Sandy Spring Bancorp Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 17, 2019 at 07:00 am
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Sandy Spring Bancorp Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 66.145 million compared to USD 43.492 million a year ago. Net income was USD 25.566 million compared to USD 8.267 million a year ago. Basic earnings per share was USD 0.72 compared to USD 0.34 a year ago. For the full year, net interest income was USD 260.445 million compared to USD 168.768 million a year ago. Net income was USD 100.864 million compared to USD 53.209 million a year ago. Basic earnings per share was USD 2.82 compared to USD 2.2 a year ago.
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company offers a range of commercial and retail banking, mortgage, private banking and trust services at approximately 50 locations throughout central Maryland, northern Virginia, and Washington D.C. It offers a menu of loan products, which include commercial loans, residential real estate loans, and consumer loans. Its commercial loans consist of commercial real estate loans, commercial construction loans and commercial business loans. Its consumer loans include primarily home equity loans and lines, installment loans and personal lines of credit. Its consumer loans include installment loans used by customers to purchase automobiles, boats and recreational vehicles. Through its subsidiaries, SSB Wealth Management, Inc. (d/b/a Rembert Pendleton Jackson) and West Financial Services, Inc., Sandy Spring Bank, offers a comprehensive menu of wealth management services.
SANDY SPRING BANCORP, INC. 
