Company Reorganizes and Prepares for Future Growth Sandy Spring Bank today announced a series of leadership appointments and promotions. The individuals stepping into these executive and division executive roles will play a critical role in helping to develop future talent, build the Bank’s capacity, improve operational processes and grow the...
Year-Over-Year Operating Earnings Increase 49% Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported record net income of $44.6 million ($0.94 per diluted common share) for the third quarter of 2020. The current quarter’s result compares to net income of $29.4 million ($0.82 per diluted common share) for the third quarter of 2019 and a loss of $14.3 million ($0.31 per diluted common share) for the second quarter of 2020.
Improved Economic Forecast Drives $35 Million Provision CreditSandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported net income of $75.5 million ($1.58 per diluted common share) for the first quarter of 2021. The current quarter’s result compares to net income of $10.0 million ($0.28 per diluted common share) for the first quarter of 2020 and net income of $56.7 million ($1.19 per diluted common share) for the fourth quarter of 2020.
Sandy Spring Bank is pleased to release our first annual Corporate Responsibility Report for 2020. Companies are most successful when they operate for the benefit of all their stakeholders – clients, employees, suppliers, vendors and communities – and not just their owners and shareholders. This report goes beyond our financial...
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For the first time, Sandy Spring Bank has been named one of America’s Best Banks by Forbes. The list ranks the 100 largest publicly traded banks and thrifts by assets on various metrics, including growth, credit quality and profitability. Sandy Spring Bank ranked 45 out of 100 banks and was the only Maryland-based bank to make the list.
We hope you and your families are safe and well. As the distribution of COVID-19 vaccinations continues throughout our region, we want to provide an update on our phased approach to reopening.
Client Demand Drives Opening of New Full-Service Community Office Sandy Spring Bank today announced the opening of a new full-service community office at 647 New York Avenue in Washington, D.C. The branch, located near the Washington Convention Center and Mt. Vernon/7th Street/Convention Center Metro Station, will help meet the growing...