Eagle Bancorp Reports Q4 Earnings Miss, Net Income of $15.3 Million
Bethesda, Maryland - Eagle Bancorp Inc. (EGBN) today announced its financial results for the fourth quarter and full year ended December 31, 2023.
Fourth Quarter Financial Highlights:
* Net income: $15.3 million, a 2.07% decline year-over-year
* Earnings per share: 50 cents
* Revenue: $172.5 million
* Revenue net of interest expense: $74.9 million, below analyst expectations
Full Year Financial Highlights:
* Net income: $47 million
* Earnings per share: $1.56
* Revenue: $308.6 million
The company's net income missed analyst estimates for the quarter, with revenue also falling short of expectations.
For more information, access the full Zacks stock report on EGBN at https://www.zacks.com/ap/EGBN.