Bethesda, Md.-based Eagle Bancorp Inc.'s board extended its share repurchase program by one year and added 1,641,000 common shares to the authorization.

The buyback plan now expires Dec. 31, 2020. The additional shares authorized are on top of the previously authorized 1,715,547 common shares.

Eagle Bancorp's board also declared a fourth-quarter cash dividend of 22 cents per share, consistent with the previous quarter, to be payable Jan. 31, 2020, to shareholders of record as of Jan. 15, 2020.