Sandy Spring Bancorp Reports Q4 Loss, Beats Revenue Estimates
OLNEY, Md. (AP) - Sandy Spring Bancorp Inc. (SASR) reported a loss of $39.5 million in its fourth quarter, ended December 31, 2023.
Key Financial Metrics:
* Loss per share: $0.87
* Adjusted earnings per share: $0.47
* Revenue: $192.7 million
* Net interest revenue: $107.7 million (exceeding analyst estimates)
* Annual profit: $19.9 million, or $0.44 per share
* Annual revenue: $406.4 million
Company Overview:
Sandy Spring Bancorp Inc., based in Olney, Maryland, is the holding company for Sandy Spring Bank. Despite the reported loss in Q4, the company exceeded revenue estimates for the period.
Additional Information:
Access a Zacks stock report on SASR at: https://www.zacks.com/ap/SASR