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, 2023 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. 17801 Georgia Avenue, Olney, Maryland 20832 (Address of principal executive office) (Zip Code) 3 ...

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Q2 2023 Earnings Conference Call July 25, 2023 2:00 PM ET Company Participants Daniel Schrider - President and CEO Philip Mantua - CFO Aaron Kaslow - General Counsel & Chief Administrative Officer Conference Call Participants Catherine Mealor - KBW Casey Whitman - Piper Sandler Russell Gunther - Stephens Manuel Navas - D.A Davidson Operator Hello, and welcome to the Sandy Spring Bancorp, Inc. Second Quarter 2023 Earnings Conference Call and Webcast. My name is Alex. ...

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 March 31, 2023 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 2023 Earnings Conference Call April 20, 2023 2:00 PM ET Company Participants Daniel Schrider - Chair, President & Chief Executive Officer Aaron Kaslow - General Counsel & Chief Administrative Officer Phil Mantua - Chief Financial Officer Conference Call Participants Casey Whitman - Piper Sandler Catherine Mealor - KBW Manuel Navas - D.A Davidson Russell Gunther - Stephens Operator Good afternoon, ladies and gentlemen. Welcome to the Sandy Spring Bancorp, Inc. Earn ...

Allowance for Credit Losses - Loans: 1Q 2023 Change Change in economic forecast Change in qualitative adjustments - concentrations/credit Other, net ACL (Dollars in millions) $136.2 $(3.8) $(5.5) $(8.0) $(5.8) $4.5 $117.6 ACL Change in portfolio balances and mix 12/31/22 3/31/23 Change in qualitative adjustmentseconomy B Source: Company documents 26 Strong Credit Culture and Performance (0.01)% (0.02)% Non-performing Assets / Assets Annualized Net Charge-Offs (Recoveries) / Average Loans 0.37% 0.33% 0.33% 0 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-19065 SANDY SPRING BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 52-1532952 (State or other jurisdiction of incorporation or organization) 17801 Georgi ...

Financial Performance - The company reported net income of $34 million or $0.76 per diluted common share for Q4 2022, down from $45.4 million or $0.99 per diluted common share in Q4 2021 and slightly up from $33.6 million or $0.75 per diluted common share in Q3 2022 [7] - Core earnings were $35.3 million or $0.79 per diluted common share, compared to $46.6 million or $1.2 per diluted common share in Q4 2021 and $35.7 million or $0.80 per diluted common share in Q3 2022 [8] - Pre-tax, pre-provision income was $56.6 million, down from $64.1 million in the linked quarter and $61.7 million in the prior year quarter [9] - The provision for credit losses was a charge of $10.8 million, significantly higher than $1.6 million in Q4 2021 and lower than $18.9 million in Q3 2022 [9][10] Balance Sheet and Loan Growth - Total assets grew 10% to $13.8 billion compared to $12.6 billion in the prior year quarter, with total loans (excluding PPP) increasing 16% to $11.4 billion [11] - Gross commercial loan production over the past 12 months was $3.9 billion, with $2.5 billion funded, offsetting a $1.2 billion non-PPP commercial loan run-off [12] - Commercial run-off in Q4 was 38% lower than the linked quarter and 45% lower than the prior year quarter, with an annualized run-off rate of 10% [13] Business Lines and Market Focus - The company is diversifying its lending concentration by attracting more commercial and industrial (C&I) relationships while continuing to serve commercial real estate (CRE) clients [14] - C&I growth has outpaced CRE growth for the first time in many quarters, with expectations for C&I owner-occupied growth of 2% to 3% per quarter starting in Q2 2023 [15] - The commercial pipeline was at $944 million, down from $1.3 billion in the linked quarter, indicating a shift in focus to C&I lending [16] Interest Margin and Funding - The net interest margin was 3.26%, down from 3.51% in Q4 2021 and 3.53% in Q3 2022, attributed to rising rates on interest-bearing liabilities [18] - The company anticipates further decline in the margin to 3.10% to 3.15% in Q1 2023, with potential recovery later in the year [19] - Deposits grew 3% year-over-year, with interest-bearing deposits increasing by 6% [16] Management Commentary and Future Outlook - Management noted a challenging operating environment with high inflation and rapid interest rate increases, but indicated no trends suggesting credit quality deterioration [5][31] - The company expects overall loan growth for the year to be in the mid-single digits, weighted towards the latter half of the year [23] - Management is actively working on initiatives to enhance deposit relationships and has launched a new online account opening platform [25] Other Important Information - The allowance for credit losses was $136.2 million, or 1.2% of outstanding loans, compared to $128.3 million or 1.14% in the previous quarter [34] - The tangible common equity ratio decreased to 8.18% of tangible assets, down from 9.21% a year earlier [35] - The company announced the retirement of its President of Commercial Banking, Ken Cook, who will join the Board of Directors [37] Q&A Session Summary Question: Margin and Loan Growth - Analysts inquired about the potential rebound of the margin if the Fed pauses rate increases, with management suggesting a possible increase of 5 to 10 basis points per quarter [43] - Questions were raised regarding the impact of deposit growth on margin expansion, with management emphasizing the need for core deposit growth [43][44] Question: Office Exposure - Analysts asked about the company's total office exposure, which is approximately $840 million, with a focus on suburban office spaces rather than urban [46] - Management confirmed no downgrades in the office portfolio and highlighted strong cash flow coverages [50] Question: Non-Interest-Bearing Deposits - Questions were raised about the decline in non-interest-bearing deposits, with management indicating that they may have bottomed out and could rebound [72][76] - Analysts also inquired about competitive pressures in the market, with management stating that competition remains strong but stable [79]

Investor Real Estate $ 45,289 $ 50,813 $ 56,794 $ 64,169 $ 64,737 Commercial AD&C 20,322 18,459 13,383 16,847 18,646 Commercial Business 23,170 21,771 22,238 24,826 28,027 Total Commercial 100,468 101,903 103,199 116,941 123,056 Residential Mortgage 5,384 5,722 7,254 8,063 9,424 Residential Construction 1,048 889 1,141 1,226 1,337 Consumer 2,245 2,074 2,076 2,038 2,425 Total Residential and Consumer 8,677 8,685 10,471 11,327 13,186 Allowance for Credit Losses $ 109,145 $ 110,588 $ 113,670 $ 128,268 $ 136,24 ...

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, 2022 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 ...

3rd Quarter 2022 Earnings Presentation October 20, 2022 1 Forward Looking Statements 3 Sandy Spring Bancorp's forward-looking statements are subject to the following principal risks and uncertainties: risks, uncertainties and other factors relating to the COVID-19 pandemic, including the effect of the pandemic on our borrowers and their ability to make payments on their obligations, the effectiveness of vaccination programs, and the effect of remedial actions and stimulus measures adopted by federal, state ...