Sandy Spring Bancorp

Financial Services banks commercial banks financial management holding company insurance investment management lending

Sandy Spring Bancorp operates as the bank holding company that provides commercial and retail banking services to individuals and businesses. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment provides financial products and services, including various loan and deposit products to individuals and businesses. The Insurance segment provides general insurance agency services and annuities. The Investment Management segment provides comprehensive investment management and financial planning. The Company also provides trust services.

Revenue(FY, 2016)

$221.6 M

Market capitalization(2018-06-14)

$1.5 B

Total Loans(Q2, 2017)

$4.1 B

Type

Public

Olney, US

Founded

1868

Size (employees)

752 (est)+4%

Website

sandyspringbank.com

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

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Sandy Spring Bancorp Office Locations

Sandy Spring Bancorp has an office in Olney

Olney, US (HQ)

17801 Georgia Ave

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Sandy Spring Bancorp Financials and Metrics

Sandy Spring Bancorp Financials

Sandy Spring Bancorp's revenue was reported to be $221.60 m in FY, 2016 which is a 6.4% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	92.6 m
Gross profit (Q1, 2018)	80 m
Gross profit margin (Q1, 2018), %	86.4%
Net income (Q1, 2018)	21.7 m
EBIT (Q1, 2018)	60.9 m
Market capitalization (14-Jun-2018)	1.5 b
Closing share price (14-Jun-2018)	42.2
Cash (31-Mar-2018)	219.4 m
EV	1.3 b

Sandy Spring Bancorp's current market capitalization is $1.5 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	149.3 m	195.2 m	208.2 m	221.6 m
Revenue growth, %		31%	7%	6%
Cost of goods sold			20.1 m	21 m
Gross profit			188.1 m	200.6 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	51 m	52.7 m	55 m	54.6 m	55.4 m	58.6 m	62.1 m	92.6 m
Cost of goods sold	4.9 m	5.2 m	5.5 m	5.1 m	5.1 m	5.7 m	6.3 m	12.6 m
Gross profit	46 m	47.5 m	49.5 m	49.5 m	50.3 m	52.9 m	55.9 m	80 m
Gross profit Margin, %	90%	90%	90%	91%	91%	90%	90%	86%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2016
Accounts Payable	69.7 m

Quarterly

USD	Q1, 2018
Cash	219.4 m
Accounts Receivable	153.9 m
PP&E	60.4 m
Goodwill	342.9 m

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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

Quarterly

USD	Q1, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	10.9 m	11.2 m	21.6 m	32.6 m	10.8 m	10.6 m	13.5 m	15.1 m	14.7 m	21.7 m
Depreciation and Amortization	1.9 m	1.7 m	3.5 m	5.4 m	1.9 m	3.9 m	5.9 m	2 m	4 m	3 m
Cash From Operating Activities	21.8 m	10.3 m	20.3 m	44.3 m	15.8 m	43.6 m	56 m	34.3 m	40.3 m	44.3 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)	(244.9 m)

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Ratios

USD	Y, 2018
EV/EBIT	21.6 x
EV/CFO	29.7 x

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Sandy Spring Bancorp Operating Metrics

Sandy Spring Bancorp's Assets Under Management was reported to be $2.6b in Q2, 2017. Sandy Spring Bancorp's Total Loans was reported to be $4.1b in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Assets Under Management	$2.80 b	$2.90 b	$2.90 b	$2.70 b	$2.80 b	$2.30 b	$2.30 b	$2.40 b	$2.40 b	$2.50 b	$2.60 b
Non-accrual Loans	$28.53 m	$30.57 m	$31.70 m	$30.50 m	$30.03 m	$31.38 m	$27.93 m	$29.30 m	$29.21 m	$28.22 m	$29.20 m
Non-performing Loans	$34.03 m	$36.02 m	$37.33 m	$36.92 m	$34.50 m	$36.10 m	$31.36 m	$31.98 m	$31.93 m	$30.86 m	$32.20 m
Total Loans	$3.13 b	$3.16 b	$3.29 b	$3.41 b	$3.50 b	$3.56 b	$3.67 b	$3.78 b	$3.93 b	$3.99 b	$4.13 b