Sandy Spring Bancorp: Q1 Earnings Snapshot
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OLNEY, Md. (AP) — OLNEY, Md. (AP) — Sandy Spring Bancorp Inc. (SASR) on Thursday reported net income of $51.3 million in its first quarter.
The Olney, Maryland-based bank said it had earnings of $1.14 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.16 per share.
The holding company for Sandy Spring Bank posted revenue of $167.3 million in the period. Its revenue net of interest expense was $113.3 million, which did not meet Street forecasts.
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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
