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EAGLE BANCORP ALERT: Bragar Eagel & Squire, P.C. is Investigating Eagle Bancorp, Inc. on Behalf of Eagle Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Roomยท2025-05-08 01:00

Core Insights - Eagle Bancorp, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices [1] - In Q1 2025, Eagle reported a significant decline in net income to $1.7 million, down from $15.3 million in the previous quarter, primarily due to increased provision expenses and decreased net interest income [2] - Following the financial results announcement, Eagle's stock price dropped by 11.37%, closing at $18.78 per share [2] Financial Performance - Q1 2025 net income: $1.7 million ($0.06 per diluted share) compared to $15.3 million ($0.50 per diluted share) in Q4 2024 [2] - The decrease in net income was attributed to a $14.1 million increase in provision expense, a $5.1 million decline in net interest income, and a $0.9 million rise in noninterest expenses [2] - Valuation risk in the office portfolio was highlighted as a primary concern driving the provision for credit losses [2] Legal Investigation - Bragar Eagel & Squire, P.C. is investigating claims on behalf of Eagle stockholders regarding potential legal violations [1] - The law firm encourages affected stockholders to reach out for more information or to participate in the investigation [3]