- Sandy Spring exited 2021 with strong lending momentum, including well above-average C&I lending growth as the company looks to leverage competitive hires and gain share in the D.C. market.
- Sandy Spring is not rate-sensitive, though that may not be such a negative as high energy prices could lead to less rate activity in 2022 than the market previously expected.
- Lending growth in the D.C.-Baltimore area should drive mid-to-high single-digit core earnings growth, supporting a double-digit long-term total annualized return.
For further details see:
Sandy Spring Bancorp Carrying Strong Loan Growth Into 2022