Sandy Spring Bancorp (SASR) Reports Q4 EPS of 34c

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Go back to Sandy Spring Bancorp (SASR) Reports Q4 EPS of 34c

Sandy Spring Bancorp Reports Net Income of $8.3 Million for the Fourth Quarter

January 18, 2018 7:00 AM EST

OLNEY, Md., Jan. 18, 2018 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq: SASR), the parent company of Sandy Spring Bank, today reported net income for the fourth quarter of 2017 of $8.3 million ($0.34 per diluted share) compared to net income of $13.3 million ($0.55 per diluted share) for the fourth quarter of 2016 and net income of $15.1 million ($0.62 per diluted share) for the third quarter of 2017. The current quarters results included $5.6 million in additional income tax expense from the revaluation of deferred tax assets as a result of the reduction in the corporate income tax rate under the... More