Sandy Spring Bancorp (Sandy Spring Bancorp) Allowance For Loans And Lease Losses : $-120.9 Mil (As of Dec. 2023)

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What is Sandy Spring Bancorp Allowance For Loans And Lease Losses?

Sandy Spring Bancorp's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-120.9 Mil.

Sandy Spring Bancorp's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-120.3 Mil) to Sep. 2023 ($-123.4 Mil) but then increased from Sep. 2023 ($-123.4 Mil) to Dec. 2023 ($-120.9 Mil).

Sandy Spring Bancorp's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-109.1 Mil) to Dec. 2022 ($-136.2 Mil) but then increased from Dec. 2022 ($-136.2 Mil) to Dec. 2023 ($-120.9 Mil).

Sandy Spring Bancorp Allowance For Loans And Lease Losses Historical Data

The historical data trend for Sandy Spring Bancorp's Allowance For Loans And Lease Losses 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 Allowance For Loans And Lease Losses Chart

Sandy Spring Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-56.13

-165.37

-109.15

-136.24

-120.87

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
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-117.61	-120.29	-123.36	-120.87	-123.10

Sandy Spring Bancorp Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Sandy Spring Bancorp Allowance For Loans And Lease Losses Related Terms

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Sandy Spring Bancorp (Sandy Spring Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sandy Spring Bancorp Inc (NAS:SASR) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

17801 Georgia Avenue, Olney, MD, USA, 20832

Website

https://www.sandyspringbank.com

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