Fourth Quarter Earnings Increase 27% over Prior Quarter and Drive Annual Net Income to $97.0 Million Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported record net income of $56.7 million ($1.19 per diluted common share) for the fourth quarter of 2020. The current quarter’s result compares to net income of $28.5 million ($0.80 per diluted common share) for the fourth quarter of 2019 and net income of $44.6 million ($0.94 per diluted common share) for the third quarter of 2020.
Daniel Schrider, CEO & President, Sandy Spring Bank, standing in front of the Olney MD Headquarters
Our motto is real banking for real life, and this year has been about is real as it gets. For many of you, we know that this has been one of the most challenging years in your life or the history of your business. We are truly humbled that you put your trust in us. It has been our honor to serve you and to walk alongside you during these unprecedented times.
Top Work Places 2020 Baltimore Sun Media Sandy Spring Bank
For the second year in a row, Sandy Spring Bank is pleased to announce it has been named a 2020 Top Workplace by The Baltimore Sun. Ranking fourth in the “large employer” category, Sandy Spring Bank is the only bank to make the list.
Supporting organizations across our region. Map of DC Metro Area with heart pins for each nonprofit. Sandy Spring Bank.
Sandy Spring Bank is pleased to announce it is donating $5,000 to 12 nonprofit organizations in the Greater Washington, D.C. region, for a total contribution of $60,000.
Woman working at food bank. Sandy Spring Bank Community Efforts.
Sandy Spring Bank is pleased to announce it ranked first in the Washington Business Journal’s list of midsize companies by volunteer hours. The bank also ranked eighth in giving.
American Banker Best Banks to Work For Sandy Spring Bank
For the first time, Sandy Spring Bank is pleased to be named one of the Best Banks to Work For in 2020 by American Banker. The Best Banks to Work For program, coordinated by American Banker and Best Companies Group, identifies, recognizes and honors U.S. banks for outstanding employee satisfaction...
DC multi-family and commercial building owners and tenants can now take advantage of flexible financing options for their energy efficiency improvements through the Commercial Loan for Energy Efficiency and Renewables (CLEER) Financing program offered by DC Green Bank.
Year-Over-Year Operating Earnings Increase 49% Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported record net income of $44.6 million ($0.94 per diluted common share) for the third quarter of 2020. The current quarter’s result compares to net income of $29.4 million ($0.82 per diluted common share) for the third quarter of 2019 and a loss of $14.3 million ($0.31 per diluted common share) for the second quarter of 2020.
Carol Richardson, Sandy Spring Bank Division Executive of Personal and Business Banking
Sandy Spring Bank announced today that Carol Richardson has joined the company as Division Executive of Personal and Business Banking. Richardson will concentrate on leading the bank’s branch network and small business banking group across the Washington DC, Maryland and Virginia region. Her role will be focused on implementing strategic...
Loan Program Reduces Energy Consumption and Greenhouse Gas Emissions in the County The Montgomery County Green Bank (“Green Bank”) and Sandy Spring Bank today announced they have partnered to help another commercial property in the County implement energy-saving measures that will improve operating costs and reduce greenhouse gas emissions in...