SHORE BANCSHARES INC

Shore Bancshares, Inc. announced that its wholly-owned subsidiary, Shore United Bank, N.A., appointed B. Scot Ebron as its new President, effective June 15, 2026. Mr. Ebron, 57, who has served as the Bank's Chief Banking Officer since July 2023, was also appointed to the Bank's Board of Directors. James M. Burke will continue in his roles as Chief Executive Officer of the Bank and President and Chief Executive Officer of Shore Bancshares.

Shore Bancshares, Inc. held its annual meeting on May 20, 2026, where stockholders voted on several key matters. Shareholders elected five individuals to the Board of Directors for three-year terms. Additionally, a non-binding resolution to approve the compensation of named executive officers was passed, and the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Shore Bancshares reported a strong first quarter for 2026, with net income increasing by 24.15% to $17.09 million and basic EPS rising to $0.51. Net interest income grew by 14.49% to $52.56 million, primarily due to a 13.97% decrease in interest expense and a significant reduction in provision for credit losses. However, total nonaccrual loans increased significantly by 62.56% to $64.96 million compared to December 31, 2025.

Shore Bancshares, Inc. reported record net income of $17.1 million, or $0.51 per diluted share, for the first quarter of 2026. The company's net interest margin increased by 21 basis points to 3.64%, and its return on average tangible common equity reached 14.83%. This investor presentation provides financial information for potential meetings with investors and analysts, highlighting improving profitability, strong credit performance, and strategic focus areas for 2026.

Shore Bancshares, Inc. reported record net income of $17.1 million, or $0.51 per diluted common share, for the first quarter of 2026, an increase from $15.9 million in the prior quarter. This growth was driven by a $2.4 million increase in net interest income and a $2.7 million decrease in the provision for credit losses. The company also saw its Net Interest Margin expand by 21 basis points to 3.64% and book value per share rise to $18.02. However, nonperforming assets increased to 1.10% of total assets, indicating some deterioration in asset quality.