Eagle Bancorp, Inc. Announces Cash Dividend

Rhea-AI Summary

Eagle Bancorp, Inc. (NASDAQ: EGBN) has declared a cash dividend of $0.45 per share for the second quarter of 2022, reflecting a $0.05 increase from the previous quarter. The dividend will be payable on July 29, 2022, to shareholders of record as of July 11, 2022. This announcement underscores the company's commitment to enhancing shareholder value amid ongoing economic uncertainties.

Positive

• Dividend increase from $0.40 to $0.45 per share, indicating strong company performance.
• Demonstrates confidence in financial stability and ability to return value to shareholders.

Negative

• None.

BETHESDA, Md., June 16, 2022 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the second quarter of 2022, in the amount of $0.45 per share, a $0.05 per share increase from the prior quarter’s dividend. The cash dividend will be payable on July 29, 2022 to shareholders of record on July 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 cash dividend amount for Eagle Bancorp in Q2 2022?

Eagle Bancorp has announced a cash dividend of $0.45 per share for Q2 2022.

When will the Eagle Bancorp dividend be paid?

The dividend will be payable on July 29, 2022.

What are the shareholder record dates for the Eagle Bancorp dividend?

Shareholders of record on July 11, 2022, will receive the dividend.

How does the recent dividend compare to previous payouts by Eagle Bancorp?

The recent dividend of $0.45 per share reflects a $0.05 increase from the prior quarter's dividend.

What factors could impact Eagle Bancorp's future dividend payments?

Future dividend payments may be influenced by economic conditions, including the impacts of the coronavirus pandemic.