INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Eagle Bancorp, Inc. – EGBN

/EIN News/ -- NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Eagle Bancorp, Inc. (“Eagle” or the “Company”) (NASDAQ: EGBN). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Eagle and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On April 23, 2025, Eagle issued a press release reporting its financial results for the first quarter of 2025. Among other items, Eagle reported net income of $1.7 million, or $0.06 per diluted share, compared to $15.3 million, or $0.50 per diluted share for the previous quarter. Eagle said that “[t]he $13.6 million decrease in net income from the prior quarter is primarily due to a $14.1 million increase in provision expense, a $5.1 million decline in net interest income, and a $0.9 million increase in noninterest expenses.” Eagle further stated that “[v]aluation risk in our office portfolio remains a concern and was the primary driver of the provision for credit losses.” 

On this news, Eagle’s stock price fell $2.41 per share, or 11.37%, to close at $18.78 per share on April 24, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980