SANDY SPRING BANCORP INC
sandyspringbank.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 20, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Jul 15, 2025.
10-K for FY2024, filed Feb 20, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Provides commercial and retail banking, mortgage, and wealth-management services to businesses and consumers in its local markets.
10-K for FY2024, filed Feb 20, 2025
How Did They Make Money?
Earns interest on outstanding loans at their contractual rates, and collects wealth-management fees based on the value of customers’ managed investments. It also earns fees for account maintenance, overdrafts and other account services, charged monthly or when the service occurs.
10-K for FY2024, filed Feb 20, 2025The Company’s revenue includes net interest income on financial instruments and non-interest income. Specific categories of revenue are…View ↗
West Financial and RPJ provide comprehensive investment management and financial planning services. Wealth management income is comprised…View ↗
Service charges on deposit accounts are earned on depository accounts for consumer and commercial account holders and include fees for…View ↗
The Company’s financing receivables consist primarily of loans that are stated at their principal balance outstanding, net of any unearned…View ↗
$672.3M
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10-K for FY2024, filed Feb 20, 2025
$672.3M ↗
Who Were Their Customers?
Sandy Spring Bank serves businesses and consumers in its local market area, including small and midsize commercial borrowers, and offers commercial and retail banking, mortgage, private banking and trust services.
10-K for FY2024, filed Feb 20, 2025Bancorp is registered as a bank holding company pursuant to the Bank Holding Company Act of 1956, as amended (the "Holding Company Act")…View ↗
The Company is a community banking organization that focuses its lending and other services on businesses and consumers in the local market…View ↗
Our commercial loans consist of commercial real estate loans, commercial construction loans and commercial business loans. Our commercial…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2024 and turned 10 cents into free cash flow.
How Were They Changing?
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Apr 1, 2025
Sandy Spring merged into Atlantic Union
Sandy Spring Bank also merged into Atlantic Union Bank, which survived as the bank.
Sources
8-K, filed Apr 1, 2025
Pursuant to the Merger Agreement, on the Closing Date, Sandy Spring merged with and into Atlantic Union (the “Merger”), with Atlantic Union…View ↗
Grew. Revenue grew 59% in 4 years, from $423.6M in FY2020 to $672.3M in FY2024, about 12% a year.
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