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., July 03, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Tuesday, July 25, 2023. 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: 573109. 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 8, 2023. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 708305 to access.

Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 25, 2023

OLNEY, Md., June 27, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bank, a subsidiary of Sandy Spring Bancorp, Inc. (Nasdaq: SASR), announced today that Ronda M. McDowell, Executive Vice President and Chief Operations Officer, is the new Chair of the Maryland Bankers Association (MBA) Board of Directors for the 2023-2024 year.

Sandy Spring Bank Chief Operations Officer Elected Chair of Maryland Bankers Association

Sandy Spring Bancorp, Inc. (SASR) Q1 2023 Earnings Call Transcript.

Sandy Spring Bancorp, Inc. (SASR) Q1 2023 Earnings Call Transcript

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.99 per share a year ago.

Sandy Spring Bancorp (SASR) Q1 Earnings Surpass Estimates

OLNEY, Md., April 20, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $51.3 million ($1.14 per diluted common share) for the quarter ended March 31, 2023, compared to net income of $43.9 million ($0.96 per diluted common share) for the first quarter of 2022 and $34.0 million ($0.76 per diluted common share) for the fourth quarter of 2022.

Sandy Spring Bancorp Reports First Quarter Earnings of $51.3 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) Q1 Earnings Expected to Decline

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OLNEY, Md., April 06, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its first quarter earnings on Thursday, April 20, 2023. 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: 929546. 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 4, 2023. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 941985 to access.

Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 20, 2023

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If Safety is Your Concern, Then Take a Look at Sandy Spring Bank

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New position to lead bank strategies supporting the region's critical middle market and corporate sectors New position to lead bank strategies supporting the region's critical middle market and corporate sectors

Noha Galal Joins Sandy Spring Bank as Senior Vice President and Middle Market Team Leader for Corporate and Institutional Banking Division

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Sandy Spring Bancorp Inc. (NASDAQ:SASR ) Q4 2022 Earnings Conference Call January 26, 2023 2:00 PM ET Company Participants Daniel Schrider – Chair, President and Chief Executive Officer Aaron Kaslow – General Counsel and Chief Administrative Officer Phil Mantua – Executive Vice President and Chief Financial Officer Conference Call Participants Casey Whitman – Piper Sandler Catherine Mealor – KBW Manuel Navas – D.A Davidson Operator Good afternoon. Thank you for attending the Sandy Spring Bancorp Earnings Conference Call and Webcast for the Fourth Quarter of 2022.

Sandy Spring Bancorp Inc. (SASR) Q4 2022 Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of -15.05% and 5.83%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Company's Year Over Year Loan Growth Exceeds 14% Company's Year Over Year Loan Growth Exceeds 14%

Sandy Spring Bancorp Reports Fourth Quarter Earnings of $34.0 Million

OLNEY, Md., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its fourth quarter earnings on Thursday, January 26, 2023. 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: 970945. 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 9, 2023. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 813195 to access.

Sandy Spring Bancorp, Inc. to Webcast Fourth Quarter Earnings Conference Call on January 26, 2023

Decision part of comprehensive strategy to make banking easier and more affordable Decision part of comprehensive strategy to make banking easier and more affordable

Sandy Spring Bank Eliminates Non-Sufficient Funds Fees, Revises Overdraft Policies for All Personal Deposit Products

Current Chair Robert L. Orndorff to Become Lead Independent Director Current Chair Robert L. Orndorff to Become Lead Independent Director

Sandy Spring Bancorp, Inc. President and CEO Daniel J. Schrider to Add Chair Role

Cook to Join Board of Directors Cook to Join Board of Directors

Sandy Spring Bancorp, Inc. Announces Retirement of Kenneth C. Cook, Commercial Banking President

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q3 2022 Earnings Conference Call October 20, 2022 2:00 PM ET Company Representatives Daniel Schrider - President, Chief Executive Officer Phil Mantua - Chief Financial Officer Aaron Kaslow - General Counsel, Chief Administrative Officer Conference Call Participants Catherine Mealor - KBW Manuel Novice - D.A. Davidson Operator Good afternoon!

Sandy Spring Bancorp, Inc. (SASR) Q3 2022 Earnings Call Transcript

Company Achieves 10% Year over Year Organic Growth Company Achieves 10% Year over Year Organic Growth

Sandy Spring Bancorp Reports Quarterly Earnings of $33.6 Million

OLNEY, Md., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Thursday, October 20, 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: 142064. 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 3, 2022. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number 479150 to access.

Sandy Spring Bancorp, Inc. to Webcast Third Quarter Earnings Conference Call on October 20, 2022

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q2 2022 Earnings Conference Call July 21, 2022 2:00 PM ET Company Participants Daniel Schrider - Vice Chairman, President and Chief Executive Officer Aaron Kaslow - Executive Vice President, Chief Administrative Officer and General Counsel Phil Mantua - Executive Vice President and Chief Financial Officer Conference Call Participants Catherine Mealor - KBW Russell Gunther - D.A. Davidson Mark Hughes - Lafayette Investments Operator Good afternoon.

Sandy Spring Bancorp, Inc. (SASR) CEO Daniel Schrider on Q2 2022 Results - Earnings Call Transcript

Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of -2.06% and 12.69%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Sandy Spring Bancorp Stock (SASR)