SHORE BANCSHARES INC

Shore Bancshares, Inc. reported its third quarter 2026 financial results, with net income available to common equity of $16.8 million, or $0.50 per diluted share. The company's total assets grew to $6.45 billion, and total deposits increased to $5.70 billion. The net interest margin saw an improvement, rising to 3.78%, and the adjusted efficiency ratio decreased to 53.30%. Capital ratios remained strong, with the Common Equity Tier 1 ratio at 11.43% and the Total Risk-Based Capital Ratio at 14.53%. The company also provided an investor presentation with financial information for potential investor and analyst meetings.

Shore Bancshares, Inc. announced its third quarter 2026 results, reporting net income of $16.8 million, or $0.50 per diluted share. This represents a decrease from the previous quarter's $18.9 million ($0.56/share) but an increase compared to $14.3 million ($0.43/share) in the third quarter of 2025. The company highlighted strong core earnings driven by a higher net interest margin and improved operating leverage, with Pre-tax Pre-provision Income (PTPP) rising 5.6% sequentially. However, asset quality showed some deterioration, with nonperforming assets increasing due to issues in the multifamily loan portfolio, leading to a higher provision for credit losses. The company also continued its capital return program with a $0.14 per share dividend and share repurchases.

Shore Bancshares reported a strong increase in net income and diluted earnings per share for the second quarter of 2026, with net income rising 21.65% to $18.87 million and diluted EPS reaching $0.56. Net interest income also saw a significant increase of 12.19% year-over-year. However, the company experienced a decrease in total assets and deposits compared to year-end 2025, and nonaccrual loans increased substantially, indicating some balance sheet challenges despite robust earnings growth.

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.

Shore Bancshares, Inc. notified Nasdaq of non-compliance with audit committee independence rules. This stemmed from $10,555 in payments made to a law firm where director Louis P. Jenkins, Jr. was a partner, for legal services rendered while he served on the Audit Committee. To rectify the violation, Mr. Jenkins resigned from the Audit Committee, which is now fully compliant with Nasdaq requirements.

Shore Bancshares, Inc. reported strong second quarter 2026 results with net income of $18.9 million, or $0.56 per diluted common share, an increase from $17.1 million and $0.51 per share in the prior quarter. The company saw improvements in its Return on Average Assets (ROAA) to 1.24% and Net Interest Margin (NIM) to 3.70%. Additionally, Shore Bancshares increased its quarterly dividend by 16.7% to $0.14 per share and initiated a $30 million share repurchase program, buying back 40,093 shares for $891 thousand during the quarter. While nonperforming assets increased year-over-year, they slightly decreased quarter-over-quarter, and the efficiency ratio improved to 57.76%.

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.