EXHIBIT 99


PRESS RELEASE                               EAGLE BANCORP, INC.
FOR IMMEDIATE RELEASE                       CONTACT:
                                            Thomas D. Murphy
April 14, 2003                              240.497.2048


             EAGLE BANCORP, INC. ANNOUNCES 1ST QUARTER 2003 EARNINGS

BETHESDA, MD. Eagle Bancorp, Inc. (Nasdaq: EGBN), the parent company of
EagleBank, announced net income of $983 thousand (34 cents per basic and 32
cents per diluted share) for the quarter ended March 31, 2003, net income for
the quarter included $118 thousand of security gains net of income taxes. The
March 31, 2003 results, compared to $369 thousand (13 cents per basic and 12
cents per diluted share) for the prior year period, a 166% increase. Net income
for the fourth quarter of 2002 was $922 thousand (32 cents per basic and 30
cents per diluted share) and included $119 thousand of security gains net of
income taxes.

The Company reported total assets at March 31, 2003 of $351 million compared to
$348 million at December 31, 2002. At March 31, 2003 deposits and customer
repurchase agreements totaled approximately $304 million compared to $303
million at December 31, 2002. For the quarter ended March 31, 2003, loans
(including loans held for sale) increased to $243 million from $242 million at
December 31, 2002.

Leonard Abel, Chairman and Ronald Paul, President and CEO of Eagle Bancorp,
Inc., are delighted with the 2003 operating results reflecting the significant
increase in earnings as compared to the first quarter of 2002. The reported
results are particularly gratifying when considering that weather, local and
national economic conditions and international events did not provide an ideal
environment for business. While operating results were very good, asset and loan
growth were at levels below those experienced historically. Management noted
some strength in deposit activity and lending opportunities during the last
weeks of the quarter and is hopeful that this activity will translate into
meaningful asset and loan growth in the 2nd quarter.

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.

                                       ###