Eagle Bancorp, Inc. (NASDAQ: EGBN)

This investigation is for anyone who acquired securities in Eagle Bancorp, Inc. (NASDAQ: EGBN) prior to April 23, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had in place adequate financial controls but then by overstating the value of the Company’s loan portfolio.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Eagle Bancorp, Inc. (NASDAQ: EGBN) prior to April 23, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.