EAGLE BANCORP, INC. ANNOUNCES CASH DIVIDEND
March 26 2020 - 06:00AM
Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the
parent company for EagleBank, today announced a cash
dividend for the first quarter of 2020, in the amount of $0.22 per
share. The cash dividend will be payable on April 30, 2020 to
shareholders of record on April 15, 2020.
“We are pleased to announce the continuation of
a quarterly cash dividend payment to shareholders,” noted Susan G.
Riel, President and Chief Executive Officer of the Company.
Ms. Riel continued, “Our strong capital position enables us
to provide shareholders with a tangible return in the form of a
quarterly cash dividend.”
About Eagle Bancorp: The Company is the
holding company for EagleBank, which commenced
operations in 1998. The Bank is headquartered in Bethesda,
Maryland, and operates through twenty branch offices, located in
Suburban Maryland, Washington, D.C. and Northern Virginia. The
Company focuses on building relationships with businesses,
professionals and individuals in its marketplace.
Caution About Forward-Looking StatementsThis
press release contains forward-looking statements
within the meaning of the Securities Exchange Act of 1934, as
amended, including statements of goals, intentions, and
expectations as to future trends, plans, events or
results of Company operations and policies and regarding general
economic conditions. These forward-looking statements are based on
current expectations that involve risks, uncertainties and
assumptions, including the impacts of the novel
coronavirus pandemic and the volatility and
uncertainty in global markets and economies. Because of these
uncertainties and the assumptions on which the
forward-looking statements are based, actual future
operations and results in the future may differ materially
from those indicated herein. Readers are cautioned against placing
undue reliance on any such forward-looking statements. For details
on factors that could affect these
expectations, see the risk factors and other cautionary
language included in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2019, and other filings
with the SEC. Except as required by law, the Company does not
undertake to update forward-looking statements contained in this
release.
EagleBank ContactMichael T.
Flynn301.986.1800
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