Company research
SANDY SPRING BANCORP INC
CIK 824410Updated Sep 27, 2026
Filing activity
Latest filing
50 filings on record · 13F-NT, SCHEDULE 13G/A, 15-12G, 4/A, 4, 8-K.
Recent filings
Financials
FY 2024 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 14,127,480,000Source | 14,028,172,000Source | 13,833,119,000Source | 12,590,726,000Source |
| Property, Plant and Equipment, NetUSD | 55,998,000Source | 59,490,000Source | 67,070,000Source | 59,685,000Source |
| GoodwillUSD | 309,045,000Source | 363,436,000Source | 363,436,000Source | 370,223,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 30,748,000Source | 28,301,000Source | 19,855,000Source | 25,920,000Source |
| Operating Lease, Right-of-Use AssetUSD | 37,706,000Source | 40,362,000Source | 48,910,000Source | 57,872,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 12,569,469,000Source | 12,440,030,000Source | 12,349,351,000Source | 11,071,047,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 45,140,000Source | 44,914,000Source | 44,657,000Source | 45,119,000Source |
| Retained Earnings (Accumulated Deficit)USD | 856,613,000Source | 898,316,000Source | 836,789,000Source | 732,027,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -92,647,000Source | -97,331,000Source | -131,951,000Source | -8,539,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,558,011,000Source | 1,588,142,000Source | 1,483,768,000Source | 1,519,679,000Source |
| Additional Paid in Capital, Common StockUSD | 748,905,000Source | 742,243,000Source | 734,273,000Source | 751,072,000Source |
| Liabilities and EquityUSD | 14,127,480,000Source | 14,028,172,000Source | 13,833,119,000Source | 12,590,726,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | — | — | 1,242,172,000Source | 313,798,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,044,000Source | 7,631,000Source | 7,887,000Source | 5,299,000Source |
| Deferred Income Tax Expense (Benefit)USD | -427,000Source | 5,891,000Source | -9,491,000Source | 12,255,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 83,711,000Source | 137,815,000Source | 216,322,000Source | 216,398,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -190,314,000Source | 178,938,000Source | -1,619,196,000Source | 308,261,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 16,154,000Source | 13,982,000Source | 14,589,000Source | 11,491,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,513,000Source | 1,821,000Source | 2,353,000Source | 1,577,000Source |
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 24,987,000Source | 107,268,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 79,668,000Source | 36,913,000Source | 1,175,086,000Source | -401,642,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -26,935,000Source | 353,666,000Source | -227,788,000Source | 123,017,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 518,963,000Source | 545,898,000Source | 192,232,000Source | 420,020,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 358,943,000Source | 263,473,000Source | 62,240,000Source | 37,847,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,126,000Source | 5,223,000Source | 5,814,000Source | 6,600,000Source |
| Bank Owned Life Insurance IncomeUSD | 7,496,000Source | 4,210,000Source | 3,141,000Source | 3,022,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 0Source | 0Source | -345,000Source | 212,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | -8,157,000Source | 0Source | -560,000Source |
| Other Depreciation and Amortization | — | — | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | 12,000Source | -312,000Source | — | — |
| Equipment ExpenseUSD | 15,924,000Source | 15,675,000Source | 14,779,000Source | 12,883,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 14,192,000Source | -17,561,000Source | 34,372,000Source | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of AssetsUSD | 0Source | 0Source | 16,516,000Source | — |
| Gain (Loss) on Sales of Loans, NetUSD | — | 5,688,000Source | 7,781,000Source | 31,561,000Source |
| GoodwillUSD | 309,045,000Source | 363,436,000Source | 363,436,000Source | 370,223,000Source |
| Goodwill, Impairment LossUSD | 54,391,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 29,026,000Source | 41,291,000Source | 56,059,000Source | 76,552,000Source |
| Net Income (Loss) Attributable to ParentUSD | 19,935,000Source | 122,844,000Source | 166,299,000Source | 235,107,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 19,902,000Source | 122,621,000Source | 165,618,000Source | 233,599,000Source |
| Operating Lease, ExpenseUSD | 10,225,000Source | 10,674,000Source | 10,924,000Source | 12,304,000Source |
| Proceeds from Issuance of Common StockUSD | 1,359,000Source | 2,417,000Source | 2,192,000Source | 5,758,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 224,378,000Source | 160,637,000Source | 240,217,000Source | 369,678,000Source |
| Provision for Loan, Lease, and Other LossesUSD | — | — | — | -1,236,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 14,192,000Source | -17,561,000Source | 34,372,000Source | -45,556,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 48,961,000Source | 164,135,000Source | 222,358,000Source | 311,659,000Source |
| Income Tax Expense (Benefit)USD | 29,026,000Source | 41,291,000Source | 56,059,000Source | 76,552,000Source |
| Net Income (Loss) Attributable to ParentUSD | 19,935,000Source | 122,844,000Source | 166,299,000Source | 235,107,000Source |
| Earnings Per Share, BasicUSD per share | 0.44Source | 2.74Source | 3.69Source | 5Source |
| Earnings Per Share, DilutedUSD per share | 0.44Source | 2.73Source | 3.68Source | 4.98Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,094,000Source | 44,907,000Source | 45,049,000Source | 46,995,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 9,126,000Source | 5,223,000Source | 5,814,000Source | 6,600,000Source |
| Bank Owned Life Insurance IncomeUSD | 7,496,000Source | 4,210,000Source | 3,141,000Source | 3,022,000Source |
| Business Combination, Acquisition Related CostsUSD | 4,164,000Source | 0Source | 1,068,000Source | 45,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.36Source | 1.36Source | 1.36Source | 1.28Source |
| Current Income Tax Expense (Benefit)USD | 29,452,000Source | 35,401,000Source | 65,550,000Source | 64,295,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 0Source | 0Source | -345,000Source | 212,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | 0Source | -8,157,000Source | 0Source | -560,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 26,286,000Source | 22,006,000Source | 11,906,000Source | 14,522,000Source |
| Equipment ExpenseUSD | 15,924,000Source | 15,675,000Source | 14,779,000Source | 12,883,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 14,192,000Source | -17,561,000Source | 34,372,000Source | — |
| Goodwill, Impairment LossUSD | 54,391,000Source | — | — | — |
| Interest ExpenseUSD | — | 282,974,000Source | 68,663,000Source | 25,766,000Source |
| InterestExpenseOperatingUSD | 345,146,000Source | — | — | — |
| Interest Income (Expense), NetUSD | 327,126,000Source | 354,550,000Source | 427,004,000Source | 424,518,000Source |
| Labor and Related ExpenseUSD | 159,858,000Source | 160,192,000Source | 158,504,000Source | 155,830,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 19,902,000Source | 122,621,000Source | 165,618,000Source | 233,599,000Source |
| Operating Lease, ExpenseUSD | 10,225,000Source | 10,674,000Source | 10,924,000Source | 12,304,000Source |
| Other ExpensesUSD | 14,810,000Source | 15,684,000Source | 12,982,000Source | 13,229,000Source |
| Other IncomeUSD | 5,588,000Source | 4,713,000Source | 4,687,000Source | 9,869,000Source |