Sandy Spring Bancorp (SASR) Tops Q1 EPS by 11c

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Go back to Sandy Spring Bancorp (SASR) Tops Q1 EPS by 11c

Sandy Spring Bancorp Reports a 40% Increase in Net Income for the First Quarter of 2019

April 18, 2019 7:00 AM EDT

OLNEY, Md., April 18, 2019 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported net income for the first quarter of 2019 of $30.3 million ($0.85 per diluted share) compared to net income of $21.7 million ($0.61 per diluted share) for the first quarter of 2018 and net income of $25.6 million ($0.72 per diluted share) for the fourth quarter of 2018. The prior years first quarters results included the impact of $9.0 million in merger expenses associated with the acquisition of WashingtonFirst Bankshares, Inc. (WashingtonFirst).  Exclusive of the after-tax impact of these expenses adjusted earnings per diluted share for the... More