Sandy Spring Bancorp (SASR) Tops Q1 EPS by 56c

Sandy Spring Bancorp (NASDAQ: SASR) reported Q1 EPS of $1.58, $0.56 better than the analyst estimate of $1.02.

“We delivered a solid first quarter. We are pleased with the stability in the margin, the contributions of our fee-based lines of business, the improved economic forecast and the resiliency of our loan portfolio’s credit quality. Our credit outlook is strong, and we are ready to help our clients reopen, recover and emerge stronger than ever,” said Daniel J. Schrider, President and CEO.

“We also look forward to entering the next phase of our return-to-work plan. We will apply the lessons we have learned about remote work and how we can use technology to do our jobs more effectively, but it is our goal to welcome our employees back to our offices in the months ahead. As a company that prioritizes people and relationships, we believe that in-person collaboration is what is best for our culture and how we do business.”

For earnings history and earnings-related data on Sandy Spring Bancorp (SASR) click here.

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