-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J2QfXT3nzAJclNzMVnHyCM43miwMX9BV3C8wVFY3tiejdTShYlyS7Fcy1C6NPNwD iHRZc0qsb8J7tv02EyayoA== 0001005150-03-001130.txt : 20030715 0001005150-03-001130.hdr.sgml : 20030715 20030715153946 ACCESSION NUMBER: 0001005150-03-001130 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030715 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE BANCORP INC CENTRAL INDEX KEY: 0001050441 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 522061461 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25923 FILM NUMBER: 03787261 BUSINESS ADDRESS: STREET 1: 7815 WOODMONT AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 3019861800 MAIL ADDRESS: STREET 1: 7815 WOODMONT AVENUE CITY: BETHESDA STATE: MD ZIP: 20814 8-K 1 form8k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 15, 2003 Eagle Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 0-25923 52-2061461 (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Number) 7815 Woodmont Avenue, Bethesda, Maryland 20814 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: 301.986.1800 Item 5. Other Events - --------------------- On July 15, 2003, Eagle Bancorp, Inc. issued the press release attached as exhibit 99. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits - --------------------------------------------------------------------------- (a) Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits. 99 Press Release dated July 15, 2003 Item 9. Regulation FD Disclosure. - --------------------------------- In accordance with the guidance provided in Release Nos. 33-8216, 34-47583, the Company furnishes under this Item 9 the information furnished under Item 12 hereof. Item 12. Results of Operations and Financial Condition. - ------------------------------------------------------- On July 15, 2003, Eagle Bancorp, Inc. issued the press release attached hereto as exhibit 99. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EAGLE BANCORP, INC. By: /s/ Ronald D. Paul --------------------------------- Ronald D. Paul, President, Chief Executive Officer Dated: July 15, 2003 EX-99 3 ex99.txt EXHIBIT 99 EXHIBIT 99 [EagleBank logo ommitted] PRESS RELEASE EAGLE BANCORP, INC. FOR IMMEDIATE RELEASE CONTACT: Ronald D. Paul July 15, 2003 (301) 986 1800 EAGLE BANCORP, INC. ANNOUNCES 1ST HALF 2003 EARNINGS BETHESDA, MD. Eagle Bancorp, Inc. (Nasdaq: EGBN), the parent company of EagleBank, announced net income of $1.6 million (56 cents per basic and 52 cents per diluted share) for the six months ended June 30, 2003, compared to $897 thousand (31 cents per basic and 29 cents per diluted share) for the six months end June 30, 2002, an 80% increase. Net income for the second quarter of 2003 was $639 thousand (22 cents per basic and 20 cents per diluted share), compared to $528 thousand (18 cents per basic and 17 cents per diluted share) for the second quarter of 2002. The Company reported total assets at June 30, 2003 of $420 million compared to $348 million at December 31, 2002, and $350 million at March 31, 2003. At June 30, 2003 deposits and customer repurchase agreements totaled approximately $335 million compared to $303 million at December 31, 2002. For the six months ended June 30, 2003, loans (including loans held for sale) increased to $266 million from $242 million at December 31, 2002. Contributing to the growth in assets and liabilities are the escrowed subscription funds in the Company's offering of up to approximately 2.448 million shares of common stock for an aggregate offering price of approximately $30 million. The subscriptions, which totaled approximately $36 million at June 30, 2003 and $37 million at July 11, 2003, were invested in short term government securities and deposits with another bank, and are reflected as "Escrowed Subscriptions Received". Excluding the impact of the escrowed subscription funds, the Company's assets increased by approximately $34 million during the second quarter of 2003, by approximately $36 million from December 31, 2002 and $98 million from June 30, 2002. The escrowed subscription funds represent an oversubscription of approximately $6 million at June 30, 2003, which will be refunded to certain subscribers following termination of the subscriber's right of withdrawal and final allocation of available shares. The subscription period for the offering ended July 11, 2003, and subscribers have the right to withdraw their subscriptions until 5PM, eastern daylight time on July 25, 2003. It is expected that final allocations will be made shortly after the expiration of the withdrawal period. While the Company does not expect that the withdrawal rate of subscriptions would exceed the amount of the oversubscription, subscribers have an absolute right to withdraw and there can be no assurance that the Company will close on any specific number of shares. Leonard Abel, Chairman and Ronald Paul, President and CEO of Eagle Bancorp, Inc., are delighted with the continued growth in assets and profitability of the Company enjoyed during the second quarter, as well as the support of the Company reflected by the high level of interest in the offering. EagleBank commenced operations in July 1998. It presently has six offices, five in Montgomery County, Maryland and one in the District of Columbia. EagleBank specializes in delivering full relationship banking to the business and professional communities. This information contains forward looking statements regarding Eagle Bancorp's anticipated future results of operations, which are subject to risks and uncertainties. Actual future results may differ materially from current expectations as a result of changes in general economic conditions, including interest rates, competition, loan demand and other factors. This press release does not constitute an offer to sell or a solicitation of any offer to buy securities. ### -----END PRIVACY-ENHANCED MESSAGE-----