Sandy Spring Bancorp, Inc. (SASR) financial statements (2021 and earlier)

Company profile

Business Address 17801 GEORGIA AVE
OLNEY, MD 20832
State of Incorp.
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297225835262146210231
Cash and cash equivalents297224834261146210231
Short-term investments1111   
Disposal group, including discontinued operation78896967547951
Total current assets:376314904329200289282
Noncurrent Assets
Operating lease, right-of-use asset656870686971 
Property, plant and equipment58595958595960
Intangible assets, net (including goodwill)403405407389355355356
Goodwill370371371370347347347
Intangible assets, net (excluding goodwill)33343620889
Total noncurrent assets:526531536515483486416
Other undisclosed assets11,89711,83311,8508,0867,9477,6637,701
TOTAL ASSETS:12,79812,67813,2908,9308,6298,4388,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt230   134  
Total current liabilities:230   134  
Noncurrent Liabilities
Other undisclosed liabilities11,09811,25311,9007,8137,3627,2977,279
Total liabilities:11,32811,25311,9007,8137,4967,2977,279
Stockholders' equity
Stockholders' equity attributable to parent1,4701,4251,3901,1161,1331,1401,119
Common stock47474734353636
Additional paid in capital847845844563587609608
Accumulated other comprehensive income (loss)1917156(4)(3)(4)
Retained earnings557515484513516498479
Total stockholders' equity:1,4701,4251,3901,1161,1331,1401,119
TOTAL LIABILITIES AND EQUITY:12,79812,67813,2908,9308,6298,4388,399

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues11311511686878988
Net investment income11211311584858787
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
89(7)(59)(24)(2)(2)(2)
Gross profit:2021085762858886
Operating expenses(18)(15)(35)(11)(15)(11)(10)
Other operating income (expense), net(7)122(14)22
Noninterest income, other operating income 122 22
Operating income:177952453567979
Nonoperating income
(Bank Owned Life Insurance Income)
1111111
Interest and debt expense(12)(16)(13)(20)(20)(20)(21)
Other undisclosed loss from continuing operations before equity method investments, income taxes(91)(21)(32)(23)(0)(20)(21)
Income (loss) from continuing operations before income taxes:7559(20)10373937
Income tax expense (benefit)(18)(14)5(0)(9)(10)(9)
Net income (loss) attributable to parent:5745(14)10282928
Other undisclosed net loss available to common stockholders, basic(0)(0)     
Net income (loss) available to common stockholders, diluted:5644(14)10282928

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):5745(14)10282928
Other comprehensive income (loss)13811(2)15
Comprehensive income (loss), net of tax, attributable to parent:5847(6)21273034

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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