Sandy Spring Bancorp Inc. estimates that the new corporate tax rate will reduce the value of its net deferred tax asset by $5.1 million.
The Olney, Md.-based company will record the amount as an additional income tax expense in the fourth quarter.
Sandy Spring projects $5.1M reduction in DTA value
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Sandy Spring projects $5.1M reduction in DTA value
- Author Nicole De Dios
- Theme Banking
- Author
- Nicole De Dios
- Theme
- Banking