Eagle Bancorp Profit Flat

Eagle Bancorp's profit was basically flat in the first quarter, at $1.7 million. Assets at the Bethesda company grew almost 16 percent, to $899.5 million.
The company said its asset quality remains strong. Net interest income grew 8 percent, to $8.6 million, though net interest margin shrunk to 4.19 percent form 4.41 percent in the first quarter of 2007.
The first-quarter provision for credit losses was $720,000, up from $303,000.

By Terri Rupar  |  April 24, 2008; 12:00 PM ET  | Category:  Finance
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