EGBN

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

Retrieved on: 
Monday, February 26, 2024

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

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

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

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 Provides Financing to Kids in Need of Defense (KIND)

Retrieved on: 
Thursday, October 12, 2023

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

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.

EagleBank Provides More than $10 Million via Bond Issuance in Support of Sela Public Charter School Renovation Projects

Retrieved on: 
Tuesday, August 8, 2023

Sela Public Charter School opened in 2013 in Ward 4, is a one-of-a-kind charter in the District for offering a bilingual curriculum that includes the Hebrew language.

Key Points: 
  • Sela Public Charter School opened in 2013 in Ward 4, is a one-of-a-kind charter in the District for offering a bilingual curriculum that includes the Hebrew language.
  • Since its inception, Sela has earned a Tier 1 ranking by the DC Public Charter School Board, a Blue Ribbon School by the US Department of Education in 2022 and rated “Best Elementary School in DC” by the Washington City Paper.
  • This high-performing charter school program now has a permanent campus and real estate asset to support the existing and future growth of the school and its students.
  • “We are thrilled to have reached the successful conclusion in a nearly twelve-month effort to support Sela Public Charter School,” said Lindsey Rheaume, Executive Vice President and Chief Lending Officer C&I.

Eagle Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Thursday, June 29, 2023

BETHESDA, Md., June 29, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2023, in the amount of $0.45 per share.

Key Points: 
  • BETHESDA, Md., June 29, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2023, in the amount of $0.45 per share.
  • The cash dividend will be payable on July 28, 2023 to shareholders of record on July 20, 2023.

EagleBank Provides $71.5 Million in Financing to Rosenthal Properties for 4-Property Retail Acquisition in Richmond, VA

Retrieved on: 
Thursday, June 15, 2023

This portfolio, making up almost 583,000 square feet of retail space, is located in three submarkets of Richmond: Regency, Staples Mill, and the Midlothian West submarket.

Key Points: 
  • This portfolio, making up almost 583,000 square feet of retail space, is located in three submarkets of Richmond: Regency, Staples Mill, and the Midlothian West submarket.
  • Anchor tenants for these properties include Walmart SuperCenter, The Fresh Market, Aldi and Wegmans.
  • “During these turbulent times in the debt markets, EagleBank delivered on their commitment to fund this acquisition.
  • A collection of grocery anchored assets of this quality is very difficult to replicate, so we are thrilled to have partnered with EagleBank,” said Glenn Rosenthal, President of Rosenthal Properties.

EagleBank Provides $45 Million in Financing to A. J. & C. Garfunkel to Refinance Corridor Marketplace Shopping Center

Retrieved on: 
Tuesday, May 16, 2023

& C. Garfunkel a $45 million dollar loan for its Corridor Marketplace property located in Laurel, Maryland.

Key Points: 
  • & C. Garfunkel a $45 million dollar loan for its Corridor Marketplace property located in Laurel, Maryland.
  • Corridor Marketplace is a 452,102 square foot retail center located at the southwest corner of the intersection of the Baltimore Washington Parkway and Rt.
  • Considered a “power center,” Corridor Marketplace’s primary tenants include Kohls, Hobby Lobby, Total Wine & More, Target, Big Lots and Aldi.
  • “From application to closing, working with EagleBank was a quick and seamless experience,” said Charles Garfunkel, Co-Owner of A. J.