Sandy Spring Bancorp (SASR) Tops Q3 EPS by 6c
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Sandy Spring Bancorp Reports Third Quarter Earnings of $20.7 Million
October 24, 2023 7:00 AM EDTOLNEY, Md., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $20.7 million ($0.46 per diluted common share) for the quarter ended September 30, 2023, compared to net income of $24.7 million ($0.55 per diluted common share) for the second quarter of 2023 and $33.6 million ($0.75 per diluted common share) for the third quarter of 2022. The decline in the current quarter's net income compared to the linked quarter was the result of the one-time pension settlement expense associated with the previously disclosed termination of the Company's pension plan, coupled with lower net interest income.... More
