Eagle Bancorp Inc Md Stock Price, News & Analysis

Eagle Bancorp (NASDAQ: EGBN) has announced its participation in the Piper Sandler East Coast Financial Services Conference scheduled for November 13-15, 2024. President and CEO Susan G. Riel, along with CFO Eric R. Newell, will attend the conference and conduct meetings with institutional investors. The Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, has made management discussion materials available on their investor relations website.

Eagle Bancorp (NASDAQ: EGBN) has announced its participation in the 2024 Hovde Group Financial Services Conference scheduled for November 7-8, 2024. President and CEO Susan G. Riel and CFO Eric R. Newell will represent the company and conduct meetings with institutional investors. The Bethesda-based holding company of EagleBank, one of the largest community banks in the Washington D.C. area, has made management discussion materials for the conference available on their investor relations website.

Eagle Bancorp reported Q3 2024 net income of $21.8 million ($0.72 per share), compared to Q2's net loss of $83.8 million which included a $104.2 million goodwill impairment charge. Key highlights include a pre-provision net revenue of $35.2 million, net interest income increase of $490,000 to $71.8 million, and total deposits growth of $273.5 million to $8.5 billion. The company recalibrated its dividend to $0.165 from $0.45 per share, aiming to retain $32 million in capital annually. Asset quality metrics showed an increase in nonperforming assets to $137.1 million (1.22% of total assets), while maintaining strong capital ratios with Common Equity Tier 1 at 14.54%.

Eagle Bancorp, the holding company for EagleBank, has announced a teleconference call for the financial community on October 24, 2024, at 10:00 a.m. (EDT). The call will discuss earnings for the third quarter 2024, which will be released after market close on October 23, 2024.

CEO Susan Riel and CFO Eric Newell will lead the discussion. Interested parties must register to participate, receiving a dial-in number and unique PIN upon registration. The call will also be available via webcast on the company's website.

A replay of the call will be accessible on the company's website until November 7, 2024. Eagle Bancorp is one of the largest community banks in the Washington D.C. area and is traded on NASDAQ under the symbol EGBN.

Eagle Bancorp, Inc. (NASDAQ: EGBN), the holding company for EagleBank, has announced two strategic actions to position itself for future growth. The company has closed on a private placement of $77.7 million in five-year senior debt maturing on September 30, 2029, and recalibrated its cash dividend for Q3 2024.

CEO Susan G. Riel emphasized the company's focus on advancing its growth strategy and expanding its deposit and loan portfolio diversity. The successful debt issuance, which included $3.9 million invested by Executive Management and the Board of Directors, demonstrates investor confidence in the company's vision.

EagleBank has also announced a cash dividend of $0.165 per share, payable on October 31, 2024, to shareholders of record October 21, 2024. The company will align future dividend announcements with earnings releases, with the next announcement scheduled for late January 2025.

EagleBank, a leading community bank in the Washington D.C. area, has appointed Evelyn Lee as the new Chief Lending Officer for Commercial and Industrial (C&I) Lending. Lee, with nearly 25 years of experience in C&I portfolio management, will oversee all lending production and portfolio management activities in this division, which is a key strategic growth area for EagleBank.

Lee's appointment, effective September 19th, brings valuable expertise in business development and client experience. Her extensive background includes executive roles at Truist Financial Corp and SunTrust Bank. Lee's community involvement and board positions in various organizations are expected to contribute significantly to EagleBank's growth and establishment as a regional leader in C&I lending.

Eagle Bancorp, Inc. (NASDAQ: EGBN), the holding company of EagleBank, has announced significant changes in its leadership team. Janice 'Jan' Williams, the current Chief Credit Officer, will be retiring on June 30, 2025, after 22 years of service. To ensure a smooth transition, Kevin Geoghegan will join EagleBank as the new Chief Credit Officer on September 3, 2024.

Geoghegan brings valuable experience from his previous role as Chief Credit Officer at First Midwest Bank and credit risk leadership positions at PNC Financial Services Group and National City Bank. This transition is part of EagleBank's focus on strategic growth and maintaining its position as a leader in the Washington D.C. area banking market.

EagleBank (NASDAQ: EGBN), a leading community bank in the Washington, D.C. area, has appointed Hetal Desai as its new Chief Risk Officer (CRO). Desai brings extensive experience in risk management from top-tier multinational financial institutions and is a founding member of Chief's Boston Chapter, a network supporting women in leadership roles.

Desai will play a important role in managing risk for EagleBank as it expands its business lines and navigates current market conditions. Her expertise in risk identification and mitigation aligns with the bank's commitment to innovation and adaptation. EagleBank's President and CEO, Susan Riel, expressed confidence that Desai's addition to the team will help maintain the bank's position as the premier trusted banking partner in the region.

EagleBank (NASDAQ: EGBN) has appointed Pete Mathews as an independent member of its Board of Directors, effective July 26, 2024. Mathews, a veteran Washington, DC banking executive and Maryland resident, brings four decades of experience in Commercial Real Estate (CRE) asset management to the role. He will serve on the Asset Quality Subcommittee of the Risk Committee, contributing to the bank's strategic growth initiatives.

Mathews is a retired Senior Vice President at M&T Bank, where he oversaw commercial and CRE credit officers during his 43-year tenure. His appointment expands EagleBank's Board to 10 directors, with eight being independent. The move is expected to strengthen EagleBank's position as a leader in the Washington, DC region's CRE industry.