Sandy Spring Bancorp (SASR) Misses Q4 EPS by 4c

Sandy Spring Bancorp (NASDAQ: SASR) reported Q4 core EPS of $1.05, $0.04 worse than the analyst estimate of $1.09.

The provision for credit losses for the current quarter was $1.6 million as compared to a credit of $4.5 million for the fourth quarter of 2020 and credit of $8.2 million for the third quarter of 2021. While the continued improvement in forecasted macroeconomic indicators, most notably the forecasted unemployment rate, resulted in credits for the provision for credit losses during most of 2021, the current quarter's provision was primarily the result of the growth in the loan portfolio that occurred during the quarter.

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

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