This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this holding company for Sandy Spring Bank would post earnings of $0.46 per share when it actually produced earnings of $0.49, delivering a surprise of 6.52%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Sandy Spring Bancorp has underperformed the market ...

NEWS RELEASE 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 earnings exclude the after-tax impact of amortization of intangibles, investment securities gains or losses and other non-recurring or extraordinary items. The current quarter's increase in net income and core earnings as com ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------|--------------------------|-------------|-------|-------|------------------------|-------------|-------|-------| | | | | | | | | | | | Total loans(2) | 11,384,077 | 303,268 | 5.35 | | 11,397,815 | 285,084 | 5.04 | | | Loans held for sale | 11,320 | 437 | 7.72 | | 12,927 | 459 | 7.10 | | | Taxable securities | 1,194,561 | 13,879 | 2.32 | | 1,293,626 | 13,856 | 2.14 | | | Tax-advantaged s ...

What do the Analysts Think? Looking to Trade Options? What is Implied Volatility? Clearly, options traders are pricing in a big move for Sandy Spring Bancorp shares, but what is the fundamental picture for the company? Currently, Sandy Spring Bancorp is a Zacks Rank #3 (Hold) in the Banks - Northeast industry that ranks in the Bottom 40% of our Zacks Industry Rank. Over the last 60 days, no analyst has increased the earnings estimates for the current quarter, while none dropped the estimates. The net effect ...

McDowell worked closely with MBA leadership to reorganize the association and create Mid-Atlantic Bankers Association, the holding company that consolidates MBA operations with the Virginia Bankers Association and allows the two organizations to combine forces, share resources, and more effectively serve membership. The operating efficiencies achieved with this merger will also enable the associations to divert a greater proportion of their resources to promotion and advocacy, forming a more powerful, unite ...

Sandy Spring Bancorp (SASR) shares ended the last trading session 8.7% higher at $27. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.7% gain over the past four weeks. For Sandy Spring Bancorp, the consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure ...

"Since I joined Sandy Spring Bank 18 years ago, we have grown from a $3 billion operation to a $14 billion financial services company serving the Greater Washington region," said Charles S. Cullum, Chief Financial Officer. "It has been a pleasure to advance my career with this outstanding organization, and I look forward to working with the rest of the executive leadership team to continue to grow the Company by providing superior client service and shareholder value." A photo accompanying this announcement ...

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 EndedMarch 31, 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 incorporat ...

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Q1 2024 Earnings Conference Call April 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 – KBW Casey Whitman – Piper Sandler Russell Gunther – Stephens Manuel Navas – D.A. Davidson Daniel Cardenas – Janney Montgomery Scott Operator Good afternoon, ladies and gent ...

| --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------------------------------------------------------| | • | 1Q 2024 Highlights1 Total core customer deposit growth of $286.6 million (+3%), total deposit growth of $230.7 million | Net | $20.3 million Income Available to Common Equity (-22% vs. 4Q 2023) | | • | Total loans remained flat at $11.4 billion | | | | • ...