Legal costs and low interest rates: 5 things to know about EagleBank's financial state

Legal costs and low interest rates: 5 things to know about EagleBank's financial state

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EagleBancorp, Inc. (EGBN: NASDAQ), the parent company of Bethesda's EagleBank, is feeling the pressure from the higher legal costs stemming from ongoing government investigations into the bank and a continuing environment of low interest rates. These and other factors are putting a strain on profits, EagleBank CEO Susan Riel said in an earnings call Thursday morning. The bank reported $4.1 million in legal, accounting and professional fees during the final quarter of 2019, up substantially from…

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