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Insider Buys And Sells: Weekly Wrap-up

Mon, 21 Sep 2009 13:38:00 GMT

For all the analysts and pundits in the financial media, there is still no better judge of a company's health and future prospects than the owners and executives of those companies themselves, along with major institutional shareholders.[More...]

Eagle Bancorp Prices Common Stock Offering

Wed, 16 Sep 2009 10:46:00 GMT

Eagle Bancorp, the parent company of EagleBank, has priced a public offering of 5.85 million shares of common stock at $8.20 per share for gross proceeds of approximately $48 million.
The company expects to close the sale of the shares of common stock on or about September 21, 2009, subject to customary closing conditions.
Sandler O'Neill + Partners is the sole underwriter for the offering.

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Eagle Bancorp Plans to Commence Public Offering of $40 Million Common Stock

Thu, 10 Sep 2009 12:48:00 GMT

Eagle Bancorp, the parent company of EagleBank, plans to commence a public offering of approximately $40 million of its common stock.
The company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other uses, support for organic growth and potential acquisitions, and repayment of debt.
Sandler O'Neill + Partners will serve as sole underwriter for the offering.

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Some US bank bailout holdings down $8 billion

Fri, 05 Dec 2008 22:47:00 GMT

The government mounted a vigorous defense Friday of its massive bank bailout, responding to an Associated Press analysis showing that stock in the program intended to eventually earn taxpayers a profit has lost almost one-third of its value - nearly $8 billion - in barely one month.
"We're not day traders, and we're not looking for a return tomorrow," said Neel Kashkari, the director of Treasury's Office of Financial Stability, which oversees the $700 billion financial rescue fund.
Likewise, President Bush said there's no quick fix for the battered economy.

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Eagle Bancorp Announces Quarterly Earnings and Declares Quarterly Cash Dividend

Thu, 22 Oct 2009 16:48:00 GMT

HELENA, Mont., Oct. 22, 2009 (GLOBE NEWSWIRE) -- Eagle Bancorp ("Eagle") (OTCBB:EBMT), the stock holding company of American Federal Savings Bank (the "Bank"), reported a first quarter net income of $844,000, or $.79 per share ($.69 per share diluted), for the three months ended September 30, 2009, and declared a cash dividend of $0.26 per share.
Earnings for the quarter increased $944,000 from the $100,000 loss for the quarter ended September 30, 2008.
The Company continued to achieve favorable results with respect to loan quality in its markets, but noted that mortgage loan refinance activity has recently declined.

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Eagle Bancorp Announces Successful Completion of Offering and Exercise of Over-Allotment Option

Mon, 21 Sep 2009 19:47:00 GMT

BETHESDA, Md., Sept. 21, 2009 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent company of EagleBank, announced today that it had closed the sale by the Company of 6,731,640 shares of its common stock at $8.20 per share, including 878,040 shares subject to the underwriter's over-allotment option.
The shares were sold in a firm commitment offering underwritten by Sandler O'Neill + Partners, L.P. The Company received net proceeds from the offering of approximately $51.8 million, after underwriting discounts and commissions and estimated expenses.
The Company expects to use the net proceeds from this offering for general corporate purposes, which may include, among other uses, support for organic growth and potential acquisitions, and repayment of debt.

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EagleBank Foundation and The GW Cancer Institute to Host First Annual Cancer Survivorship Symposium

Wed, 19 Aug 2009 08:55:00 GMT

The EagleBank Foundation and The GW Cancer Institute's Center for the Advancement of Cancer Survivorship, Navigation and Policy have partnered to create and support an Annual Symposium on the state of research and clinical care in cancer survivorship. The symposium, which will take place on Thursday, October 15th at The George Washington University's Marvin Center, will examine the needs of more than 12 million cancer survivors in the U.S. who face the challenge of re-entering the world after cancer diagnosis and treatment.[More...]

Eagle Bancorp, Inc. Announces 11% Increase in Earnings for the Second Quarter of 2009 and Lower Levels of Nonperforming Assets

Thu, 23 Jul 2009 09:46:00 GMT

BETHESDA, Md., July 23, 2009 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent company of EagleBank, today announced net income of $2.7 million for the quarter ended June 30, 2009.
Net income available to common shareholders was $2.1 million ($0.16 per basic and diluted common share) for the three months ended June 30, 2009, compared to $1.9 million ($0.17 per basic and diluted common share) for the three months ended June 30, 2008, an increase of 11%.
For the six months ended June 30, 2009, the Company's net income was $4.7 million.

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Ronald D. Paul, EagleBank's Chairman & Chief Executive Officer, Named Ernst & Young Entrepreneur Of The Year(r) 2009 Award Winner in Greater Washington

Mon, 22 Jun 2009 12:59:00 GMT

EagleBank today announced that Ronald D. Paul, Chairman & Chief Executive Officer, received the Ernst & Young Entrepreneur Of The Year 2009 Award in the business services category in Greater Washington. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Ron Paul was selected by an independent panel of judges, and the award was presented at a gala event at the Ritz-Carlton, Tysons Corner on June 18, 2009.[More...]

EagleBank Announces the Creation of Three Advisory Boards

Mon, 01 Jun 2009 15:08:00 GMT

EagleBank announces the creation of three Advisory Boards to represent the Bank in the Maryland, Washington, D.C. and Northern Virginia markets. The EagleBank Advisory Boards will act as liaisons between the Bank and the Greater Washington, D.C. Metropolitan community.[More...]

EagleBank to Host Economic Summit

Tue, 28 Apr 2009 18:38:00 GMT

Business leaders from around the Washington region will gather at 11:30 a.m. on Friday, May 1st, at EagleBank's headquarters in Bethesda to discuss the state of the local economy with each other and Congressman Chris Van Hollen of Maryland's 8th District and Chairman of the Democratic Congressional Campaign Committee.[More...]

Eagle Bancorp, Inc. Announces Net Income Available to Common Shareholders of $1.5 Million for the First Quarter of 2009 With Stockholders' Equity Reaching $145 Million

Thu, 23 Apr 2009 09:57:00 GMT

BETHESDA, Md., April 23, 2009 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent company of EagleBank, today announced net income of $2.1 million for the three months ended March 31, 2009.
"We are pleased to report continuing solid financial results for Eagle Bancorp, Inc. for the first quarter of 2009," noted Ronald D. Paul, Chairman, President and Chief Executive Officer of Eagle Bancorp, Inc. "A long-term trend of growth in our balance sheet continued in the most recent quarter, as assets increased by almost $600 million year over year" added Mr. Paul, "including loan growth of over $100 million during the two quarters following consummation of our acquisition of Fidelity & Trust Financial Corporation ("Fidelity")."
At March 31, 2009, the Company's level of non-performing assets of $49.8 million representing 3.33% of total assets, and was elevated as compared to both March 31, 2008, ($11.7 million or 1.30% of total assets) and December 31, 2008, ($26.4 million or 1.76% of total assets), reflective of the weakened economic situation in our region.

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Eagle Bancorp, Inc. Increases Loans by $100 Million in 4th Quarter of 2008 and Declares Dividend on US Treasury Preferred Stock

Tue, 03 Feb 2009 21:10:00 GMT

Eagle Bancorp, Inc. , the parent company of EagleBank, today announced that is has declared a dividend of $371,279 on the Preferred Stock issued to the US Treasury. The Treasury had purchased $38.2 Million of Preferred Stock in December of 2008, as part of the TARP Capital Purchase Program.[More...]

Eagle Bancorp, Inc. Announces $7.4 Million of Net Income for the Year 2008 With Assets Reaching $1.5 Billion

Thu, 29 Jan 2009 09:56:00 GMT

Eagle Bancorp, Inc. , the parent company of EagleBank, today announced net income of $7.4 million for the year ended December 31, 2008 compared to $7.7 million for 2007, a 4% decline in net income.[More...]