{"schema_version":"secwatch.filing_event.v1","accession":"0000824410-24-000014","form_type":"8-K","ticker":null,"cik":"0000824410","company_name":"SANDY SPRING BANCORP INC","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.085292+00:00","generated_at":"2026-06-03T13:06:03.152745+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sandy Spring Q1 net income $20.4M ($0.45 EPS) vs $51.3M prior year; NIM 2.41%","bullets":["Net income $20.4M ($0.45 diluted EPS) vs $26.1M ($0.58) linked quarter and $51.3M ($1.14) year ago.","Core earnings $21.9M ($0.49 EPS); net interest income $79.3M, down 3% linked quarter.","Net interest margin 2.41% vs 2.45% prior quarter; provision for credit losses $2.4M vs credit of $3.4M.","Deposits grew $230.7M to $11.2B (+2%); non-performing loans ratio improved to 0.74% from 0.81%.","Tangible book value per share $26.61; common equity tier 1 ratio 10.96%."],"urls":{"canonical":"https://secwatch.observer/filing/0000824410-24-000014","json":"https://secwatch.observer/filing/0000824410-24-000014.json","markdown":"https://secwatch.observer/filing/0000824410-24-000014.md","text":"https://secwatch.observer/filing/0000824410-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/824410/000082441024000014/0000824410-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/824410/000082441024000014/sasr-20240423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T13:06:03.152745+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"607fb08dcd6461c7d6ddf779ee93ff8fff6b1cac","claim":"SANDY SPRING BANCORP INC reported the quarter ended March 31, 2024 results: net income $20.4 million, EPS $0.45 per diluted common share.","evidence_excerpt":"reported net income of $20.4 million ($0.45 per diluted common share) for the quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/824410/000082441024000014/0000824410-24-000014-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$20.4 million"},{"label":"EPS","value":"$0.45 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}