Net Income Analysis ( % relative to Total Revenue )
Income Statement Sandy Spring Bank All Insured Commercial Banks in Maryland
Interest and Fees on Loans 151,254 26,755
Income from Lease Financing Receivables — 11
135 96
Estimated Tax Benefit from Tax-Exempt Loan Income 67 47
Income on Loans and Leases (TE) 151,321 26,874
Investment Interest Income (TE) 20,680 1,967
Total Interest Income (TE) 174,049 29,482
Total Interest Expense 21,030 3,317
Net Interest Income (TE) 153,019 26,146
Non-Interest Income 47,948 6,777
Adjusted Operating Income (TE) 200,967 33,615
Non-interest Expense 121,962 22,749
Provision for Loan & Lease Losses 5,545 1,334
Pretax Operating Income (TE) 73,460 9,401
Pretax Net Operating Income (TE) 75,393 9,540
Applicable Income Taxes 23,655 2,919
Net Operating Income 47,935 6,445
Net Income 47,935 6,445
Cash Dividends Declared 43,975 2,002
Retained Earnings 3,960 3,243