Sandy Spring Bancorp: Q4 Earnings Snapshot

Associated Press Finance
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OLNEY, Md. (AP) — OLNEY, Md. (AP) — Sandy Spring Bancorp Inc. (SASR) on Tuesday reported net income of $26.1 million in its fourth quarter.

The bank, based in Olney, Maryland, said it had earnings of 58 cents per share. Earnings, adjusted for amortization costs, were 60 cents per share.

The holding company for Sandy Spring Bank posted revenue of $182.2 million in the period. Its revenue net of interest expense was $98.3 million, which missed Street forecasts.

For the year, the company reported profit of $122.8 million, or $2.73 per share. Revenue was reported as $421.6 million.

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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

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