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Sandy Spring Bancorp (Sandy Spring Bancorp) Effective Interest Rate on Debt % : 38.70% (As of Mar. 2024)


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What is Sandy Spring Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Sandy Spring Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $346.7 Mil. Sandy Spring Bancorp's average total debt for the quarter that ended in Mar. 2024 was $895.9 Mil. Therefore, Sandy Spring Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 38.70%.


Sandy Spring Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Sandy Spring Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sandy Spring Bancorp Effective Interest Rate on Debt % Chart

Sandy Spring Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.26 9.09 6.62 12.57 30.74

Sandy Spring Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.19 25.90 32.71 36.46 38.70

Competitive Comparison of Sandy Spring Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Sandy Spring Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sandy Spring Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Sandy Spring Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sandy Spring Bancorp's Effective Interest Rate on Debt % falls into.



Sandy Spring Bancorp Effective Interest Rate on Debt % Calculation

Sandy Spring Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -282.974/( (920.205+920.803)/ 2 )
=-1  *  -282.974/920.504
=30.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=920.205 + 0
=920.205

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=920.803 + 0
=920.803

Sandy Spring Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -346.684/( (920.803+870.952)/ 2 )
=-1  *  -346.684/895.8775
=38.70 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=920.803 + 0
=920.803

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=870.952 + 0
=870.952

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sandy Spring Bancorp  (NAS:SASR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Sandy Spring Bancorp Effective Interest Rate on Debt % Related Terms

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Sandy Spring Bancorp (Sandy Spring Bancorp) Business Description

Industry
Traded in Other Exchanges
N/A
Address
17801 Georgia Avenue, Olney, MD, USA, 20832
Sandy Spring Bancorp Inc is a community-oriented banking organization that conducts a full-service commercial banking business in Central Maryland, Northern Virginia, and Washington D.C. It conducts business in two operating segments. The Community Banking segment, which is the key revenue driver, involves delivering a broad range of financial products and services, including loan and deposit products to individuals and businesses and The Investment Management segment provides financial planning including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning.
Executives
Craig A Ruppert director
Susan Lynne Pulford officer: EVP, Consumer Banking SANDY SPRING BANK, OLNEY MD 20832
Kenneth C Cook officer: EVP, Division President TWO HOPKINS PLAZA, BALTIMORE MD 21201
Gary John Fernandes officer: EVP, Chief Human Resources Off SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE, OLNEY MD 20832
Daniel J Schrider officer: Executive Vice President
James J Maiwurm director
Mark E Friis director SANDY SPRING BANK, 17801 GEORGIA AVENUE, OLNEY MD 20832
Mark C Michael director C/O WASHINGTONFIRST BANKSHARES, INC., 11921 FREEDOM DRIVE, SUITE 250, RESTON VA 20190
Pamela A Little director SANDY SPRING BANK, 17801 GEORGIA AVENUE, OLNEY MD 20832
Christina B O'meara director SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE, OLNLEY MD 20832
Martz Walter Clayton Ii director SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE, OLNEY MD 20832
Brian J Lemek director SANDY SPRING BANCORP, INC., 17801 GERGIA AVENUE, OLNEY MD 20832
Aaron Michael Kaslow officer: EVP, Gen'l Counsel & Secretary 17801 GEORGIA AVENUE, OLNEY MD 20832
Ronda M Mcdowell officer: EVP, Chief Credit Officer SANDY SPRING BANCORP, INC., 17801 GEORGIA AVENUE, OLNEY MD 20832
Mark C Micklem director 2101 BELLE HAVEN, ALEXANDRIA VA 22307