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Income Statement
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Common Size IS
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SANDY SPRING BANCORP INC (SASR)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  462.1423.2393.5316.6293.1172.1150.9135.2
        Interest income on investments  20.524.728.027.628.422.019.122.5
        Interest income on repurchase agreements   0.00.00.00.00.00.00.0
       495.7450.3423.6347.9324.1194.8170.6158.3
    Interest expense:  
        Interest on deposits  43.915.041.761.739.113.38.25.9
        Interest on borrowings   2.66.616.621.412.411.613.1
       68.725.860.482.663.626.021.020.1
Net interest income  427.0424.5363.2265.3260.4168.8149.6138.2
Provision for loan losses   -1.21.6 9.03.05.55.4
Net interest income after provision for loan losses  427.0425.8361.6265.3251.4165.8144.0132.8
        Deposit and loan fees  9.8      7.6
        Credit and debit card fees         4.7
        Gain on sale of investments, net         0.0
        Other non-interest income  77.2102.1102.771.361.051.251.037.6
Total non-interest income  87.0102.1102.771.361.051.251.049.9
Non-interest expenses  257.3260.5255.8179.1179.8129.1123.1115.3
Pre-tax income before non-recurring items  238.9311.7149.6154.2144.592.272.063.5
Non-recurring items  16.50.025.21.311.84.3 -3.9
Pre-tax income  222.4311.7124.4152.9132.787.972.067.4
Income taxes  56.176.627.536.431.834.723.722.0
            Tax rate  25.2%24.6%22.1%23.8%24.0%39.5%33.0%32.7%
Net income  166.3235.197.0116.4100.953.248.345.4
            Net margin  31.8%44.5%20.9%34.6%32.3%24.5%24.7%24.8%
   
Basic EPS  $3.69$5.00$2.19$3.25$2.82$2.20$2.00$1.84
Diluted EPS  $3.68$5.00$2.19$3.25$2.82$2.20$2.00$1.84
   
Shares outstanding (basic)  45.147.044.335.835.724.224.124.7
Shares outstanding (diluted)  45.247.044.335.835.724.224.124.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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