Eagle Bancorp, Inc. Announces Cash Dividend
June 24 2020 - 4:15PM
Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent
company for EagleBank, today announced a cash dividend for the
second quarter of 2020, in the amount of $0.22 per share. The cash
dividend will be payable on July 31, 2020 to shareholders of record
on July 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
Statements This 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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