Eagle Bancorp (EGBN) Misses Q1 EPS by 1c

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Eagle Bancorp, Inc. Announces Net Income for First Quarter 2019 of $33.7 Million and Total Assets of $8.39 Billion

April 17, 2019 4:15 PM EDT

BETHESDA, Md., April 17, 2019 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the Company) (NASDAQ: EGBN), the parent company of EagleBank, today announced quarterly net income of $33.7 million for the three months ended March 31, 2019, (basic and diluted earnings per common share of $0.98) as compared to $35.7 million net income (basic and diluted earnings per common share of $1.04) for the three months ended March 31, 2018.

First quarter 2019 earnings include nonrecurring charges related to share based compensation awards and the retirement of our former Chairman and Chief Executive Officer, Mr. Ronald D. Paul as announced in late March.... More