Sandy Spring Bancorp

Sandy Spring Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management. The Community Banking segment conducts its operations through Sandy Spring Bank and involves delivering financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment includes operations through Sandy Spring Insurance Corp, a subsidiary of the bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment conducts its operations through West Financial Services, Inc., a subsidiary of the Bank. The company was founded in 1868 and is headquartered in Olney, MD.

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Earnings data Q4 2024

Sandy Spring Bancorp reports Q4 earnings decline, focuses on growth

Sandy Spring Bancorp navigated a challenging environment with stable credit quality and operational efficiency.
While facing margin pressure and revenue challenges, the bank's strategic focus on commercial banking and leadership transition position it for growth.
Opportunities in interest rate risk management, revenue diversification, and cost optimization can drive future performance.
Overall, Sandy Spring Bancorp's performance reflects resilience amidst market dynamics, with a strategic outlook towards sustainable growth.

Sandy Spring Bancorp posts strong Q1 earnings amidst loan challenges

Sandy Spring Bancorp demonstrated robust financial performance with increased core earnings and stable asset quality, despite facing challenges in loan production and non-interest income.
Strategic focus on credit quality, cost management, and margin improvement positions the company well to capitalize on opportunities for growth and profitability.
Proactive engagement with provisions, loan growth, and interest rate dynamics underscores management's commitment to navigating the evolving financial landscape effectively.

Sandy Spring Bancorp reports solid Q2 earnings amidst margin challenges

Sandy Spring Bancorp's Q2 2023 performance reflects a focus on growth amidst margin pressure and expense challenges.
Maintaining strong capital ratios and stable credit quality are key strengths, while optimizing borrowing and expense management present opportunities.
Addressing margin pressure, deposit costs, and enhancing operational efficiency will be crucial for sustained growth and profitability.

Sandy Spring Bancorp reports solid Q3 earnings and growth strategies

Sandy Spring Bancorp's Q3 2023 performance showcased solid earnings, stable assets, and a focus on core funding growth.
While facing challenges like net interest margin impact and CFO succession, the bank capitalized on opportunities in deposit growth and talent acquisition.
With a stable credit quality and increased deposit relationships, the bank is well-positioned for future growth and client expansion.
Strategic initiatives in commercial banking and wealth space underscore the bank's commitment to enhancing client relationships and driving growth.

Sandy Spring Bancorp reports solid Q4 earnings amidst growth plans

Sandy Spring Bancorp's Q4 2023 performance reflects solid earnings growth, stable assets, and efficient cost management amidst evolving market conditions.
While facing challenges in asset quality and potential interest rate impacts, the bank's strategic focus on digital transformation and loan growth positions it for future success.
With a strong capital position, ongoing efficiency initiatives, and strategic growth plans, Sandy Spring Bancorp navigates challenges and seizes opportunities for sustainable growth.

Sandy Spring Bancorp reports mixed Q1 results, eyes growth opportunities

Sandy Spring Bancorp's Q1 2024 performance reflected mixed results with a decline in net income but improvements in noninterest income and asset quality.
While facing challenges in commercial loan production and increased expenses, the bank maintained strong core deposit growth and capital ratios.
Opportunities lie in margin expansion, leadership transitions, and corporate responsibility initiatives for long-term growth and stakeholder value.

Sandy Spring Bancorp posts solid Q2 results amidst credit challenges

Sandy Spring Bancorp delivered a strong performance in Q2 2024, with growth in earnings, assets, loans, and deposits.
While facing challenges in credit quality metrics, the bank's focus on core strengths and strategic opportunities bodes well for future growth.
By navigating challenges and capitalizing on opportunities, Sandy Spring Bancorp aims to sustain its financial resilience and drive shareholder value.

Sandy Spring Bancorp merges with Atlantic Union Bankshares, creating $39B regional bank

Sandy Spring Bancorp's merger with Atlantic Union Bankshares creates a significant regional bank with strong performance and growth potential. While challenges in managing loan portfolios and optimizing synergies exist, the opportunities for revenue growth and community engagement are promising post-merger.

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Company Generates 17% Year over Year Organic Loan Growth Company Generates 17% Year over Year Organic Loan Growth

Sandy Spring Bancorp Reports Quarterly Earnings of $54.8 Million

Sandy Spring Bancorp (SASR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Sandy Spring Bancorp (SASR) Q2 Earnings Expected to Decline

OLNEY, Md., July 07, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Thursday, July 21, 2022. The company will hold a conference call that day at 2:00 p.m. (ET) to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website. Those who wish to participate in order to ask questions may do so by calling 1-844-200-6205; please use Access Code: 532489. Those who wish to listen to the call should go to the Investor Relations page of www.sandyspringbank.com and log on 10 minutes ahead of the scheduled start of the call. An internet-based replay will be available on the Investor Relations page of the website until August 4, 2022. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 378796 to access.

Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 21, 2022

Bank Will Now Offer Insurance Through Hub International Bank Will Now Offer Insurance Through Hub International

Sandy Spring Bancorp Sells Insurance Business

Executive Vice President Assumes Expanded Leadership Role Executive Vice President Assumes Expanded Leadership Role

Sandy Spring Bank Names Aaron Kaslow Chief Administrative Officer

OLNEY, Md., May 25, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today the promotion of Sherman W. Moore to Division Executive of the Sandy Spring Private Client Group. In this role, Moore will lead a 40-person team overseeing nearly $2 billion in investments.

Sandy Spring Bank Appoints Sherman Moore as New Division Executive of Sandy Spring Private Client Group

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q1 2022 Earnings Conference Call April 21, 2022 2:00 PM ET Company Participants Daniel Schrider – President and Chief Executive Officer Aaron Kaslow – General Counsel Phil Mantua – Chief Financial Officer Conference Call Participants Casey Whitman – Piper Sandler Erik Zwick – Boenning & Scattergood Catherine Mealor – KBW Russell Gunther – D.A. Davidson Brody Preston – Stephens Operator Hello and welcome to today's Sandy Spring Bancorp, Incorporated Earnings Conference Call and Webcast for the First Quarter of 2022.

Sandy Spring Bancorp's (SASR) CEO Daniel Schrider on Q1 2022 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of 7.61% and 3.77%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Beats Q1 Earnings Estimates

Company Reports Strong Deposit and Loan Growth Company Reports Strong Deposit and Loan Growth

Sandy Spring Bancorp Reports First Quarter Earnings of $43.9 Million

OLNEY, Md., April 07, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its first quarter earnings on Thursday, April 21, 2022. The company will hold a conference call that day at 2:00 p.m. (ET) to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website. Those who wish to participate in order to ask questions may do so by calling 1- 844-200-6205; please use Access Code: 263081. Those who wish to listen to the call should go to the Investor Relations page of www.sandyspringbank.com and log on 10 minutes ahead of the scheduled start of the call. An internet-based replay will be available on the Investor Relations page of the website until May 5, 2022. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 793380 to access.

Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 21, 2022

Sandy Spring Bank Earns Top Ranking for Financial Performance Sandy Spring Bank Earns Top Ranking for Financial Performance

Sandy Spring Bank Named the Fifth Best Bank in the Country in S&P Global Market Intelligence's Annual Rankings

OLNEY, Md., March 15, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ- SASR) (“Sandy Spring Bancorp” or the “Company”), the holding company for Sandy Spring Bank (the “Bank”), today announced that it has priced an underwritten public offering of $200 million aggregate principal amount of its fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will initially bear a fixed interest rate of 3.875% per year. Commencing on March 30, 2027, the Notes will bear interest at a floating rate per annum equal to the benchmark rate (which is expected to be the three-month SOFR rate) plus a spread of 196.5 basis points, payable quarterly in arrears. The offering is expected to close on March 18, 2022, subject to the satisfaction of customary closing conditions. The Company plans to use the net proceeds from the Notes offering for general corporate purposes, which include providing capital to support growth, investing in the Bank as regulatory capital, and, to the extent authorized by the board of directors, repurchasing the Company's common shares.

Sandy Spring Bancorp Announces Pricing of $200 Million Subordinated Debt Offering

Sandy Spring exited 2021 with strong lending momentum, including well above-average C&I lending growth as the company looks to leverage competitive hires and gain share in the D.C. market.

Sandy Spring Bancorp Carrying Strong Loan Growth Into 2022

OLNEY, Md., March 03, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bank has been named a top five bank by Forbes on its 2022 America's Best Banks list. This is the second consecutive year that the Bank made the list.

Sandy Spring Bank Named Top Bank by Forbes

OLNEY, Md., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 per share payable on February 28, 2022 to shareholders of record on February 18, 2022. This dividend is $0.02 more than the previous linked quarter and the first quarter of 2021.

Sandy Spring Bancorp Increases Quarterly Dividend

Sandy Spring Bancorp, Inc.'s (SASR) CEO Dan Schrider on Q4 2021 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of -4.55% and 2.94%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Q4 Earnings and Revenues Lag Estimates

Company Achieves Record Loan Production in the Fourth Quarter Company Achieves Record Loan Production in the Fourth Quarter

Sandy Spring Bancorp Reports Record Annual Earnings of $235.1 Million

Sandy Spring Bancorp (SASR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Sandy Spring Bancorp, Inc. (SASR) CEO Dan Schrider on Q3 2021 Results - Earnings Call Transcript

Sandy Spring Bancorp (NASDAQ:SASR) reported its Q3 earnings results on Thursday, October 21, 2021 at 07:00 AM. Here's what investors need to know about the announcement.

Recap: Sandy Spring Bancorp Q3 Earnings

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of 2.80% and 0.18%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Beats Q3 Earnings and Revenue Estimates

Earnings Performance Remains Strong Earnings Performance Remains Strong

Sandy Spring Bancorp Reports $57.0 Million In Quarterly Earnings

Sandy Spring Bancorp (SASR) Reports Next Week: Wall Street Expects Earnings Growth

OLNEY, Md., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Thursday, October 21, 2021. The company will hold a conference call that day at 2:00 p.m. (ET) to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website. Those who wish to participate in order to ask questions may do so by calling 1- 844-200-6205; please use Access Code: 896716. Those who wish to listen to the call should go to the Investor Relations page of www.sandyspringbank.com and log on 10 minutes ahead of the scheduled start of the call. An internet-based replay will be available on the Investor Relations page of the website until November 4, 2021. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 472010 to access.

News for Sandy Spring Bancorp Stock (SASR)