Eagle Bancorp (EGBN) Misses Q4 EPS by 1c

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Eagle Bancorp, Inc. Announces Net Income For Fourth Quarter 2023 Of $20.2 Million Or $0.67 Per Diluted Share

January 24, 2024 4:15 PM EST

BETHESDA, Md., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the parent company of EagleBank (the "Bank"), today announced net income of $20.2 million for the fourth quarter 2023, compared to net income of $27.4 million for the third quarter 2023 (the "prior quarter"). Net income was $0.68 per share (basic) and $0.67 per share (diluted) for the fourth quarter 2023, compared to $0.91 per share for the prior quarter (basic and diluted).

The $7.2 million decrease in earnings from the prior quarter was attributable to a higher provision for credit losses and lower... More