Sandy Spring Bancorp Q4 Profit Down

(RTTNews) - Sandy Spring Bancorp, Inc., (SASR) Thursday reported fourth-quarter profit of $9.6 million or $0.38 per share, down from $9.9 million or $0.40 per share in the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.93 per share for the quarter. Analysts' estimates typically exclude special items.

Net-interest income improved 5 percent to $32.35 million from $30.92 million last year. Net-interest margin was 3.53 percent, compared to 3.53 percent last year. Non-interest income totaled $11.65 million, down from $12.25 million last year.