Eagle Bancorp (EGBN) Tops Q2 EPS by 13c
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Eagle Bancorp, Inc. Announces Net Income for Fourth Quarter 2021 of $41.6 Million or $1.30 Per Share and Full Year 2021 Earnings of $176.7 Million or $5.53 Per Share
January 19, 2022 4:15 PM ESTBETHESDA, Md., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the Company) (NASDAQ: EGBN), the parent company of EagleBank (the Bank), today announced net income of $41.6 million for the fourth quarter of 2021, compared to net income of $38.9 million for the fourth quarter of 2020, a 7.0% increase. Net income per basic and diluted common share was $1.30 for the fourth quarter of 2021, compared to $1.21 for the fourth quarter of 2020.
The increase in earnings is largely due to the release of reserves from the allowance for credit losses and higher level of... More
