| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 5.13 | 10.2% | 8.2% |
| Total Income | 5.13 | 10.2% | 8.2% |
| Expenditure | -13.85 | 7.2% | 35.4% |
| PBT | 18.99 | 8.0% | 26.9% |
| Net Profit | 14.35 | 7.5% | 28.2% |
| OPM | — | ||
| NPM | 100.00% | 0.00pp | 0.00pp |
| EPS | 0.43 | 6.5% | 26.5% |
Shore Bancshares Reports Q3 2025 Net Income of $14.3 Million
04 May 2026 · 4 May, 8:52 am
Summary
Shore Bancshares, Inc. reported net income for the third quarter of 2025 of $14.3 million, or $0.43 per diluted common share. Net interest income for the quarter increased by $1.4 million to $48.7 million compared to the previous quarter. The net interest margin expanded by 7 basis points to 3.42%. Total assets reached $6.28 billion, a slight increase from the end of 2024. For the nine months ended September 30, 2025, net income was $43.6 million, significantly higher than the $30.6 million reported for the same period in 2024.
Key Highlights
- 1
Shore Bancshares reported net income for the third quarter of 2025 of $14.3 million, or $0.43 per diluted common share.
- 2
Net interest income for the third quarter of 2025 increased $1.4 million to $48.7 million from the second quarter of 2025.
- 3
The Company's net interest margin increased 7 basis points to 3.42% during the third quarter of 2025 from 3.35% in the second quarter of 2025.
- 4
Book value per share increased to $17.27 at September 30, 2025 from $16.94 at June 30, 2025.
- 5
Total assets were $6.28 billion at September 30, 2025, an increase of $47.7 million, or 0.8%, when compared to December 31, 2024.
- 6
The efficiency ratio for the third quarter of 2025 was 61.00% compared to 67.49% for the third quarter of 2024.
- 7
Net income for the nine months ended September 30, 2025 was $43.6 million, compared to $30.6 million for the nine months ended September 30, 2024.
Management Comments
James (“Jimmy”) M. Burke
“We continue to demonstrate resilience and operational strength in the third quarter. Despite a modest decline in net income for the quarter due to a large marine loan write-off and softer noninterest income, we saw meaningful expansion in net interest margin and continued growth in book value per share. Asset quality remains sound, supported by strong collateral and prudent reserve levels, despite a temporary increase in nonperforming and classified assets driven by a few commercial real estate exposures. As we navigate a dynamic environment, we remain focused on enhancing operating leverage through strategic investments in technology and talent. We are confident in our ability to deliver sustainable long-term value.”
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