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Shore Bancshares Inc (OQ:SHBI)

Business Focus: Banks

May 02, 2024 04:15 pm ET
Shore Bancshares, Inc. Reports 2024 First Quarter Financial Results
EASTON, Md., May 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank" or "SUB") reported net income for the first quarter of 2024 of $8.2 million or $0.25 per diluted common share compared to a net income of $10.5 million or $0.32 per diluted common share for the fourth quarter of 2023, and net income of $6.5 million or $0.32 per diluted common share for the first quarter of 2023.
Feb 02, 2024 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Feb. 2, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable February 29, 2024 to stockholders of record on February 12, 2024.
Jan 31, 2024 03:15 pm ET
Shore Bancshares, Inc. Reports 2023 Fourth Quarter and Annual Results
EASTON, Md., Jan. 31, 2024 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A. (the "Bank" or "SUB") reported net income for  the fourth quarter of 2023 of $10.5 million or $0.32 per diluted common share compared to a net loss of $9.7 million or $0.29 per diluted common share for the third quarter of 2023, and net income of $8.4 million or $0.42 per diluted common share for the fourth quarter of 2022. Net income for the fiscal year of 2023 was $11.2 million or $0.42 per diluted common share, compared to
Nov 07, 2023 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Nov. 7, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 30, 2023 to stockholders of record on November 18, 2023.      
Nov 01, 2023 07:00 am ET
Shore Bancshares, Inc. Reports Third Quarter 2023 Net Loss of $6.4 million Due to One-Time Merger Related Activity
EASTON, Md., Nov. 1, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank N.A. (the "Bank" or "SUB") reported financial results for the third quarter and first nine months of 2023. Third quarter results include the successful completion of the merger (the "merger") on July 1, 2023 with The Community Financial Corporation with total assets exceeding $5.7 billion for the combined company. In the third quarter of 2023, the Company reported a net loss of $6.4 million or $0.19 per diluted common share compared
Jul 27, 2023 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Financial Results
EASTON, Md., July 27, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore Bancshares") reported net income of $4.018 million or $0.20 per diluted common share for the second quarter of 2023, compared to net income of $6.457 million or $0.32 per diluted common share for the first quarter of 2023, and net income of $7.499 million or $0.38 per diluted common share for the second quarter of 2022. Net income, excluding merger-related expenses, for the second quarter of 2023 was $4.890 million or $0.25 per diluted common share, compared to net income, excluding merg
Jul 25, 2023 04:30 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., July 25, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 31, 2023, to stockholders of record on August 4, 2023.      
Jul 03, 2023 09:00 am ET
Shore Bancshares, Inc. and The Community Financial Corporation Complete Merger
EASTON, Md., July 3, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ("SHBI"), the financial holding company of Shore United Bank, N.A. ("Shore United"), and The Community Financial Corporation ("TCFC"), the bank holding company of Community Bank of the Chesapeake ("CBC"), announced today the closing of their previously announced merger of equals, combining the two premier banks to create one of Maryland's top community banks.  
Jun 20, 2023 05:00 pm ET
Shore Bancshares, Inc. and The Community Financial Corporation Announce Receipt of Shareholder Approval for Merger of Equals
EASTON, Md. and WALDORF, Md., June 20, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) ("SHBI"), the financial holding company of Shore United Bank, N.A. ("Shore United Bank"), and The Community Financial Corporation (NASDAQ: TCFC) ("TCFC"), the bank holding company of Community Bank of the Chesapeake, a Maryland-chartered commercial bank ("CBC"), announced today that, at special meetings of their respective shareholders held on June 20, 2023, SHBI's shareholders approved the merger of TCFC with and into SHBI, with SHBI as the surviving corporation (the "Merger"), and the issuance
May 03, 2023 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., May 3, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable May 31, 2023, to stockholders of record on May 13, 2023.
Apr 28, 2023 12:00 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, CBIO, TA, ASRT
NEW YORK, April 28, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Apr 27, 2023 04:15 pm ET
Shore Bancshares Reports First Quarter 2023 Financial Results
EASTON, Md., April 27, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares") reported net income of $6.457 million or $0.32 per diluted common share for the first quarter of 2023, compared to net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022, and net income of $5.613 million or $0.28 per diluted common share for the first quarter of 2022. Net income, excluding merger-related expenses, for the first quarter of 2023 was $6.959 million or $0.35 per diluted common share, compared to net income, excluding merg
Apr 25, 2023 05:25 pm ET
The Community Financial Corporation Reports EPS of $1.30 and ROAA of 1.21% For the First Quarter 2023
The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”), today reported net income for the three months ended March 31, 2023 of $7.3 million, or $1.30 per diluted...
Apr 12, 2023 11:25 am ET
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates TRTN, TESS, SHBI, INFI
NEW YORK, April 12, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Mar 30, 2023 01:09 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, CBIO, AQUA, LBC
NEW YORK, March 30, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Mar 23, 2023 02:31 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, MPB, TIG, MAXR
NEW YORK, March 23, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Mar 16, 2023 11:50 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, TIG, MPB, MAXR
NEW YORK,, March 16, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Mar 09, 2023 08:30 pm ET
COMMUNITY FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Community Financial Corporatio
NEW ORLEANS, March 9, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of The Community Financial Corporation (NasdaqCM: TCFC) to Shore Bancshares, Inc. (NasdaqGS: SHBI).  Under the terms of the proposed transaction, shareholders of Community will receive only 2.3287 shares of Shore for each share of Community that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the
Feb 23, 2023 11:10 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAL, MLVF, SHBI, TIG
NEW YORK, Feb. 23, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Feb 17, 2023 10:32 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAFE, TCFC, SHBI, AJRD
NEW YORK, Feb. 17, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Feb 11, 2023 09:01 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SAL, COUP, SHBI, AJRD
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Salisbury Bancorp, Inc. (NASDAQ:...
Feb 08, 2023 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Feb. 8, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable February 28, 2023, to stockholders of record on February 18, 2023.
Jan 26, 2023 03:15 pm ET
Shore Bancshares Reports 2022 Financial Results
EASTON, Md., Jan. 26, 2023 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022, compared to net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022, and net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021. Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share, compared to net income for the fiscal year of 2021 of $15.368 million or $1.17 per diluted common
Jan 26, 2023 12:14 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, TIG, AJRD
NEW YORK, Jan. 26, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Jan 22, 2023 09:58 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates COUP, SHBI, MPB, CINC
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Coupa Software Incorporated (NASDAQ:...
Jan 19, 2023 09:55 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, TIG, AJRD, MPB
NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Jan 12, 2023 01:15 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MLVF, TCFC, SHBI
NEW YORK, Jan. 12, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Jan 04, 2023 07:52 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SHBI, TIG, AJRD
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Shore Bancshares, Inc. (NASDAQ:...
Jan 03, 2023 10:15 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MLVF, TCFC, SHBI, MPB
NEW YORK, Jan. 3, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Dec 29, 2022 09:33 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRBA, MLVF, TCFC, SHBI
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: First Bank (NASDAQ: FRBA)’s merger...
Dec 28, 2022 07:11 pm ET
Lifshitz Law PLLC Announces Investigations of SHBI, FRBA, TIG, and MLVF
Shore Bancshares, Inc. (NASDAQ: SHBI) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of SHBI and The Community Financial Corporation whereby holders of Community Financial...
Dec 28, 2022 09:43 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HZNP, MLVF, TCFC, SHBI
NEW YORK, Dec. 28, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Dec 22, 2022 10:13 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRBA, MLVF, TCFC, SHBI
NEW YORK, Dec. 22, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Dec 21, 2022 07:11 pm ET
Lifshitz Law PLLC Announces Investigations of SHBI, FRBA, TIG, and MLVF
Shore Bancshares, Inc. (NASDAQ: SHBI) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of SHBI and The Community Financial Corporation whereby holders of Community Financial...
Dec 18, 2022 05:38 pm ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates TCFC, SHBI, MAXR, TIG
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: The Community Financial Corporation...
Dec 17, 2022 08:11 pm ET
Lifshitz Law PLLC Announces Investigations of ELVT, IMGO, SHBI, and MLVF
Elevate Credit, Inc. (NYSE: ELVT) Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of ELVT to an affiliate of Park Cities Asset Management LLC for $1.87 per share. If you are...
Dec 16, 2022 01:50 pm ET
SHAREHOLDER ALERT: Weiss Law Investigates The Community Financial Corporation
NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Community Financial Corporation ("TCFC" or the "Company") (NASDAQ: TCFC) in connection with the proposed merger of the Company with Shore Bancshares, Inc. ("Shore") (NASDAQ: SHBI).  Under the merger agreement, the Company's shareholders will receive 2.3287 shares of Shore common stock for each TCFC share, representing implied per-share consideration of $40.17 based upon Shore's December 15, 2022 closing price of $17.25.  Upon comp
Dec 16, 2022 01:20 pm ET
SHAREHOLDER ALERT: Weiss Law Investigates Shore Bancshares, Inc.
NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shore Bancshares, Inc. ("Shore" or the "Company") (NASDAQ: SHBI), in connection with the proposed merger of the Company with The Community Financial Corporation ("TCFC") (NASDAQ: TCFC).  The transaction is valued at approximately $254.4 million.
Dec 15, 2022 07:02 am ET
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FRBA, MLVF, TCFC, SHBI
NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Dec 15, 2022 04:32 am ET
SHBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and The Community Financial Corporation is fair to Shore shareholders. Under the terms of the merger, holders of Community Financial common stock will have the right to receive 2.3287 shares of Shore common stock. Existing Shore shareholders will own approximately 60% of the outstanding shares of the combined company.
Nov 02, 2022 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Nov. 2, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 30, 2022, to stockholders of record on November 12, 2022.
Oct 27, 2022 04:19 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Financial Results
EASTON, Md., Oct. 27, 2022 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022, compared to net income of $7.499 million or $0.38 per diluted common share for the second quarter of 2022, and net income of $4.616 million or $0.39 per diluted common share for the third quarter of 2021. Net income for the first nine months of 2022 was $22.769 million or $1.15 per diluted common share, compared to net income for the first nine months of 2021 of $12.645 million or $1.08 per dilu
Aug 03, 2022 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Aug. 3, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 31, 2022, to stockholders of record on August 13, 2022. 
Aug 02, 2022 11:00 am ET
Shore Bancshares, Inc. Announces New Board Member
EASTON, Md., Aug. 2, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Esther A. Streete as a director of both the Company and Shore United Bank, N.A., the Company's wholly-owned bank subsidiary (the "Bank"), effective August 1, 2022.
Jul 28, 2022 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Financial Results
EASTON, Md., July 28, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported net income of $7.499 million or $0.38 per diluted common share for the second quarter of 2022, compared to net income of $5.613 million or $0.28 per diluted common share for the first quarter of 2022, and net income of $4.031 million or $0.34 per diluted common share for the second quarter of 2021. Net income for the first half of 2022 was $13.112 million or $0.66 per diluted common share, compared to net income for the first half of 2021 of $8.028 million or $0.68 per diluted common sha
Apr 28, 2022 04:15 pm ET
Shore Bancshares Reports First Quarter 2022 Financial Results
EASTON, Md., April 28, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $5.613 million or $0.28 per diluted common share for the first quarter of 2022, compared to net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021, and net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021. Net income, excluding merger related expenses for the first quarter of 2022 was $6.156 million or $0.31 per diluted common share, compared to net income, excluding merger related expenses of
Feb 14, 2022 03:37 pm ET
Shore Bancshares Reports 2021 Financial Results and Quarterly Dividend of $0.12 Per share
EASTON, Md., Feb. 14, 2022 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $2.723 million or $0.16 per diluted common share for the fourth quarter of 2021, compared to net income of $4.617 million or $0.39 per diluted common share for the third quarter of 2021, and net income of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020. Net income, excluding merger related expenses for the fourth quarter of 2021 was $7.914 million or $0.46 per diluted common share. Net income for the fiscal year of 2021 was $15.368 million o
Nov 02, 2021 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Nov. 2, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 30, 2021 to stockholders of record on November 12, 2021.      
Nov 01, 2021 08:00 am ET
Shore Bancshares, Inc. Announces Completion of Acquisition of Severn Bancorp, Inc.
EASTON, Md., Nov. 1, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore"), the holding company of Shore United Bank, National Association (the "Shore United"), announced today that it has completed the acquisition, effective as of October 31, 2021, of Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn"), the savings and loan holding company of Severn Savings Bank, FSB, a federally chartered savings bank headquartered in Annapolis, Maryland. In connection with the merger, Shore United consummated its conversion to a national bank on October 29, 2021.
Oct 28, 2021 04:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Financial Results
EASTON, Md., Oct. 28, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.617 million or $0.39 per diluted common share for the third quarter of 2021, compared to net income of $4.031 million or $0.34 per diluted common share for the second quarter of 2021, and net income of $3.391 million or $0.27 per diluted common share for the third quarter of 2020. Net income for the first nine months of 2021 was $12.645 million or $1.08 per diluted common share, compared to net income for the first nine months of 2020 of $11.844 million or $0.95 per dil
Oct 22, 2021 04:05 pm ET
Shore Bancshares, Inc. and Severn Bancorp, Inc. Announce Receipt of Shareholder Approval for Merger
EASTON, Md. and ANNAPOLIS, Md., Oct. 22, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore"), the holding company of Shore United Bank, and Severn Bancorp, Inc. (NASDAQ: SVBI) ("Severn"), the holding company of Severn Savings Bank, FSB, announced today that, at special meetings of their respective shareholders held on October 22, 2021, Shore's shareholders approved the merger of Severn with and into Shore, with Shore as the surviving corporation (the "Merger"), and the issuance of shares of Shore's common stock to the shareholders of Severn pursuant to that
Sep 27, 2021 04:05 pm ET
Shore Bancshares, Inc. Announces Receipt Of Regulatory Approvals For Acquisition Of Severn Bancorp, Inc.
EASTON, Md., Sept. 27, 2021 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company" or "Shore") (NASDAQ:SHBI), the holding company of Shore United Bank, announced today that it has received regulatory approval from the Office of the Comptroller of the Currency to convert Shore United Bank to a national bank and, for Severn Savings Bank, FSB to be merged with and into Shore United Bank, National Association on the terms and subject to the conditions of the Agreement and Plan of Merger, dated as of March 3, 2021, by and between the Company and Severn Bancorp, Inc. ("Severn"). The Company previou
Aug 12, 2021 08:30 am ET
Shore Bancshares Announces Resignation of Board of Director David J. Bates
EASTON, Md., Aug. 12, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) announced today that David J. Bates, one of its distinguished board members resigned on August 9, 2021, made effective as of August 31, 2021.
Aug 04, 2021 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Aug. 4, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable August 31, 2021 to stockholders of record on August 14, 2021.      
Jul 29, 2021 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Financial Results
EASTON, Md., July 29, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.031 million or $0.34 per diluted common share for the second quarter of 2021, compared to net income of $3.998 million or $0.34 per diluted common share for the first quarter of 2021, and net income of $5.335 million or $0.43 per diluted common share for the second quarter of 2020. Net income for the first half of 2021 was $8.028 million or $0.68 per diluted common share, compared to net income for the first half of 2020 of $8.453 million or $0.68 per diluted common sha
Apr 24, 2021 07:12 am ET
Shore Bancshares Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of Shore Bancshares, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Shore Bancshares, Inc. (NASDAQ: SHBI) and Severn Bancorp, Inc. is fair to Shore Bancshares shareholders. Severn shareholders are expected to receive cash and stock in connection with the merger.
Mar 11, 2021 07:00 pm ET
SEVERN BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Severn Bancorp, Inc. - SVBI
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Severn Bancorp, Inc. (NasdaqCM: SVBI) to Shore Bancshares, Inc. (NasdaqGS: SHBI). Under the terms of the proposed transaction, shareholders of Severn will receive only 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Mar 04, 2021 01:47 pm ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Severn Bancorp, Inc. Buyout
Rigrodsky Law, P.A. announces that it is investigating Severn Bancorp, Inc. (“Severn”) (NASDAQ GS: SVBI) regarding possible breaches of fiduciary duties and other violations of law related to Severn’s agreement to be acquired by Shore Bancshares,...
Feb 03, 2021 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Feb. 3, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable March 1, 2021 to stockholders of record on February 15, 2021.      
Jan 28, 2021 03:15 pm ET
Shore Bancshares Reports 2020 Results
EASTON, Md., Jan. 28, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported income from continuing operations of $3.886 million or $0.32 per diluted common share for the fourth quarter of 2020, compared to income from continuing operations of $3.391 million or $0.27 per diluted common share for the third quarter of 2020, and income from continuing operations of $4.014 million or $0.32 per diluted common share for the fourth quarter of 2019. Income from continuing operations for fiscal year 2020 was $15.730 million or $1.27 per diluted common share, compared to i
Dec 22, 2020 03:30 pm ET
Shore Bancshares, Inc. Announce New Board Member
EASTON, Md., Dec. 22, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of Dawn M. Willey as a director of both the Company and Shore United Bank, the Company's wholly-owned bank subsidiary, effective January 1, 2021.
Nov 24, 2020 03:30 pm ET
Shore Bancshares Announces Stock Repurchase Plan
EASTON, Md., Nov. 24, 2020 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company") (NASDAQ:SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Company to repurchase its common stock. Under the new repurchase program, management is authorized to repurchase up to $5.0 million of the Company's common stock. As of November 24, 2020, the Company had 12,036,573 outstanding shares of common stock. The program may be limited or terminated at any time without prior notice. The program will expire on December 31, 2021.
Nov 04, 2020 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Nov. 4, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly cash dividend on common stock in the amount of $0.12 per share, payable November 30, 2020 to stockholders of record on November 14, 2020.      
Oct 28, 2020 04:07 pm ET
Shore United Bank Rated America's Best Small Bank in Maryland
EASTON, Md., Oct. 28, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI), the largest independent bank holding company located on Maryland's Eastern Shore, announced that its bank, Shore United Bank, was recognized by Newsweek and Lending Tree as the best small bank in Maryland.
Oct 22, 2020 04:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Results
EASTON, Md., Oct. 22, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported income from continuing operations of $3.391 million or $0.27 per diluted common share for the third quarter of 2020, compared to income from continuing operations of $5.335 million or $0.43 per diluted common share for the second quarter of 2020, and income from continuing operations of $4.214 million or $0.33 per diluted common share for the third quarter of 2019. Income from continuing operations for the first nine months of 2020 was $11.844 million or $0.95 per diluted common
Aug 05, 2020 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Aug. 5, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly cash dividend on common stock in the amount of $0.12 per share, payable August 31, 2020 to stockholders of record on August 15, 2020.
Jul 23, 2020 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Results
EASTON, Md., July 23, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported income from continuing operations of $5.335 million or $0.43 per diluted common share for the second quarter of 2020, compared to income from continuing operations of $3.118 million or $0.25 per diluted common share for the first quarter of 2020, and income from continuing operations of $4.228 million or $0.33 per diluted common share for the second quarter of 2019. Income from continuing operations for the first half of 2020 was $8.453 million or $0.68 per diluted common share, compared
Jun 29, 2020 05:00 pm ET
Shore Bancshares, Inc. Announce New Board Member
EASTON, Md., June 29, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (the "Company") (NASDAQ: SHBI) today announced the appointment of William E. Esham III as a director of both the Company and Shore United Bank, the Company's wholly-owned bank subsidiary, effective June 23, 2020.
May 06, 2020 05:30 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., May 6, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable May 29, 2020 to stockholders of record on May 16, 2020.      
Apr 30, 2020 04:15 pm ET
Shore Bancshares Reports First Quarter 2020 Financial Results
EASTON, Md., April 30, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported income from continuing operations of $3.118 million or $0.25 per diluted common share for the first quarter of 2020, compared to income from continuing operations of $4.014 million or $0.32 per diluted common share for the fourth quarter of 2019, and income from continuing operations of $3.828 million or $0.30 per diluted common share for the first quarter of 2019.
Apr 07, 2020 04:30 pm ET
Shore Announces Change In Location For Annual Meeting Of Shareholders To Be Held On Wednesday, April 22, 2020
EASTON, Md., April 7, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") previously distributed to its shareholders of record as of February 4, 2020, a Notice of Annual Meeting of Shareholders (the "Notice") under the Securities and Exchange Commission's Notice and Access rules, announcing that its 2020 Annual Meeting of Shareholders (the "Annual Meeting") was scheduled for Wednesday, April 22, 2020 at 11:00 a.m., local time, at The Tidewater House, 202 East Dover Street, Easton, Maryland 21601.
Nov 06, 2019 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
EASTON, Md., Nov. 6, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 29, 2019 to stockholders of record on November 16, 2019.      
Oct 24, 2019 04:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Results
EASTON, Md., Oct. 24, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.206 million or $0.33 per diluted common share for the third quarter of 2019, compared to net income of $4.224 million or $0.33 per diluted common share for the second quarter of 2019, and net income of $4.454 million or $0.35 per diluted common share for the third quarter of 2018.  Net income from continuing operations for the third quarter of 2019 was $4.214 million or $0.33 per diluted common share, compared to net income from continuing operations of $4.228 million o
Aug 07, 2019 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.10 Per Share
EASTON, Md., Aug. 7, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.10 per share, payable August 30, 2019 to stockholders of record on August 17, 2019.      
Jul 25, 2019 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Results
EASTON, Md., July 25, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") reported net income of $4.224 million or $0.33 per diluted common share for the second quarter of 2019, compared to net income of $3.754 million or $0.29 per diluted common share for the first quarter of 2019, and net income of $4.391 million or $0.34 per diluted common share for the second quarter of 2018.  Net income from continuing operations for the second quarter of 2019 was $4.228 million or $0.33 per diluted common share, compared to net income from continuing operations of $3.828 million
May 08, 2019 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.10 Per Share
EASTON, Md., May 8, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.10 per share, payable May 31, 2019 to stockholders of record on May 18, 2019.      
Apr 25, 2019 04:15 pm ET
Shore Bancshares Reports First Quarter 2019 Financial Results
EASTON, Md., April 25, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) reported net income of $3.754 million or $0.29 per diluted common share for the first quarter of 2019, compared to net income of $12.094 million or $0.95 per diluted common share for the fourth quarter of 2018, and net income of $4.058 million or $0.32 per diluted common share for the first quarter of 2018.  Net income from continuing operations for the first quarter of 2019 was $3.828 million or $0.30 per diluted common share, compared to net income from continuing operations of $3.853 million or $0.30 per di
Apr 24, 2019 04:15 pm ET
Shore Bancshares Announces Stock Repurchase Plan
EASTON, Md., April 24, 2019 /PRNewswire/ -- Shore Bancshares, Inc. ("the Company") (NASDAQ: SHBI) announced today that it had received a non-objection letter from the Federal Reserve Bank of Richmond to allow the Board to authorize management to repurchase its common stock. Under the new repurchase program, management is authorized to repurchase up to $10.0 million, or approximately 5%, of the 12.8 million outstanding shares of the Company's common stock.  The program may be limited or terminated at any time without prior notice.  The program will expire on December 31, 2020.
Apr 15, 2019 05:03 pm ET
Shore United Bank Opens Branch in West Ocean City, Maryland
EASTON, Md., April 15, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, will open a new Office in West Ocean City, Maryland.
Feb 05, 2019 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.10 Per Share
EASTON, Md., Feb. 5, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.10 per share, payable February 28, 2019 to stockholders of record on February 15, 2019.      
Jan 31, 2019 03:15 pm ET
Shore Bancshares Reports 2018 Results
EASTON, Md., Jan. 31, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $12.094 million or $0.95 per diluted common share for the fourth quarter of 2018, which included the sale of its retail insurance business, Avon Dixon, LLC ("Avon") on December 31, 2018 for net proceeds of $25.2 million and a net gain after tax of $8.2 million, or $0.64 per diluted common share.  Absent the sale of Avon, the Company reported net income of $3.905 million or $0.31 per diluted common share for the fourth quarter of 2018. This compared to net income of $4.454 million or $0.35
Jan 15, 2019 08:00 am ET
Former President of Shore United Bank No Longer Employed by Shore United Bank
EASTON, Md., Jan. 15, 2019 /PRNewswire/ -- Shore Bancshares, Inc.  (NASDAQ: SHBI) today announced that Patrick M. Bilbrough is no longer employed by the Company's wholly-owned subsidiary, Shore United Bank, effective January 14, 2019.
Jan 03, 2019 08:00 am ET
Shore Bancshares, Inc. Completes Sale of Insurance Subsidiary (The Avon-Dixon Agency, LLC)
EASTON, Md., Jan. 3, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company" or "Shore Bancshares") and The Avon-Dixon Agency, LLC, the Company's wholly-owned insurance producer firm ("Avon-Dixon" ) completed the asset sale with Avon-Dixon, an Alera Group Agency, LLC ("Alera"), a Delaware limited liability company and subsidiary of Alera Group, Inc. ("Alera Group"), pursuant to which Alera purchased substantially all of the assets of Avon-Dixon.
Dec 17, 2018 04:32 pm ET
Sale of Insurance Subsidiary (The Avon-Dixon Agency, LLC)
EASTON, Md., Dec. 17, 2018 /PRNewswire/ -- On December 17, 2018, Shore Bancshares, Inc. (the "Company" or "Shore Bancshares") and The Avon-Dixon Agency, LLC, the Company's wholly-owned insurance producer firm ("Avon-Dixon"), entered into an Asset Purchase Agreement (the "Purchase Agreement") with  Avon-Dixon, an Alera Group Agency, LLC ("Alera"), a Delaware limited liability company and subsidiary of Alera Group, Inc.  ("Alera Group"), pursuant to which Alera will purchase substantially all of the assets used in the operation of Avon-Dixon's insurance business (the "Acquisition").  Subject t
Nov 05, 2018 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.09 Per Share
EASTON, Md., Nov. 5, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.09 per share, payable November 30, 2018 to stockholders of record on November 16, 2018.      
Oct 18, 2018 04:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Results
EASTON, Md., Oct. 18, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $4.454 million or $0.35 per diluted common share for the third quarter of 2018, compared to net income of $4.391 million or $0.34 per diluted common share for the second quarter of 2018, and net income of $3.412 million or $0.27 per diluted common share for the third quarter of 2017.  The Company reported net income of $12.903 million or $1.01 per diluted common share for the first nine months of 2018, compared to net income of $8.564 million or $0.68 per diluted common share for the first
Aug 08, 2018 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.08 Per Share
EASTON, Md., Aug. 8, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) (the "Company") announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.08 per share, payable August 31, 2018 to stockholders of record on August 15, 2018.      
Jul 26, 2018 04:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Results
EASTON, Md., July 26, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.391 million or $0.34 per diluted common share for the second quarter of 2018, compared to net income of $4.058 million or $0.32 per diluted common share for the first quarter of 2018, and net income of $2.352 million or $0.19 per diluted common share for the second quarter of 2017.  The Company reported net income of $8.449 million or $0.66 per diluted common share for the first half of 2018, compared to net income of $5.151 million or $0.41 per diluted common share for
May 09, 2018 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.08 Per Share
EASTON, Md., May 9, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.08 per share, payable May 31, 2018 to stockholders of record on May 15, 2018.      
Apr 19, 2018 04:15 pm ET
Shore Bancshares Reports First Quarter 2018 Financial Results
EASTON, Md., April 19, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $4.058 million or $0.32 per diluted common share for the first quarter of 2018, compared to net income of $2.698 million or $0.21 per diluted common share for the fourth quarter of 2017, and net income of $2.800 million or $0.22 per diluted common share for the first quarter of 2017. 
Feb 01, 2018 03:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.07 Per Share
EASTON, Md., Feb. 1, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.07 per share, payable February 28, 2018 to stockholders of record on February 15, 2018.      
Jan 25, 2018 03:15 pm ET
Shore Bancshares Reports 2017 Results
EASTON, Md., Jan. 25, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) reported net income of $2.698 million or $0.21 per diluted common share for the fourth quarter of 2017, compared to net income of $3.412 million or $0.27 per diluted common share for the third quarter of 2017, and net income of $2.495 million or $0.20 per diluted common share for the fourth quarter of 2016.  The Company reported net income of $11.262 million or $0.89 per diluted common share for fiscal year 2017, compared to net income of $9.638 million or $0.76 per diluted common share for fiscal year 2016.  T
Nov 01, 2017 06:30 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.07 Per Share
EASTON, Md., Nov. 1, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.07 per share, payable November 30, 2017 to stockholders of record on November 15, 2017.      
Oct 19, 2017 05:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Results
EASTON, Md., Oct. 19, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $3.412 million or $0.27 per diluted common share for the third quarter of 2017, compared to net income of $2.352 million or $0.19 per diluted common share for the second quarter of 2017, and net income of $2.411 million or $0.19 per diluted common share for the third quarter of 2016.  The Company reported net income of $8.6 million or $0.68 per diluted common share for the first nine months of 2017, compared to net income of $7.1 million or $0.56 per diluted common share for the first nine
Sep 13, 2017 10:44 am ET
Shore United Bank Opens New Office in Onley, Virginia
EASTON, Md., Sept. 13, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, opened a new branch in Onley, Virginia.  
Aug 03, 2017 05:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share
EASTON, Md., Aug. 3, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.05 per share, payable August 31, 2017 to stockholders of record on August 14, 2017.      
Jul 20, 2017 05:15 pm ET
Shore Bancshares Reports Second Quarter and First-Half Results
EASTON, Md., July 20, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) reported net income of $2.352 million or $0.19 per diluted common share for the second quarter of 2017, compared to net income of $2.800 million or $0.22 per diluted common share for the first quarter of 2017, and net income of $2.272 million or $0.18 per diluted common share for the second quarter of 2016.  The Company reported net income of $5.152 million or $0.41 per diluted common share for the first half of 2017, compared to net income of $4.732 million or $0.37 per diluted common share for the first half
Jul 05, 2017 09:00 am ET
Shore United Bank Expands to Virginia
EASTON, Md., July 5, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, will open a new Office in Onley, Virginia.  Jennifer Annis will lead the office which is expected to open in the late third quarter of 2017.
May 22, 2017 09:00 am ET
Shore United Bank Opens Three Bank Branches in the Greater Baltimore, Maryland Metropolitan Area
EASTON, Md., May 22, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, has extended its footprint across the Eastern Shore to the greater Baltimore, Maryland area communities in Elkridge, Owings Mills, and Arbutus by opening the doors of three former Northwest Bank branches as Shore United Bank today. 
May 03, 2017 05:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share
EASTON, Md., May 3, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.05 per share, payable May 31, 2017 to stockholders of record on May 15, 2017.      
Apr 24, 2017 11:00 am ET
Shore United Bank Opens Loan Production Office in West Ocean City, Maryland
EASTON, Md., April 24, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, opened a new Loan Production Office in West Ocean City, Maryland.  W. Thomas Mears, former President and Chief Executive Officer of Shore Bank will lead the office.
Apr 20, 2017 05:15 pm ET
Shore Bancshares Reports First Quarter 2017 Financial Results
EASTON, Md., April 20, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $2.800 million or $0.22 per diluted common share for the first quarter of 2017, compared to net income of $2.495 million or $0.20 per diluted common share for the fourth quarter of 2016, and net income of $2.460 million or $0.19 per diluted common share for the first quarter of 2016. 
Feb 08, 2017 04:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share
EASTON, Md., Feb. 8, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.05 per share, payable February 28, 2017 to stockholders of record on February 19, 2017.      
Jan 25, 2017 04:15 pm ET
Shore Bancshares Reports 2016 Results
EASTON, Md., Jan. 25, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $2.495 million or $0.20 per diluted common share for the fourth quarter of 2016, compared to net income of $2.411 million or $0.19 per diluted common share for the third quarter of 2016, and net income of $2.163 million or $0.17 per diluted common share for the fourth quarter of 2015.  The Company reported net income of $9.638 million or $0.76 per diluted common share for fiscal year 2016, compared to net income of $7.108 million or $0.56 per diluted common share for fiscal year 2015, an i
Jan 10, 2017 04:42 pm ET
Shore United Bank Expands Maryland Operations with Acquisition of Three Branches in the Greater Baltimore Metro Areas of Elkridge, Owings Mills and Arbutus from Northwest Bank
EASTON, Md. and WARREN, Pa., Jan. 10, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, has entered into a purchase and assumption agreement to acquire three bank branches located in the greater Baltimore, Maryland metropolitan area with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash from Northwest Bank, the bank subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI).  This acquisition provides Shore United Bank with the opportunity to enhance its footprint in Maryland
Jan 10, 2017 04:15 pm ET
Shore United Bank Expands Maryland Operations with Acquisition of Three Branches in the Greater Baltimore Metro Areas of Elkridge, Owings Mills and Arbutus from Northwest Bank
EASTON, Md. and WARREN, Pa., Jan. 10, 2017 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its banking subsidiary, Shore United Bank, has entered into a purchase and assumption agreement to acquire three bank branches located in the greater Baltimore, Maryland metropolitan area with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash from Northwest Bank, the bank subsidiary of Northwest Bancshares, Inc. (NASDAQ: NWBI).  This acquisition provides Shore United Bank with the opportunity to enhance its footprint in Maryland
Nov 03, 2016 05:15 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share
EASTON, Md., Nov. 3, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.05 per share, payable November 30, 2016 to stockholders of record on November 14, 2016.      
Oct 20, 2016 05:15 pm ET
Shore Bancshares Reports Third Quarter and Nine-Month Results
EASTON, Md., Oct. 20, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) reported net income of $2.411 million or $0.19 per diluted common share for the third quarter of 2016, compared to net income of $2.272 million or $0.18 per diluted common share for the second quarter of 2016, and net income of $1.909 million or $0.15 per diluted common share for the third quarter of 2015.  The Company reported net income of $7.1 million or $0.56 per diluted common share for the first nine months of 2016, compared to net income of $4.9 million or $0.39 per diluted common share for the first nin
Aug 03, 2016 05:35 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.03 Per Share
EASTON, Md., Aug. 3, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI)  announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.03 per share, payable August 31, 2016 to stockholders of record on August 15, 2016.
Jul 25, 2016 09:00 am ET
Shore Bancshares Announces Stock Repurchase Plan
EASTON, Md., July 25, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) announced today that its Board of Directors has approved a stock repurchase program. Under the new repurchase program, management is authorized to repurchase up to 400,000 shares, or approximately 3.2%, of the 12.7 million outstanding shares of the Company's common stock.  The program may be limited or terminated at any time without prior notice.  The program will expire on April 21, 2017.
Jul 21, 2016 05:35 pm ET
Shore Bancshares Reports Second Quarter and First-Half Results
EASTON, Md., July 21, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $2.272 million or $0.18 per diluted common share for the second quarter of 2016, compared to net income of $2.460 million or $0.19 per diluted common share for the first quarter of 2016, and net income of $1.627 million or $0.13 per diluted common share for the second quarter of 2015.  The Company reported net income of $4.732 million or $0.37 per diluted common share for the first half of 2016, compared to net income of $3.0 million or $0.24 per diluted common share for the first half of
Jul 01, 2016 08:30 am ET
Shore Bancshares Announces Consolidation of Banking Subsidiaries and Unified Branding under Shore United Bank name
EASTON, Md., July 1, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ:SHBI) announced today the completion of the merger of its two banking subsidiaries and the unified branding of the combined entity under the "Shore United Bank" name.
Jun 16, 2016 10:19 am ET
Local Community Banks Receive Approval to Merge and Become One Bank
EASTON, Md., June 16, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI), received approval by the State of Maryland and the Board of Governors of the Federal Reserve to merge its two subsidiary banks, The Talbot Bank of Easton Maryland and CNB, headquartered in Centreville, Maryland, into one bank that will be known as Shore United Bank. 
May 04, 2016 05:05 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.03 Per Share
EASTON, Md., May 4, 2016 /PRNewswire/ --- Shore Bancshares, Inc. (NASDAQ: SHBI)  announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.03 per share, payable May 31, 2016 to stockholders of record on May 16, 2016.
Apr 21, 2016 05:15 pm ET
Shore Bancshares Reports First Quarter 2016 Financial Results
EASTON, Md., April 21, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $2.460 million or $0.19 per diluted common share for the first quarter of 2016, compared to net income of $2.163 million or $0.17 per diluted common share for the fourth quarter of 2015, and net income of $1.409 million or $0.11 per diluted common share for the first quarter of 2015. 
Feb 03, 2016 04:30 pm ET
Shore Bancshares, Inc. Reports Quarterly Dividend of $0.03 Per Share
EASTON, Md., Feb. 3, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.03 per share, payable February 29, 2016 to stockholders of record on February 15, 2016.      
Jan 21, 2016 04:15 pm ET
Shore Bancshares Reports 2015 Results
EASTON, Md., Jan. 21, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ: SHBI) reported net income of $2.163 million or $0.17 per diluted common share for the fourth quarter of 2015, compared to net income of $1.909 million or $0.15 per diluted common share for the third quarter of 2015, and net income of $1.226 million or $0.10 per diluted common share for the fourth quarter of 2014.  The Company reported net income of $7.108 million or $0.56 per diluted common share for fiscal year 2015, compared to net income of $5.051 million or $0.46 per diluted common share for fiscal year 2014.