Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Q2 2021 Earnings Conference Call July 22, 2021 2:00 PM ET Company Participants Daniel Schrider - President & Chief Executive Officer Aaron Kaslow - General Counsel Philip Mantua - Chief Financial Officer Conference Call Participants Casey Whitman - Piper Sandler Catherine Mealor - KBW Broderick Preston - Stephens Inc. Erik Zwick - Boenning and Scattergood Operator Good afternoon and welcome to the Sandy Spring Bancorp Earnings Conference Call and Webcast for the Seco ...

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, 2021 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 2021 Results Conference Call April 22, 2021 2:00 PM ET Company Participants Daniel Schrider - President & Chief Executive Officer Aaron Kaslow - General Counsel Philip Mantua - Chief Financial Officer Conference Call Participants Casey Whitman - Piper Sandler Steven Comery - G. Research Catherine Mealor - Keefe, Bruyette, & Woods Erik Zwick - Boenning and Scattergood, Inc Broderick Preston - Stephens Inc Operator Good afternoon, everyone, and welcome to the Sandy ...

1st Quarter Supplemental Information April 22, 2021 1 Loan Accommodations As of March 31, 2021 ($ in millions) Loans with % of Portfolio Balance Payment with Payment Loan Type Outstanding(1) Accommodation Accommodation Commercial & Industrial $1,108 $12 1% Acquisition, Development & Construction $1,053 $19 2% Owner Occupied Real Estate $1,643 $26 2% Investment Real Estate $3,648 $164 4% 2 Total Commercial Loans $7,452 $221 3% | --- | --- | --- | --- | |-----------------------|--------|-------|-------| | | | ...

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 (State or other jurisdiction of incorporation or organization) 17801 Georgia Avenue, Olney, Maryland 20832 (Address of principal executive offices) (Zip Code) For the Fiscal Year Ended December 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-19065 (Exact name of reg ...

Financial Data and Key Metrics Changes - The company reported record net income of $56.7 million or $1.19 per diluted common share for Q4 2020, compared to $28.5 million or $0.80 per diluted common share for Q4 2019, and $44.6 million or $0.94 per diluted common share for Q3 2020 [11] - Total assets grew by 48% to $12.8 billion compared to $8.6 billion in Q4 2019, primarily driven by the Revere Bank acquisition and participation in the PPP [14] - Loans and deposits grew by 55% and 56% respectively, with total loans at year-end of $10.4 billion compared to $6.7 billion at the end of 2019 [15] Business Line Data and Key Metrics Changes - Non-interest income increased by 58% or $13 million compared to the prior year quarter, driven by a 248% increase in mortgage banking activities and a 28% growth in wealth management income [18] - Commercial loans grew 52% or $2.6 billion, excluding PPP loans, while consumer loan growth was 11% [16] - Mortgage origination activity set a company record, exceeding $2 billion for the year, with 57% of production being refinance activity [19] Market Data and Key Metrics Changes - Non-interest-bearing deposits grew by 76%, while interest-bearing deposits grew by 47% [17] - The net interest margin was 3.38% for Q4 2020, stable compared to the same quarter in 2019 [21] - Non-performing loans increased to $115.5 million, representing 1.59% of outstanding loans, compared to $41.3 million or 0.62% at the end of 2019 [29][32] Company Strategy and Development Direction - The company plans to close three branches in Q2 2021 as part of ongoing branch rationalization efforts [52] - Management emphasized the importance of scale and operating leverage for future growth, focusing on enhancing service offerings in commercial enterprises and wealth management [121][126] - The company aims to maintain an efficiency ratio between 48% to 50% in 2021, anticipating a decline in mortgage revenues [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the capital position, with all key metrics holding steady or improving slightly due to strong earnings [49] - The company remains focused on managing expenses and investing in technology for future growth [28] - Management acknowledged the challenges posed by the pandemic but highlighted the resilience shown in integrating acquisitions and supporting clients [9][54] Other Important Information - The company established a contingent liability of $1.6 million to reserve against unfunded commitments due to the adoption of CECIL [26] - The company donated $600,000 to support COVID-19 response efforts at local hospitals [54] - The company has hired over 150 new employees since transitioning to a remote work environment [56] Q&A Session Summary Question: Any unusual activity in the other fee line this quarter? - Management noted heightened activity in extension or commitment fees and a significant amount of swap fee income of about $900,000, suggesting a reasonable run rate for other fees [64][66] Question: What is the outlook for mortgage production? - Management indicated that about 60% of production in the quarter was refinance, with a net gain on sale margin of approximately 278 basis points, which is higher than the previous quarter [71][72] Question: Can you provide details on the hotel book and non-accruals? - Management explained that the majority of deferrals are within the hotel portfolio, with $132 million still in deferral and $180 million having resumed normal payments [76][81] Question: What is the outlook for the margin and balance sheet restructuring? - Management anticipates the margin to remain steady in the high 330 to 340 basis points range, with continued efforts to let high-priced CDs run off [88][90] Question: What are the plans for share buybacks? - Management stated that share buybacks would be opportunistic, based on market conditions rather than a set timeframe [95][96] Question: Any thoughts on M&A activity? - Management indicated that while M&A will continue to be part of the growth strategy, there are no immediate plans for acquisitions in 2021 [98]

Subtitle Copy 4 th Quarter Supplemental Information January 21, 2021 1 Sandy Spring Bancorp — Loan Accommodations As of December 31, 2020 ($ in millions) Balance Loans with % of Portfolio Outstanding(1) Payment with Payment Loan Type at 12/31/2020 Accommodation Accommodation Subtitle Copy Commercial & Industrial $1,214 $12 1% Acquisition, Development & Construction $1,055 $18 2% Owner Occupied Real Estate $1,645 $24 1% Investment Real Estate $3,641 $146 4% 2 Total Commercial Loans $7,556 $200 3% | --- | --- ...

Sandy Spring Bancorp (NASDAQ:SASR) Q3 2020 Earnings Conference Call October 22, 2020 2:00 PM ET Company Participants Daniel Schrider - President & Chief Executive Officer Aaron Kaslow - General Counsel Philip Mantua - Chief Financial Officer Conference Call Participants Steve Comery - G.Research Casey Whitman - Piper Sandler Stuart Lotz - KBW Brody Preston - Stephens, Inc. Eric Zwick - Boenning & Scattergood Operator Good day, and welcome to the Sandy Spring Bancorp, Inc. Earnings Conference Call and Webcas ...

3rd Quarter Supplemental Information October 22, 2020 y Spring Protecting Our Employees, Clients and Community: COVID-19 Response Current State More than 80% of non-branch personnel are continuing to telework. Branch lobbies are open to clients by appointment; a wider range of transactions are being processed through drive-thru facilities. Continue to closely follow CDC guidelines and comprehensive health and safety protocols. Return-to-Work Strategy Entered Phase 1 of the company's Return-to-Work Strategy ...

From Here. For Here. 1 1 From Here. For Here. Investor Presentation 2nd Quarter 2020 September 14, 2020 Forward Looking Statements and Non-GAAP Financial Information Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the securities laws that are based on various facts and derived utilizing important assumptions, present expectations, estimates and projections about Sandy Spring Bancorp, Inc. and its subsidiaries ("Sandy Spring", "SASR" or "the Company") ...