Sandy Spring Bancorp Inc - Company Profile
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Sandy Spring Bancorp Inc (Sandy Spring) is the holding company for Sandy Spring Bank (the bank). It offers commercial banking, retail banking, mortgage, and trust services through a network of community offices in Central Maryland, Northern Virginia, and Washington DC. Sandy Spring offers personal services that include checking, debit cards, home equity loans, and other loans, and deposit products. The Bank also operates as lending and other business services. It also operates through West Financial Services Inc, which offers investment management services. Sandy Spring is headquartered in Olney, Maryland, the US.
Headquarters
United States of America
Address
17801 Georgia Ave, Olney, Maryland, 20832-2233
Website
www.sandyspringbank.com
Telephone
1 301 7746400
No of Employees
1,084
Industry
Financial Services
Ticker Symbol & Exchange
SASR (NASD)
Revenue (2022)
$704.6M
20.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-26.1%
(2022 vs 2021)
Market Cap*
$967.0M
Net Profit Margin (2022)
XYZ
-38.9%
(2022 vs 2021)
* As of and is in US$
Sandy Spring Bancorp Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Community Banking |
| Investment Management Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Divestiture | In March, the company sold its portfolio company Catenda to GRO. |
| 2022 | Asset Disposal | In June, the company sold its insurance business to Hub International Limited. |
| 2021 | Corporate Changes/Expansions | In February, Sandy Spring Bank announced the opening of a new full-service community office at 647 New York Avenue in Washington, D.C. |
Competitor Comparison
| Key Parameters | Sandy Spring Bancorp Inc | Customers Bancorp, Inc. | First Bancorp. | First Financial Bancorp | Eagle Bancorp Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Olney | West Reading | San Juan | Cincinnati | Bethesda |
| State/Province | Maryland | Pennsylvania | - | Ohio | Maryland |
| No. of Employees | 1,084 | 711 | 3,168 | 2,165 | 452 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Daniel J Schrider | Chief Executive Officer; Chairman; President | Executive Board | 2023 | 59 |
| Philip J Mantua | Chief Financial Officer; Executive Vice President | Senior Management | 2004 | 65 |
| Ronda McDowell | Chief Operating Officer; Executive Vice President | Senior Management | 2021 | 59 |
| Aaron M. Kaslow | General Counsel; Executive Vice President; Chief Administrative Officer | Senior Management | 2022 | 59 |
| Kevin Slane | Executive Vice President; Chief Risk Officer | Senior Management | 2018 | 64 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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