OLNEY, Md. (AP) _ Sandy Spring Bancorp Inc. (SASR) on Thursday reported net income of $34 million in its fourth quarter.
The bank, based in Olney, Maryland, said it had earnings of 76 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, came to 79 cents per share.
The holding company for Sandy Spring Bank posted revenue of $159.6 million in the period. Its revenue net of interest expense was $120.9 million, which did not meet Street forecasts.
For the year, the company reported profit of $166.3 million, or $3.68 per share. Revenue was reported as $514 million.
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