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Sandy Spring Bancorp (SASR) beats Q1 EPS consensus

  • Maryland-headquartered bank reports $0.74 EPS in latest corporate report
  • 40% increase in net income as “coordinated approach” pays off

Sandy Spring Bancorp (NASDAQ: SASR) beat earnings per share estimates for the first quarter after successfully executing its “coordinated approach” to serving clients in the banking sector. The $0.85 EPS for the first three months of 2019 was eleven cents higher than the analyst consensus of $0.74. “In the first quarter we saw balanced results and meaningful contributions from all major business lines,” CEO Daniel J. Schrider said in a statement.