U.S. Markets open in 1 hr 14 mins

Sandy Spring Bancorp: 1Q Earnings Snapshot

OLNEY, Md. (AP) _ Sandy Spring Bancorp Inc. (SASR) on Thursday reported first-quarter profit of $30.3 million.

The bank, based in Olney, Maryland, said it had earnings of 85 cents per share.

The holding company for Sandy Spring Bank posted revenue of $105.2 million in the period. Its revenue net of interest expense was $83.7 million, topping Street forecasts.

Sandy Spring Bancorp shares have increased slightly more than 6 percent since the beginning of the year. The stock has fallen 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SASR at https://www.zacks.com/ap/SASR