Eagle Bancorp, Inc. Announces Cash Dividend

Rhea-AI Summary

Eagle Bancorp, Inc. (NASDAQ: EGBN) has announced a cash dividend of $0.45 per share for Q1 2023, payable on April 28, 2023 to shareholders of record as of April 6, 2023. The Company, headquartered in Bethesda, Maryland, operates through 16 branches across Suburban Maryland, Washington, D.C., and Northern Virginia. EagleBank focuses on building relationships with businesses and individuals in its marketplace. The announcement highlights the Company's commitment to returning value to shareholders amidst a backdrop of economic uncertainties and forward-looking statements regarding future operations.

Positive

• Dividend of $0.45 per share demonstrates shareholder value.
• Dividend payment scheduled for April 28, 2023.

Negative

• Economic uncertainties could impact future operations as noted in forward-looking statements.

BETHESDA, Md., March 16, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the first quarter of 2023, in the amount of $0.45 per share. The cash dividend will be payable on April 28, 2023 to shareholders of record on April 6, 2023.

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 sixteen 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 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, 2022 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 for EGBN in Q1 2023?

Eagle Bancorp, Inc. has declared a cash dividend of $0.45 per share for Q1 2023.

When is the EGBN dividend payable?

The dividend will be payable on April 28, 2023.

What is the record date for EGBN's dividend?

The record date for the dividend is April 6, 2023.

How frequently does EGBN pay dividends?

Eagle Bancorp typically pays dividends on a quarterly basis.

What are the risks associated with EGBN's future operations?

The Company has cautioned that actual future results may differ materially due to economic uncertainties and other factors.