SHBI
Shore Bancshares, Inc.18.60
-0.02-0.11%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
621.74MP/E (TTM)
10.88Basic EPS (TTM)
1.71Dividend Yield
0.03%Recent Filings
8-K
8-K
Q3 earnings dip but growth persists
Shore Bancshares reported Q3 2025 net income of $14.3 million, down 7.5% from Q2 amid higher charge-offs, yet net interest income climbed 3.0% to $48.7 million with NIM expanding 7 bps to 3.42%. Loans grew 1.1% to $4.88 billion, deposits surged 4.0% to $5.53 billion, bolstering liquidity in dynamic markets. Credit quality held firm at 0.45% NPAs/assets. Management eyes automation and expense control for leverage.
8-K
Q3 net income dips on provisions
Shore Bancshares reported Q3 2025 net income of $14.3 million, down 7.5% from Q2's $15.5 million due to a $1.6 million drop in noninterest income from weaker mortgage banking and a $1.5 million higher loan loss provision tied to a large marine loan write-off. Yet net interest income rose $1.4 million to $48.7 million, lifting the margin to 3.42% amid loan growth and cheaper deposits. Asset quality slipped slightly, with nonperforming assets at 0.45% of total assets. Management eyes efficiency gains through tech investments.
10-Q
Q2 FY2025 results
Shore Bancshares posted solid Q2 2025 results, with net income climbing 38% year-over-year to $15.5 million, or $0.46 per diluted share, from $11.2 million last year, thanks to net interest income surging 12.1% to $47.3 million on higher loan yields and lower funding costs. The net interest margin expanded to 3.35% from 3.11%, while noninterest income rose 10.4% to $9.3 million, fueled by stronger mortgage banking revenue. Noninterest expenses edged up 2.7% to $34.4 million, mainly from salaries and tech costs, but efficiency improved markedly. Loans grew 1.2% to $4.83 billion, with stable asset quality showing nonperforming assets at 0.33% of total assets; cash stood at $185 million and total debt at $124 million, including $50 million in FHLB advances. Yet regulatory risks loom from banking cannabis clients.
8-K
Quarterly dividend declared
Shore Bancshares declared a quarterly cash dividend of $0.12 per share on August 1, 2025, payable August 25 to shareholders of record on August 11. This steady payout signals board confidence in the bank's financial health amid economic uncertainties. Forward-looking statements highlight risks like interest rate shifts and regulatory changes that could sway results. Dividends persist.
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