Sandy Spring Bancorp (SASR) Misses Q2 EPS by 2c

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Go back to Sandy Spring Bancorp (SASR) Misses Q2 EPS by 2c

Sandy Spring Bancorp Reports Net Income of $10.3 Million for the Second Quarter

July 16, 2015 7:01 AM EDT

OLNEY, Md., July 16, 2015 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq: SASR) the parent company of Sandy Spring Bank, today reported net income for the second quarter of 2015 of $10.3 million ($0.42 per diluted share) compared to net income of $7.0 million ($0.28 per diluted share) for the second quarter of 2014 and net income of $11.2 million ($0.45 per diluted share) for the first quarter of 2015. Results for the second quarter of 2014 included a $6.1 million pre-tax accrual for litigation expenses.

For the six months ended June 30, 2015, net income was $21.6 million ($0.87 per diluted share) compared to net income of $17.9... More