Sandy Spring Bancorp, Inc.

SASR

US8003631038

Banks

Market Closed - Nasdaq Other stock markets 04:30:01 2024-05-03 pm EDT			5-day change	1st Jan Change
22.24 ^USD	+2.39%		+3.49%	-18.36%

May. 03	Tranche Update on Sandy Spring Bancorp, Inc.'s Equity Buyback Plan announced on March 31, 2022.	CI
Apr. 25	Sandy Spring Bancorp, Inc. Declares Quarterly Common Stock Dividend, Payable on May 15, 2024	CI

Sandy Spring Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 23, 2024 at 07:00 am EDT

Sandy Spring Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 79.34 million compared to USD 97.3 million a year ago. Net income was USD 20.37 million compared to USD 51.25 million a year ago.

Basic earnings per share from continuing operations was USD 0.45 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 1.14 a year ago.

Latest news about Sandy Spring Bancorp, Inc.

Tranche Update on Sandy Spring Bancorp, Inc.'s Equity Buyback Plan announced on March 31, 2022.	May. 03	CI
Sandy Spring Bancorp, Inc. Declares Quarterly Common Stock Dividend, Payable on May 15, 2024	Apr. 25	CI
Transcript : Sandy Spring Bancorp, Inc., Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Earnings Flash (SASR) SANDY SPRING BANCORP Posts Q1 EPS $0.49, vs. Street Est of $0.45	Apr. 23	MT
Sandy Spring Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Tranche Update on Sandy Spring Bancorp, Inc.'s Equity Buyback Plan announced on March 31, 2022.	Feb. 20	CI
Sandy Spring Bancorp, Inc. Declares Quarterly Common Stock Dividend, Payable on February 21, 2024	Feb. 01	CI
Transcript : Sandy Spring Bancorp, Inc., Q4 2023 Earnings Call, Jan 23, 2024	Jan. 23
Sandy Spring Bancorp Promotes Treasurer to Succeed Retiring CFO	Jan. 23	MT
Sandy Spring Bancorp's Q4 Core Earnings, Revenue Decline	Jan. 23	MT
Sandy Spring Bancorp, Inc. Appoints Charlie S. Cullum as Deputy Chief Financial Officer	Jan. 23	CI
Sandy Spring Bancorp, Inc. to Appoint Charlie S. Cullum as Chief Financial Officer	Jan. 23	CI
Earnings Flash (SASR) SANDY SPRING BANCORP Posts Q4 EPS $0.60, vs. Street Est of $0.52	Jan. 23	MT
Sandy Spring Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 23	CI
North American Morning Briefing : Stock Futures Steady as Earnings Season Ramps Up	Jan. 23	DJ
Tranche Update on Sandy Spring Bancorp, Inc.'s Equity Buyback Plan announced on March 31, 2022.	Nov. 03	CI
Piper Sandler Cuts Sandy Spring Bancorp's Price Target to $22 From $24, Maintains Neutral Rating	23-10-30	MT
Sandy Spring Bancorp, Inc. Declares Quarterly Common Stock Dividend, Payable on November 15, 2023	23-10-26	CI
Transcript : Sandy Spring Bancorp, Inc., Q3 2023 Earnings Call, Oct 24, 2023	23-10-24
Earnings Flash (SASR) SANDY SPRING BANCORP Reports Q3 EPS $0.62, vs. Street Est of $0.56	23-10-24	MT
Sandy Spring Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-24	CI
Sandy Spring Bancorp, Inc. Reports Net Charge-Off for the Third Quarter Ended September 30, 2023	23-10-24	CI
North American Morning Briefing : Yields Fall -2-	23-10-24	DJ
North American Morning Briefing : Bond Yields Hold -2-	23-10-03	DJ
DA Davidson Downgrades Sandy Spring Bancorp to Neutral From Buy, Cuts Price Target to $22 From $28	23-10-02	MT

Chart Sandy Spring Bancorp, Inc.

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Company Profile

Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company offers a range of commercial and retail banking, mortgage, private banking and trust services at approximately 50 locations throughout central Maryland, northern Virginia, and Washington D.C. It offers a menu of loan products, which include commercial loans, residential real estate loans, and consumer loans. Its commercial loans consist of commercial real estate loans, commercial construction loans and commercial business loans. Its consumer loans include primarily home equity loans and lines, installment loans and personal lines of credit. Its consumer loans include installment loans used by customers to purchase automobiles, boats and recreational vehicles. Through its subsidiaries, SSB Wealth Management, Inc. (d/b/a Rembert Pendleton Jackson) and West Financial Services, Inc., Sandy Spring Bank, offers a comprehensive menu of wealth management services.

Sector

Banks

Calendar

2024-05-06 - Ex-dividend day

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Russell 2000

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Ratings for Sandy Spring Bancorp, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

22.24 USD

Average target price

24.4 USD

Spread / Average Target

+9.71%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

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