Sandy Spring Bancorp (SASR) Tops Q3 EPS by 7c

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Sandy Spring Bancorp Reports Record Net Income of $13.5 Million for the Third Quarter

October 20, 2016 7:00 AM EDT

OLNEY, Md., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq: SASR) the parent company of Sandy Spring Bank, today reported net income for the third quarter of 2016 of $13.5 million ($0.56 per diluted share) compared to net income of $11.0 million ($0.45 per diluted share) for the third quarter of 2015 and net income of $10.6 million ($0.44 per diluted share) for the second quarter of 2016.

For the nine months ended September 30, 2016, net income was $34.9 million ($1.45 per diluted share) compared to net income of $32.6 million ($1.31 per diluted share) for the same period of the prior... More