Sandy Spring Bancorp rises on Q1 profit beat

Sandy Spring Bancorp

20/04/2023 15:40

** Shares of bank holding co Sandy Spring Bancorp  SASR.O  up
1.1% at $24.2
    ** Co reports Q1 earnings of $1.14/shr, beating analysts'
est. of $0.67/shr
    ** Q1 provision for credit losses was a credit of $21.5 mln
compared with a charge of $1.6 mln for Q1 2022
    ** Qtrly net interest income fell 4% to $97.3 mln from
$101.5 mln in Q1 2022
    ** SASR stock down 32.16% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))