SASR - Sandy Spring Bancorp Non-GAAP EPS of $1.16 revenue of $114.22M misses by $0.7M
2023-04-20 07:18:12 ET
- Sandy Spring Bancorp press release ( NASDAQ: SASR ): Q1 Non-GAAP EPS of $1.16.
- Revenue of $114.22M (-7.1% Y/Y) misses by $0.7M .
- The provision for credit losses for the current quarter was a credit of $21.5 million compared to a charge of $1.6 million for the first quarter of 2022 and a charge of $10.8 million for the fourth quarter of 2022. The current quarter's credit to the provision was primarily the result of the improvement in the forecasted regional unemployment rate coupled with the stable credit quality in the loan portfolio.
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Sandy Spring Bancorp Non-GAAP EPS of $1.16, revenue of $114.22M misses by $0.7M