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OLNEY, Md. (AP) _ Sandy Spring Bancorp Inc. (SASR) on Thursday reported fourth-quarter net income of $56.7 million.
The bank, based in Olney, Maryland, said it had earnings of $1.19 per share. Earnings, adjusted for non-recurring gains, came to $1.02 per share.
The holding company for Sandy Spring Bank posted revenue of $144 million in the period. Its revenue net of interest expense was $132.1 million, which topped Street forecasts.
For the year, the company reported profit of $97 million, or $2.18 per share. Revenue was reported as $465.9 million.
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Sandy Spring Bancorp shares have climbed 10% since the beginning of the year. The stock has dropped slightly more than 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SASR at https://www.zacks.com/ap/SASR
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