Trade Sandy Spring Bancorp Inc - SASR CFD

Sandy Spring Company profile

About Sandy Spring Bancorp Inc.

Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company's Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products, to both individuals and businesses. The Insurance segment operates through Sandy Spring Insurance Corporation, a subsidiary of the Bank, which operates a general insurance agency located in Annapolis, Maryland, and Neff and Associates, located in Ocean City, Maryland. The Investment Management segment operates through West Financial Services, Inc. and Rembert Pendleton Jackson (RPJ), a subsidiary of the Bank, which provides investment management and financial planning services to individuals, families, small businesses and associations.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Sandy Spring Bancorp Inc. interest income increased 6% to $450.3M. Net interest income after loan loss provision increased 69% to $470.1M. Net income applicable to common stockholders increased from $96.2M to $233.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 6% to 3.56%, Net Interest Spread, Total -% increase of 11% to 3.42%.

Equity composition

Common Stock $1 Par, 03/11, 49,916,906 auth., 24,230,320 issd. Insiders own approx. 1.68%. Shares issd. 1/88 upon Plan of Reorganization of Sandy Spring National Bank of Maryland (basis: 1-for-1). 12/01, 3-for-2 stock split; 2/98, 4/95, 2-for-1 stock splits.