Sandy Spring Bank

Financial Services banks holding company

Sandy Spring Bancorp, Inc. (Nasdaq: SASR) is the largest bank holding company headquartered in Maryland. Its primary subsidiary Sandy Spring Bank traces its origin to 1868 making it among the oldest banking institutions in the region. Sandy Spring Bank operates a full line of financial services through a network of over 45 community offices in the highly desirable market of greater Washington, D.C. including offices in Montgomery, Howard, Frederick, Carroll, Anne Arundel and Prince George's Counties in Maryland, Fairfax and Loudoun Counties in Northern Virginia and Washington, D.C. Through an affiliation with the Allpoint ATM network, clients have free nationwide ATM access at more than 55,000 locations.

Revenue(Q1, 2017)

$58.6 M

Market capitalization(2017-08-22)

$932.4 M

Company Growth (employees)

Type

Public

Olney, US

Founded

1868

Size (employees)

728 (est)

Website

sandyspringbank.com

Sandy Spring Bank was founded in 1868 and is headquartered in Olney, US

Sandy Spring Bank Office Locations

Sandy Spring Bank has an office in Olney

Olney, US (HQ)

17801 Georgia Ave

Sandy Spring Bank Data and Metrics

Sandy Spring Bank Financial Metrics

Sandy Spring Bank's revenue was reported to be $58.6 m in Q1, 2017

Summary

USD

Sandy Spring Bank's current market capitalization is $932.4 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	149.3 m	148.4 m	158.3 m	170.6 m
Revenue growth, %		(1%)	7%	8%
Cost of goods sold			20.1 m	21 m
Gross profit			138.2 m	149.6 m
Gross profit Margin, %			87%	88%
Sales and marketing expense				2.9 m
Operating expense total				2.9 m
EBIT	67 m	55.8 m	67.4 m	149.6 m
EBIT margin, %	45%	38%	43%	88%
Pre tax profit			67.4 m	72 m
Income tax expense			22 m	23.7 m
Net Income	44.4 m	38.2 m	45.4 m	48.3 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue		51 m	52.7 m	55 m	54.6 m	55.4 m	58.6 m
Cost of goods sold		4.9 m	5.2 m	5.5 m	5.1 m	5.1 m	5.7 m
Gross profit		46 m	47.5 m	49.5 m	49.5 m	50.3 m	52.9 m
Gross profit Margin, %		90%	90%	90%	91%	91%	90%
Sales and marketing expense		942 k	688 k	681 k	662 k	628 k	663 k
Operating expense total		942 k	688 k	681 k	662 k	628 k	663 k
EBIT		33.9 m	35.1 m	36.1 m	36.7 m	37.7 m	40.3 m
EBIT margin, %		67%	67%	66%	67%	68%	69%
Pre tax profit		15.3 m	16.2 m	15.9 m	15.7 m	20.2 m	22.7 m
Income tax expense		5 m	5.2 m	5.1 m	5 m	6.7 m	7.6 m
Net Income	11.2 m	21.6 m	32.6 m	10.8 m	10.6 m	13.5 m	15.1 m

Balance Sheet

USD	FY, 2016
Accounts Payable	69.7 m

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	44.4 m	38.2 m	45.4 m	48.3 m
Depreciation and Amortization	8 m	7.2 m	7.3 m	8 m
Cash From Operating Activities	96.1 m	53.7 m	50.8 m	90.4 m
Cash From Investing Activities	(233.2 m)	(262.3 m)	(291.9 m)	(423 m)
Dividends Paid	(16.1 m)	(19.2 m)	(22.4 m)	(23.7 m)
Cash From Financing Activities	125.1 m	230.5 m	217.8 m	393.9 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income			11.2 m	21.6 m	32.6 m	10.8 m	10.6 m	13.5 m	15.1 m
Depreciation and Amortization			1.7 m	3.5 m	5.4 m	1.9 m	3.9 m	5.9 m	2 m
Accounts Receivable	12.3 m	12.3 m
Cash From Operating Activities			10.3 m	20.3 m	44.3 m	15.8 m	43.6 m	56 m	34.3 m
Cash From Investing Activities			(16.4 m)	(114.5 m)	(220.4 m)	24.1 m	(78.4 m)	(149.4 m)	(153.3 m)
Dividends Paid			(5.6 m)	(11 m)	(16.5 m)	(5.8 m)	(11.6 m)	(17.4 m)	(6.3 m)
Cash From Financing Activities			(9 m)	87.6 m	176.3 m	46.6 m	55.6 m	118.7 m	86.8 m