Eagle Bancorp, Inc. Announces Results of Operations for First Quarter 2024

April 24, 2024

https://www.globenewswire.com/news-release/2024/04/24/2869089/11376/en/Eagle-Bancorp-Inc-Announces-Results-of-Operations-for-First-Quarter-2024.html

BETHESDA, Md., April 24, 2024 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ:EGBN), the parent company of EagleBank (the “Bank”), today announced a net loss of $338 thousand for the first quarter 2024, compared to net income of $20.2 million for the fourth quarter 2023 (the “prior quarter”). Net loss was $(0.01) per share (diluted) for the first quarter 2024, compared to net income of $0.67 per share (diluted) for the prior quarter. Pre-provision net revenue (“PPNR”)1, a non-GAAP financial measure, was $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.

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