Eagle Bancorp, Inc. Announces Stock Split and Cash Dividend

Eagle Bancorp, Inc. Announces Stock Split and Cash Dividend 


BETHESDA, Md., Jan. 19  /PRNewswire-FirstCall/ -- Eagle Bancorp, Inc.
(NASDAQ:EGBN), the parent company of EagleBank, today announced the declaration
of a 1.3 for 1 stock split in the form of a 30% stock dividend in respect to
its common stock.  The stock dividend is payable on February 28, 2005 to
shareholders of record on February 4, 2005.  As a result of the split, the
number of outstanding shares of Eagle Bancorp's common stock will increase to
approximately 7,100,000 shares.

Eagle Bancorp, Inc. also announced today the declaration of its first cash
dividend, in the amount of $0.07 per share.  The cash dividend will be payable
on March 31, 2005 to shareholders of record on March 1, 2005.  It is
anticipated that Eagle Bancorp will, subject to continuing evaluation of the
prospects and capital needs of EagleBank, pay a dividend on a quarterly basis.

Forward Looking Statements. This press release contains forward looking
statements within the meaning of the Securities and Exchange Act of 1934, as
amended, including statements of goals, intentions, and expectations as to
future trends, plans, events or results of Company operations and policies and
regarding general economic conditions. In some cases, forward-looking
statements can be identified by use of words such as "may," "will,"
"anticipates," "believes," "expects," "plans," "estimates," "potential,"
"continue," "should," and similar words or phrases. These statements are based
upon current and anticipated economic conditions, nationally and in the
Company's market, interest rates and interest rate policy, competitive factors
and other conditions which by their nature, are not susceptible to accurate
forecast and are subject to significant uncertainty. Because of these
uncertainties and the assumptions on which this discussion and the forward-
looking statements are based, actual future operations and results in the
future may differ materially from those indicated herein. Readers are cautioned
against placing undue reliance on any such forward-looking statements. The
Company's past results are not necessarily indicative of future performance. 

DATASOURCE: Eagle Bancorp, Inc.



CONTACT:  Ronald D. Paul of Eagle Bancorp, Inc., [phone]



Web site:  http://www.eaglebankmd.com/ 

Copyright