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0 0 0 0 0.00627716079188793 0.00627716079188793 0.00627716079188793 0.0106228874939642
Stock impact report

Sandy Spring Bancorp Reports First Quarter Earnings of $20.4 Million [Yahoo! Finance]

Sandy Spring Bancorp, Inc. (SASR) 
Last sandy spring bancorp, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/100651
Company Research Source: Yahoo! Finance
of $20.4 million ($0.45 per diluted common share) for the quarter ended March 31, 2024, compared to net income of $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023 and $51.3 million ($1.14 per diluted common share) for the first quarter of 2023. Current quarter's core earnings were $21.9 million ($0.49 per diluted common share), compared to $27.1 million ($0.60 per diluted common share) for the quarter ended December 31, 2023 and $52.3 million ($1.16 per diluted common share) for the quarter ended March 31, 2023. Core earnings exclude the after-tax impact of amortization of intangibles, investment securities gains or losses and other non-recurring or extraordinary items. The current quarter's decline of net income and core earnings as compared to the linked quarter was driven by an increase to the provision for credit losses coupled with lower net interest income and higher non-interest expense, partially offset by higher non-interest income. The total pr Show less Read more
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