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Sandy Spring Bancorp Inc   (SASR)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $23.5800 $-0.35 -1.463%
Day's High: $24.05 Week Perf: 2.17 %
Day's Low: $ 23.55 30 Day Perf: 13.58 %
Volume (M): 228 52 Wk High: $ 27.90
Volume (M$): $ 5,374 52 Wk Avg: $22.84
Open: $23.90 52 Wk Low: $19.27



 Market Capitalization (Millions $) 1,067
 Shares Outstanding (Millions) 45
 Employees 737
 Revenues (TTM) (Millions $) 400
 Net Income (TTM) (Millions $) 92
 Cash Flow (TTM) (Millions $) -85
 Capital Exp. (TTM) (Millions $) 16

Sandy Spring Bancorp Inc

Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the "Bank"). The Company is registered as a bank holding company pursuant to the Bank Holding Company Act of 1956, as amended (the "Holding Company Act"). As such, the Company is subject to supervision and regulation by the Board of Governors of the Federal Reserve System (the "Federal Reserve"). The Company began operating in 1988. Sandy Spring Bank traces its origin to 1868, making it among the oldest banking institutions in the region. The Bank is independent, community oriented, and conducts a full-service commercial banking business through 45 community offices located in Central Maryland, Northern Virginia, and Washington D. C. The Bank is a state chartered bank subject to supervision and regulation by the Federal Reserve and the State of Maryland. The Banks deposit accounts are insured by the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation (the "FDIC") to the maximum permitted by law. The Bank is a member of the Federal Reserve System and is an Equal Housing Lender. The Company, the Bank, and its other subsidiaries are Affirmative Action/Equal Opportunity Employers.

Conforming mortgage loans represent loans originated in accordance with underwriting standards set forth by the government-sponsored entities (“GSEs”), including the Federal National Mortgage Association (“Fannie Mae”), the Federal Home Loan Mortgage Corporation (“Freddie Mac”), and the Government National Mortgage Association (“Ginnie Mae”), which serve as the primary purchasers of loans sold in the secondary mortgage market by mortgage lenders. These loans are generally collateralized by one-to-four-family residential real estate, have loan-to-collateral value ratios of 80% or less or have mortgage insurance to insure down to 80%, and are made to borrowers in good credit standing. Substantially all fixed-rate conforming loans originated are sold in the secondary mortgage market. For any loans retained by the Company, title insurance insuring the priority of its mortgage lien, as well as fire and extended coverage casualty insurance protecting the properties securing the loans is required. Borrowers may be required to advance funds, with each monthly payment of principal and interest, to a loan escrow account from which the Company makes disbursements for items such as real estate taxes and mortgage insurance premiums. Appraisers approved by the Company appraise the properties securing substantially all of the Companys residential mortgage loans.


Included in commercial loans are credits directly originated by the Company and, to a lesser extent, syndicated transactions or loan participations that are originated by other lenders. The Companys commercial lending policy requires each loan, regardless of whether it is directly originated or is purchased, to have viable repayment sources. The risks associated with syndicated loans or purchased participations are similar to those of directly originated commercial loans, although additional risk may arise from the limited ability to control actions of the primary lender. Shared National Credits (SNC), as defined by the banking regulatory agencies, represent syndicated lending arrangements with three or more participating financial institutions and credit exceeding $20.0 million in the aggregate.

The home equity category consists mainly of revolving lines of credit to consumers that are secured by residential real estate. Home equity lines of credit and other home equity loans are originated by the Company for typically up to 90% of the appraised value, less the amount of any existing prior liens on the property. While home equity loans have maximum terms of up to twenty years and interest rates are generally fixed, home equity lines of credit have maximum terms of up to ten years for draws and thirty years for repayment, and interest rates are generally adjustable. The Company secures these loans with mortgages on the homes (typically a second mortgage). Purchase money second mortgage loans originated by the Company have maximum terms ranging from ten to thirty years. These loans generally carry a fixed rate of interest for the entire term or a fixed rate of interest for the first five years, re-pricing every five years thereafter at a predetermined spread to the prime rate of interest. Home equity lines are generally governed by the same lending policies and subject to credit risk as described for residential real estate loans.

 



   Company Address: 17801 Georgia Avenue Olney 20832 MD
   Company Phone Number: 774-6400   Stock Exchange / Ticker: NASDAQ SASR
   


Customers Net Income grew by SASR's Customers Net Profit Margin grew to

76.24 %

15.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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• View Complete Report
   



Sandy Spring Bancorp Inc

Sandy Spring Bancorp Inc Faces Steep Decline in Earnings per Share for Q1 of 2024

The stock market is constantly influenced by a variety of factors, including a company's financial performance. Sandy Spring Bancorp Inc, the parent company of Sandy Spring Bank, recently reported a significant decline in its revenue for the first quarter of 2024. The revenue dropped by 29.281% compared to the previous year, resulting in a decrease in profits by 60.53%.
In specific numbers, the company recorded revenue of $95.32 million for the first quarter of 2024, compared to $134.79 million in the same period the previous year. This decline in revenue also had an impact on the earnings per share (EPS), which decreased from $1.14 in the first quarter of 2023 to $0.45 in the first quarter of 2024.

Dividend

Sandy Spring Bancorp: Rewarding Shareholders and Driving Economic Growth with Quarterly Dividend

Published Thu, Apr 25 2024 11:00 AM UTC

Sandy Spring Bancorp Declares Quarterly Dividend Amidst Solid Performance and Robust Financial Results
OLNEY, Md., April 25, 2024 - Sandy Spring Bancorp, Inc. (Nasdaq- SASR), the renowned parent company of Sandy Spring Bank, has recently declared a quarterly common stock dividend of $0.34 per share, payable on May 15, 2024. The announcement was made following a series of...

Sandy Spring Bancorp Inc

Analyzing the Impact of Declining EPS on Sandy Spring Bancorp Inc. Amidst Stable Dividend Declaration

/>Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, recently released its financial results for the October to December 31, 2023, period. The report indicates a decrease in both income and revenue compared to the previous year's figures. However, the company remains committed to rewarding its shareholders, as evidenced by the declaration of a stable quarterly common stock dividend. This article aims to outline the key facts and provide an analysis of the company's performance, as well as discuss the potential impact on future results and the stock price.
1. Financial Results:
During the October to December 31, 2023 financial span, Sandy Spring Bancorp, Inc. experienced a decline in income. The company's income fell by -23.79% to $0.58 per share, compared to $0.76 per share in the same period the previous year. However, the income saw growth of 25.35% from the preceding reporting period's $0.46 per share.

Dividend

Sandy Spring Bancorp Maintains Consistent Dividend amidst Promising Financial Performance

Published Thu, Feb 1 2024 12:00 PM UTC



Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, recently declared a quarterly common stock dividend of $0.34 per share. This announcement reinforces the stability and consistent performance of the company within the financial sector. With its dividend payout ratio remaining below average, Sandy Spring Bancorp Inc has room for further growth and...

Product Service News

Sandy Spring Bank Forges Ahead in Northern Virginia, Confronts Revenue Dip and Profitability Gap Compared to Competitorsnn

Published Tue, Dec 5 2023 5:00 PM UTC

nn Sandy Spring Bank Opens One Loudoun Location and Faces Revenue and Profitability Challenges Compared to Competitorsnn
Sandy Spring Bank, a leading financial institution, has recently opened a new full-service branch in Ashburn's One Loudoun area. This strategic move aims to cater to the banking needs of residents and businesses in Northern Virginia. The bank's expansi...






 

Sandy Spring Bancorp Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Sandy Spring Bancorp Inc does not provide revenue guidance.

Earnings Outlook
Sandy Spring Bancorp Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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