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, ...

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.08%. A quarter ago, it was expected that this holding company for Sandy Spring Bank would post earnings of $0.48 per share when it actually produced earnings of $0.40, delivering a surprise of -16.67%.Over ...

Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the North American market [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered the European market, with initial sales exceeding expectations [4]. - A new distribution center was opened in Asia to support regional growth [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Topic 3: Product Development - Launched three new products in the tech segment, contributing to a 20% increase in product line revenue [7]. - R&D investment increased by 25% to accelerate innovation and product differentiation [8]. - Customer feedback on the new product line has been overwhelmingly positive, with a 95% satisfaction rate [9]. Topic 4: Operational Efficiency - Implemented a new ERP system, reducing operational costs by 10% [10]. - Streamlined supply chain processes, resulting in a 15% reduction in delivery times [11]. - Employee training programs were enhanced, leading to a 20% improvement in productivity [12]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [13]. - Launched a recycling program that has successfully diverted 50% of waste from landfills [14]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [15]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [16]. - Implemented a new whistleblower policy to ensure ethical practices and compliance [17]. - Conducted annual board evaluations, resulting in a 100% satisfaction rate among shareholders [18].

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 throu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ____________ Commission File Number: 0-19065 SANDY SPRING BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 52-1532952 (State of incorp ...

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this holding company for Sandy Spring Bank would post earnings of $0.45 per share when it actually produced earnings of $0.54, delivering a surprise of 20%.Over the ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE SANDY SPRING BANCORP REPORTS THIRD QUARTER EARNINGS OF $16.2 MILLION OLNEY, MARYLAND, October 21, 2024 — 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 t ...

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 Preside ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ____________ Commission File Number: 0-19065 SANDY SPRING BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 52-1532952 (State of incorporati ...

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Q2 2024 Earnings Conference Call July 23, 2024 2:00 PM ET Company Participants Daniel J. Schrider - President and Chief Executive Officer Aaron Kaslow - General Counsel and Chief Administrative Officer Charlie Cullum - Deputy Chief Financial Officer Conference Call Participants Catherine Mealor - Keefe, Bruyette & Woods Russell Gunther - Stephens Manuel Navas - D.A. Davidson Operator Hello, and welcome to the Sandy Spring Bancorp Incorporated Earnings Conference Call ...