Sandy Spring Bancorp Inc - SASR STOCK NEWS

Sandy Spring Bancorp, Inc. (Nasdaq: SASR) announced a quarterly common stock dividend of $0.32 per share, payable on August 18, 2021 to shareholders of record as of August 11, 2021. This dividend remains consistent with the previous quarter and represents an increase of $0.02 compared to the third quarter of 2020. Sandy Spring Bank operates over 60 locations and provides a wide range of financial services including commercial, retail banking, and wealth management across Maryland and the Greater Washington, D.C. region.

Sandy Spring Bancorp (SASR) reported net income of $57.3 million ($1.19 per diluted share) for Q2 2021, a sharp recovery from a net loss of $14.3 million in Q2 2020. Core earnings reached $55.1 million, up 6% year-over-year. The bank's total assets declined 3% to $12.9 billion, driven by a $179.2 million drop in PPP loans. Non-interest income grew 15% due to increased wealth management revenue, and non-interest expenses saw a decrease of 26% compared to the prior year.

Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on July 22, 2021. A conference call will follow at 2:00 p.m. (ET) to discuss the results, which will be available via live webcast. Interested participants can call 1-866-235-9910 to ask questions. An internet replay will be accessible until August 5, 2021. Sandy Spring Bancorp operates a community bank in the Greater Washington, D.C. region, boasting over 60 locations and a variety of services, including commercial and retail banking.

Sandy Spring Bank has announced leadership changes aimed at fostering growth and operational excellence. Promotions include Gary Fernandes as Chief Human Resources Officer, Ronda McDowell as Chief Operations Officer, and Heather Skigen Romagnoli as Chief Credit Officer. These appointments follow a period of rapid expansion and aim to enhance talent development, streamline operations, and improve credit management. The Bank, known for its market knowledge and service offerings, seeks to capitalize on its strengths for sustainable growth.

Sandy Spring Bancorp, Inc. (SASR) has declared a quarterly common stock dividend of $0.32 per share, to be paid on May 19, 2021, to shareholders on record as of May 12, 2021. This dividend remains consistent with the previous quarter and is an increase of $0.02 compared to the same period last year. Sandy Spring Bancorp is a leading community bank serving the Greater Washington, D.C. area with over 60 locations and a wide range of financial services.

Sandy Spring Bancorp (SASR) reported a robust net income of $75.5 million ($1.58 per diluted share) for Q1 2021, a significant increase from $10.0 million ($0.28) in Q1 2020. Core earnings reached $56.9 million ($1.20), up from $29.6 million in the prior year. A credit of $34.7 million for the provision of credit losses was noted, driven by an improving economic forecast. Total assets surged 44% to $12.9 billion, with loans and deposits growing 55% and 62%, respectively. The company raised its dividend to $0.32 per share, reflecting strong financial health.

Sandy Spring Bancorp, Inc. (SASR) is set to announce its first quarter earnings on April 22, 2021. A conference call will occur at 2:00 p.m. ET to discuss the results and field questions. Participants can join via telephone or listen to the live webcast on the Investor Relations page of the company’s website. A replay of the call will be accessible through the website until May 6, 2021. Sandy Spring Bancorp operates a community bank in the Greater Washington, D.C. region with over 60 locations, providing various financial services including commercial, retail banking, mortgage, and trust services.

Sandy Spring Bancorp (NASDAQ: SASR) released its inaugural Corporate Responsibility Report on March 17, 2021, detailing the company's efforts in addressing key environmental, social, and governance (ESG) issues for 2020. President and CEO Daniel J. Schrider emphasized the company's dedication to social responsibility, sustainability, transparency, and accountability. The report showcases the outcomes of these initiatives, reflecting over 150 years of commitment to client and community needs. For full access to the report, visit Sandy Spring Bank.

Sandy Spring Bank has opened a new full-service community office at 647 New York Avenue, Washington, D.C., to cater to the growing needs of its clients. This branch is the bank's fourth in the city and part of its 61 branches overall. It will offer a variety of services including business banking, mortgage loan programs, and wealth planning. The CEO highlighted the potential for growth in the vibrant business community of D.C., aiming to support clients as they adapt post-pandemic.