Sandy Spring Bancorp slips on lower Q2 profit

Sandy Spring Bancorp

25/07/2023 16:35

** Shares of bank holding company Sandy Spring Bancorp
 SASR.O  down 4% at $24.32
    ** Company reports Q2 profit of $0.55 per share vs $1.21 per
share a year earlier
    ** Posts Q2 net interest income of $90.5 mln, down 15% from
a year earlier
    ** Q2 total provision for credit losses is $5.1 mln compared
with a provision of $3.0 mln a year ago
    ** Shares down 30.56% YTD

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