Bank Director released its annual RankingBanking report and Sandy Spring Bancorp ranked #23 overall in 2022. Every year, Bank Director ranks the 300 largest publicly traded banks. Formerly dubbed the Bank Performance Scorecard, the RankingBanking study identifies the top 25 banks overall and ranks institutions by asset group.
“I am proud of our dedicated employees for providing outstanding personal service to each of our clients,” said Daniel J. Schrider, President and CEO of Sandy Spring Bank. “This recognition is important because it demonstrates that the financial world understands the important work we are doing and the value that we are bringing to both our clients and shareholders.”
Piper Sandler & Co. compiles the annual list, ranking each bank by metrics that examine profitability, asset quality and capital adequacy; the scores are then added up with an equal weighting for each, determining a final score. This year the best banks were ranked overall and by asset size. The study is sponsored by Crowe LLP.