EagleBank

EagleBank Provides Financing to Mamie D. Lee LLC to Support Improvements for Public Charter Schools

Retrieved on: 
четверг, мая 23, 2024
Partnership, C&I, EagleBank, Commercial, NMTC, PCS, School, Student, EGBN, Tier 1

Mamie D. Lee LLC is jointly owned by Briya Public Charter School (PCS) and Bridges Public Charter School (PCS), which financed improvements to the property through the NMTC program.

Key Points: 
  • Mamie D. Lee LLC is jointly owned by Briya Public Charter School (PCS) and Bridges Public Charter School (PCS), which financed improvements to the property through the NMTC program.
  • “We are thrilled to be the chosen partner for Mamie D. Lee and other public charter schools in the region,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer for Commercial and Industrial (C&I).
  • Both have successfully renewed their second 15-year charter by the DC Public Charter School Board.
  • In 2022, Bridges PCS was one of fourteen DC schools named an EmpowerK12 “Bold School.” Briya’s program has garnered the school Tier 1 status from the DC Public Charter School Board every year that the rankings have been awarded.

Broadway Financial Corporation Announces Four Additions to Senior Management Team

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вторник, мая 21, 2024
Banking, Accounting, Professional Services, Finance, Risk, AIDS, Senior, General counsel, Bloomberg, Sigma, Professional, Corporate finance, Barclays, TIAA Bank, Commercial bank, Housing, M&T Bank, Sister, Controller, Eagle Scout, Financial management, Sarbanes, Treasury, Six Sigma, Principal, Prudential, National Association, Security (finance), EagleBank, Treasurer, Business, Baseball, Broadway Federal Bank, PNC Financial Services, Advisory board, Oracle, Certification, D.C, Certified Treasury Professional, City, ING, Regions Financial Corporation, Bank statement, Consumer, Commonwealth, Capital Bank, Bank, Texas Capital Bank, Wells Fargo, Northern Trust, Knowledge, Management

Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the “Bank” and collectively with the Company, “City First Broadway”), today announced the addition of four experienced senior officers to the management team of City First Broadway.

Key Points: 
  • Broadway Financial Corporation (the “Company” or “Broadway”) (NASDAQ Capital Market: BYFC), the holding company of City First Bank, National Association (the “Bank” and collectively with the Company, “City First Broadway”), today announced the addition of four experienced senior officers to the management team of City First Broadway.
  • Elise Adams as Chief Accounting Officer and Senior Vice President; and
    Gary Castellaw as Corporate Treasurer and Senior Vice President.
  • Brian Argrett, President and Chief Executive Officer, said, “I am excited to welcome Zack, Liz, Elise, and Gary to City First Broadway.
  • Mr. Ibrahim’s career spans over 20 years and includes experience at other large financial institutions, including Northern Trust Corporation, Regions Financial Corporation, and M&T Bank Corporation.

Eagle Bancorp to Attend the 26th Annual D.A. Davidson Financial Institutions Conference

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четверг, мая 2, 2024
EGBN, Conference, EagleBank

BETHESDA, Md., May 02, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank, today announced that Eric R. Newell, Executive Vice President and Chief Financial Officer of the Company, will attend the 26th Annual D.A.

Key Points: 
  • BETHESDA, Md., May 02, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc., (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank, today announced that Eric R. Newell, Executive Vice President and Chief Financial Officer of the Company, will attend the 26th Annual D.A.
  • Davidson Financial Institutions Conference on May 8-10, 2024, at the Broadmoor in Colorado.

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

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среда, апреля 24, 2024
Sale, Total, Federal Deposit Insurance Corporation, Risk, Bank, CRE, Annual report, EagleBank, Workplace, ACL, EGBN, FDIC, The Company, Video game

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.

Key Points: 
  • 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.
  • Net loss was $338 thousand for the first quarter 2024, compared to net income of $20.2 million in the prior quarter, with PPNR of $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.
  • The net interest margin ("NIM") remained steady at 2.43% for the first quarter 2024, compared to 2.45% for the prior quarter.
  • Provision for credit losses was $35.2 million for the first quarter 2024, compared to $14.5 million for the prior quarter.

Eagle Bancorp, Inc. Announces Cash Dividend

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четверг, марта 28, 2024
EGBN, EagleBank

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.

Key Points: 
  • 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.

EagleBank Provides $50 Million Loan to EB5 USA Immigration LLC to Promote Foreign Investment in Real Estate

Retrieved on: 
среда, марта 27, 2024
C&I, Commercial, Investment, USCIS, EGBN, Government, EagleBank, Management

This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects.

Key Points: 
  • This loan, which highlights EagleBank’s lending capacity in this specialized space, will supply pre-funding or bridging preferred equity in EB5 real estate projects.
  • “As we have scaled our business over the past decade or more, EagleBank has been a great partner in processing our foreign investor accounts.
  • They raise capital for projects within the guidelines of the EB-5 Immigrant Investor Program (EB-5 Program), a U.S. government effort that encourages investment in job-creating ventures.
  • EB5 USA Immigration LLC operates six USCIS-authorized Regional Centers serving 30 states.

EagleBank Provides $18 Million in Financing to DT Global, LLC to Continue Transformative Work in the USAID Space

Retrieved on: 
понедельник, февраля 26, 2024
USAID, DT, Commercial, Partnership, Subsidiary, Growth, Senior, C&I, EGBN, EagleBank, Management

The facilities refinanced existing debt and increases DT Global’s working capital to support their growth-driven needs.

Key Points: 
  • The facilities refinanced existing debt and increases DT Global’s working capital to support their growth-driven needs.
  • This transaction highlights EagleBank’s significant presence in supporting federal defense and government services contractors, including those operating in the USAID space.
  • “We are thrilled to work with DT Global, LLC amidst their growing USAID portfolio,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer for C&I.
  • ”We look forward to our partnership with EagleBank and its talented staff to support our financing needs as we manage through continued periods of growth,“ said Torge Gerlach, Chief Executive Officer at DT Global.

Eagle Bancorp, Inc. Announces Net Income For Fourth Quarter 2023 Of $20.2 Million Or $0.67 Per Diluted Share

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среда, января 24, 2024
FDIC, AFS, C&I, EagleBank, Face, Bank, Culture, CRE, Respect, Workplace, Sale, EGBN, Investment, Federal Home Loan Banks, NPAS, Development, Nature, The Company, Growth

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).

Key Points: 
  • 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 net interest margin ("NIM") was 2.45% for the fourth quarter 2023, compared to 2.43% for the prior quarter.
  • Net interest income was $73.0 million for the fourth quarter 2023, compared to $70.7 million for the prior quarter.
  • Noninterest income was $2.9 million for the fourth quarter 2023, as compared to $6.3 million for the prior quarter.

Eagle Bancorp Announces Earnings Call On January 25, 2024

Retrieved on: 
четверг, января 4, 2024
EagleBank, EST, Webcast, EGBN, Interest, PIN

BETHESDA, Md., Jan. 04, 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 January 25, 2024 at 10:00 a.m. (EST).

Key Points: 
  • BETHESDA, Md., Jan. 04, 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 January 25, 2024 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 2023 financial results.
  • Those results will be released after the close of business on January 24, 2024.
  • A replay of the call will be available on the Company’s website through February 8, 2024.

Eagle Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
вторник, декабря 19, 2023
EGBN, EagleBank

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.

Key Points: 
  • 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.