Sandy Spring Bancorp (SASR) Tops Q2 EPS by 3c

Sandy Spring Bancorp (NASDAQ: SASR) reported Q2 EPS of $0.61, $0.03 better than the analyst estimate of $0.58.

“The current quarter reflects strong core performance driven by loan and deposit growth. We continue our efforts to create new and deepen existing client relationships to improve the financial performance of the Company. As part of those efforts, during the current quarter we were extremely pleased to announce a definitive agreement for the acquisition of WashingtonFirst Bankshares, Inc. and its banking unit, WashingtonFirst Bank, a well-regarded bank in northern Virginia. We believe that the creation of the region’s largest locally headquartered community bank will offer complementary products and the best possible experience for our combined clients and greater value to our shareholders,” said Daniel J. Schrider, President and Chief Executive Officer.

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

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