Sandy Spring Bancorp falls on Q4 profit miss

Sandy Spring Bancorp

26/01/2023 18:09

** Shares of bank holding co Sandy Spring Bancorp  SASR.O 
fall 4.8% to $32.81 
    ** Co reports Q4 adj EPS of $0.79, below market view of
$0.92- Refinitiv IBES data 
    ** Net income for the quarter was $34.0 mln, compared with
$45.4 million in Q4 2021
    ** Increase in provisioning for credit losses and decline in
non-interest income negatively affected earnings- co 
    ** SASR fell 26.7% in 2022
 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))