Sandy Spring Bancorp (SASR) Tops Q1 EPS by 56c

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Go back to Sandy Spring Bancorp (SASR) Tops Q1 EPS by 56c

Sandy Spring Bancorp Reports First Quarter Earnings of $75.5 Million

April 22, 2021 7:00 AM EDT

OLNEY, Md., April 22, 2021 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported net income of $75.5 million ($1.58 per diluted common share) for the first quarter of 2021. The current quarters result compares to net income of $10.0 million ($0.28 per diluted common share) for the first quarter of 2020 and net income of $56.7 million ($1.19 per diluted common share) for the fourth quarter of 2020. 

Core earnings for the current quarter, which exclude the impact of the provision for credit losses and provision on unfunded loan commitments, merger and acquisition expense, loss on FHLB... More