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EagleBank Presents: 15 Things You Need to Know

Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

July 19, 2018 Bisnow

EagleBank Presents: 15 Things You Need to Know

Eagle Bancorp, Inc. Announces Another
Quarter Of Record Earnings With 2nd Quarter

2018 Net Income Up 34% Over 2017

Eagle Bancorp, Inc., the parent company of EagleBank, announced Wednesday a record quarterly net income of $37.3M for the three months ended June 30, a 34% increase over the $27.8M net income for the three months ended June 30, 2017. For the first six months of 2018, the company’s net income was $73M, a 33% increase over the $54.8M of net income for the same period in 2017. “We are very pleased to report another quarter of favorable earnings, which continued to exhibit positive trends of balance sheet growth, revenue growth, solid asset quality and favorable operating leverage,” EagleBank Chairman and CEO Ron Paul said in a statement.

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