STOCK TITAN
  1. Home
  2. News
  3. SASR

Sandy Spring Bancorp - SASR STOCK NEWS

Welcome to our dedicated news page for Sandy Spring Bancorp (Ticker: SASR), a resource for investors and traders seeking the latest updates and insights on Sandy Spring Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sandy Spring Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sandy Spring Bancorp's position in the market.

News
Sandy Spring Bancorp Declares Quarterly Dividend
Rhea-AI Summary
Sandy Spring Bancorp, Inc. declared a quarterly common stock dividend of $0.34 per share, consistent with previous quarters, to be paid on May 15, 2024, to shareholders of record on May 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
dividends
-
News
Sandy Spring Bancorp Reports First Quarter Earnings of $20.4 Million
Rhea-AI Summary
Sandy Spring Bancorp, Inc. reported first-quarter earnings of $20.4 million, with core earnings at $21.9 million. Net income and core earnings declined compared to the previous quarter due to higher provision for credit losses, lower net interest income, and higher non-interest expenses. The total provision for credit losses was $2.4 million for the first quarter of 2024. The company focused on expanding client relationships and maintaining credit quality. Total assets decreased by 1% to $13.9 billion, while deposits increased by 2% to $11.2 billion. Non-interest income grew by 11%, and non-interest expense increased by 1%. Return on average assets was 0.58% for the quarter. The company's non-GAAP efficiency ratio was 66.73% for the first quarter of 2024. Non-performing loans decreased, and total borrowings declined by $353.4 million. The tangible common equity ratio increased to 8.86% at March 31, 2024. The company's total risk-based capital ratio was 15.05%, exceeding regulatory requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.13%
Tags
earnings
-
News
Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 23, 2024
Rhea-AI Summary
Sandy Spring Bancorp, Inc. (SASR) will announce its first quarter earnings on April 23, 2024. The company will hold a conference call to discuss results and answer questions. Investors can participate via webcast or phone, with replays available online and via telephone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
Tags
conferences earnings
News
Sandy Spring Bank Senior Vice President Elected President of Mortgage Trade Association
Rhea-AI Summary
Sandy Spring Bank appoints Malcolm Hollensteiner as President of the Board of Governors for MMBBA, showcasing his extensive experience in financial services and commitment to professional development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
none
-
News
Sandy Spring Bank Donates $50,000 to Local Food Banks to Support Access to Nutritious Food
Rhea-AI Summary
Sandy Spring Bank donates $50,000 to combat hunger in the Greater Washington Region. The bank supports Capital Area Food Bank and Maryland Food Bank with $25,000 each, aiding in their efforts to address food insecurity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
none
-
News
Sandy Spring Bancorp Declares Quarterly Dividend
Rhea-AI Summary
Sandy Spring Bancorp, Inc. (SASR) declared a quarterly common stock dividend of $0.34 per share, consistent with the previous linked quarter and the first quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
dividends
News
Sandy Spring Bancorp Reports Fourth Quarter Earnings of $26.1 Million
Rhea-AI Summary
Sandy Spring Bancorp, Inc. reported net income of $26.1 million for Q4 2023, a decrease from $34.0 million in Q4 2022. Total assets decreased by 1% to $14.0 billion. Total loans increased by $66.7 million, while deposits decreased by $154.5 million. Non-performing loans to total loans were 0.81% at December 31, 2023. Net interest income declined by 4% compared to the previous quarter and 23% compared to Q4 2022. Non-interest expense decreased by 7% compared to the previous quarter. Return on average assets for Q4 2023 was 0.73%, and return on average tangible common equity was 9.26%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
earnings
-
News
Sandy Spring Bancorp, Inc. to Webcast Fourth Quarter Earnings Conference Call on January 23, 2024
Rhea-AI Summary
Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its fourth quarter earnings on Tuesday, January 23, 2024. The company will hold a conference call to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website. An internet-based replay will be available on the Investor Relations page of the website until February 6, 2024. A telephone voice replay will also be available during that same time period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
conferences earnings
-
News
Sandy Spring Bank Opens One Loudoun Location
Rhea-AI Summary
Sandy Spring Bank (SSB) has opened a new full-service branch at One Loudoun in Ashburn, Virginia, to expand its Northern Virginia presence. The branch aims to cater to the financial needs of residents and businesses in the region. With over 16 years of active involvement in the local Loudoun community, SSB is committed to providing convenient banking services and supporting various organizations. The new branch, managed by Friba Bakhtary, offers clients access to online, mobile, and telephone banking, along with no-fee ATMs in the Allpoint network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
none
News
Sandy Spring Bancorp Declares Quarterly Dividend
Rhea-AI Summary
Sandy Spring Bancorp declares quarterly dividend of $0.34 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
dividends
Stock SASR logo
Sandy Spring Bancorp

Nasdaq:SASR

SASR Rankings

#2445 Ranked by Market Cap
#4456 Ranked by Stock Gains
#460 Ranked by Dividends

SASR Stock Data

913.42M
43.41M
3.62%
68.22%
1.28%
Commercial Banking
Finance and Insurance
Link
US
Olney

About SASR

sandy spring bancorp, inc., (nasdaq: sasr) is the holding company for sandy spring bank, the largest locally-headquartered community bank in the greater washington, d.c. region, and has been recognized by forbes as one of the 50 most trustworthy financial companies in america for 12 consecutive years. sandy spring bank traces its origins to 1868 making it one of the oldest banking institutions in the region. 2018 marks the bank’s 150th anniversary of serving the region. independent and community-oriented, sandy spring bank offers a broad range of commercial banking, retail banking, mortgage, insurance, wealth and trust services throughout central maryland, northern virginia, and the greater washington, d.c. market through a network of over 50 banking and financial centers. sandy spring bank offers sophisticated online and mobile banking products for individuals as well as small and mid-sized businesses. through an affiliation with the allpoint atm network, clients have free nationwide