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Sandy Spring National Bank of Maryland

Olney, MD · Cert 4865

FDIC · 55 branches

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=157). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

66

Q2 2024Q1 2025peer median (50)

Asset Quality

20

Q2 2024Q1 2025peer median (50)

Profitability

11

Q2 2024Q1 2025peer median (50)

Liquidity

0

Q2 2024Q1 2025peer median

Efficiency

4

Q2 2024Q1 2025peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Sandy Spring National Bank of Maryland

Olney, MD · Cert 4865

FDIC · 55 branches

Q1 2025

$13.8BAssets
$11.5BLoans
$11.3BDeposits
$1.8BEquity
Loan mix
81%RE $6.5B18%C&I $1.5B0%Consumer $0.0BQ2 2023Q1 2025
Deposit mix
75%Interest-bearing $8.4B25%Noninterest $2.9BQ2 2023Q1 2025

Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2024 SOD (annual) · 3.1% share · #8 of 71 inst. · $9.2B of $291.7B

11.6% Montgomery
1.2% Fairfax
11.0% Howard
6.1% Anne Arundel

Executive Summary

  • Earnings: ROA of 0.06%, down 59 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 1.00% of loans (+26 bps YoY), with net charge-offs at 1.19%.
  • Capital: tier 1 leverage ratio of 11.63%, up 28 bps from a year ago.
  • Funding: loans stand at 101.23% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

0.06%-59 bps YoY

Net Interest Margin (YTD, annualized)

2.65%+25 bps YoY

Efficiency Ratio (YTD, annualized)

80.23%+1,498 bps YoY

Tier 1 Leverage Ratio

11.63%+28 bps YoY

NIM

4.34%Q1 ’234.72%Q1 ’244.65%Q1 ’25-19%+11%

Non-interest income vs. expense

1.89%Q1 ’231.92%Q1 ’242.57%Q1 ’25-2%+46%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets1.18%1.01%0.96%0.65%0.69%0.63%0.22%0.06%-59 bps
Return on Equity9.18%7.85%7.46%4.99%5.25%4.82%1.66%0.46%-453 bps
Net Interest Margin2.84%2.75%2.68%2.39%2.42%2.41%2.41%2.65%+25 bps
Efficiency Ratio57.74%60.67%61.58%65.25%64.53%65.59%66.51%80.23%+1,498 bps
Non-Interest Burden1.43%1.47%1.46%1.39%1.39%1.41%1.82%2.03%+64 bps
Growth
Asset Growth (YoY)5.19%2.68%1.41%-1.72%0.10%1.76%0.71%-0.85%+87 bps
Loan Growth (YoY)5.38%0.79%-0.27%-0.27%0.98%1.72%1.61%0.71%+98 bps
Deposit Growth (YoY)-0.23%3.77%0.78%1.73%3.83%5.48%6.51%-0.26%-200 bps
Asset Quality
Nonperforming Loans / Loans0.43%0.46%0.81%0.74%0.81%1.09%1.03%1.00%+26 bps
Net Charge-Offs / Loans0.03%0.02%0.01%0.04%0.02%0.02%0.03%1.19%+115 bps
Allowance / Loans1.06%1.09%1.06%1.08%1.09%1.14%1.16%1.00%-8 bps
Allowance Coverage of NPLs2.4x2.4x1.3x1.5x1.4x1.0x1.1x1.0x-0.5x
Capital
Tier 1 Leverage Ratio11.50%11.57%11.30%11.35%11.50%11.42%11.33%11.63%+28 bps
Total Risk-Based Capital13.86%14.10%13.84%13.96%14.38%14.48%14.79%14.94%+98 bps
Equity / Assets13.03%12.88%13.06%13.19%13.16%13.07%12.95%13.38%+19 bps
Liquidity & Funding
Loans / Deposits103.17%100.72%102.31%100.25%100.34%97.13%97.61%101.23%+97 bps
Liquid Assets / Assets4.16%6.22%4.99%4.05%3.92%5.99%4.63%2.86%-119 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Sandy Spring National Bank of Maryland

Olney, MD · Cert 4865 · Peer group: banks over $10B in assets (n=157)

FDIC · 55 branches

Q1 2025

$13.8BAssets
$11.5BLoans
$11.3BDeposits
$1.8BEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 81% of banks over $10B in assets (rank 30 of 157).
  • Widest gap: return on equity trails 97% of banks over $10B in assets (rank 152 of 157).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.06%

Rank 152 of 157

Net Interest Margin

2.65%

Rank 116 of 157

Efficiency Ratio

82.40%

Rank 152 of 157

Equity / Assets

13.38%

Rank 30 of 157

Non-interest income vs. expense

$75.1M$360.1MINCOMEEXPENSE
Unfavorable gap of $285.0M · efficiency ratio beats 4% of banks over $10B in assets
Bank 82.40%Peer median 58.2%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.06%0.71%1.05%1.30%Beats 3%152 / 157
Return on Equity0.45%6.37%9.49%11.74%Beats 3%152 / 157
Net Interest Margin2.65%2.63%3.00%3.32%Beats 26%116 / 157
Efficiency Ratio82.40%50.94%58.20%64.54%Beats 4%152 / 157
Asset Quality
Nonperforming Loans / Loans1.00%0.43%0.71%1.09%Beats 29%112 / 157
Net Charge-Offs / Loans0.30%0.02%0.06%0.12%Beats 11%141 / 157
Capital
Tier 1 Capital Ratio13.96%12.27%13.30%15.69%Beats 62%60 / 157
Total Risk-Based Capital Ratio14.94%13.53%14.45%16.90%Beats 55%70 / 157
Equity / Assets13.38%9.44%11.03%12.72%Beats 81%30 / 157
Liquidity & Funding
Loans / Deposits101.23%73.81%83.13%89.67%94th pctl10 / 157
Loans / Assets83.26%58.69%68.04%73.57%97th pctl5 / 157
Brokered Deposits / Depositsn/aNot reported for this institution