Welcome to our dedicated page for Eagle Bancorp Md news (Ticker: EGBN), a resource for investors and traders seeking the latest updates and insights on Eagle Bancorp Md stock.
Eagle Bancorp Inc Md (EGBN) is a regional community banking leader providing tailored financial services across Maryland, Northern Virginia, and Washington DC. This dedicated news hub offers investors and stakeholders immediate access to all official corporate communications and market developments.
Key updates include quarterly earnings disclosures, regulatory filings, leadership announcements, and strategic partnership details. Users will find comprehensive coverage of operational milestones, product launches, and community initiatives that shape the bank's market position.
Bookmark this page for timely updates on commercial lending innovations, digital banking enhancements, and financial performance metrics. Our curated news collection serves as your primary resource for understanding EGBN's evolving role in regional economic development and competitive banking solutions.
Eagle Bancorp (NASDAQ: EGBN) reported Q1 2025 financial results with net income of $1.7 million ($0.06 per diluted share), down from $15.3 million ($0.50 per diluted share) in Q4 2024. The decrease was primarily due to a $14.1 million increase in provision expense, $5.1 million decline in net interest income, and $0.9 million increase in noninterest expenses.
Key highlights include:
- Total deposits grew by $146.2 million (1.6%) to $9.3 billion
- C&I portfolio increased by $109 million (4.3%)
- Net interest margin decreased to 2.28%
- Allowance for credit losses rose to 1.63% of total loans
- Declared quarterly cash dividend of $0.165 per share
The company reported concerns about valuation risk in their office portfolio, though nonperforming assets decreased to $202.9 million (1.79% of total assets). Capital position remains strong with common equity tier one capital at 14.6%.
Eagle Bancorp (NASDAQ: EGBN) has announced it will host a teleconference call for the financial community on April 24, 2025, at 10:00 a.m. (EDT). During the call, CEO Susan Riel and CFO Eric Newell will discuss the company's first quarter 2025 financial results, which will be released after market close on April 23, 2025.
The call will be accessible via webcast on EagleBankCorp.com, with a replay available through May 8, 2025. Participants must register to receive a dial-in number and unique PIN for call access. EagleBank, headquartered in Bethesda, Maryland, operates 12 full-service commercial banking offices across Maryland, Washington D.C., and Northern Virginia, focusing on building relationships with businesses, professionals, and individuals in its marketplace.
SolaREIT, a solar and battery storage real estate investment company, has expanded its revolving credit facility to $60 million through increased commitment from Atlantic Union Bank (NYSE: AUB) and syndication to EagleBank (NASDAQ: EGBN). This marks the third upsize in less than two years, with Atlantic Union Bank serving as the sole book runner and administrative agent.
The expanded facility will provide SolaREIT with additional capital to meet growing demand from solar and battery energy storage developers. The company offers innovative financing solutions to help developers and landowners maximize their real estate assets while supporting clean energy deployment. The expansion reflects growing market confidence in SolaREIT's business model and increasing demand for solar and storage land financing solutions.
Eagle Bancorp (NASDAQ: EGBN) reported Q4 2024 net income of $15.3 million ($0.50 per diluted share), down from $21.8 million ($0.72 per share) in Q3. The company announced a cash dividend of $0.165 per share, payable February 21, 2025.
Key highlights include:
- Pre-provision net revenue decreased to $30.3 million from $35.2 million
- Net interest margin declined to 2.29% from 2.37%
- Nonperforming assets increased to $211.5 million (1.90% of total assets)
- Total loans were $7.9 billion, down 0.4% from previous quarter
- Total deposits increased by $590.2 million to $9.1 billion
- Allowance for credit losses increased to 1.44% of total loans
The company fully repaid $1 billion of Bank Term Funding Program debt and maintains strong capital positions with common equity tier one capital at 14.6%.
Eagle Bancorp (NASDAQ: EGBN) has announced the final results of its exchange offer for its 10.00% Senior Notes due 2029. The exchange offer, which expired on January 14, 2025, saw approximately 95% participation, with $73.5 million of the total $77.7 million outstanding principal amount being validly tendered.
The exchange will allow holders to receive new notes registered under the Securities Act of 1933, with substantially identical terms to the Original Notes, except for the removal of transfer restrictions and registration rights. The settlement date is expected to be January 16, 2025.
The exchange included $72.5 million (100%) of Rule 144A notes and $1 million (19.4%) of Accredited Investor notes being tendered. Wilmington Trust, National Association served as the Exchange Agent for the transaction.
Eagle Bancorp (NASDAQ: EGBN) has extended its registered exchange offer for its 10.00% Senior Notes due 2029 until January 14, 2025, at 5:00 p.m. Eastern Time. The exchange offer allows holders to swap unregistered Original Notes for registered Exchange Notes of equal principal amount.
As of January 10, 2025, 100% ($72,500,000) of Rule 144A Original Notes and 19.4% ($1,000,000) of Accredited Investor Original Notes have been validly tendered. The settlement date is expected to be January 16, 2025.
The Exchange Notes will have identical terms to the Original Notes, except for the removal of transfer restrictions and registration rights. The exchange is being conducted under a prospectus filed with the SEC on December 3, 2024, with Wilmington Trust, National Association serving as Exchange Agent.
EagleBank (NASDAQ: EGBN), a leading community bank in Washington, D.C., has strengthened its Commercial & Industrial (C&I) lending team with three key appointments. Bryan Pynchon joins as C&I Market Executive for Maryland, while Ian Joseph and Andrew Brkic join as Relationship Managers, effective January 6, 2025.
All three executives come from Capital One Bank's Mid-Atlantic Commercial Banking team, bringing significant experience in the DMV (DC, Maryland, Virginia) region. Pynchon served 14 years at Capital One, most recently as Section Manager. Joseph worked there for 8 years as Managing Director, while Brkic spent 11 years as Managing Director, Relationship Manager.
The appointments align with EagleBank's strategic focus on expanding its C&I portfolio, leveraging local decision-making and client-centric approach for growth in 2025.
Eagle Bancorp (NASDAQ: EGBN) has announced its upcoming earnings call scheduled for January 23, 2025, at 10:00 a.m. (EST). The teleconference will feature CEO Susan Riel and CFO Eric Newell discussing the company's fourth quarter and year-end 2024 financial results.
The financial results will be released after market close on January 22, 2025. Participants must register to receive a dial-in number and unique PIN for call access. The event will also be available via webcast on EagleBankCorp.com, with a replay accessible through February 6, 2025.
Eagle Bancorp, based in Bethesda, Maryland, is the holding company for EagleBank, one of the largest community banks serving the Washington D.C. area.
Eagle Bancorp (NASDAQ: EGBN) has announced an exchange offer for its outstanding unregistered 10.00% Senior Notes due 2029. The exchange will allow holders to swap their Original Notes for an equal amount of registered Exchange Notes. The Exchange Offer will expire on January 10, 2025, at 5:00 p.m. Eastern time, with settlement expected on January 14, 2025.
The Exchange Notes will have identical terms to the Original Notes, except for the removal of transfer restrictions and registration rights. Wilmington Trust, National Association is serving as the Exchange Agent. The exchange is being conducted through a prospectus filed with the SEC on December 3, 2024.
Eagle Bancorp (NASDAQ: EGBN) has announced its participation in the upcoming Jefferies Bank Summit on December 9, 2024. The Bethesda-based holding company's President and CEO Susan G. Riel, along with CFO Eric R. Newell, will engage in meetings with institutional investors during the summit. The company has made management discussion materials available on their investor relations website for reference.
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