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The Law Offices of Frank R. Cruz announces an 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.
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.
If you suffered a loss on your Eagle Bancorp, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.
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