Eagle Bancorp, Inc. (the “Company”) (NASDAQ:EGBN), the parent company for EagleBank, today announced a cash dividend for the fourth quarter of 2022, in the amount of $0.45 per share. The cash dividend will be payable on January 31, 2023 to shareholders of record on January 5, 2023.
Additionally, the Board of Directors adopted a new share repurchase program to take effect starting January 1, 2023, after the expiration of the current repurchase program on December 31, 2022. The Board of Directors authorized the repurchase of 1,600,000 shares of common stock, or approximately 5% of the Company’s outstanding shares of common stock, under the new repurchase program, which will expire on December 31, 2023, subject to earlier termination of the program by the Board of Directors.
