Eagle Bancorp, Inc. Announces Results of Operations for First Quarter 2024
Eagle Bancorp, Inc. (EGBN)
Last eagle bancorp, inc. earnings: 4/22 04:15 pm
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US:NASDAQ Investor Relations:
ir.eaglebankcorp.com
Company Research
Source: GlobeNewswire
BETHESDA, Md., April 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the parent company of EagleBank (the "Bank"), today announced a net loss of $338 thousand for the first quarter 2024, compared to net income of $20.2 million for the fourth quarter 2023 (the "prior quarter"). Net loss was $(0.01) per share (diluted) for the first quarter 2024, compared to net income of $0.67 per share (diluted) for the prior quarter. 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. The $20.6 million decrease from earnings in the prior quarter was attributable to a $20.7 million increase in provision for credit losses, due primarily to an updated valuation for a commercial real estate ("CRE") office property collateralizing a lending relationship that was partially charged-off in the first quarter 2024. The provision for credit losses was $35.2 million fo
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News
- Eagle Bancorp, Inc. (NASDAQ: EGBN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Eagle Bancorp to Attend the 26th Annual D.A. Davidson Financial Institutions Conference [Yahoo! Finance]Yahoo! Finance
- Eagle Bancorp to Attend the 26th Annual D.A. Davidson Financial Institutions ConferenceGlobeNewswire
- Eagle Bancorp, Inc. (NASDAQ:EGBN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Grand Opening of Crescent at Chevy Chase Brings Together Local Officials and Community Members to Celebrate Step Forward in Housing Solutions for Montgomery CountyPR Web
EGBN
Earnings
- 4/24/24 - Miss
EGBN
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- EGBN's page on the SEC website