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Eagle Bancorp, Inc. Announces Cash Dividend

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Eagle Bancorp, Inc. (NASDAQ: EGBN) announced a cash dividend of $0.40 per share for Q1 2022, payable on April 29, 2022 to shareholders of record as of April 11, 2022. The Company, headquartered in Bethesda, Maryland, has been operating since 1998 and focuses on fostering relationships with businesses and individuals across its market. The release also contains forward-looking statements related to risks and uncertainties affecting future operations, urging caution against placing undue reliance on these projections.

Positive
  • Announced a cash dividend of $0.40 per share, enhancing shareholder income.
  • Confidence in ongoing operations as reflected by the dividend distribution.
Negative
  • Forward-looking statements highlight risks and uncertainties due to the pandemic and market volatility.

BETHESDA, Md., March 21, 2022 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the first quarter of 2022, in the amount of $0.40 per share. The cash dividend will be payable on April 29, 2022 to shareholders of record on April 11, 2022.

About Eagle Bancorp: The Company is the holding company for EagleBank, which commenced operations in 1998. The Bank is headquartered in Bethesda, Maryland, and operates through seventeen branch offices, located in Suburban Maryland, Washington, D.C. and Northern Virginia. The Company focuses on building relationships with businesses, professionals and individuals in its marketplace.

Caution About Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. These forward-looking statements are based on current expectations that involve risks, uncertainties and assumptions, including the impacts of the novel coronavirus pandemic and the volatility and uncertainty in global markets and economies. Because of these uncertainties and the assumptions on which the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the SEC. Except as required by law, the Company does not undertake to update forward-looking statements contained in this release.

EagleBank Contact
Dave Danielson
240.552.9534


FAQ

What is the dividend amount announced by EGBN?

Eagle Bancorp announced a cash dividend of $0.40 per share.

When is the EGBN dividend payable?

The dividend is payable on April 29, 2022.

What are the record dates for the EGBN dividend?

Shareholders of record will be on April 11, 2022.

What risks were mentioned in the EGBN press release?

The press release mentions risks related to the pandemic and market volatility affecting future operations.

Eagle Bancorp Inc

NASDAQ:EGBN

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Banks - Regional
State Commercial Banks
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United States of America
BETHESDA