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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2971461011131347396
Cash and cash equivalents2971461011131347396
Short-term investments1      
Disposal group, including discontinued operation78542310131511
Total current assets:37620012412214788107
Noncurrent Assets
Operating lease, right-of-use asset6569
Property, plant and equipment58596255545349
Intangible assets, net (including goodwill)40335535786868485
Goodwill37034734786868484
Intangible assets, net (excluding goodwill)338101101
Total noncurrent assets:526483419141140138134
Other undisclosed assets11,8977,9477,7015,1834,8044,4304,156
TOTAL ASSETS:12,7988,6298,2435,4475,0914,6554,397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt230134626575470280250
Total current liabilities:230134626575470280250
Noncurrent Liabilities
Other undisclosed liabilities11,0987,3626,5494,3084,0883,8513,625
Total liabilities:11,3287,4967,1754,8834,5584,1313,875
Stockholders' equity
Stockholders' equity attributable to parent1,4701,1331,068564534524522
Common stock47353624242425
Additional paid in capital847587607168166176195
Accumulated other comprehensive income (loss)19(4)(16)(7)(7)(1)(1)
Retained earnings557516442378350326303
Total stockholders' equity:1,4701,1331,068564534524522
TOTAL LIABILITIES AND EQUITY:12,7988,6298,2435,4475,0914,6554,397

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues430354329234208195187
Net investment income424348323195170158148
Financial services revenue40383739
Cost of revenue(2)(5)(9)(3)(6)(5)(0)
Provision for loan, lease, and other losses(2)(5)(9)
Financial services costs(3)(6)(5)(0)
Gross profit:429350320231202190187
Operating expenses(74)(44)(51)(106)(100)(99)(117)
Other operating expense, net(2)(8)(8)(5)(3)(4)(5)
Noninterest income, other operating income9976775
Other expenses(11)(17)(15)(11)(10)(11)(11)
Operating income:353298261120998665
Nonoperating income3342232
Bank owned life insurance income3342232
Interest and debt expense(60)(83)(64)(26)(21)(20)(19)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(171)(66)(69)(9)(9)(1)7
Income from continuing operations before income taxes:12415313388726756
Income tax expense(27)(36)(32)(35)(24)(22)(18)
Net income attributable to parent:9711610153484538
Other undisclosed net loss available to common stockholders, basic(1)      
Net income available to common stockholders, diluted:9611610153484538

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:9711610153484538
Other comprehensive income (loss)2311(7)(0)(5)(0)2
Comprehensive income, net of tax, attributable to parent:1201289353434540

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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