Stephens Reiterates Equal Weight Rating on Eagle Bancorp (EGBN)

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Eagle Bancorp, Inc. Announces Record Net Income for Third Quarter 2020 of $41.3 Million

October 21, 2020 4:15 PM EDT

BETHESDA, Md., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the Company) (NASDAQ: EGBN), the parent company of EagleBank (the Bank), today announced quarterly net income of $41.3 million for the three months ended September 30, 2020, a 13.2% increase, as compared to $36.5 million net income for the three months ended September 30, 2019. Net income per basic and diluted common share for the three months ended September 30, 2020 was $1.28 compared to $1.07 for the same period in 2019.

Third Quarter Key Metrics

Record net income of $41.3 million supported by gain on sale of loans of $12.2... More