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Eagle Bancorp Inc - EGBN STOCK NEWS

Welcome to our dedicated news page for Eagle Bancorp (Ticker: EGBN), a resource for investors and traders seeking the latest updates and insights on Eagle Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eagle Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eagle Bancorp's position in the market.

Rhea-AI Summary

Eagle Bancorp, Inc. will be represented by Eric R. Newell, the CFO, at the 26th Annual D.A. Davidson Financial Institutions Conference. The event will take place from May 8-10, 2024, at the Broadmoor in Colorado. Investors can find more information on the company's Investor Relations website.

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Rhea-AI Summary
Eagle Bancorp, Inc. reported a net loss of $338 thousand for the first quarter of 2024, compared to a net income of $20.2 million in the prior quarter. Pre-provision net revenue was $38.3 million, slightly lower than the prior quarter. The decrease in earnings was due to an increase in provision for credit losses, primarily driven by a commercial real estate property valuation update. Despite the loss, the company's President and CEO highlighted the strong fundamentals, growing reserve for credit losses, and strategic objectives progress.
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-10.25%
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Rhea-AI Summary
Eagle Bancorp, Inc. announced a teleconference call to discuss first-quarter 2024 financial results hosted by CEO Susan Riel and CFO Eric Newell. Interested parties can register for the call and access it via webcast on the company's website.
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-0.67%
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Eagle Bancorp, Inc. declares a cash dividend of $0.45 per share for the first quarter of 2024, payable on April 30, 2024. Shareholders of record on April 18, 2024, will receive the dividend.
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-3.19%
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EagleBank (EGBN) provides a $50 million Guidance Line of Credit to EB5 USA Immigration , showcasing its lending capabilities in specialized real estate projects. The loan aims to support pre-funding or bridging preferred equity in EB5 real estate endeavors, emphasizing EagleBank's commitment to the market and economic growth.
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4.8%
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EagleBank (EGBN) closes $18 million credit facilities for DT Global, LLC, and Subsidiaries to support growth-driven needs in the federal defense and government services contractor space, showcasing their significant presence in the market.
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-2.32%
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Rhea-AI Summary
Eagle Bancorp, Inc. reported a net income of $20.2 million for Q4 2023, a decrease from $27.4 million in Q3 2023, attributed to higher provision for credit losses and lower noninterest income. However, there was a higher net interest income due to increased interest income on loans and investments. Susan G. Riel, President and CEO, expressed confidence in the company's ability to grow and improve its deposit portfolio, reduce reliance on wholesale funding, and enhance its earnings profile in 2024.
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End-of-Day
-2.76%
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Rhea-AI Summary
Eagle Bancorp, Inc. (NASDAQ: EGBN) will host a teleconference call on January 25, 2024, to discuss fourth-quarter and year-end 2023 financial results. Interested parties can register to listen and participate in the call, with a replay available through February 8, 2024.
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3.32%
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Eagle Bancorp, Inc. (NASDAQ: EGBN) declares a cash dividend of $0.45 per share for Q4 2023
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4.28%
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EagleBank Foundation Raises Over $470,000 in Annual Fight Against Cancer Golf Classic, Bringing Total Funds Raised to $6.0 Million
The EagleBank Foundation announced that its annual Fight Against Cancer Golf Classic raised over $470,000, bringing the total funds raised for cancer research and outreach programs to $6.0 million. The event supports partnerships with local hospitals and organizations, including Holy Cross Hospital Foundation, Shady Grove Adventist Hospital Foundation, Suburban Hospital, and many others. President and CEO, Susan G. Riel, expressed pride in the success of the tournament and the community's engagement, emphasizing the commitment to sustaining and strengthening the effort in the future.
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-1.24%
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Eagle Bancorp Inc

Nasdaq:EGBN

EGBN Rankings

EGBN Stock Data

597.38M
28.93M
3.21%
78.42%
6.98%
Commercial Banking
Finance and Insurance
Link
United States of America
BETHESDA

About EGBN

eaglebank is a local community business bank with 21 offices in maryland, northern virginia and washington, dc. the bank focuses on providing superior customer service and custom financial solutions for the local business community. eaglebank also offers a complete line of competitive personal banking products and services.