latest news releases from the newsroom
Eagle Bancorp, Inc.
Eagle Bancorp, Inc. Announces Net Income Available to Common Shareholders of $1.5 Million for the First Quarter of 2009 With Stockholders' Equity Reaching $145 Million
BETHESDA, Md., April 23, 2009 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (Nasdaq:EGBN), the parent company of EagleBank, today announced net income of $2.1 million for the three months ended March 31, 2009. Net income available to common shareholders was $1.5 million for the three months ended March 31, 2009 ($0.12 per basic and diluted common share), after accrual of preferred stock dividends, compared to $1.7 million ($0.15 per basic and diluted common share) for 2008.
Tower Financial Corporation
Tower Financial Corporation Reports Positive First Quarter Earnings
FORT WAYNE, Ind., April 23, 2009 (GLOBE NEWSWIRE) -- Tower Financial Corporation (Nasdaq:TOFC) reported first quarter 2009 earnings of $410,000, or $0.10 per diluted share, compared with net income of $711,000, or $0.17 per share, reported for the first quarter 2008. The decrease in earnings is a result primarily of an additional $660,000 of pre-tax loan provision expense recorded in the first quarter 2009 compared to the first quarter 2008.