Quantisnow Logo
Dashboard
Subscribe to $SASR

Sandy Spring Bancorp Inc.

$SASR
Major Banks
Finance

Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses. The company operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, commercial construction loans, and other commercial loans; residential real estate plans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities, such as commercial, personal, and medical liability lines. The Investment Management segment offers investment management and financial planning, including cash flow analysis, investment review, tax and retirement planning, insurance analysis, and estate planning to individuals, families, small businesses, and associations. The company also provides personal trust and wealth management services. It operates a network of approximately 65 locations in Maryland, Virginia, and Washington, the District of Columbia. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.

IPO Year:

Exchange: NASDAQ

Website: sandyspringbank.com

Peers

$EGBN
$HBMD

Recent Analyst Ratings for Sandy Spring Bancorp Inc.

DatePrice TargetRatingAnalyst
3/1/2024$25.00Neutral
Janney
10/2/2023$28.00 → $22.00Buy → Neutral
DA Davidson
4/4/2023$28.00Equal-Weight
Stephens
12/5/2022$39.00Neutral
Piper Sandler
4/22/2022$53.00 → $50.00Outperform → Mkt Perform
Keefe Bruyette
3/22/2022$61.00Buy
DA Davidson
See more ratings

Sandy Spring Bancorp Inc. Press Releases

Fastest customizable press release news feed in the world

See more

  • Atlantic Union Bankshares Corporation and Sandy Spring Bancorp, Inc. Announce Receipt of All Shareholder and Bank Regulatory Approvals to Complete Merger

    Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp, Inc. ("Sandy Spring") (NASDAQ:SASR) today jointly announced that Atlantic Union's shareholders and Sandy Spring's stockholders have approved the previously announced merger of Sandy Spring with and into Atlantic Union at their respective special meetings held today. Additionally, all required bank regulatory approvals have been received to complete the merger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250205986863/en/ "We are pleased to have received all necessary bank regulatory approvals and each company's shareholder and stockho

    $AUB
    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Declares Quarterly Dividend

    OLNEY, Md., Jan. 30, 2025 (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 February 19, 2025 to shareholders of record on February 12, 2025. This dividend is consistent with the previous linked quarter and the first quarter of 2024. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and 

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Announces Fourth Quarter Results

    OLNEY, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported a net loss of $39.5 million ($0.87 per diluted common share) for the quarter ended December 31, 2024, compared to net income of $16.2 million ($0.36 per diluted common share) for the third quarter of 2024 and $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023.   The current quarter's net loss is a result of a $54.4 million goodwill impairment charge determined during our annual goodwill impairment test based on the terms of the merger agreement with Atlantic Union Bankshares Corporation ("AUB").   The goodwill impairment is a n

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp, Inc. to Release Fourth Quarter 2024 Earnings on January 28, 2025

    OLNEY, Md., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will release its fourth quarter earnings for 2024 on Tuesday, January 28, 2025. About Sandy Spring Bancorp, Inc.Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson  and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu

    $SASR
    Major Banks
    Finance

  • Atlantic Union Bankshares Corporation and Sandy Spring Bancorp, Inc. Announce Receipt of Federal Reserve Approvals to Complete Mergers

    Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp, Inc. ("Sandy Spring") (NASDAQ:SASR) jointly announced today the receipt of regulatory approvals from the Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, to complete the previously announced merger of Sandy Spring with and into Atlantic Union in an all-stock transaction. Immediately following such merger, Sandy Spring Bank, Sandy Spring's wholly owned subsidiary bank, will merge with and into Atlantic Union Bank, Atlantic Union's wholly owned subsidiary bank. The mergers remain subject to the approval of the Virginia Bureau o

    $AUB
    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Declares Quarterly Dividend

    OLNEY, Md., Oct. 31, 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 November 21, 2024, to shareholders of record on November 14, 2024. This dividend is consistent with the previous linked quarter and the fourth quarter of 2023. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad ra

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million

    OLNEY, Md., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $16.2 million ($0.36 per diluted common share) for the quarter ended September 30, 2024, compared to net income of $22.8 million ($0.51 per diluted common share) for the second quarter of 2024 and $20.7 million ($0.46 per diluted common share) for the third quarter of 2023. Current quarter's core earnings were $17.9 million ($0.40 per diluted common share), compared to $24.4 million ($0.54 per diluted common share) for the quarter ended June 30, 2024 and $27.8 million ($0.62 per diluted common share) for the quarter ended September 30, 202

    $SASR
    Major Banks
    Finance

  • Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp

    Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne

    $AUB
    $SASR
    Major Banks
    Finance

  • Sandy Spring Bank Earns National Workplace Recognition for Fourth Consecutive Year

    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. The Great Place To Work® (GPTW) survey measures employees' level of trust in their organization and is based solely on employee feedback about the culture, values and experience. "We are committed to fostering a positive and inclusive workplace culture," said Gary Fernandes, Executive Vice President and Chief Human Resources Officer at Sandy Spring Bank. "Our team's dedication to our values and their trust in our organization are what make this achievement possible. We are prou

    $SASR
    Major Banks
    Finance

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

    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

    $SASR
    Major Banks
    Finance

Sandy Spring Bancorp Inc. Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

Sandy Spring Bancorp Inc. Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

Sandy Spring Bancorp Inc. SEC Filings

See more

Sandy Spring Bancorp Inc. Leadership Updates

Live Leadership Updates

See more

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

    OLNEY, Md., May 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sandy Spring Bancorp, Inc. (Nasdaq-SASR), today announced the appointment of Charles S. Cullum to Chief Financial Officer. Cullum was promoted from Deputy Chief Financial Officer and Treasurer. Philip J. Mantua, the outgoing Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support the leadership transition. "Charlie has played a central role in the financial management of the Company for many years, and I am confident in his ability to lead our financial operations as Chief Financial Officer, said Daniel J. Schrider, Chair, President and Chi

    $SASR
    Major Banks
    Finance

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

    OLNEY, Md., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq – SASR), the parent company of Sandy Spring Bank, announced today the retirement of the President of Commercial Banking and Executive Vice President, Kenneth C. Cook, effective February 28, 2023. He will serve on Sandy Spring Bancorp's Board of Directors upon his retirement from the bank. "Ken has dedicated his 40-year career to helping clients in the Greater Baltimore and Greater Washington regions. He has made immense contributions to the local business community, and he is a champion for his colleagues," said Daniel J. Schrider, President and CEO of Sandy Spring Bank. Cook joined Sandy Spring Bank

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bank Appoints Sherman Moore as New Division Executive of Sandy Spring Private Client Group

    OLNEY, Md., May 25, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today the promotion of Sherman W. Moore to Division Executive of the Sandy Spring Private Client Group. In this role, Moore will lead a 40-person team overseeing nearly $2 billion in investments. "Sandy Spring Bank's Private Client Group takes a holistic approach to meeting clients' financial needs through trust services, private banking, wealth planning and investment management," said R. Louis Caceres, Executive Vice President at Sandy Spring Bank. "Sherman brings a fresh perspective and creative ideas to his new role, and I look forward to seeing how he collaborates with others throughout the Bank to serve our c

    $SASR
    Major Banks
    Finance

Sandy Spring Bancorp Inc. Financials

Live finance-specific insights

See more

  • Sandy Spring Bancorp Declares Quarterly Dividend

    OLNEY, Md., Jan. 30, 2025 (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 February 19, 2025 to shareholders of record on February 12, 2025. This dividend is consistent with the previous linked quarter and the first quarter of 2024. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and 

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Announces Fourth Quarter Results

    OLNEY, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported a net loss of $39.5 million ($0.87 per diluted common share) for the quarter ended December 31, 2024, compared to net income of $16.2 million ($0.36 per diluted common share) for the third quarter of 2024 and $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023.   The current quarter's net loss is a result of a $54.4 million goodwill impairment charge determined during our annual goodwill impairment test based on the terms of the merger agreement with Atlantic Union Bankshares Corporation ("AUB").   The goodwill impairment is a n

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp, Inc. to Release Fourth Quarter 2024 Earnings on January 28, 2025

    OLNEY, Md., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will release its fourth quarter earnings for 2024 on Tuesday, January 28, 2025. About Sandy Spring Bancorp, Inc.Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson  and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Declares Quarterly Dividend

    OLNEY, Md., Oct. 31, 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 November 21, 2024, to shareholders of record on November 14, 2024. This dividend is consistent with the previous linked quarter and the fourth quarter of 2023. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad ra

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million

    OLNEY, Md., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $16.2 million ($0.36 per diluted common share) for the quarter ended September 30, 2024, compared to net income of $22.8 million ($0.51 per diluted common share) for the second quarter of 2024 and $20.7 million ($0.46 per diluted common share) for the third quarter of 2023. Current quarter's core earnings were $17.9 million ($0.40 per diluted common share), compared to $24.4 million ($0.54 per diluted common share) for the quarter ended June 30, 2024 and $27.8 million ($0.62 per diluted common share) for the quarter ended September 30, 202

    $SASR
    Major Banks
    Finance

  • Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp

    Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne

    $AUB
    $SASR
    Major Banks
    Finance

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

    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

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Declares Quarterly Dividend

    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. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of co

    $SASR
    Major Banks
    Finance

  • Sandy Spring Bancorp Reports Second Quarter Earnings of $22.8 Million

    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. Current quarter's core earnings were $24.4 million ($0.54 per diluted common share), compared to $21.9 million ($0.49 per diluted common share) for the quarter ended March 31, 2024 and $27.1 million ($0.60 per diluted common share) for the quarter ended June 30, 2023. Core e

    $SASR
    Major Banks
    Finance

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

    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

    $SASR
    Major Banks
    Finance

Sandy Spring Bancorp Inc. Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more