Sandy Spring Bancorp, Inc. (SASR) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments146101113134739674
Cash and cash equivalents146101113134739674
Disposal group, including discontinued operation542310131511 
Assets held-for-sale8
Total current assets:2001241221478810783
Noncurrent Assets
Operating lease, right-of-use asset69
Property, plant and equipment59625554534946
Intangible assets, net (including goodwill)3553578686848586
Goodwill3473478686848484
Intangible assets, net (excluding goodwill)81011011
Total noncurrent assets:483419141140138134131
Other undisclosed assets7,9477,7015,1834,8044,4304,1563,892
TOTAL ASSETS:8,6298,2435,4475,0914,6554,3974,106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt134626575470280250 
Total current liabilities:134626575470280250 
Noncurrent Liabilities
Other undisclosed liabilities7,3626,5494,3084,0883,8513,6253,607
Total liabilities:7,4967,1754,8834,5584,1313,8753,607
Stockholders' equity
Stockholders' equity attributable to parent1,1331,068564534524522499
Common stock35362424242525
Additional paid in capital587607168166176195193
Accumulated other comprehensive loss(4)(16)(7)(7)(1)(1)(3)
Retained earnings516442378350326303284
Total stockholders' equity:1,1331,068564534524522499
TOTAL LIABILITIES AND EQUITY:8,6298,2435,4475,0914,6554,3974,106

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues354329234208195187 
Net investment income348323195170158148 
Financial services revenue40383739 
Cost of revenue(5)(9)(3)(6)(5)(0) 
Provision for loan, lease, and other losses(5)(9)
Financial services costs(3)(6)(5)(0) 
Gross profit:350320231202190187 
Operating expenses(44)(51)(106)(100)(99)(117)(77)
Other operating income (expense), net(8)(8)(5)(3)(4)(5)16
Noninterest income, other operating income9767757
Other expenses(17)(15)(11)(10)(11)(11)9
Operating income (loss):298261120998665(60)
Nonoperating income3422321
Losses on sales of other real estate     (0)(1)
Bank owned life insurance income3422322
Interest and debt expense(83)(64)(26)(21)(20)(19)(19)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(66)(69)(9)(9)(1)7145
Income from continuing operations before income taxes:1531338872675667
Income tax expense(36)(32)(35)(24)(22)(18)(23)
Net income available to common stockholders, diluted:1161015348453844

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1161015348453844
Other comprehensive income (loss)11(7)(0)(5)(0)2(14)
Comprehensive income, net of tax, attributable to parent:128935343454030

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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