SHORE BANCSHARES INC (SHBI) Form 8-K — Oct 22, 2026
Shore Bancshares reported Q3 2026 net income of $16.8 million, or $0.50 per diluted share, up 16.9% from $14.3 million ($0.43) a year ago but down 11.1% from $0.56 in Q2 2026. The year-over-year gain was driven by net interest margin expansion to 3.78% and pre-tax pre-provision income of $27.5 million, up 25.3% YoY. The quarter's downside was credit quality: nonperforming assets nearly tripled YoY to $81.8 million (1.27% of total assets), driven by three large multifamily loans totaling $48.2 million that were partially charged off by $3.9 million. Provision for credit losses jumped to $5.3 million and net charge-offs rose to $4.8 million from $123 thousand in the prior quarter.
Key figures
- Eps
- 0.5
- Net Income
- 16771000
- Total Assets
- 6454360000
- Cash Position
- 455051000
- Shares Outstanding
- 33305321
- Roaa
- 1.08%
- Nim q3 2026
- 3.78%
- Ptpp q3 2026
- $27.5 million
- Tier 1 ratio
- 12.06%
- Total deposits
- $5.70 billion
- Net charge offs
- $4.8 million
- Efficiency ratio
- 56.15%
- Repurchase value
- $3.4 million
- Nim prior quarter
- 3.70%
- Dividend per share
- $0.14
- Shares repurchased
- 148006
- Book value per share
- $18.59
- Diluted eps year ago
- 0.43
- Office cre portfolio
- $447.0 million (9.1% of total loans)
- Diluted eps prior quarter
- 0.56
- Provision for credit losses
- $5.3 million
- Nonperforming assets year ago
- 0.45%
- Total risk based capital ratio
- 14.53%
- Nonperforming assets prior quarter
- 1.09%
- Nonperforming assets pct total assets
- 1.27%
AI analysis
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