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Compared to Estimates, Sandy Spring Bancorp (SASR) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2-min read

For the quarter ended March 2024, Sandy Spring Bancorp (SASR) reported revenue of $97.71 million, down 13.7% over the same period last year. EPS came in at $0.49, compared to $1.16 in the year-ago quarter.

The reported revenue represents a surprise of +0.27% over the Zacks Consensus Estimate of $97.45 million. With the consensus EPS estimate being $0.46, the EPS surprise was +6.52%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Here is how Sandy Spring Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Average Interest-Earning Assets: $13.41 billion versus the two-analyst average estimate of $13.44 billion.

  • Net Interest Margin: 2.4% versus 2.4% estimated by two analysts on average.

  • Efficiency ratio: 69.6% versus 67.4% estimated by two analysts on average.

  • Total Non-Interest Income: $18.37 million versus $16.24 million estimated by two analysts on average.

  • Tax-equivalent Net Interest Income: $80.44 million versus $80.71 million estimated by two analysts on average.

View all Key Company Metrics for Sandy Spring Bancorp here>>>

Shares of Sandy Spring Bancorp have returned -6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Sandy Spring Bancorp, Inc. (SASR) : Free Stock Analysis Report

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Zacks Investment Research