EagleBank

Eagle Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Thursday, March 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: 
Wednesday, March 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: 
Monday, February 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

Retrieved on: 
Wednesday, January 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: 
Thursday, January 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: 
Tuesday, December 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.

EagleBank Foundation’s Fight Against Cancer Golf Tournament Raises Over $470,000

Retrieved on: 
Thursday, November 16, 2023
EagleBank, Golf, Breast cancer, Quality of life, Patient, Washington metropolitan area, Organization, Cancer

“Since its inception in 2005, the EagleBank Foundation has raised over $6.0 million for cancer research and outreach programs.

Key Points: 
  • “Since its inception in 2005, the EagleBank Foundation has raised over $6.0 million for cancer research and outreach programs.
  • Our nineteenth annual golf outing has been the most successful to date, raising over $470,000 – we are so very proud of our fundraising efforts,” said Susan G. Riel, President and CEO of EagleBank.
  • Don Rogers, Chairman of the EagleBank Foundation stated, “I am so very proud of the financial success of this year’s tournament, which sold-out in record time as always.
  • A special thanks to all our donors, sponsors (especially our title sponsor EagleBank), and those who joined us at our golf event to support our fundraising tournament – funds raised will provide much needed resources to those local organizations dedicated to win the fight against cancer.

Erik Seppala Joins the SBA Lending Team for BCT-The Community's Bank

Retrieved on: 
Tuesday, December 5, 2023
EagleBank, Bank, State university system, Virginia Tech, BCT, Golf, Business administration, Sandy Spring Bank, SBA, Small Business Administration, OTC, Dog

CHARLES TOWN, W.Va., Dec. 5, 2023 /PRNewswire/ -- (OTC:PTBS) – BCT-The Community's Bank  recently appointed Erik Seppala as Vice President and Relationship Manager for BCT's Small Business Administration (SBA) lending team.

Key Points: 
  • CHARLES TOWN, W.Va., Dec. 5, 2023 /PRNewswire/ -- (OTC:PTBS) – BCT-The Community's Bank  recently appointed Erik Seppala as Vice President and Relationship Manager for BCT's Small Business Administration (SBA) lending team.
  • Mr. Seppala's responsibilities include providing commercial lending services both through SBA programs as well as traditional commercial options.
  • "We are pleased to have Erik join our growing lending team, especially for clients who can benefit from his expertise with SBA loan programs," stated Alice P. Frazier, President and CEO.
  • Immediately preceding BCT, Seppala served as 1st Vice President with EagleBank where he focused on SBA lending.

EagleBank Provides Financing to Kids in Need of Defense (KIND)

Retrieved on: 
Thursday, October 12, 2023
Partnership, United Kingdom, VERA, Organization, Safety, EagleBank, KIND, Private law, C&I, Microsoft, Child, Justice, EGBN, Angelina Jolie, Nursing

KIND is a U.S.-based nongovernmental organization devoted to the protection of unaccompanied and separated children.

Key Points: 
  • KIND is a U.S.-based nongovernmental organization devoted to the protection of unaccompanied and separated children.
  • Founded in 2008 by the Microsoft Corporation and co-founder and patron Angelina Jolie, KIND addresses the gap in legal services for unaccompanied minors by providing legal assistance and social services to these children.
  • Through legal partnerships with organizations like VERA, KIND provides pro bono legal representation for refugee and migrant children across our nation.
  • “Every child deserves the right to safety and protection, regardless of their immigration status,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer C&I.

Eagle Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, September 27, 2023
EagleBank, EGBN, Holding company, Cryptocurrency

BETHESDA, Md., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the third quarter of 2023, in the amount of $0.45 per share.

Key Points: 
  • BETHESDA, Md., Sept. 27, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the third quarter of 2023, in the amount of $0.45 per share.
  • The cash dividend will be payable on October 31, 2023 to shareholders of record on October 20, 2023.