Private company

SANDY SPRING BANCORP INC

SANDY SPRING BANCORP INC is a bank holding company for Sandy Spring Bank.1 It is headquartered in Olney, Maryland.1

Last updated Oct 20, 2026.

Overview

  • IndustryNational Commercial Banks1
  • HeadquartersOlney, Maryland1
  • Business address17801 Georgia Ave, Olney, Md 208322
  • Filer categoryLarge accelerated filer2

See how the biggest companies compare on our leaderboards

Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank. Throughout this report, references to the “Company,” “we,” “our,” “us,” and similar terms refer to the consolidated entity consisting of Sandy Spring Bancorp, Inc. and its subsidiaries. “Bancorp” refers solely to the parent holding company, and the “Bank” refers solely to Bancorp’s subsidiary bank, Sandy Spring Bank.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$19.9M in 2024−80% since 2018
0$100.0M$200.0M$300.0M2018: $100.9M$100.9M20182019: $116.4M$116.4M2019+15%2020: $97.0M$97.0M2020−17%2021: $235.1M$235.1M2021+142%2022: $166.3M$166.3M2022−29%2023: $122.8M$122.8M2023−26%2024: $19.9M$19.9M2024−84%
Fiscal year20182019202020212022202320242025
Interest$63.6M5$82.6M6$60.4M7$25.8M8$68.7M8$283.0M8
Income before tax$311.7M8$222.4M9$164.1M9$49.0M9
Income tax$31.8M5$36.4M6$27.5M7$76.6M8$56.1M9$41.3M9$29.0M9
Net income$100.9M5$116.4M6$97.0M7$235.1M8$166.3M9$122.8M9$19.9M9
Earnings per share$2.825$3.256$2.197$5.008$3.699$2.749$0.449
Earnings per share (diluted)$2.825$3.256$2.187$4.988$3.689$2.739$0.449
Shares (weighted, basic)47.0M shares845.0M shares944.9M shares945.1M shares9

Compare SANDY SPRING BANCORP INC with another company

Corporate structure

SANDY SPRING BANCORP INC sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SANDY SPRING BANCORP INC

  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on SANDY SPRING BANCORP INC, latest Jul 15, 2025 (5 filings since Feb 8, 2022)
  • T. Rowe Price Investment Management, Inc. Filed SC 13G on SANDY SPRING BANCORP INC, latest Feb 14, 2024
  • VANGUARD GROUP INC Filed SC 13G/A on SANDY SPRING BANCORP INC, latest Feb 13, 2024 (3 filings since Feb 10, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on SANDY SPRING BANCORP INC, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • SANDY SPRING BANCORP INC Olney, Maryland
    • Sandy Spring Bank Subsidiary · Maryland, United States
    • SSB Wealth Management, Inc.* Subsidiary · Maryland, United States
    • West Financial Services, Inc. Subsidiary · Maryland, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SANDY SPRING BANCORP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$9.8M9 Dec 31, 2024$9.8M9 Dec 31, 20230%
Buildings and improvements$70.9M9 Dec 31, 2024$78.2M9 Dec 31, 2023−9.4%
Machinery and equipment$50.0M9 Dec 31, 2024$58.5M9 Dec 31, 2023−14.5%
Property and equipment, before depreciation$130.7M9 Dec 31, 2024$146.4M9 Dec 31, 2023−10.8%
Accumulated depreciation$74.7M9 Dec 31, 2024$87.0M9 Dec 31, 2023−14.1%
Property and equipment, net$56.0M9 Dec 31, 2024$59.5M9 Dec 31, 2023−5.9%
Operating-lease assets (leased space)$37.7M9 Dec 31, 2024$40.4M9 Dec 31, 2023−6.6%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$677.0K9 Dec 31, 2024$677.0K9 Dec 31, 20230%
Loans, net of allowance$11.4B9 Dec 31, 2024$11.2B9 Dec 31, 2023+1.4%
Deposits held (banks)$11.7B9 Dec 31, 2024$11.0B9 Dec 31, 2023+6.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$309.0M9 Dec 31, 2024$363.4M9 Dec 31, 2023−15.0%
Intangible assets, net (excluding goodwill)$30.7M9 Dec 31, 2024$28.3M9 Dec 31, 2023+8.6%
Finite-lived intangibles, gross$64.9M9 Dec 31, 2024$53.4M9 Dec 31, 2023+21.6%
Accumulated amortization$37.4M9 Dec 31, 2024$28.3M9 Dec 31, 2023+32.2%
Finite-lived intangibles, net$27.5M9 Dec 31, 2024$25.1M9 Dec 31, 2023+9.6%

Properties, in its own words

The Company’s headquarters is located in Olney, Maryland. As of December 31, 2024, The Company owns 11 of its full-service community banking centers. The remaining banking locations, in addition to the offices of West Financial and RPJ are leased. See Note 7 – Leases to the Notes to the Consolidated Financial Statements for additional information.

Item 2 of the 10-K filed Feb 20, 2025.4

Leadership

Who has led SANDY SPRING BANCORP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hunter R. Hollar2006–2008
  2. Daniel J. Schrider2009–2025

President

  1. Hunter R. Hollar2006–2008
  2. Daniel J. Schrider2009–2025

Chief financial officer

  1. Philip J. Mantua2006–2024
  2. Charles S. Cullum2024–2025
2010201520202025
Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • SSB Wealth Management, Inc.* Maryland3
  • Sandy Spring Bank Maryland3
  • West Financial Services, Inc. Maryland3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Apr 1, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights62
  2. Feb 5, 20258-K Shareholder vote; Other events63
  3. Jan 28, 20258-K Results of operations64
  4. Jan 24, 20258-K Other events65
  5. Jan 14, 20258-K Other events66
  6. Jan 2, 20258-K Executive or director change67
  7. Oct 21, 20248-K Entered a material agreement; Regulation FD disclosure68
  8. Oct 21, 20248-K Results of operations69
  9. Aug 9, 20248-K Regulation FD disclosure70
  10. Jul 23, 20248-K Results of operations; Regulation FD disclosure71
  11. May 23, 20248-K Shareholder vote72
  12. May 23, 20248-K Executive or director change73
  13. Mar 27, 2009New chief executive Daniel J. Schrider becomes CEO15
  14. Dec 14, 2006New chief executive Hunter R. Hollar becomes CEO16

Calendar

When it reported results

  1. Jan 28, 2025Reported quarterly or annual results64
  2. Oct 21, 2024Reported quarterly or annual results69
  3. Jul 23, 2024Reported quarterly or annual results71
  4. Apr 23, 2024Reported quarterly or annual results74
  5. Jan 23, 2024Reported quarterly or annual results75
  6. Oct 24, 2023Reported quarterly or annual results76
  7. Jul 25, 2023Reported quarterly or annual results77
  8. Apr 20, 2023Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

351 filings to the SEC since October 2021: 5 annual reports, 10 quarterly reports, 49 major events, 205 insider forms, 15 large holders, 67 other. The latest 20:

  1. Jul 15, 2025SCHEDULE 13G/A EDGAR
  2. May 13, 202513F-NT EDGAR
  3. Apr 10, 202515-12G EDGAR
  4. Apr 3, 20254 EDGAR
  5. Apr 3, 20254 EDGAR
  6. Apr 3, 20254 EDGAR
  7. Apr 3, 20254 EDGAR
  8. Apr 3, 20254 EDGAR
  9. Apr 3, 20254 EDGAR
  10. Apr 3, 20254/A EDGAR
  11. Apr 3, 20254 EDGAR
  12. Apr 2, 20254 EDGAR
  13. Apr 2, 20254 EDGAR
  14. Apr 2, 20254 EDGAR
  15. Apr 2, 20254 EDGAR
  16. Apr 2, 20254 EDGAR
  17. Apr 2, 20254 EDGAR
  18. Apr 2, 20254 EDGAR
  19. Apr 2, 20254 EDGAR
  20. Apr 2, 20254 EDGAR

The 351 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 2 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 12, 2025Cook Kenneth CDirectorSale746$28.59$21.3KForm 4
Aug 7, 2023RUPPERT CRAIG ADirectorBuy12,200$24.86$303.3KForm 4
May 16, 2022RUPPERT CRAIG ADirectorBuy2,500$38.43$96.1KForm 4
Nov 10, 2021Cook Kenneth CDirectorSale2,531$50.44$127.7KForm 4
Nov 2, 2021Cook Kenneth CDirectorSale3,000$48.60$145.8KForm 4
Oct 26, 2021Cook Kenneth CDirectorSale13,500$48.27$651.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How SANDY SPRING BANCORP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSANDY SPRING BANCORP INC1
  • CIK0000824410
  • Employer ID (EIN)52-15329524
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address17801 Georgia Ave, Olney, MD 208321
  • Mailing address17801 Georgia Avenue, Olney, MD 208321
  • Phone30177464001
  • Shares outstanding45,140,417 shares as of Feb 18, 20254
  • Public float$1.1B as of Jun 28, 20244
  • AuditorErnst & Young LLP, Tysons, VA PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMar 28, 19941
  • Filings1,783 in all: 4 (896), 8-K (269), 10-Q (93), 13F-NT (78), SC 13G/A (53), 425 (52), 4/A (33), 3 (31)1
    All 49 form types

    DEF 14A (31), 10-K (26), 11-K (22), 5 (22), S-8 POS (21), DEFA14A (17), SC 13G (14), S-8 (12), PRE 14A (8), EFFECT (7), UPLOAD (7), 10-K/A (6), 3/A (6), 424B3 (6), 424B5 (6), CORRESP (6), S-4 (6), S-4/A (6), 10-K405 (5), 13F-NT/A (5), 10-Q/A (4), 8-K/A (4), S-3 (4), FWP (3), S-3ASR (3), 144 (2), 305B2 (2), 424B1 (2), 5/A (2), SCHEDULE 13G/A (2), 15-12G (1), 25-NSE (1), 8-A12G (1), ARS (1), DEFM14A (1), DEFR14A (1), NT 10-Q (1), NT 11-K (1), POS AM (1), POSASR (1), S-3D (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2025
    Quarterly report (10-Q) Nov 8, 2024
    Proxy statement (DEF 14A) Apr 10, 2024
    Latest 8-K (8-K) Apr 1, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $1.00 per shareSASRThe NASDAQ Stock Market, LLC

From the cover page of the 10-K filed Feb 20, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks SANDY SPRING BANCORP INC names in Item 1A of its 10-K filed Feb 20, 2025: 51 risks under these headings, as written.4

  • Risks Related to the Pending Merger with Atlantic Union
  • We and Atlantic Union have, and the combined company following the merger will, incur significant transaction and merger-related costs in connection with the transactions contemplated by the merger agreement.
  • The merger agreement may be terminated in accordance with its terms and the merger may not be completed. Such failure to complete the transactions contemplated by the merger agreement could cause our results to be adversely affected, our stock price to decline, or have a material and adverse effect on our stock price and results of operations.
  • The future results of the combined company following the merger may suffer if the combined company does not effectively manage its expanded operations.
  • We and Atlantic Union will be subject to business uncertainties and contractual restrictions while the merger is pending.
  • Shareholder litigation could prevent or delay the completion of the merger or otherwise negatively impact our business, financial condition and results of operations.
  • The merger will not be completed unless important conditions are satisfied or waived.
  • Risks Related to the Economy, Financial Markets, Interest Rates and Liquidity
  • The geographic concentration of our operations makes us susceptible to downturns in local economic conditions.
  • Changes in interest rates may adversely affect our earnings and financial condition.
  • Inflation can have an adverse impact on our business and on our customers.
  • Insufficient liquidity could impair our ability to fund operations and jeopardize our financial condition, growth and prospects.
The other 41 risks
  • Our investment securities portfolio is subject to credit risk, market risk, and liquidity risk.
  • Credit Risks
  • Our allowance for credit losses may not be adequate to cover our actual credit losses, which could adversely affect our financial condition and results of operations.
  • We may not be able to adequately measure and limit our credit risk, which could lead to unexpected losses.
  • If non-performing assets increase, earnings will be adversely impacted.
  • Appraisals may not accurately describe the value of our collateral.
  • Our commercial real estate lending activities expose us to increased lending risks and related loan losses.
  • Imposition of limits by the bank regulators on commercial real estate lending activities could curtail our growth and adversely affect our earnings.
  • Our concentration of residential mortgage loans exposes us to increased lending risks.
  • We may be subject to certain risks related to originating and selling mortgage loans.
  • Any delays in our ability to foreclose on delinquent mortgage loans may negatively impact our business.
  • Risks Related to our Trust and Wealth Management Business
  • Our trust and wealth management fees may decrease as a result of poor investment performance, in either relative or absolute terms, which could decrease our revenues and net earnings.
  • Our investment management contracts are terminable without cause and on relatively short notice by our clients, which makes us vulnerable to short-term declines in the performance of the securities under our management.
  • The wealth management business is heavily regulated, and the regulators have the ability to limit or restrict our activities and impose fines or suspensions on the conduct of our business.
  • Strategic and Other Risks
  • We depend on our executive officers and key personnel to continue the implementation of our long-term business strategy and could be harmed by the loss of their services.
  • Market competition may decrease our growth or profits.
  • Operational Risks
  • The high volume of transactions processed by us exposes us to significant operational risks.
  • Failure to keep up with technological change in the financial services industry could have a material adverse effect on our competitive position or profitability.
  • Our risk management framework may not be effective in mitigating risks and/or losses to us.
  • Our information systems may experience an interruption or security breach.
  • Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
  • Our reliance on third-party vendors could expose us to additional cyber risk and liability.
  • We outsource certain aspects of our data processing to certain third-party providers, which may expose us to additional risk.
  • We are dependent on our information technology and telecommunications systems; third-party service providers and systems failures, interruptions or breaches of security could have an adverse effect on our financial condition and results of operations.
  • We are at risk of increased losses from fraud.
  • The adoption of flexible work from home arrangements poses a number of operational risks that could adversely affect our business, financial condition and results of operations.
  • Risks Related to our Financial Statements
  • Changes in accounting standards or interpretation of new or existing standards may affect how we report our financial condition and results of operations.
  • The Current Expected Credit Loss ("CECL") accounting standard could require us to increase our allowance for credit losses and may have a material adverse effect on our financial condition and results of operations.
  • Our accounting estimates and risk management processes rely on analytical and forecasting models.
  • Regulatory Risks
  • We operate in a highly regulated industry, and compliance with, or changes to, the laws and regulations that govern our operations may adversely affect us.
  • Our ability to pay dividends is limited by law.
  • Federal banking agencies periodically conduct examinations of our business, including compliance with laws and regulations; the failure to comply with any supervisory actions to which we are or becomes subject as a result of such examinations could adversely affect us.
  • We are subject to numerous laws designed to protect consumers, including the Community Reinvestment Act ("CRA") and fair lending laws, and the failure to comply with these laws could lead to a wide variety of sanctions.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • The level of our commercial real estate loan portfolio may subject us to additional regulatory scrutiny.
  • General Risk Factors
  • Changes in U.S. or regional economic conditions could have an adverse effect on our business, financial condition and results of operations.
  • Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
  • Climate change could have a material adverse impact on us and our clients.
  • The market price for our stock may be volatile.
  • Future sales of our common stock or other securities may dilute the value and adversely affect the market price of our common stock.
  • Changes in tax laws and regulations and differences in interpretation of tax laws and regulations may negatively impact our financial performance.
  • Negative public opinion regarding us or failure to maintain our reputation in the communities we serve could adversely affect our business and prevent us from growing our business.

Legal proceedings

In the normal course of business, we become involved in litigation arising from the banking, financial and other activities we conduct. Management, after consultation with legal counsel, does not anticipate that the ultimate liability, if any, arising from these matters will have a material effect on our financial condition, operating results or liquidity.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
    SEC EDGAROther events
  66. 66
    SEC EDGAROther events
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82