Eagle Bancorp, Inc. Announces Second Quarter 2024 Results
TBBKThe Bancorp(TBBK) GlobeNewswire News Room·2024-07-25 04:15

BETHESDA, Md., July 24, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN), ("Eagle", "the Company", "we", "us", "our"), the Bethesda-based parent company of EagleBank (the "Bank"), reported its unaudited results for the second quarter ended June 30, 2024. Eagle recorded a 104.2millionimpairmentinthevalueofgoodwillandaresultingnetlossof104.2 million impairment in the value of goodwill and a resulting net loss of 83.8 million or $2.78 per share for the second quarter 2024. The goodwill impairment does not impact our cash, liquidity ratios, core operating perfo ...