Eagle Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 16, 2020 at 02:47 am IST
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Eagle Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 80.710 million compared to USD 81.712 million a year ago. Net income was USD 35.456 million compared to USD 40.317 million a year ago. Basic earnings per share was USD 1.06 compared to USD 1.17 a year ago. For the full year, net interest income was USD 324.045 million compared to USD 316.993 million a year ago. Net income was USD 142.943 million compared to USD 152.276 million a year ago. Basic earnings per share was USD 4.18 compared to USD 4.44 a year ago. Diluted earnings per share was USD 4.18 compared to USD 4.42 a year ago.
Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank. The Company, through the Bank, conducts a full-service community banking business in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living and/or working primarily in the Bankâs market area. The Bankâs loan portfolio consists of traditional business and real estate secured loans. It operates 13 branch offices: six in Suburban Maryland, four located in the District of Columbia, and three in Northern Virginia. It also has four lending centers and utilizes various digital capabilities, including remote deposit services and mobile banking services.
EAGLE BANCORP, INC. 
