Eagle Bancorp, Inc. Announces Cash Dividend
16 May 2019 - 7:10AM
Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent
company for EagleBank, today announced a cash dividend for the
second quarter of 2019, in the amount of $0.22 per share. The cash
dividend will be payable on June 14, 2019 to shareholders of record
on May 31, 2019.
“Given our excellent profitability and strong
capital position, we are pleased to announce the initiation of a
cash dividend payment to shareholders,” noted Susan G. Riel,
President and Chief Executive Officer of Eagle Bancorp, Inc. Ms.
Riel continued, “We expect that our performance will enable us to
continue to provide shareholders with a tangible return in the form
of quarterly cash dividends, and believe that such action is
prudent, given the rate of capital accumulation at the
Company.”
Ms. Riel added, “The Company’s capital planning
and policies are extensive and receive much attention by the
Company’s Board of Directors. The decision to institute a quarterly
cash dividend at this time is consistent with those policies.”
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. 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, 2018, 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.
Eagle Bancorp ContactMichael T.
Flynn301.986.1800
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