Quarterly ResultJul 24, 2026, 04:07 PM
Shore Bancshares Q2 Net Income $18.9M; EPS $0.56; ROATCE 15.66%
AI Summary
Shore Bancshares reported strong financial results for the second quarter of 2026, with net income rising to $18.9 million, or $0.56 per diluted share, and a non-GAAP ROATCE of 15.66%. The company saw modest loan growth and an improved net interest margin, alongside a slight decrease in total deposits, offset by core deposit growth. Management provided a positive full-year 2026 outlook, anticipating continued growth in loans and deposits, and a stable net interest margin.
Key Highlights
- Q2 2026 Net Income was $18.9 million, an increase of 10.4% quarter-over-quarter.
- Diluted EPS for Q2 2026 was $0.56.
- Non-GAAP Return on Average Tangible Common Equity (ROATCE) reached 15.66% in Q2 2026.
- Total period-end loans were $4.88 billion, up 0.6% from Q1 2026.
- Total period-end deposits were $5.40 billion, a decrease of 1.1% from Q1 2026, though core deposits increased 1.0%.
- Net interest margin (NIM) increased by 6 basis points to 3.70% in Q2 2026.
- The company projects low-single digit loan growth and mid-single digit deposit growth for the full year 2026.
- Full-year 2026 net interest margin is expected to be between 3.60% and 3.70%.
Price Impact
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