Sandy Spring Bancorp Inc

SASR

Market cap $1.26B

RICHMOND, Va. & OLNEY, Md.--(BUSINESS WIRE)--Shareholder and regulatory approval of Sandy Spring Acquisition.

OLNEY, Md., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 per share payable on February 19, 2025 to shareholders of record on February 12, 2025. This dividend is consistent with the previous linked quarter and the first quarter of 2024.

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.60 per share a year ago.

OLNEY, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported a net loss of $39.5 million ($0.87 per diluted common share) for the quarter ended December 31, 2024, compared to net income of $16.2 million ($0.36 per diluted common share) for the third quarter of 2024 and $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023.   The current quarter's net loss is a result of a $54.4 million goodwill impairment charge determined during our annual goodwill impairment test based on the terms of the merger agreement with Atlantic Union Bankshares Corporation ("AUB").   The goodwill impairment is a non-cash charge and has no impact on the Company's regulatory capital ratios, cash flows, core operating performance or liquidity position.

OLNEY, Md., Jan. 14, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will release its fourth quarter earnings for 2024 on Tuesday, January 28, 2025.

RICHMOND, Va. & OLNEY, Md.--(BUSINESS WIRE)--Atlantic Union Bankshares receives approval from Federal Reserve for Sandy Spring acquistion.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sandy Spring Bancorp (NasdaqGS: SASR) to Atlantic Union Bankshares Corporation (NYSE: AUB). Under the terms of the proposed transaction, shareholders of Sandy Spring will receive 0.900 shares of Atlantic Union for each share of Sandy Spring that they own. KSF is seeking to determine whether this consideration.

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Sandy Spring (Nasdaq: SASR) for possible breaches of fiduciary duty and other violations of law in its transaction with Atlantic Union. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Sandy Spring common stock will be converted into the right to receive 0.900 shares of Atlantic Union common stock or approximately $34.93 per of Sandy Sp.

NEW YORK, NY / ACCESSWIRE / October 24, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Sandy Spring Bancorp (NASDAQ:SASR)'s sale to Atlantic Union Bankshares Corporation for 0.900 shares of Atlantic Union common stock for each share of Sandy Spring. If you are a Sandy Spring shareholder, click here to learn more about your rights and options.

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sandy Spring Bancorp, Inc. ( Nasdaq: SASR ), relating to a proposed merger with Atlantic Union Bankshares Corp. Under the terms of the agreement, all Sandy Spring shares will automatically be converted into the right to receive 0.900 Atlantic Union shares, and cash in lieu of fractional shares.