Eagle Bancorp (EGBN) Tops Q1 EPS by 18c, Revenues Beat
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Eagle Bancorp, Inc. Announces Record Net Income for First Quarter 2021 of $43.5 Million or $1.36 per Share
April 21, 2021 4:30 PM EDTBETHESDA, Md., April 21, 2021 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the Company) (NASDAQ: EGBN), the parent company of EagleBank (the Bank), today announced record net income of $43.5 million for the first quarter of 2021, as compared to $23.1 million net income for the first quarter of 2020, an 88% increase. Net income per basic and diluted common share for the first quarter of 2021 was $1.36 compared to $0.70 for the first quarter of 2020, a 94% increase. The increase in earnings is largely due to the first quarter of 2021 including a reversal of the provision for credit losses and significant gain on... More
