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Stock impact report

Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million

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: GlobeNewswire
OLNEY, Md., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $16.2 million ($0.36 per diluted common share) for the quarter ended September 30, 2024, compared to net income of $22.8 million ($0.51 per diluted common share) for the second quarter of 2024 and $20.7 million ($0.46 per diluted common share) for the third quarter of 2023. Current quarter's core earnings were $17.9 million ($0.40 per diluted common share), compared to $24.4 million ($0.54 per diluted common share) for the quarter ended June 30, 2024 and $27.8 million ($0.62 per diluted common share) for the quarter ended September 30, 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 in net income and core earnings as compared to the linked quarter was driven by higher provision for cred Show less Read more
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