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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OLNEY, Md., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its fourth quarter earnings on Thursday, January 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 1-866-235-9910; a password is not necessary.  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 February 4, 2021. A telephone voice replay will also be available during that same time period at 1-877-344-7529. Please use conference number 10150939 to access.

Sandy Spring Bancorp, Inc. to Webcast Fourth Quarter Earnings Conference Call on January 21, 2021

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OLNEY, Md., Dec. 17, 2020 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, today announced that the Company's board of directors has authorized the repurchase of up to 2,350,000 shares of the Company's common stock, or approximately 5% of currently outstanding shares. Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors.

Sandy Spring Bancorp Announces Stock Repurchase Program

Sandy Spring Bancorp (SASR) CEO Daniel Schrider on Q3 2020 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of 44.78% and 5.65%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Q3 Earnings and Revenues Surpass Estimates

Shares of Sandy Spring Bancorp (NASDAQ:SASR) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share rose 18.29% year over year to $0.97, which beat the estimate of $0.71.

Sandy Spring Bancorp: Q3 Earnings Insights

Year-Over-Year Operating Earnings Increase 49% Year-Over-Year Operating Earnings Increase 49%

Sandy Spring Bancorp Reports Record Quarterly Earnings of $44.6 Million

Sandy Spring Bancorp (SASR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sandy Spring Bancorp (SASR) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

OLNEY, Md., Oct. 07, 2020 (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today that Carol Richardson has joined the company as Division Executive of Personal and Business Banking.   Richardson will concentrate on leading the bank’s branch network and small business banking group across the Washington DC, Maryland and Virginia region. Her role will be focused on implementing strategic initiatives that will provide the best possible service for both retail and business clients through both traditional and digital banking channels. She is originally from Scotland and now resides in Leesburg, Virginia. She will work out of the bank’s corporate office in Reston, Virginia.

Sandy Spring Bank Appoints Division Executive of Personal and Business Banking

OLNEY, Md., Oct. 01, 2020 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Thursday, October 22, 2020. 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 1-866-235-9910; a password is not necessary.  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 5, 2020. A telephone voice replay will also be available during that same time period at 1-877-344-7529. Please use conference number 10148248 to access.

Sandy Spring Bancorp, Inc. to Webcast Third Quarter Earnings Conference Call on October 22, 2020

All Clients Now Have Direct Access to Sandy Spring Bank’s People, Products and Services

Sandy Spring Bank Completes Conversion of All Revere Bank Systems and Branding

Sandy Spring Bancorp (SASR) CEO Daniel Schrider on Q2 2020 Results - Earnings Call Transcript

Company Reports Strong Growth in Operating Earnings Following the Revere Bank and Rembert Pendleton Jackson Acquisitions Company Reports Strong Growth in Operating Earnings Following the Revere Bank and Rembert Pendleton Jackson Acquisitions

Sandy Spring Bancorp Reports Second Quarter Results

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More than 106,000 Local Employees to Benefit from the Paycheck Protection Program More than 106,000 Local Employees to Benefit from the Paycheck Protection Program

Sandy Spring Bank Helps More than 4,900 Small Businesses Secure Over $1 Billion in SBA Loans

Sandy Spring Bancorp (SASR) CEO Dan Schrider on Q1 2020 Results - Earnings Call Transcript

Shares of Sandy Spring Bancorp (NASDAQ:SASR) fell 3.4% after the company reported Q1 results.

Sandy Spring Bancorp: Q1 Earnings Insights

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of -56.92% and -4.29%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Q1 Earnings and Revenues Lag Estimates

Bank Deepens Presence in the Region and Welcomes New Executives and Directors Bank Deepens Presence in the Region and Welcomes New Executives and Directors

Sandy Spring Bancorp Completes Acquisition of Revere Bank

OLNEY, Md., Feb.  11, 2020  (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ: SASR, “Sandy Spring”) and Revere Bank (OTCQX: REVB, “Revere”) jointly announced that the companies have received the requisite stockholder approvals for Sandy Spring to complete the acquisition of Revere.  As previously announced, Sandy Spring has also received regulatory approval for the merger from the Board of Governors of the Federal Reserve System and the Maryland Office of the Commissioner of Financial Regulation. 

Sandy Spring Bancorp, Inc. and Revere Bank Receive Shareholder Approval for Merger

OLNEY, Md., Feb.  03, 2020  (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR, “Sandy Spring”), the parent company of Sandy Spring Bank, announced today that it completed the acquisition of Rembert Pendleton Jackson (RPJ), a financial planning and investment advisory firm located in Falls Church, Virginia. 

Sandy Spring Bancorp Completes Acquisition of Rembert Pendleton Jackson

OLNEY, Md., Jan.  30, 2020  (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 $0.30 per share payable on February 19, 2020 to shareholders of record on February 12, 2020. This dividend is consistent with the previous linked quarter and $0.02 over the first quarter of 2019.

Sandy Spring Bancorp Declares Quarterly Dividend and Sets Date for Annual Meeting

OLNEY, Md., Jan.  27, 2020  (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ: SASR, “Sandy Spring”), the parent company of Sandy Spring Bank, announced that it has received the requisite regulatory approvals from the Board of Governors of the Federal Reserve System and the Maryland Office of the Commissioner of Financial Regulation to complete the merger of Revere Bank (OTCQX: REVB, “Revere”) into Sandy Spring Bank.

Sandy Spring Bancorp, Inc. Receives Regulatory Approvals for Acquisition

Sandy Spring Bancorp's (SASR) CEO Daniel Schrider on Q4 2019 Results - Earnings Call Transcript

Division Executive Brings More Than 30 Years of Experience Division Executive Brings More Than 30 Years of Experience

News for Sandy Spring Bancorp Stock (SASR)