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Sandy Spring Bancorp (SASR) Financials

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Annual Income Statements for Sandy Spring Bancorp

Annual Income Statements for Sandy Spring Bancorp

This table shows Sandy Spring Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 38 45 48 53 101 116 97 235 166 123 20
Consolidated Net Income / (Loss)		 38 45 48 53 101 116 97 235 166 123 20
Net Income / (Loss) Continuing Operations		 38 45 48 53 101 116 97 235 166 123 20
Total Pre-Tax Income 		56 67 72 88 133 153 124 312 222 164 49
Total Revenue		 176 188 201 220 321 337 466 527 514 422 406
Net Interest Income / (Expense)		 130 138 150 169 260 265 363 425 427 355 327
Total Interest Income		 148 158 171 195 324 348 424 450 496 638 672
Loans and Leases Interest Income		 124 136 151 172 294 318 395 425 463 581 611
Investment Securities Interest Income		 25 22 19 22 28 28 28 25 30 34 36
Deposits and Money Market Investments Interest Income		 0.09 0.10 0.21 0.41 1.30 2.13 0.45 0.73 2.67 22 25
Federal Funds Sold and Securities Borrowed Interest Income		 0.00 0.00 0.01 0.03 0.03 0.01 0.00 0.00 0.01 0.02 0.01
Total Interest Expense		 19 20 21 26 64 83 60 26 69 283 345
Deposits Interest Expense		 4.79 5.88 8.16 13 39 62 42 15 44 225 303
Long-Term Debt Interest Expense		 14 14 13 12 23 20 17 11 22 43 37
Federal Funds Purchased and Securities Sold Interest Expense		 0.16 0.26 0.29 0.34 1.17 1.16 1.97 0.18 2.93 14 5.26
Total Non-Interest Income		 47 50 51 51 61 71 103 102 87 67 79
Other Service Charges		 42 44 47 48 57 68 99 99 68 63 72
Net Realized & Unrealized Capital Gains on Investments		 0.01 0.04 1.93 1.27 0.19 0.08 0.47 0.21 16 0.00 0.00
Other Non-Interest Income		 4.44 5.69 2.46 2.40 4.33 3.17 2.87 3.02 3.14 4.21 7.50
Provision for Credit Losses		 -0.16 5.37 5.55 2.98 9.02 4.68 86 -46 34 -18 14
Total Non-Interest Expense		 121 115 123 129 180 179 256 260 257 275 343
Salaries and Employee Benefits		 66 71 71 73 97 104 134 156 159 160 160
Net Occupancy & Equipment Expense		 24 24 25 26 34 38 42 44 44 46 48
Marketing Expense		 2.93 2.90 2.85 3.12 3.92 4.46 4.28 4.73 5.20 5.10 5.36
Property & Liability Insurance Claims		 2.30 2.49 2.74 3.31 5.10 2.26 4.73 4.29 4.79 9.46 11
Other Operating Expenses		 25 15 21 20 26 27 39 45 38 49 51
Amortization Expense		 0.82 0.37 0.13 0.10 2.16 1.95 6.22 6.60 5.81 5.22 9.13
Impairment Charge		 - - - - - - - - 0.00 0.00 54
Restructuring Charge		 - 0.00 0.00 4.25 12 1.31 25 0.05 1.07 0.00 4.16
Income Tax Expense		 18 22 24 35 32 36 27 77 56 41 29
Basic Earnings per Share		 $1.53 $1.84 $2.00 $2.20 $2.82 $3.25 $2.19 $5.00 $3.69 $2.74 $0.44
Weighted Average Basic Shares Outstanding		 25.14M 24.70M 24.15M 24.21M 35.80M 35.80M 47.10M 45.13M 44.67M 44.94M 45.14M
Diluted Earnings per Share		 $1.52 $1.84 $2.00 $2.20 $2.82 $3.25 $2.18 $4.98 $3.68 $2.73 $0.44
Weighted Average Diluted Shares Outstanding		 25.14M 24.70M 24.15M 24.21M 35.80M 35.80M 47.10M 45.13M 44.67M 44.94M 45.14M
Weighted Average Basic & Diluted Shares Outstanding		 25.14M 24.70M 24.15M 24.21M 35.80M 35.80M 47.10M 45.13M 44.67M 44.94M 45.14M
Cash Dividends to Common per Share		 $0.76 $0.90 $0.98 $1.04 $1.10 $1.18 $1.20 $1.28 $1.36 $1.36 $1.36

Quarterly Income Statements for Sandy Spring Bancorp

This table shows Sandy Spring Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 55 34 34 51 25 21 26 20 23 16 -39
Consolidated Net Income / (Loss)		 55 34 34 51 25 21 26 20 23 16 -39
Net Income / (Loss) Continuing Operations		 55 34 34 51 25 21 26 20 23 16 -39
Total Pre-Tax Income 		73 45 46 68 33 28 35 27 31 22 -31
Total Revenue		 141 130 121 113 108 102 98 98 100 101 108
Net Interest Income / (Expense)		 106 113 107 97 90 85 82 79 80 81 86
Total Interest Income		 114 130 145 151 158 162 166 166 165 170 171
Loans and Leases Interest Income		 106 121 135 140 145 148 149 151 152 155 154
Investment Securities Interest Income		 7.18 8.16 8.56 8.78 8.64 8.49 8.30 8.46 9.04 9.20 9.52
Deposits and Money Market Investments Interest Income		 0.36 0.77 1.43 2.69 4.92 6.37 8.46 6.79 4.42 6.19 8.00
Total Interest Expense		 7.96 17 39 54 68 77 84 87 85 89 85
Deposits Interest Expense		 3.80 9.49 28 41 51 63 70 73 74 79 76
Long-Term Debt Interest Expense		 3.96 7.00 8.68 11 12 10 10 9.92 9.37 8.95 8.48
Federal Funds Purchased and Securities Sold Interest Expense		 0.20 0.98 1.70 2.10 4.19 4.08 4.08 3.39 1.05 0.45 0.37
Total Non-Interest Income		 35 17 14 16 17 17 17 18 20 20 22
Other Service Charges		 18 16 14 15 16 17 15 17 18 18 18
Other Non-Interest Income		 0.70 0.69 0.95 0.91 1.25 0.85 1.21 1.16 1.82 1.31 3.21
Provision for Credit Losses		 3.05 19 11 -22 5.06 2.37 -3.45 2.39 1.02 6.32 4.47
Total Non-Interest Expense		 65 66 64 66 69 72 67 68 68 73 134
Salaries and Employee Benefits		 40 40 39 39 41 45 35 37 38 41 44
Net Occupancy & Equipment Expense		 11 11 11 11 11 11 12 12 12 12 12
Marketing Expense		 1.28 1.37 1.35 1.54 1.59 0.73 1.24 0.74 1.29 1.32 2.01
Property & Liability Insurance Claims		 1.08 1.27 1.46 2.14 2.38 2.33 2.62 2.91 2.95 2.77 2.76
Other Operating Expenses		 9.69 10 9.40 11 12 12 15 14 12 14 12
Amortization Expense		 1.47 1.43 1.41 1.31 1.27 1.25 1.40 2.07 2.14 2.32 2.60
Income Tax Expense		 18 12 12 17 8.71 6.89 8.46 6.94 7.94 5.67 8.48
Basic Earnings per Share		 $1.21 $0.75 $0.76 $1.14 $0.55 $0.46 $0.59 $0.45 $0.51 $0.36 ($0.88)
Weighted Average Basic Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Diluted Earnings per Share		 $1.21 $0.75 $0.76 $1.14 $0.55 $0.46 $0.58 $0.45 $0.51 $0.36 ($0.88)
Weighted Average Diluted Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Weighted Average Basic & Diluted Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Cash Dividends to Common per Share		 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34

Annual Cash Flow Statements for Sandy Spring Bancorp

This table details how cash moves in and out of Sandy Spring Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 22 -23 61 -22 -11 45 151 123 -228 354 -27
Net Cash From Operating Activities		 54 51 91 69 148 100 142 216 216 138 84
Net Cash From Continuing Operating Activities		 54 51 91 69 148 100 142 216 216 138 84
Net Income / (Loss) Continuing Operations		 38 45 48 53 101 116 97 235 166 123 20
Consolidated Net Income / (Loss)		 38 45 48 53 101 116 97 235 166 123 20
Provision For Loan Losses		 -0.16 5.37 5.55 2.98 9.02 4.68 86 -46 34 -18 14
Depreciation Expense		 7.16 7.31 7.96 7.98 13 13 20 15 12 22 26
Non-Cash Adjustments to Reconcile Net Income		 0.27 -2.39 40 12 22 -26 -51 55 9.37 15 51
Changes in Operating Assets and Liabilities, net		 8.20 -4.46 -11 -6.55 3.65 -8.86 -9.64 -42 -5.62 -4.10 -28
Net Cash From Investing Activities		 -262 -292 -423 -392 -505 -241 -1,200 308 -1,619 179 -190
Net Cash From Continuing Investing Activities		 -262 -292 -423 -392 -505 -241 -1,200 308 -1,619 179 -190
Purchase of Property, Leasehold Improvements and Equipment		 -8.56 -8.57 -5.80 -7.44 -10 -5.15 -5.04 -11 -15 -14 -16
Purchase of Investment Securities		 -347 -420 -763 -553 -812 -327 -664 -933 -498 6.90 -259
Divestitures		 - - - - 32 0.00 0.00 0.00 24 0.00 0.00
Sale and/or Maturity of Investments		 93 137 346 168 285 90 -611 1,253 -1,131 186 85
Net Cash From Financing Activities		 230 217 394 301 346 186 1,209 -402 1,175 37 80
Net Cash From Continuing Financing Activities		 230 217 394 301 346 186 1,209 -402 1,175 37 80
Net Change in Deposits		 189 197 314 386 340 525 1,270 596 331 44 750
Issuance of Debt		 1,805 2,274 2,665 3,965 5,477 2,298 400 0.00 2,727 2,030 0.00
Issuance of Common Equity		 0.39 1.17 1.58 1.20 1.40 1.43 2.00 5.76 2.19 2.42 1.36
Repayment of Debt		 -1,765 -2,244 -2,565 -4,019 -5,634 -2,458 -713 -432 -1,977 -2,030 -300
Repurchase of Common Equity		 -0.91 -23 -13 0.00 0.00 -24 -26 -107 -25 0.00 0.00
Payment of Dividends		 -19 -22 -24 -25 -39 -42 -53 -60 -61 -61 -62
Other Financing Activities, Net		 21 34 15 -6.71 200 -115 329 -404 179 51 -310
Cash Interest Paid		 19 20 21 26 61 84 63 38 62 263 359
Cash Income Taxes Paid		 15 21 22 32 26 34 56 72 62 36 25

Quarterly Cash Flow Statements for Sandy Spring Bancorp

This table details how cash moves in and out of Sandy Spring Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -332 38 -67 303 -66 287 -172 -136 -3.68 344 -231
Net Cash From Operating Activities		 36 69 46 31 23 53 31 7.08 14 33 31
Net Cash From Continuing Operating Activities		 36 69 46 31 23 53 31 7.08 14 33 31
Net Income / (Loss) Continuing Operations		 55 34 34 51 25 21 26 20 23 16 -39
Consolidated Net Income / (Loss)		 55 34 34 51 25 21 26 20 23 16 -39
Provision For Loan Losses		 3.05 19 11 -22 5.06 2.37 -3.45 2.39 1.02 6.32 4.47
Depreciation Expense		 2.98 2.92 2.98 5.69 5.26 5.37 5.69 6.34 6.33 6.52 7.09
Non-Cash Adjustments to Reconcile Net Income		 -23 6.38 -1.12 5.11 -2.79 1.84 10 -2.24 0.78 -2.46 55
Changes in Operating Assets and Liabilities, net		 -1.25 7.14 -0.75 -9.09 -9.40 23 -8.15 -20 -17 6.00 3.64
Net Cash From Investing Activities		 -674 -483 -128 34 72 115 -42 -5.03 -117 -17 -51
Net Cash From Continuing Investing Activities		 -674 -483 -128 34 72 115 -42 -5.03 -117 -17 -51
Purchase of Property, Leasehold Improvements and Equipment		 -4.17 -2.95 -4.02 -3.83 -3.50 -2.58 -4.07 -5.73 -2.56 -4.51 -3.35
Purchase of Investment Securities		 -775 -546 1,230 -9.17 33 66 -84 -47 -170 -70 28
Sale and/or Maturity of Investments		 82 67 -1,353 47 42 51 46 47 56 57 -75
Net Cash From Financing Activities		 306 451 15 238 -161 120 -161 -138 100 328 -211
Net Cash From Continuing Financing Activities		 306 451 15 238 -161 120 -161 -138 100 328 -211
Net Change in Deposits		 117 -219 204 123 -117 192 -154 231 113 398 8.02
Issuance of Common Equity		 0.54 0.44 0.41 0.72 0.80 0.53 0.37 0.46 0.49 0.30 0.11
Repayment of Debt		 -172 -705 -1,100 -1,280 -700 -50 - -50 - -50 -200
Payment of Dividends		 -15 -15 -15 -15 -15 -15 -15 -15 -16 -15 -15
Other Financing Activities, Net		 53 21 116 -70 121 -7.93 8.45 -304 2.05 -4.27 -3.85
Cash Interest Paid		 8.08 14 35 53 68 50 93 95 93 84 87
Cash Income Taxes Paid		 - 17 20 - - 4.60 8.60 - - 7.10 6.46

Annual Balance Sheets for Sandy Spring Bancorp

This table presents Sandy Spring Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,397 4,655 5,091 5,447 8,243 8,629 12,798 12,591 13,833 14,028 14,127
Cash and Due from Banks		 53 47 53 56 67 82 94 66 88 82 81
Federal Funds Sold		 0.47 0.47 1.95 2.85 0.61 0.21 0.29 0.31 0.19 0.25 0.00
Interest Bearing Deposits at Other Banks		 43 25 79 54 34 63 203 354 104 463 438
Trading Account Securities		 892 800 734 730 937 1,073 1,348 1,507 69 312 277
Loans and Leases, Net of Allowance		 3,090 3,454 3,884 4,269 6,518 -56 -165 9,858 11,260 11,246 11,404
Loans and Leases		 3,127 3,495 3,928 4,314 6,572 - - 9,967 11,397 11,367 11,538
Allowance for Loan and Lease Losses		 38 41 44 45 53 56 165 109 136 121 134
Premises and Equipment, Net		 49 53 54 55 62 59 58 60 60 59 56
Goodwill		 84 84 86 86 347 347 370 370 363 363 309
Intangible Assets		 0.51 0.14 0.68 0.58 9.79 7.84 33 26 27 28 31
Other Assets		 185 190 200 195 267 7,052 10,780 350 1,861 1,473 1,532
Total Liabilities & Shareholders' Equity		 4,397 4,655 5,091 5,447 8,243 8,629 12,798 12,591 13,833 14,028 14,127
Total Liabilities		 3,875 4,131 4,558 4,883 7,175 7,496 11,328 11,071 12,349 12,440 12,569
Non-Interest Bearing Deposits		 994 1,002 1,138 1,264 1,750 1,892 3,326 3,780 3,673 2,914 2,805
Interest Bearing Deposits		 2,073 2,262 2,439 2,699 4,165 4,548 6,708 6,845 7,280 8,082 8,941
Short-Term Debt		 - - - - - - - - 62 75 69
Accrued Interest Payable		 44 38 35 34 47 119 146 133 154 148 133
Long-Term Debt		 690 720 820 766 886 723 606 173 920 1,221 621
Total Equity & Noncontrolling Interests		 522 524 534 564 1,068 1,133 1,470 1,520 1,484 1,588 1,558
Total Preferred & Common Equity		 522 524 534 564 1,068 1,133 1,470 1,520 1,484 1,588 1,558
Total Common Equity		 522 524 534 564 1,068 1,133 1,470 1,520 1,484 1,588 1,558
Common Stock		 220 200 190 192 642 622 894 796 779 787 794
Retained Earnings		 303 326 350 378 442 516 557 732 837 898 857
Accumulated Other Comprehensive Income / (Loss)		 -0.82 -1.30 -6.61 -6.86 -16 -4.33 19 -8.54 -132 -97 -93

Quarterly Balance Sheets for Sandy Spring Bancorp

This table presents Sandy Spring Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 13,303 13,766 14,129 13,995 14,135 13,888 14,008 14,383
Cash and Due from Banks		 84 89 93 96 80 79 84 110
Federal Funds Sold		 0.29 0.21 0.24 0.24 0.25 0.24 0.00 0.00
Interest Bearing Deposits at Other Banks		 137 170 403 333 637 331 322 641
Trading Account Securities		 1,321 77 1,274 320 76 73 300 71
Loans and Leases, Net of Allowance		 10,673 11,091 11,278 11,249 11,177 11,241 11,358 11,360
Loans and Leases		 10,786 11,219 11,395 11,370 11,300 11,364 11,484 11,492
Allowance for Loan and Lease Losses		 114 128 118 120 123 123 126 131
Premises and Equipment, Net		 63 65 69 71 72 60 58 57
Goodwill		 363 363 363 363 363 363 363 363
Intangible Assets		 23 21 19 17 16 30 30 31
Other Assets		 639 1,890 630 1,543 1,713 1,710 1,492 1,728
Total Liabilities & Shareholders' Equity		 13,303 13,766 14,129 13,995 14,135 13,888 14,008 14,383
Total Liabilities		 11,826 12,314 12,592 12,456 12,597 12,299 12,409 12,754
Non-Interest Bearing Deposits		 4,129 3,993 3,229 3,080 3,014 2,818 2,931 2,903
Interest Bearing Deposits		 6,840 6,756 7,847 7,879 8,137 8,409 8,409 8,835
Short-Term Debt		 - - - 75 67 72 75 71
Accrued Interest Payable		 126 148 143 152 159 129 123 125
Long-Term Debt		 545 1,210 1,120 1,271 1,221 871 871 821
Total Equity & Noncontrolling Interests		 1,477 1,452 1,537 1,539 1,538 1,589 1,599 1,629
Total Preferred & Common Equity		 1,477 1,452 1,537 1,539 1,538 1,589 1,599 1,629
Total Common Equity		 1,477 1,452 1,537 1,539 1,538 1,589 1,599 1,629
Common Stock		 775 777 780 783 786 789 790 793
Retained Earnings		 800 818 873 882 888 903 911 911
Accumulated Other Comprehensive Income / (Loss)		 -97 -143 -116 -126 -135 -103 -102 -76

Annual Metrics And Ratios for Sandy Spring Bancorp

This table displays calculated financial ratios and metrics derived from Sandy Spring Bancorp's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -0.57% 6.62% 6.64% 9.68% 46.13% 4.71% 38.39% 13.03% -2.38% -17.97% -3.60%
EBITDA Growth		 -16.09% 18.67% 7.04% 19.97% 51.39% 14.50% -13.21% 126.05% -28.18% -20.54% -59.58%
EBIT Growth		 -16.72% 20.80% 6.84% 22.15% 50.89% 15.20% -18.60% 150.48% -28.65% -26.18% -70.17%
NOPAT Growth		 -14.01% 18.73% 6.38% 10.28% 89.56% 15.44% -16.73% 142.50% -29.27% -26.13% -83.77%
Net Income Growth		 -14.01% 18.73% 6.38% 10.28% 89.56% 15.44% -16.73% 142.50% -29.27% -26.13% -83.77%
EPS Growth		 -14.12% 21.05% 8.70% 10.00% 28.18% 15.25% -32.92% 128.44% -26.10% -25.82% -83.88%
Operating Cash Flow Growth		 -44.18% -4.63% 76.83% -23.30% 112.69% -32.31% 42.06% 52.41% -0.04% -36.29% -39.26%
Free Cash Flow Firm Growth		 86.66% 152.42% -580.28% 226.66% -778.61% 140.93% -157.42% 603.08% -198.13% 51.39% 322.09%
Invested Capital Growth		 5.43% 2.70% 8.77% -1.77% 46.95% -5.00% 11.85% -18.48% 45.71% 16.95% -22.04%
Revenue Q/Q Growth		 0.32% 1.87% 1.67% 2.08% 8.21% 1.40% 11.29% -0.80% -1.32% -5.11% 2.39%
EBITDA Q/Q Growth		 -1.76% 8.86% 1.47% 0.03% 11.62% 1.90% 37.54% -4.68% -6.05% -4.36% -46.01%
EBIT Q/Q Growth		 -1.56% 9.67% 1.44% 0.01% 11.71% 1.98% 43.67% -4.54% -6.05% -6.39% -57.24%
NOPAT Q/Q Growth		 -1.20% 8.76% 1.08% -8.67% 20.70% 2.55% 41.03% -4.57% -6.43% -6.03% -76.68%
Net Income Q/Q Growth		 -1.20% 8.76% 1.08% -8.67% 20.70% 2.55% 41.03% -4.57% -6.43% -6.03% -76.68%
EPS Q/Q Growth		 -0.65% 8.88% 1.52% -8.71% 15.10% 2.52% 28.24% -4.96% -6.36% -6.19% -76.84%
Operating Cash Flow Q/Q Growth		 -3.28% -9.51% 43.21% -23.93% 27.03% 15.31% 1.90% 1.45% -7.24% -9.95% -0.19%
Free Cash Flow Firm Q/Q Growth		 13.17% 210.36% -161.09% 443.05% 21.37% -41.36% 63.36% -1.29% 20.67% -808.12% 68.19%
Invested Capital Q/Q Growth		 8.64% 6.49% 21.22% 11.05% 0.38% 9.52% -1.10% -1.53% -7.36% 2.08% -10.81%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 35.68% 39.71% 39.86% 43.59% 45.17% 49.39% 30.97% 61.94% 45.57% 44.15% 18.51%
EBIT Margin		 31.62% 35.82% 35.89% 39.97% 41.27% 45.41% 26.71% 59.19% 43.26% 38.93% 12.05%
Profit (Net Income) Margin		 21.65% 24.11% 24.05% 24.18% 31.37% 34.59% 20.81% 44.65% 32.35% 29.14% 4.90%
Tax Burden Percent		 68.48% 67.31% 67.02% 60.51% 76.02% 76.17% 77.92% 75.44% 74.79% 74.84% 40.72%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 31.52% 32.69% 32.98% 39.49% 23.98% 23.83% 22.08% 24.56% 25.21% 25.16% 59.28%
Return on Invested Capital (ROIC)		 3.24% 3.69% 3.71% 3.97% 6.14% 6.11% 4.93% 12.48% 8.00% 4.59% 0.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.24% 3.69% 3.71% 3.97% 6.14% 6.11% 4.93% 12.48% 8.00% 4.59% 0.78%
Return on Net Nonoperating Assets (RNNOA)		 4.25% 4.98% 5.41% 5.73% 6.22% 4.47% 2.52% 3.25% 3.08% 3.41% 0.49%
Return on Equity (ROE)		 7.48% 8.67% 9.12% 9.70% 12.36% 10.58% 7.45% 15.73% 11.07% 8.00% 1.27%
Cash Return on Invested Capital (CROIC)		 -2.05% 1.03% -4.69% 5.75% -31.88% 11.24% -6.26% 32.84% -29.21% -11.04% 25.55%
Operating Return on Assets (OROA)		 1.31% 1.49% 1.48% 1.67% 1.94% 1.81% 1.16% 2.46% 1.68% 1.18% 0.35%
Return on Assets (ROA)		 0.90% 1.00% 0.99% 1.01% 1.47% 1.38% 0.90% 1.85% 1.26% 0.88% 0.14%
Return on Common Equity (ROCE)		 7.48% 8.67% 9.12% 9.70% 12.36% 10.58% 7.45% 15.73% 11.07% 8.00% 1.27%
Return on Equity Simple (ROE_SIMPLE)		 7.32% 8.65% 9.04% 9.44% 9.45% 10.28% 6.60% 15.47% 11.21% 7.74% 1.28%
Net Operating Profit after Tax (NOPAT)		 38 45 48 53 101 116 97 235 166 123 20
NOPAT Margin		 21.65% 24.11% 24.05% 24.18% 31.37% 34.59% 20.81% 44.65% 32.35% 29.14% 4.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 52.79% 51.99% 49.57% 46.27% 42.06% 43.42% 38.88% 38.90% 40.45% 50.03% 52.36%
Operating Expenses to Revenue		 68.47% 61.32% 61.35% 58.68% 55.92% 53.20% 54.90% 49.47% 50.05% 65.24% 84.46%
Earnings before Interest and Taxes (EBIT)		 56 67 72 88 133 153 124 312 222 164 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 63 75 80 96 145 166 144 326 234 186 75
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.87 0.90 1.33 1.27 0.82 0.97 0.88 1.27 0.94 0.72 0.97
Price to Tangible Book Value (P/TBV)		 1.04 1.07 1.59 1.50 1.23 1.41 1.21 1.71 1.28 0.96 1.24
Price to Revenue (P/Rev)		 2.58 2.51 3.55 3.25 2.72 3.26 2.77 3.65 2.73 2.73 3.71
Price to Earnings (P/E)		 11.90 10.42 14.75 13.43 8.68 9.43 13.30 8.18 8.42 9.37 75.58
Dividend Yield		 4.19% 4.64% 3.29% 3.49% 4.46% 3.83% 4.38% 3.04% 4.33% 5.31% 4.07%
Earnings Yield		 8.41% 9.60% 6.78% 7.45% 11.52% 10.60% 7.52% 12.22% 11.87% 10.67% 1.32%
Enterprise Value to Invested Capital (EV/IC)		 0.87 0.90 1.03 1.03 0.85 0.90 0.77 0.99 0.89 0.66 0.75
Enterprise Value to Revenue (EV/Rev)		 5.94 5.95 6.97 6.22 5.16 4.98 3.43 3.18 4.26 4.51 4.13
Enterprise Value to EBITDA (EV/EBITDA)		 16.65 14.99 17.48 14.26 11.43 10.08 11.08 5.14 9.35 10.21 22.30
Enterprise Value to EBIT (EV/EBIT)		 18.79 16.62 19.41 15.56 12.51 10.96 12.85 5.38 9.85 11.58 34.27
Enterprise Value to NOPAT (EV/NOPAT)		 27.44 24.69 28.96 25.71 16.46 14.39 16.49 7.13 13.17 15.47 84.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.53 21.88 15.44 19.71 11.24 16.76 11.26 7.75 10.13 13.79 20.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 88.32 0.00 17.74 0.00 7.82 0.00 2.71 0.00 0.00 2.56
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.32 1.37 1.54 1.36 0.83 0.64 0.41 0.11 0.66 0.82 0.44
Long-Term Debt to Equity		 1.32 1.37 1.54 1.36 0.83 0.64 0.41 0.11 0.62 0.77 0.40
Financial Leverage		 1.31 1.35 1.46 1.45 1.01 0.73 0.51 0.26 0.38 0.74 0.63
Leverage Ratio		 8.33 8.65 9.21 9.60 8.39 7.67 8.23 8.49 8.80 9.07 8.95
Compound Leverage Factor		 8.33 8.65 9.21 9.60 8.39 7.67 8.23 8.49 8.80 9.07 8.95
Debt to Total Capital		 56.94% 57.86% 60.58% 57.60% 45.35% 38.96% 29.20% 10.21% 39.83% 44.93% 30.70%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.51% 2.60% 3.07%
Long-Term Debt to Total Capital		 56.94% 57.86% 60.58% 57.60% 45.35% 38.96% 29.20% 10.21% 37.32% 42.33% 27.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 43.06% 42.14% 39.42% 42.40% 54.65% 61.04% 70.80% 89.79% 60.17% 55.07% 69.30%
Debt to EBITDA		 10.96 9.64 10.26 7.98 6.10 4.35 4.20 0.53 4.19 6.96 9.17
Net Debt to EBITDA		 9.43 8.66 8.58 6.81 5.40 3.47 2.14 -0.76 3.37 4.03 2.28
Long-Term Debt to EBITDA		 10.96 9.64 10.26 7.98 6.10 4.35 4.20 0.53 3.93 6.56 8.26
Debt to NOPAT		 18.06 15.87 16.99 14.39 8.78 6.21 6.25 0.73 5.91 10.55 34.63
Net Debt to NOPAT		 15.54 14.27 14.22 12.28 7.78 4.96 3.19 -1.05 4.75 6.10 8.60
Long-Term Debt to NOPAT		 18.06 15.87 16.99 14.39 8.78 6.21 6.25 0.73 5.53 9.94 31.17
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -24 13 -61 77 -523 214 -123 619 -607 -295 656
Operating Cash Flow to CapEx		 626.62% 597.06% 1,560.88% 932.90% 1,419.54% 1,941.39% 2,816.52% 1,883.20% 1,482.77% 985.66% 518.21%
Free Cash Flow to Firm to Interest Expense		 -1.29 0.63 -2.90 2.96 -8.23 2.59 -2.04 24.02 -8.84 -1.04 1.90
Operating Cash Flow to Interest Expense		 2.85 2.54 4.31 2.67 2.32 1.21 2.35 8.40 3.15 0.49 0.24
Operating Cash Flow Less CapEx to Interest Expense		 2.40 2.12 4.03 2.38 2.16 1.15 2.27 7.95 2.94 0.44 0.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.05 0.04 0.04 0.04 0.04 0.03 0.03
Fixed Asset Turnover		 3.70 3.67 3.76 4.06 5.51 5.58 8.01 8.97 8.59 7.05 7.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,212 1,244 1,354 1,330 1,954 1,856 2,076 1,692 2,466 2,884 2,248
Invested Capital Turnover		 0.15 0.15 0.15 0.16 0.20 0.18 0.24 0.28 0.25 0.16 0.16
Increase / (Decrease) in Invested Capital		 62 33 109 -24 624 -98 220 -384 774 418 -636
Enterprise Value (EV)		 1,048 1,120 1,397 1,368 1,660 1,675 1,599 1,677 2,191 1,901 1,678
Market Capitalization		 454 473 712 715 875 1,098 1,290 1,924 1,401 1,151 1,507
Book Value per Share		 $20.84 $21.53 $22.33 $23.52 $30.06 $31.80 $31.25 $33.31 $33.24 $35.37 $34.52
Tangible Book Value per Share		 $17.45 $18.07 $18.72 $19.92 $20.01 $21.83 $22.69 $24.63 $24.49 $26.65 $26.99
Total Capital		 1,212 1,244 1,354 1,330 1,954 1,856 2,076 1,692 2,466 2,884 2,248
Total Debt		 690 720 820 766 886 723 606 173 982 1,296 690
Total Long-Term Debt		 690 720 820 766 886 723 606 173 920 1,221 621
Net Debt		 594 647 686 653 785 577 309 -247 790 750 171
Capital Expenditures (CapEx)		 8.56 8.57 5.80 7.44 10 5.15 5.04 11 15 14 16
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 690 720 820 766 886 723 606 173 982 1,296 690
Total Depreciation and Amortization (D&A)		 7.16 7.31 7.96 7.98 13 13 20 15 12 22 26
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.53 $1.84 $2.00 $2.20 $2.82 $3.25 $2.19 $5.00 $3.69 $2.74 $0.44
Adjusted Weighted Average Basic Shares Outstanding		 24.89M 23.82M 23.92M 35.45M 35.54M 34.93M 47.10M 45.13M 44.67M 44.94M 45.14M
Adjusted Diluted Earnings per Share		 $1.52 $1.84 $2.00 $2.20 $2.82 $3.25 $2.18 $4.98 $3.68 $2.73 $0.44
Adjusted Weighted Average Diluted Shares Outstanding		 24.89M 23.82M 23.92M 35.45M 35.54M 34.93M 47.10M 45.13M 44.67M 44.94M 45.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $3.25 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.89M 23.82M 23.92M 35.45M 35.54M 34.93M 47.10M 45.13M 44.67M 44.94M 45.14M
Normalized Net Operating Profit after Tax (NOPAT)		 38 45 48 56 110 117 117 235 167 123 75
Normalized NOPAT Margin		 21.65% 24.11% 24.05% 25.35% 34.16% 34.88% 25.02% 44.66% 32.51% 29.14% 18.52%
Pre Tax Income Margin		 31.62% 35.82% 35.89% 39.97% 41.27% 45.41% 26.71% 59.19% 43.26% 38.93% 12.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.96 3.35 3.43 3.38 2.09 1.85 2.06 12.10 3.24 0.58 0.14
NOPAT to Interest Expense		 2.03 2.26 2.30 2.04 1.59 1.41 1.61 9.12 2.42 0.43 0.06
EBIT Less CapEx to Interest Expense		 2.51 2.92 3.15 3.09 1.92 1.79 1.98 11.65 3.03 0.53 0.10
NOPAT Less CapEx to Interest Expense		 1.57 1.83 2.02 1.76 1.42 1.35 1.52 8.68 2.21 0.38 0.01
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 50.30% 49.38% 49.07% 47.24% 38.94% 36.31% 54.85% 25.67% 36.90% 49.79% 309.19%
Augmented Payout Ratio		 52.69% 99.26% 76.58% 47.24% 38.94% 57.16% 81.36% 71.29% 51.93% 49.79% 309.19%

Quarterly Metrics And Ratios for Sandy Spring Bancorp

This table displays calculated financial ratios and metrics derived from Sandy Spring Bancorp's official financial filings.

Metric Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.13% -0.88% -5.37% -7.20% -23.76% -21.08% -18.76% -13.72% -7.22% -1.31% 9.64%
EBITDA Growth		 -3.61% -39.81% -23.63% 21.02% -49.15% -31.37% -17.43% -54.62% -4.22% -13.97% -159.35%
EBIT Growth		 -3.15% -40.60% -23.83% 17.54% -54.27% -38.82% -24.48% -60.11% -8.09% -20.85% -189.64%
NOPAT Growth		 -4.30% -41.06% -25.16% 16.66% -54.84% -38.23% -23.19% -60.25% -7.83% -21.87% -183.08%
Net Income Growth		 -4.30% -41.06% -25.16% 16.66% -54.84% -38.23% -23.19% -60.25% -7.83% -21.87% -251.16%
EPS Growth		 1.68% -37.50% -24.75% 18.75% -54.55% -38.67% -23.68% -60.53% -7.27% -21.74% -251.72%
Operating Cash Flow Growth		 -23.36% -11.76% -26.89% -51.74% -37.20% -23.30% -33.17% -77.47% -40.75% -38.36% -0.53%
Free Cash Flow Firm Growth		 -152.32% -307.90% -272.34% -3,244.03% -370.36% 84.34% 47.00% 119.51% 143.20% 324.94% 256.65%
Invested Capital Growth		 13.01% 54.88% 45.71% 42.94% 42.63% 6.13% 16.95% -4.72% -11.75% -10.77% -22.04%
Revenue Q/Q Growth		 15.69% -8.04% -6.86% -6.36% -4.95% -4.81% -4.11% -0.56% 2.21% 1.26% 6.53%
EBITDA Q/Q Growth		 24.23% -36.84% 1.36% 52.17% -47.80% -14.75% 21.95% -16.37% 10.16% -23.42% -184.12%
EBIT Q/Q Growth		 25.56% -38.25% 1.31% 49.65% -51.15% -17.40% 25.05% -20.96% 12.56% -28.86% -241.62%
NOPAT Q/Q Growth		 24.73% -38.72% 1.18% 50.83% -51.72% -16.16% 25.81% -21.95% 11.95% -28.93% -233.78%
Net Income Q/Q Growth		 24.73% -38.72% 1.18% 50.83% -51.72% -16.16% 25.81% -21.95% 11.95% -28.93% -343.40%
EPS Q/Q Growth		 26.04% -38.02% 1.33% 50.00% -51.75% -16.36% 26.09% -22.41% 13.33% -29.41% -344.44%
Operating Cash Flow Q/Q Growth		 -44.06% 89.24% -33.41% -31.53% -27.22% 131.13% -41.98% -76.92% 91.42% 140.46% -6.37%
Free Cash Flow Firm Q/Q Growth		 -849.11% -411.04% 18.70% -1.01% -12.07% 82.98% -175.07% 137.19% 148.18% -11.39% 91.57%
Invested Capital Q/Q Growth		 8.78% 31.64% -7.36% 7.76% 8.54% -2.04% 2.08% -12.21% 0.53% -0.95% -10.81%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 53.93% 37.04% 40.30% 65.49% 35.96% 32.21% 40.96% 34.45% 37.13% 28.08% -22.17%
EBIT Margin		 51.81% 34.79% 37.84% 60.47% 31.08% 26.97% 35.17% 27.96% 30.79% 21.63% -28.75%
Profit (Net Income) Margin		 38.81% 25.87% 28.10% 45.26% 22.99% 20.25% 26.56% 20.85% 22.84% 16.03% -36.62%
Tax Burden Percent		 74.91% 74.35% 74.25% 74.84% 73.96% 75.07% 75.52% 74.58% 74.17% 74.10% 127.36%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.09% 25.65% 25.75% 25.16% 26.04% 24.93% 24.48% 25.42% 25.83% 25.90% 0.00%
Return on Invested Capital (ROIC)		 10.63% 6.15% 6.95% 10.13% 4.42% 3.28% 4.19% 3.26% 3.35% 2.38% -3.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.63% 6.15% 6.95% 10.13% 4.42% 3.28% 4.19% 3.26% 3.35% 2.38% -4.98%
Return on Net Nonoperating Assets (RNNOA)		 2.70% 2.84% 2.67% 4.99% 2.77% 2.74% 3.10% 2.15% 2.45% 1.64% -3.14%
Return on Equity (ROE)		 13.33% 8.99% 9.62% 15.11% 7.19% 6.02% 7.29% 5.42% 5.80% 4.02% -6.33%
Cash Return on Invested Capital (CROIC)		 -1.66% -34.95% -29.21% -27.66% -29.29% -1.18% -11.04% 8.38% 15.80% 14.58% 25.55%
Operating Return on Assets (OROA)		 2.06% 1.35% 1.47% 2.26% 1.07% 0.86% 1.06% 0.81% 0.88% 0.60% -0.83%
Return on Assets (ROA)		 1.55% 1.01% 1.09% 1.69% 0.79% 0.64% 0.80% 0.60% 0.65% 0.45% -1.06%
Return on Common Equity (ROCE)		 13.33% 8.99% 9.62% 15.11% 7.19% 6.02% 7.29% 5.42% 5.80% 4.02% -6.33%
Return on Equity Simple (ROE_SIMPLE)		 13.61% 12.24% 0.00% 11.30% 9.33% 8.50% 0.00% 5.79% 5.63% 5.25% 0.00%
Net Operating Profit after Tax (NOPAT)		 55 34 34 51 25 21 26 20 23 16 -22
NOPAT Margin		 38.81% 25.87% 28.10% 45.26% 22.99% 20.25% 26.56% 20.85% 22.84% 16.03% -20.13%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.79%
SG&A Expenses to Revenue		 36.61% 40.50% 43.08% 45.87% 50.07% 55.45% 49.13% 50.48% 51.13% 53.27% 54.33%
Operating Expenses to Revenue		 46.03% 50.66% 53.23% 58.55% 64.22% 70.72% 68.33% 69.60% 68.19% 72.12% 124.61%
Earnings before Interest and Taxes (EBIT)		 73 45 46 68 33 28 35 27 31 22 -31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 76 48 49 74 39 33 40 34 37 28 -24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 0.97 0.94 0.69 0.62 0.59 0.72 0.64 0.68 0.87 0.97
Price to Tangible Book Value (P/TBV)		 1.44 1.33 1.28 0.92 0.82 0.78 0.96 0.85 0.90 1.15 1.24
Price to Revenue (P/Rev)		 3.02 2.72 2.73 2.11 2.01 2.04 2.73 2.49 2.72 3.56 3.71
Price to Earnings (P/E)		 7.83 7.96 8.42 6.13 6.60 6.95 9.37 11.01 12.05 16.55 75.58
Dividend Yield		 3.79% 4.23% 4.33% 7.14% 6.44% 6.72% 5.31% 6.03% 5.65% 4.34% 4.07%
Earnings Yield		 12.77% 12.56% 11.87% 16.32% 15.16% 14.40% 10.67% 9.08% 8.30% 6.04% 1.32%
Enterprise Value to Invested Capital (EV/IC)		 0.94 0.89 0.89 0.64 0.65 0.52 0.66 0.61 0.64 0.62 0.75
Enterprise Value to Revenue (EV/Rev)		 3.64 4.54 4.26 3.34 3.95 3.33 4.51 3.80 4.08 3.92 4.13
Enterprise Value to EBITDA (EV/EBITDA)		 6.75 9.49 9.35 6.83 8.88 7.59 10.21 10.61 11.28 11.17 22.30
Enterprise Value to EBIT (EV/EBIT)		 7.10 10.00 9.85 7.26 9.65 8.43 11.58 12.56 13.50 13.60 34.27
Enterprise Value to NOPAT (EV/NOPAT)		 9.44 13.31 13.17 9.72 12.97 11.30 15.47 16.80 18.04 18.21 84.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.83 10.15 10.13 9.24 11.01 9.65 13.79 13.61 15.59 18.56 20.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.11 3.79 3.99 2.56
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.37 0.83 0.66 0.73 0.87 0.84 0.82 0.59 0.59 0.55 0.44
Long-Term Debt to Equity		 0.37 0.83 0.62 0.73 0.83 0.79 0.77 0.55 0.54 0.50 0.40
Financial Leverage		 0.25 0.46 0.38 0.49 0.63 0.84 0.74 0.66 0.73 0.69 0.63
Leverage Ratio		 8.63 8.93 8.80 8.96 9.05 9.33 9.07 8.96 8.92 9.01 8.95
Compound Leverage Factor		 8.63 8.93 8.80 8.96 9.05 9.33 9.07 8.96 8.92 9.01 8.95
Debt to Total Capital		 26.95% 45.46% 39.83% 42.16% 46.64% 45.56% 44.93% 37.23% 37.17% 35.39% 30.70%
Short-Term Debt to Total Capital		 0.00% 0.00% 2.51% 0.00% 2.58% 2.36% 2.60% 2.83% 2.95% 2.81% 3.07%
Long-Term Debt to Total Capital		 26.95% 45.46% 37.32% 42.16% 44.05% 43.21% 42.33% 34.40% 34.23% 32.58% 27.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 73.05% 54.54% 60.17% 57.84% 53.36% 54.44% 55.07% 62.77% 62.83% 64.61% 69.30%
Debt to EBITDA		 1.94 4.85 4.19 4.53 6.41 6.61 6.96 6.47 6.57 6.40 9.17
Net Debt to EBITDA		 1.15 3.82 3.37 2.53 4.36 2.93 4.03 3.65 3.75 1.02 2.28
Long-Term Debt to EBITDA		 1.94 4.85 3.93 4.53 6.06 6.27 6.56 5.98 6.05 5.89 8.26
Debt to NOPAT		 2.71 6.81 5.91 6.45 9.37 9.85 10.55 10.25 10.51 10.43 34.63
Net Debt to NOPAT		 1.61 5.35 4.75 3.60 6.37 4.36 6.10 5.79 5.99 1.66 8.60
Long-Term Debt to NOPAT		 2.71 6.81 5.53 6.45 8.85 9.34 9.94 9.47 9.68 9.61 31.17
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -178 -910 -740 -747 -837 -142 -392 146 362 321 614
Operating Cash Flow to CapEx		 872.87% 2,332.84% 1,140.69% 819.78% 653.21% 2,048.72% 753.86% 123.59% 529.05% 721.91% 909.75%
Free Cash Flow to Firm to Interest Expense		 -22.36 -52.09 -19.13 -13.82 -12.37 -1.84 -4.67 1.68 4.26 3.61 7.23
Operating Cash Flow to Interest Expense		 4.58 3.95 1.19 0.58 0.34 0.68 0.37 0.08 0.16 0.37 0.36
Operating Cash Flow Less CapEx to Interest Expense		 4.05 3.78 1.08 0.51 0.29 0.65 0.32 0.02 0.13 0.32 0.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 8.79 8.47 8.59 7.73 7.02 6.49 7.05 6.29 6.16 6.13 7.04
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,022 2,662 2,466 2,657 2,884 2,825 2,884 2,532 2,545 2,521 2,248
Invested Capital Turnover		 0.27 0.24 0.25 0.22 0.19 0.16 0.16 0.16 0.15 0.15 0.16
Increase / (Decrease) in Invested Capital		 233 943 774 798 862 163 418 -125 -339 -304 -636
Enterprise Value (EV)		 1,899 2,366 2,191 1,688 1,862 1,478 1,901 1,545 1,624 1,557 1,678
Market Capitalization		 1,575 1,415 1,401 1,064 947 908 1,151 1,012 1,085 1,415 1,507
Book Value per Share		 $32.65 $32.52 $33.24 $34.40 $34.33 $34.28 $35.37 $35.27 $35.49 $36.11 $34.52
Tangible Book Value per Share		 $24.12 $23.90 $24.49 $25.85 $25.83 $25.82 $26.65 $26.54 $26.75 $27.38 $26.99
Total Capital		 2,022 2,662 2,466 2,657 2,884 2,825 2,884 2,532 2,545 2,521 2,248
Total Debt		 545 1,210 982 1,120 1,345 1,287 1,296 942 946 892 690
Total Long-Term Debt		 545 1,210 920 1,120 1,271 1,221 1,221 871 871 821 621
Net Debt		 324 951 790 625 915 570 750 532 539 142 171
Capital Expenditures (CapEx)		 4.17 2.95 4.02 3.83 3.50 2.58 4.07 5.73 2.56 4.51 3.35
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18
Net Nonoperating Obligations (NNO)		 545 1,210 982 1,120 1,345 1,287 1,296 942 946 892 690
Total Depreciation and Amortization (D&A)		 2.98 2.92 2.98 5.69 5.26 5.37 5.69 6.34 6.33 6.52 7.09
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.21 $0.75 $0.76 $1.14 $0.55 $0.46 $0.59 $0.45 $0.51 $0.36 ($0.88)
Adjusted Weighted Average Basic Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Adjusted Diluted Earnings per Share		 $1.21 $0.75 $0.76 $1.14 $0.55 $0.46 $0.58 $0.45 $0.51 $0.36 ($0.88)
Adjusted Weighted Average Diluted Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 44.64M 44.64M 44.67M 44.84M 44.86M 44.90M 44.94M 45.06M 45.11M 45.14M 45.14M
Normalized Net Operating Profit after Tax (NOPAT)		 56 34 34 51 25 21 26 20 23 16 -22
Normalized NOPAT Margin		 39.38% 25.87% 28.10% 45.26% 22.99% 20.25% 26.56% 20.85% 22.84% 16.03% -20.13%
Pre Tax Income Margin		 51.81% 34.79% 37.84% 60.47% 31.08% 26.97% 35.17% 27.96% 30.79% 21.63% -28.75%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 9.19 2.59 1.18 1.27 0.49 0.36 0.41 0.32 0.36 0.25 -0.36
NOPAT to Interest Expense		 6.89 1.92 0.88 0.95 0.37 0.27 0.31 0.24 0.27 0.18 -0.26
EBIT Less CapEx to Interest Expense		 8.67 2.42 1.08 1.20 0.44 0.32 0.36 0.25 0.33 0.20 -0.40
NOPAT Less CapEx to Interest Expense		 6.36 1.75 0.77 0.88 0.31 0.23 0.26 0.17 0.24 0.13 -0.29
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 30.24% 34.21% 36.90% 35.23% 42.53% 46.74% 49.79% 66.57% 68.35% 72.04% 309.19%
Augmented Payout Ratio		 96.00% 78.07% 51.93% 35.23% 42.53% 46.74% 49.79% 66.57% 68.35% 72.04% 309.19%

Key Financial Trends

Sandy Spring Bancorp (NASDAQ:SASR) has exhibited notable financial trends over the last several quarters and years, highlighted by fluctuations in income, expenses, and cash flows reflecting economic conditions and company operations.

Positive Trends and Highlights:

  • Stable growth in loans and leases interest income, increasing steadily from approximately $106 million in Q2 2022 to over $153 million in Q4 2024, indicating expanded lending activities.
  • Consistent dividend payments at $0.34 per share across quarters, which supports shareholder returns.
  • Net interest income has stayed relatively strong, though showing some volatility, with a peak above $106 million in Q4 2022 and ending at $86 million in Q4 2024, demonstrating sustained core banking profitability.
  • Operating cash flows remained positive through most quarters, reflecting solid cash generation from continuing operations; for example, Q4 2024 operating cash flow was $30.5 million.
  • Common equity grew from about $1.47 billion in Q2 2022 to approximately $1.63 billion by Q3 2024, strengthening the company's capital base.

Neutral Observations:

  • Non-interest income showed fluctuations, with a mix of other service charges and non-interest income contributing somewhat variably to total revenue.
  • Loan loss provisions have varied widely, including negative provisions in some quarters (e.g., negative $21.5 million in Q1 2023), which suggests credit loss recoveries impacting income erratically.
  • Total assets and liabilities grew steadily over the period, aligned with broader banking sector trends and asset growth strategies.
  • Salaries and employee benefits expense increased over time, likely reflecting wage inflation and staffing changes, which is common in the banking industry.

Negative Trends and Concerns:

  • Net income/loss showed a drastic decline from consistent positive quarters in 2022 and early 2023 to a net loss of approximately $39.5 million in Q4 2024, signaling recent operational or market challenges.
  • Total non-interest expenses surged significantly in Q4 2024 to $134.2 million from roughly $72.9 million in Q3 2024, suggesting either increased operational costs or potential one-time charges impacting profitability.
  • Net cash used in financing activities ballooned to negative $211 million in Q4 2024 compared to positive inflows in prior quarters, possibly reflecting large debt repayments and other financing outflows that may pressure liquidity.
  • Investment securities purchases sometimes appear very large (e.g., $774 million in Q2 2022), paired with heavy sales, indicating possible portfolio turnover that could expose the bank to market risk or capital inefficiencies.
  • Allowance for loan and lease losses increased notably over time, reaching over $131 million in Q4 2024, which reflects caution against potential credit deterioration.

Summary: Sandy Spring Bancorp has expanded its loan book and maintained solid interest income, alongside consistent dividend payments, which are positives from a retail investor perspective. However, the sharp net loss and surge in non-interest expenses late in 2024 raise concerns about cost control and underlying asset quality. The fluctuating loan loss provisions and volatile financing cash flows also warrant close monitoring as they may reflect challenges ahead. Investors should seek management commentary on the causes of recent losses and expense spikes, and watch for signs of turnaround or further risk exposure in upcoming earnings reports.

09/14/25 05:55 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Sandy Spring Bancorp's Financials

When does Sandy Spring Bancorp's financial year end?

According to the most recent income statement we have on file, Sandy Spring Bancorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Sandy Spring Bancorp's net income changed over the last 10 years?

Sandy Spring Bancorp's net income appears to be on an upward trend, with a most recent value of $19.94 million in 2024, falling from $38.20 million in 2014. The previous period was $122.84 million in 2023.

How has Sandy Spring Bancorp's revenue changed over the last 10 years?

Over the last 10 years, Sandy Spring Bancorp's total revenue changed from $176.42 million in 2014 to $406.44 million in 2024, a change of 130.4%.

How much debt does Sandy Spring Bancorp have?

Sandy Spring Bancorp's total liabilities were at $12.57 billion at the end of 2024, a 1.0% increase from 2023, and a 224.3% increase since 2014.

How much cash does Sandy Spring Bancorp have?

In the past 10 years, Sandy Spring Bancorp's cash and equivalents has ranged from $46.96 million in 2015 to $93.65 million in 2020, and is currently $80.70 million as of their latest financial filing in 2024.

How has Sandy Spring Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, Sandy Spring Bancorp's book value per share changed from 20.84 in 2014 to 34.52 in 2024, a change of 65.7%.


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This page (NASDAQ:SASR) was last updated on 9/14/2025 by MarketBeat.com Staff
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