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 Q3 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.

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OLNEY, Md., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank today announced that it has been certified as a Great Place To Work, marking the fourth consecutive year that the Bank has achieved this recognition.

Sandy Spring Bank Earns National Workplace Recognition for Fourth Consecutive Year

OLNEY, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Monday, October 21, 2024. 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- 833-470-1428; please use Access Code: 998837. 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, 2024. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number: 182326 to access.

Sandy Spring Bancorp, Inc. to Webcast Third Quarter Earnings Conference Call on October 21, 2024

OLNEY, Md., Aug. 01, 2024 (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 August 21, 2024, to shareholders of record on August 14, 2024. This dividend is consistent with the previous linked quarter and the third quarter of 2023.

Sandy Spring Bancorp Declares Quarterly Dividend

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q2 2024 Earnings Conference Call July 23, 2024 2:00 PM ET Company Participants Daniel J. Schrider - President and Chief Executive Officer Aaron Kaslow - General Counsel and Chief Administrative Officer Charlie Cullum - Deputy Chief Financial Officer Conference Call Participants Catherine Mealor - Keefe, Bruyette & Woods Russell Gunther - Stephens Manuel Navas - D.A.

Sandy Spring Bancorp, Inc. (SASR) Q2 2024 Earnings Call Transcript

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.60 per share a year ago.

Sandy Spring Bancorp (SASR) Q2 Earnings and Revenues Top Estimates

OLNEY, Md., July 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $22.8 million ($0.51 per diluted common share) for the quarter ended June 30, 2024, compared to net income of $20.4 million ($0.45 per diluted common share) for the first quarter of 2024 and $24.7 million ($0.55 per diluted common share) for the second quarter of 2023.

Sandy Spring Bancorp Reports Second Quarter Earnings of $22.8 Million

Investors need to pay close attention to Sandy Spring Bancorp (SASR) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Sandy Spring Bancorp (SASR) Stock?

OLNEY, Md., July 15, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, today recognized the achievements of Ronda McDowell, Executive Vice President and Chief Operations Officer of Sandy Spring Bank, for her tenure as Chair of the Maryland Bankers Association (MBA). McDowell served in the role from June 4, 2023, until June 4, 2024.

Sandy Spring Bank Celebrates Ronda McDowell's Success as MBA Chair

Sandy Spring Bancorp (SASR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Strength Seen in Sandy Spring Bancorp (SASR): Can Its 8.7% Jump Turn into More Strength?

OLNEY, Md., July 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Tuesday, July 23, 2024. 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- 833-470-1428; please use Access Code: 340278. 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 6, 2024. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number: 846010 to access.

Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 23, 2024

Philip J. Mantua to Support Leadership Transition Through End of Year Philip J. Mantua to Support Leadership Transition Through End of Year

Sandy Spring Bancorp's Board of Directors Appoints Charles S. Cullum Chief Financial Officer

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q1 2024 Earnings Conference Call April 23, 2024 2:00 PM ET Company Participants Daniel J. Schrider – President and Chief Executive Officer Aaron Kaslow – General Counsel and Chief Administrative Officer Charlie Cullum – Deputy Chief Financial Officer Conference Call Participants Catherine Mealor – KBW Casey Whitman – Piper Sandler Russell Gunther – Stephens Manuel Navas – D.A.

Sandy Spring Bancorp, Inc. (SASR) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Sandy Spring Bancorp (SASR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $1.16 per share a year ago.

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

OLNEY, Md., April 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $20.4 million ($0.45 per diluted common share) for the quarter ended March 31, 2024, compared to net income of $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023 and $51.3 million ($1.14 per diluted common share) for the first quarter of 2023.

Sandy Spring Bancorp Reports First Quarter Earnings of $20.4 Million

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OLNEY, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its first quarter earnings on Tuesday, April 23, 2024. 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- 833-470-1428; please use Access Code: 186461. 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 7, 2024. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number: 131243 to access.

Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 23, 2024

OLNEY, Md., March 11, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank is pleased to announce that Malcolm Hollensteiner, Senior Vice President and Head of Residential Home Loan Production has been named the incoming President of the Board of Governors for the Maryland Mortgage Bankers and Brokers Association (MMBBA).

Sandy Spring Bank Senior Vice President Elected President of Mortgage Trade Association

OLNEY, Md., March 06, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank today announced a $50,000 donation to help combat hunger in the Greater Washington Region. Bank leaders presented checks of $25,000 each to Capital Area Food Bank and the Maryland Food Bank to help them in their important work in the D.C. region and across Maryland. Bank employees also helped sort fresh and non-perishable food and construct boxes for local seniors, while learning more about the critical work these organizations do to support individuals and families in our community.

Sandy Spring Bank Donates $50,000 to Local Food Banks to Support Access to Nutritious Food

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Sandy Spring Bancorp, Inc. (SASR) Q4 2024 Earnings Call Transcript

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.79 per share a year ago.

News for Sandy Spring Bancorp Stock (SASR)