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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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 Expands Its Wealth Management Services and Builds on Growth Momentum Company Expands Its Wealth Management Services and Builds on Growth Momentum

Sandy Spring Bancorp to Acquire Registered Investment Advisor: Rembert Pendleton Jackson

OLNEY, Md., Oct.  31, 2019  (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 November 20, 2019, to shareholders of record on November 13, 2019. This dividend is consistent with the previous linked quarter and $0.02 over the fourth quarter of 2018.

Sandy  Spring  Bancorp  Declares Quarterly Dividend

OLNEY, Md., Oct.  29, 2019  (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR, “Sandy Spring”) today announced the pricing of its offering of $175 million aggregate principal amount of 4.25% Fixed-to-Floating Rate Subordinated Notes due 2029 (the “Notes”). The Notes will bear a fixed interest rate of 4.25% per year from, and including, the date of issuance to, but excluding, November 15, 2024, payable semi-annually in arrears. From, and including, November 15, 2024 to, but excluding, the maturity date or any early redemption date, the interest rate shall be a floating rate equal to three-month LIBOR determined on the determination date of the applicable interest period plus 262 basis points, payable quarterly in arrears. The Notes were offered to the public at 100% of their face amount.

Sandy Spring Bancorp Announces Pricing of Subordinated Notes Offering

Acquisition of Revere Bank is expected to boost earning assets and, consequently, earnings next year

Sandy Spring Bancorp's Merger To Increase Loans, Merger Expenses

Sandy Spring Bancorp, Inc. (SASR) CEO Daniel Schrider on Q3 2019 Results - Earnings Call Transcript

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Company Delivers Strong Financial Performance and Balanced Results Across All Key Segments Company Delivers Strong Financial Performance and Balanced Results Across All Key Segments

Sandy Spring Bancorp Reports Quarterly Earnings of $29.4 Million

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Why Sandy Spring Bancorp (SASR) is a Top Dividend Stock for Your Portfolio

Company to Exceed Critical Growth Benchmark, Deepen Presence in Core Market and Expand Commercial Portfolio Company to Exceed Critical Growth Benchmark, Deepen Presence in Core Market and Expand Commercial Portfolio

Sandy Spring Bancorp to Acquire Revere Bank

OLNEY, Md., Sept.  16, 2019  (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today that Aaron M. Kaslow has joined the company as Executive Vice President and General Counsel. He will be a member of the Executive Team. Kaslow has served Sandy Spring Bank for more than 10 years as outside counsel in his role as partner with Kilpatrick Townsend & Stockton LLP.

Sandy Spring Bank Appoints New Executive Vice President and General Counsel

We expect SASR's earnings to increase on the back of loan growth.

Loan Growth To Boost Sandy Spring Bancorp's Earnings

Sandy Spring Bancorp, Inc. (SASR) CEO Daniel Schrider on Q2 2019 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of 0.00% and -0.76%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Sandy Spring Bancorp (SASR) Q2 Earnings Match Estimates

Why Sandy Spring Bancorp (SASR) is a Great Dividend Stock Right Now

Sandy Spring Bancorp, Inc. (SASR) CEO Daniel Schrider on Q1 2019 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of 13.33% and 3.26%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Sandy Spring Bancorp Stock (SASR)