Sandy Spring Bancorp Inc
Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services in the United States. It engages in deposit, treasury, and borrowing activities. Its loan products include commercial real estate loans, construction loans, and commercial business loans; residential real estate loans; and… Read more
Sandy Spring Bancorp Inc (SASR) - Net Assets
Latest net assets as of December 2024: $1.56 Billion USD
Based on the latest financial reports, Sandy Spring Bancorp Inc (SASR) has net assets worth $1.56 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.13 Billion) and total liabilities ($12.57 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.56 Billion |
| % of Total Assets | 11.03% |
| Annual Growth Rate | 11.06% |
| 5-Year Change | 5.99% |
| 10-Year Change | 197.09% |
| Growth Volatility | 17.12 |
Sandy Spring Bancorp Inc - Net Assets Trend (1994–2024)
This chart illustrates how Sandy Spring Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sandy Spring Bancorp Inc (1994–2024)
The table below shows the annual net assets of Sandy Spring Bancorp Inc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.56 Billion | -1.90% |
| 2023-12-31 | $1.59 Billion | +7.03% |
| 2022-12-31 | $1.48 Billion | -2.36% |
| 2021-12-31 | $1.52 Billion | +3.38% |
| 2020-12-31 | $1.47 Billion | +29.74% |
| 2019-12-31 | $1.13 Billion | +6.09% |
| 2018-12-31 | $1.07 Billion | +89.41% |
| 2017-12-31 | $563.82 Million | +5.67% |
| 2016-12-31 | $533.57 Million | +1.74% |
| 2015-12-31 | $524.43 Million | +0.51% |
| 2014-12-31 | $521.75 Million | +4.48% |
| 2013-12-31 | $499.36 Million | +3.28% |
| 2012-12-31 | $483.51 Million | +8.38% |
| 2011-12-31 | $446.11 Million | +9.46% |
| 2010-12-31 | $407.57 Million | +9.10% |
| 2009-12-31 | $373.59 Million | -4.66% |
| 2008-12-31 | $391.86 Million | +24.15% |
| 2007-12-31 | $315.64 Million | +32.75% |
| 2006-12-31 | $237.78 Million | +9.13% |
| 2005-12-31 | $217.88 Million | +11.69% |
| 2004-12-31 | $195.08 Million | +0.84% |
| 2003-12-31 | $193.45 Million | +8.26% |
| 2002-12-31 | $178.69 Million | +18.60% |
| 2001-12-31 | $150.67 Million | +18.12% |
| 2000-12-31 | $127.56 Million | +17.35% |
| 1999-12-31 | $108.70 Million | -1.98% |
| 1998-12-31 | $110.90 Million | +5.92% |
| 1997-12-31 | $104.70 Million | +8.39% |
| 1996-12-31 | $96.60 Million | +23.69% |
| 1995-12-31 | $78.10 Million | +16.64% |
| 1994-12-31 | $66.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sandy Spring Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1990.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $856.61 Million | 54.98% |
| Other Comprehensive Income | $-92.65 Million | -5.95% |
| Other Components | $794.04 Million | 50.97% |
| Total Equity | $1.56 Billion | 100.00% |
Sandy Spring Bancorp Inc Competitors by Market Cap
The table below lists competitors of Sandy Spring Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Maharashtra
NSE:MAHABANK
|
$1.22 Billion |
|
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
|
$1.22 Billion |
|
KEYMED BIOSCIENCES -0001
F:64Z
|
$1.22 Billion |
|
Quidel Corporation
NASDAQ:QDEL
|
$1.22 Billion |
|
STORSKOGEN GROUP AB SER.B
F:0VK
|
$1.21 Billion |
|
Chengdu Xingrong Investment Co Ltd
SHE:000598
|
$1.21 Billion |
|
Bitfarms Ltd
NASDAQ:BITF
|
$1.21 Billion |
|
Hubei Jumpcan Pharmaceutical Co Ltd
SHG:600566
|
$1.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sandy Spring Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,588,142,000 to 1,558,011,000, a change of -30,131,000 (-1.9%).
- Net income of 19,935,000 contributed positively to equity growth.
- Dividend payments of 61,638,000 reduced retained earnings.
- Share repurchases of 3,513,000 reduced equity.
- New share issuances of 1,359,000 increased equity.
- Other comprehensive income increased equity by 4,684,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.93 Million | +1.28% |
| Dividends Paid | $61.64 Million | -3.96% |
| Share Repurchases | $3.51 Million | -0.23% |
| Share Issuances | $1.36 Million | +0.09% |
| Other Comprehensive Income | $4.68 Million | +0.3% |
| Other Changes | $9.04 Million | +0.58% |
| Total Change | $- | -1.90% |
Book Value vs Market Value Analysis
This analysis compares Sandy Spring Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.31x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $5.26 | $27.95 | x |
| 1995-12-31 | $6.05 | $27.95 | x |
| 1996-12-31 | $6.61 | $27.95 | x |
| 1997-12-31 | $7.18 | $27.95 | x |
| 1998-12-31 | $7.62 | $27.95 | x |
| 1999-12-31 | $7.54 | $27.95 | x |
| 2000-12-31 | $8.88 | $27.95 | x |
| 2001-12-31 | $10.34 | $27.95 | x |
| 2002-12-31 | $12.15 | $27.95 | x |
| 2003-12-31 | $13.15 | $27.95 | x |
| 2004-12-31 | $13.31 | $27.95 | x |
| 2005-12-31 | $14.75 | $27.95 | x |
| 2006-12-31 | $15.91 | $27.95 | x |
| 2007-12-31 | $19.71 | $27.95 | x |
| 2008-12-31 | $23.85 | $27.95 | x |
| 2009-12-31 | $22.80 | $27.95 | x |
| 2010-12-31 | $18.30 | $27.95 | x |
| 2011-12-31 | $18.47 | $27.95 | x |
| 2012-12-31 | $19.58 | $27.95 | x |
| 2013-12-31 | $19.91 | $27.95 | x |
| 2014-12-31 | $20.75 | $27.95 | x |
| 2015-12-31 | $21.23 | $27.95 | x |
| 2016-12-31 | $22.09 | $27.95 | x |
| 2017-12-31 | $23.29 | $27.95 | x |
| 2018-12-31 | $30.06 | $27.95 | x |
| 2019-12-31 | $31.60 | $27.95 | x |
| 2020-12-31 | $33.31 | $27.95 | x |
| 2021-12-31 | $32.40 | $27.95 | x |
| 2022-12-31 | $32.94 | $27.95 | x |
| 2023-12-31 | $35.33 | $27.95 | x |
| 2024-12-31 | $34.44 | $27.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sandy Spring Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.07x
- Recent ROE (1.28%) is below the historical average (10.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 11.98% | 186.99% | 0.01x | 11.41x | $1.32 Million |
| 1995 | 11.40% | 26.49% | 0.04x | 10.17x | $1.09 Million |
| 1996 | 11.90% | 26.81% | 0.04x | 10.13x | $1.84 Million |
| 1997 | 12.61% | 26.29% | 0.04x | 10.71x | $2.73 Million |
| 1998 | 14.52% | 27.95% | 0.04x | 12.11x | $5.01 Million |
| 1999 | 16.10% | 27.09% | 0.04x | 14.64x | $6.63 Million |
| 2000 | 14.71% | 25.04% | 0.04x | 13.90x | $6.01 Million |
| 2001 | 15.36% | 26.11% | 0.04x | 13.82x | $8.08 Million |
| 2002 | 17.19% | 28.29% | 0.05x | 12.91x | $12.84 Million |
| 2003 | 16.58% | 29.78% | 0.05x | 12.06x | $12.72 Million |
| 2004 | 7.36% | 13.63% | 0.05x | 11.84x | $-5.14 Million |
| 2005 | 15.19% | 26.46% | 0.05x | 11.29x | $11.31 Million |
| 2006 | 13.82% | 24.59% | 0.05x | 10.98x | $9.09 Million |
| 2007 | 10.22% | 21.64% | 0.05x | 9.64x | $698.00K |
| 2008 | 4.03% | 10.20% | 0.05x | 8.46x | $-23.41 Million |
| 2009 | -3.98% | -9.97% | 0.04x | 9.72x | $-52.21 Million |
| 2010 | 5.77% | 14.51% | 0.05x | 8.64x | $-17.24 Million |
| 2011 | 7.64% | 21.78% | 0.04x | 8.32x | $-10.51 Million |
| 2012 | 7.56% | 21.74% | 0.04x | 8.18x | $-11.80 Million |
| 2013 | 8.90% | 25.04% | 0.04x | 8.22x | $-5.51 Million |
| 2014 | 7.32% | 21.65% | 0.04x | 8.43x | $-13.98 Million |
| 2015 | 8.65% | 24.11% | 0.04x | 8.88x | $-7.09 Million |
| 2016 | 9.04% | 24.05% | 0.04x | 9.54x | $-5.11 Million |
| 2017 | 9.44% | 24.18% | 0.04x | 9.66x | $-3.17 Million |
| 2018 | 9.45% | 31.37% | 0.04x | 7.72x | $-5.93 Million |
| 2019 | 10.28% | 34.59% | 0.04x | 7.62x | $3.14 Million |
| 2020 | 6.60% | 20.81% | 0.04x | 8.71x | $-50.04 Million |
| 2021 | 15.47% | 44.65% | 0.04x | 8.29x | $83.14 Million |
| 2022 | 11.21% | 33.43% | 0.04x | 9.32x | $17.92 Million |
| 2023 | 7.74% | 29.29% | 0.03x | 8.83x | $-35.97 Million |
| 2024 | 1.28% | 2.97% | 0.05x | 9.07x | $-135.87 Million |
Industry Comparison
This section compares Sandy Spring Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sandy Spring Bancorp Inc (SASR) | $1.56 Billion | 11.98% | 8.07x | $1.21 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |