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Sandy Spring Bancorp Inc   (SASR)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


 

Sandy Spring Bancorp Inc

SASR's Financial Statements and Analysis



Sandy Spring Bancorp Inc reported in the forth quarter of 2023 net earnings per share of $0.58 a decrease by -23.79 % year on year from $0.76 and an improvement of 25.35 % from $0.46 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 0.58 $  102 Mill
$-0.18     -23.79 % $-8M     -7.66 %



Sandy Spring Bancorp Inc 's Revenue fell by -7.66 % in forth quarter of 2023 (Dec 31 2023) year on year, to $102 million and advanced by 1.59 % sequentially.


Sandy Spring Bancorp Inc is

More on SASR's Income Statement



Sandy Spring Bancorp Inc 's net income of $26.100 million in the forth quarter of 2023 decreased by -23.19 % from net earnings of $33.980 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 25.81 % from net income of $20.746 million realized in previous quarter.

More on SASR's Growth

Sandy Spring Bancorp Inc Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-172 million, capital expenditures fell by -4.0231.12%, to $-4 millions compare to same quarter a year ago

More on SASR's Cash flow Statement


Sandy Spring Bancorp Inc payed out dividend of $1.36 per share in last 52 weeks representing 49.82 % of net earning per share in trailing twelve-month period.

During the same period Sandy Spring Bancorp Inc earned $ 3.06 cash per share, on a free-cash flow basis 112.19 % of net earning per share.

Book value grew by 3.50 % sequentially to $35.29 per share, 90.21% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 26.59 per share from $ 25.69.

Company repurchased 0.10 million shares or 0.23 % in Dec 31 2023.
Interest Coverage Ratio was 1.58. Debt Coverage Ratio was 0.32.

More on SASR's Dividends

 Market Capitalization (Millions) 981
 Shares Outstanding (Millions) 45
 Total Debt (Millions $) 1,371
 Revenue (TTM) (Millions $) 439
 Net Income (TTM) (Millions $) 123
 Cash Flow (TTM) (Millions $) 354
 Capital Exp. (TTM) (Millions $) -14
 Dividend TTM ($) 1.36 $
 Dividend Yield TTM (%) 6.24 %
 Employees (TTM) $ 737




Sandy Spring Bancorp Inc payed out dividend of $1.36 per share in the last 52 weeks representing 49.82 % of net earning per share in trailing twelve-month period.

During the same period Sandy Spring Bancorp Inc had $ 3.06 cash flow per share, on a free-cash flow basis 112.19 % of net earning per share.

Book value grew by 3.50 % sequentially to $35.29 per share, 90.21% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 26.59 per share from $ 25.69.

Company repurchased 0.10 million shares or 0.23 % in Dec 31 2023.
Interest Coverage Ratio was 1.58. Debt Coverage Ratio was 0.32.

More on SASR's Balance Sheets

 Market Capitalization (Millions) 981
 Shares Outstanding (Millions) 45
 Total Debt (Millions $) 1,371
 Revenue (TTM) (Millions $) 439
 Net Income (TTM) (Millions $) 123
 Cash Flow (TTM) (Millions $) 354
 Capital Exp. (TTM) (Millions $) -14
 Dividend TTM ($) 1.36 $
 Dividend Yield TTM (%) 6.24 %
 Employees (TTM) $ 737
   


  News about Sandy Spring Bancorp Inc Earnings

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...

Weak Business and Revenue Decrease Contribute to a Sharp Slide in EPS for Sandy Spring Bancorp Inc in Q3 2023

Sandy Spring Bancorp Inc (Nasdaq-SASR) reported a decline in earnings per...

Sandy Spring Bancorp Inc Announces Significant Revenue Decline for Q2 2023, Highlighting a Drop in Earnings per Share

Sandy Spring Bancorp Inc (SASR) has seen a significant decline in its earnings and profitability for the fiscal period closing June 30, 2023. Earnings per share have plummeted by a staggering -54.55%, falling to $0.55 per share compared to $1.21 per share in the previous year. The profit has also taken a hit, dropping by -51.75% from $1.14 per share in the previous reporting season.
Furthermore, the company's revenue has crumbled by -25.738% to $102.59 million from $138.15 million in the same reporting season a year ago. Sequentially, the revenue fell even further by -23.887% from $134.79 million. This significant decline in revenue is a cause for concern as it indicates a lack of demand or potential ch...

Sandy Spring Bancorp Inc Surpasses Expectations with Strong Q1 2023 Earnings Performance

Financial News Report:
Sandy Spring Bancorp Inc Posts Strong Results in Q1 2023 Earnings Season
Sandy Spring Bancorp Inc, a leading commercial bank, saw its return on equity (ROE) rise to 11.67% in the first quarter of 2023, giving it an edge over the industry average of 10.44%. This impressive growth in ROE from the previous quarter's 11.27% was due to net income growth. Although 18 other companies in the industry had a higher return on equity, Sandy Spring Bancorp Inc's overall ranking has improved, advancing to 677 from 1168 in the last quarter of 2022.
In the first quarter of 2023 earnings season, the company reported ...


Date modified: 2024-02-20T16:04:08+00:00





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