SHORE BANCSHARES INC (SHBI) Form 8-K — Jul 23, 2026
Shore Bancshares reported second quarter 2026 net income of $18.9 million, or $0.56 per diluted share, an increase from $15.5 million, or $0.46 per diluted share, in the prior year. The growth was driven by a 6 basis point expansion in net interest margin to 3.70% and a decrease in interest expense on deposits. The company announced a $30 million share repurchase program and repurchased approximately $891 thousand of common stock during the quarter. Additionally, the Board declared a quarterly dividend of $0.14 per share, representing a 16.7% increase from the prior quarter.
Key figures
- Eps
- 0.56
- Net Income
- 18.9
- Dividend Per Share
- 0.14
- Net Interest Margin
- 3.70%
- Shares Repurchased
- 40093
- Nonperforming Assets Percent
- 1.09%
- Share Repurchase Program Amount
- 30
Price after filing
Close on the filing date to close N calendar days later (from $23.12). Historical, not a forecast.
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