Eagle Bancorp (EGBN) Tops Q3 EPS by 19c

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Eagle Bancorp, Inc. Announces Net Income For Third Quarter 2023 Of $27.4 Million Or $0.91 Per Diluted Share

October 25, 2023 4:15 PM EDT

BETHESDA, Md., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the parent company of EagleBank (the "Bank"), today announced net income of $27.4 million for the third quarter 2023, compared to net income of $28.7 million for the second quarter 2023 (the "prior quarter") and $37.3 million for the third quarter 2022 (the "year-ago quarter"). Net income (basic and diluted) was $0.91 per share for the third quarter 2023, compared to $0.94 per share for the prior quarter, and $1.16 per share for the year-ago quarter.

The $1.3 million decrease in earnings from the prior quarter was... More