Securities Fraud Investigation Into Eagle Bancorp, Inc. (EGBN) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. CruzJuly 24, 2025 at 15:34 PM EDT
The Law Offices of Frank R. Cruz continues its investigation of Eagle Bancorp, Inc. (“Eagle” or the “Company”) (NASDAQ: EGBN) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON EAGLE BANCORP, INC. (EGBN), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On April 23, 2025, Eagle released its first quarter 2025 financial results, reporting net income of $1.7 million, compared to $15.3 million in the previous quarter, 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.” The Company also stated that “[v]aluation risk in [its] 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, or 11.4%, to close at $18.78 per share on April 24, 2025, thereby injuring investors. Then, on July 23, 2025, Eagle released its second quarter 2025 financial results, reporting a $71.5 million decrease in net income from the prior quarter, due primarily to a $111.9 million increase in provision expense in order “to resolve challenged loans and address related valuation pressures in the office portfolio.” On this news, Eagle’s stock price fell as much as 22% during intraday trading on July 24, 2025, thereby injuring investors further. Contact Us To Participate or Learn More:
If you purchased Eagle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20250724034076/en/ Contacts
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