Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Q3 2023 Earnings Conference Call October 24, 2023 2:00 PM ET

Company Participants

Daniel Schrider - President and CEO

Philip Mantua - Executive Vice President and Chief Financial Officer

Aaron Kaslow - General Counsel and Chief Administrative Officer

Conference Call Participants

Russell Gunther - Stephens

Casey Whitman - Piper Sandler

Catherine Mealor - KBW

Manuel Navas - D.A Davidson

Operator

Hello, and welcome to today's Sandy Spring Bancorp, Inc. Earnings Conference Call and Webcast for the Third Quarter. My name is Jordan and I'll be coordinating your call today. [Operator Instructions]

I'm now going to hand over to Dan J. Schrider, President and CEO to begin. Dan, please go ahead.

Daniel Schrider

Thank you and good afternoon, everyone and thank you for joining our call to discuss Sandy Spring Bancorp's performance for the third quarter of 2023. This is Dan Schrider and I'm joined here by my colleagues Phil Mantua, Chief Financial Officer; and Aaron Kaslow, our General Counsel and Chief Administrative Officer. Our today's call is open to all investors, analysts and the media. There is a live webcast of today's call, and a replay will be available on our website later today.

Before we get started covering highlights from the quarter and then moving to your questions, Aaron will give the customary Safe Harbor statement.

Aaron Kaslow

Thank you, Dan. Good afternoon, everyone. Sandy Spring Bancorp will make forward-looking statements in this webcast that are subject to risks and uncertainties. These forward-looking statements include statements of goals, intentions, earnings and other expectations, estimates of risks and future costs and benefits, assessments of expected credit losses, assessments of market risk and statements of the ability to achieve financial and other goals.

These forward-looking statements are subject to significant uncertainties because they are based upon or affected by management's estimates and projections of future interest rates, market behavior, other economic conditions, future laws and regulations and a variety of other matters, which by their very nature, are subject to significant uncertainties. Because of these uncertainties, Sandy Spring Bancorp's actual future results may differ materially from those indicated. In addition, the Company's past results of operations do not necessarily indicate its future results.

Daniel Schrider

Thanks Aaron. When we spoke with you last quarter we underscored that some of our most pressing priorities included growing core funding, improving liquidity and expanding our client base. And I'm pleased to report today that we're showing impressive results on all those fronts. These gains are not only important to our performance today, but they pave a way for us to continue to deepen and expand our client base in the future.