-noted URL in order to listen

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  • KBW Announces Index Rebalancing for Fourth-Quarter 2024

    NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY

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  • Update: Eagle Bancorp, Inc. Announces Third Quarter 2024 Results

    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.

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  • Eagle Bancorp, Inc. Announces Third Quarter 2024 Results

    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.

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  • Eagle Bancorp, Inc. Positions for Growth Through Capital Actions

    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

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  • Eagle Bancorp, Inc. Announces Second Quarter 2024 Results

    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

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  • Eagle Bancorp, Inc. Announces Cash Dividend

    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

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  • Eagle Bancorp, Inc. Announces Results of Operations for First Quarter 2024

    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

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  • Eagle Bancorp Announces Earnings Call on April 25, 2024

    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

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Eagle Bancorp Inc. Large Ownership Changes

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