Eagle Bancorp Surges 7% as CEO Transition Looms
Eagle Bancorp shares closed Friday at $26.19, up 7% for the week, outpacing regional peers ahead of the Memorial Day market closure. Stephen R. Curley will take over as CEO on July 6, with a $1.05 million salary and $3.2 million in equity awards. First-quarter net income reached $14.7 million after a prior loss, while commercial real estate loan concentration declined. Shareholders elected all 11 directors at the May 14 meeting.