Eagle Bancorp, Inc. Announces Cash Dividend

Rhea-AI Summary

Eagle Bancorp, Inc. (NASDAQ: EGBN) has declared a cash dividend of $0.22 per share for the third quarter of 2020. The dividend approval is scheduled for payment on October 31, 2020, with the record date for shareholders set for October 15, 2020. The company, headquartered in Bethesda, Maryland, operates twenty branches in Suburban Maryland, Washington, D.C., and Northern Virginia, focusing on relationship building with businesses and individuals. The release highlights the company's operational context amidst uncertainties due to the COVID-19 pandemic.

Positive

• Cash dividend of $0.22 per share for Q3 2020 to enhance shareholder value.
• Payment date set for October 31, 2020, signaling company confidence.

Negative

• Operational uncertainties due to the COVID-19 pandemic may affect future performance.

BETHESDA, Md., Sept. 24, 2020 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the third quarter of 2020, in the amount of $0.22 per share. The cash dividend was approved for payment on October 31, 2020 and will be paid on the first business day following. The shareholder record date is October 15, 2020.

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 twenty 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, 2019, 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
Michael T. Flynn
301.986.1800

 

FAQ

What is the dividend amount for Eagle Bancorp (EGBN) in Q3 2020?

The dividend amount is $0.22 per share.

When will Eagle Bancorp (EGBN) pay its Q3 2020 dividend?

The dividend will be paid on October 31, 2020.

What is the record date for Eagle Bancorp's Q3 2020 dividend?

The record date for the dividend is October 15, 2020.

How does the COVID-19 pandemic impact Eagle Bancorp (EGBN)?

The company acknowledges operational uncertainties due to the COVID-19 pandemic that may affect future performance.