Baird Downgrades Sandy Spring Bancorp (SASR) to Neutral

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Go back to Baird Downgrades Sandy Spring Bancorp (SASR) to Neutral

Sandy Spring Bancorp Reports Net Income of $11.2 Million for the First Quarter

April 16, 2015 7:01 AM EDT

OLNEY, Md., April 16, 2015 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq: SASR) the parent company of Sandy Spring Bank, today reported net income for the first quarter of 2015 of $11.2 million ($0.45 per diluted share) compared to net income of $10.9 million ($0.43 per diluted share) for the first quarter of 2014 and net income of $9.1 million ($0.36 per diluted share) for the fourth quarter of 2014.

"We are off to a solid start to the year, as higher net interest income from a growing loan portfolio, together with growth in income from wealth management and mortgage banking drove first... More