Eagle Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 09:49 pm
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Eagle Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 81.417 million compared to USD 80.710 million a year ago. Net income was USD 38.892 million compared to USD 35.456 million a year ago. Basic earnings per share from continuing operations was USD 1.21 compared to USD 1.06 a year ago. For the full year, net interest income was USD 321.562 million compared to USD 324.045 million a year ago. Net income was USD 132.217 million compared to USD 142.943 million a year ago. Basic earnings per share from continuing operations was USD 4.09 compared to USD 4.18 a year ago. Diluted earnings per share from continuing operations was USD 4.08 compared to USD 4.18 a year ago.
Eagle Bancorp, Inc. is a bank holding company for EagleBank (the Bank). The Bank is a chartered commercial bank. The Company, through the Bank, conducts a full-service community banking business in Northern Virginia, Suburban Maryland and Washington, D.C. The primary financial services offered by the Bank include real estate, commercial and consumer lending, as well as traditional deposit and repurchase agreement products. The Bank offers a range of commercial banking services to its business and professional clients, as well as consumer banking services to individuals living and/or working primarily in the Bankâs market area. The Bankâs loan portfolio consists of traditional business and real estate secured loans. It operates 13 branch offices: six in Suburban Maryland, four located in the District of Columbia, and three in Northern Virginia. It also has four lending centers and utilizes various digital capabilities, including remote deposit services and mobile banking services.
EAGLE BANCORP, INC. 
