Sandy Spring Bancorp (SASR) Reports Q3 EPS of $0.76

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Sandy Spring Bancorp Reports Record Quarterly Earnings

October 18, 2018 7:00 AM EDT

Company Demonstrates Strong Performance and Momentum Across the Organization

OLNEY, Md., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Today, Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income for the third quarter of 2018 of $29.2 million ($0.82 per diluted share) compared to net income of $15.1 million ($0.62 per diluted share) for the third quarter of 2017 and net income of $24.4 million ($0.68 per diluted share) for the second quarter of 2018.  The current quarters results included $2.0 million of recovered interest income from a previously acquired credit impaired loan and $0.6 million in merger expenses. ... More