Sandy Spring Bancorp, Inc. (SASR) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42029714610111313473
Cash and cash equivalents42029714610111313473
Short-term investments11     
Disposal group, including discontinued operation39785423101315
Total current assets:46037620012412214788
Noncurrent Assets
Operating lease, right-of-use asset586569
Property, plant and equipment60585962555453
Intangible assets, net (including goodwill)396403355357868684
Goodwill370370347347868684
Intangible assets, net (excluding goodwill)2633810110
Total noncurrent assets:514526483419141140138
Other undisclosed assets11,61711,8977,9477,7015,1834,8044,430
TOTAL ASSETS:12,59112,7988,6298,2435,4475,0914,655
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 230134626575470280
Total current liabilities: 230134626575470280
Noncurrent Liabilities
Other undisclosed liabilities11,07111,0987,3626,5494,3084,0883,851
Total liabilities:11,07111,3287,4967,1754,8834,5584,131
Stockholders' equity
Stockholders' equity attributable to parent1,5201,4701,1331,068564534524
Common stock45473536242424
Additional paid in capital751847587607168166176
Accumulated other comprehensive income (loss)(9)19(4)(16)(7)(7)(1)
Retained earnings732557516442378350326
Total stockholders' equity:1,5201,4701,1331,068564534524
TOTAL LIABILITIES AND EQUITY:12,59112,7988,6298,2435,4475,0914,655

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues457430354329234208195
Net investment income450424348323195170158
Financial services revenue403837
Cost of revenue (2)(5)(9)(3)(6)(5)
Provision for loan, lease, and other losses (2)(5)(9)
Financial services costs(3)(6)(5)
Gross profit:457429350320231202190
Operating expenses(53)(74)(44)(51)(106)(100)(99)
Other operating income (expense), net2(2)(8)(8)(5)(3)(4)
Noninterest income, other operating income15997677
Other expenses(13)(11)(17)(15)(11)(10)(11)
Operating income:4063532982611209986
Nonoperating income
(Bank Owned Life Insurance Income)
3334223
Interest and debt expense(26)(60)(83)(64)(26)(21)(20)
Other undisclosed loss from continuing operations before equity method investments, income taxes (171)(66)(69)(9)(9)(1)
Income from continuing operations before equity method investments, income taxes:383124153133887267
Other undisclosed loss from continuing operations before income taxes(72)      
Income from continuing operations before income taxes:312124153133887267
Income tax expense(77)(27)(36)(32)(35)(24)(22)
Net income attributable to parent:23597116101534845
Other undisclosed net loss available to common stockholders, basic(2)(1)     
Net income available to common stockholders, diluted:23496116101534845

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:23597116101534845
Other comprehensive income (loss)(27)2311(7)(0)(5)(0)
Comprehensive income, net of tax, attributable to parent:20812012893534345

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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