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Dec 31, 2021
Sandy Spring Q4 2021 Earnings Report
Sandy Spring Bancorp achieved net income of $45.4 million and core earnings of $47.8 million for Q4 2021, driven by commercial loan production.
Key Takeaways
Sandy Spring Bancorp reported a net income of $45.4 million for the quarter ended December 31, 2021, compared to $56.7 million for the same quarter of the prior year. Core earnings were $47.8 million, down from $55.7 million in the prior year quarter. The company experienced record commercial loan production in the fourth quarter, fueling continued growth.
Core earnings for Q4 2021 were $47.8 million, compared to $55.7 million for the prior year quarter.
Total assets were $12.6 billion at December 31, 2021, a 2% decrease compared to December 31, 2020.
Funded commercial loan production increased to $937.3 million, up 115% compared to $435.2 million for the same quarter of the prior year.
Net interest margin was 3.51% for Q4 2021, compared to 3.38% for the same quarter of 2020.
Forward Guidance
The earnings report does not contain specific forward guidance. It highlights the company's recent performance and strategic initiatives.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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