Shore Bancshares, Inc. Reports 2026 Third Quarter Results
Shore Bancshares reported Q3 2026 net income of $16.8 million, or $0.50 per diluted share, up 16.9% from $0.43 a year ago but down 11.1% from $0.56 in Q2. Core profitability was strong: pre-tax pre-provision income rose 5.6% sequentially to $27.5 million, net interest margin expanded 8 bps to 3.78%, and the efficiency ratio improved to 56.15% from 61.00% a year earlier. Credit quality deteriorated on a multifamily exposure: the provision jumped to $5.3 million, net charge-offs hit $4.8 million, and nonperforming assets rose to 1.27% of total assets versus 0.45% a year ago, including three large multifamily loans of $48.2 million partially charged off by $3.9 million.
Key figures
- Eps
- 0.5
- Guidance
- Management anticipates continued improvement in operating leverage over time; no formal quantitative guidance given
- Revenue Yoy
- 13.9% (net interest income Q3 YoY)
- Acl
- $59.6 million
- Nim
- 3.78%
- Ptpp
- 27539000
- Roaa
- 1.08%
- Npl ratio
- 1.27%
- Net income
- 16771000
- Acl to loans
- 1.21%
- Tier 1 ratio
- 12.06%
- Total assets
- $6.45 billion
- Buyback value
- $3.4 million
- Buyback shares
- 148006
- Total deposits
- $5.70 billion
- Net charge offs
- 4849000
- Efficiency ratio
- 56.15%
- Nim ex accretion
- 3.50%
- Dividend per share
- 0.14
- Net income q2 2026
- 18865000
- Book value per share
- 18.59
- Net income qoq change
- -11.1%
- Net income yoy change
- 16.9%
- Classified assets ratio
- 1.61%
- Provision for credit losses
- 5268000
- Total risk based capital ratio
- 14.53%
AI analysis
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