Sandy Spring Bancorp Reports Net Income of $28.3 Million for the Second Quarter

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Go back to Sandy Spring Bancorp Reports Net Income of $28.3 Million for the Second Quarter

Sandy Spring Bancorp (SASR) Tops Q2 EPS by 3c

July 18, 2019 7:02 AM EDT

Sandy Spring Bancorp (NASDAQ: SASR) reported Q2 EPS of $0.79, $0.03 better than the analyst estimate of $0.76. Revenue for the quarter came in at $66.2 million versus the consensus estimate of $66.79 million.

We continue to deliver a consistent performance and steady year-over-year earnings, allowing us to once again increase dividends in the second quarter, said Daniel J. Schrider, President and Chief Executive Officer. We grew deposits in meaningful ways and our Mortgage, Wealth and Insurance divisions achieved solid results.

We also demonstrated a nimble response to a challenging interest rate environment and maintained our strong credit quality,... More