Last $9.17 USD
Change Today +0.07 / 0.77%
Volume 110.0
SHBI On Other Exchanges
Symbol
Exchange
Berlin
As of 9:30 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

shore bancshares inc (SHBI) Snapshot

Open
$9.17
Previous Close
$9.10
Day High
$9.17
Day Low
$9.17
52 Week High
05/28/14 - $10.49
52 Week Low
10/29/13 - $8.50
Market Cap
115.7M
Average Volume 10 Days
2.4K
EPS TTM
$0.48
Shares Outstanding
12.6M
EX-Date
05/18/12
P/E TM
19.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for SHORE BANCSHARES INC (SHBI)

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shore bancshares inc (SHBI) Details

Shore Bancshares, Inc. operates as the holding company for The Centreville National Bank of Maryland and The Talbot Bank of Easton, which provide various commercial banking products and services to individuals and businesses in Maryland and Delaware. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings and money market accounts; and regular and IRA certificates of deposit, as well as CDARS program, cash management services, and various checking services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition development, construction loans, and letters of credit; and loans to consumers comprising mortgage, home improvement, marine, installment, and other personal loans; personal lines of credit; and automobile and other consumer financing. In addition, it offers merchant credit card clearing services, direct deposit of payroll, Internet and telephone banking services, safe deposit boxes, debit and credit cards, and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans for executives and employees. It operates 18 full service branches and 20 ATMs in the Kent County, Queen Anne’s County, Caroline County, Talbot County, and Dorchester County in Maryland, as well as in Kent County, Delaware. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

312 Employees
Last Reported Date: 03/20/14
Founded in 1876

shore bancshares inc (SHBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $345.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $250.0K
Chief Executive Officer of Talbot Bank and Pr...
Total Annual Compensation: $286.0K
Chief Executive Officer of Centreville Nation...
Total Annual Compensation: $265.0K
Compensation as of Fiscal Year 2013.

shore bancshares inc (SHBI) Key Developments

Shore Bancshares, Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

Shore Bancshares, Inc. Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

Shore Bancshares, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Shore Bancshares, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $9,523,000 against $10,755,000 a year ago. Net interest income was $8,447,000 against $9,001,000 a year ago. The decline in net interest income for the second quarter of 2014 when compared to the second quarter of 2013 was primarily due to lower volumes of and yields earned on loans, partially offset by lower volumes of and rates paid on time deposits and money market and savings deposits. Income before income taxes was $2,108,000 against $504,000 a year ago. Net income was $1,305,000 against $361,000 a year ago. Basic and diluted earnings per share were $0.13 against $0.04 a year ago. Return on average assets was 0.50% against 0.13% a year ago. Return on average equity was 4.47% against 1.27% a year ago. Return on average tangible equity was 5.28% against 1.66% a year ago. For the six months, the company reported total interest income of $18,978,000 against $21,362,000 a year ago. Net interest income was $16,770,000 against $17,478,000 a year ago. The decrease was primarily due to lower volumes of and yields earned on loans, partially offset by lower volumes of and rates paid on time deposits and money market and savings deposits. Income before income taxes was $4,129,000 against $830,000 a year ago. Net income was $2,563,000 against $583,000 a year ago. Basic and diluted earnings per share were $0.28 against $0.07 a year ago. Return on average assets was 0.49% against 0.11% a year ago. Return on average equity was 4.66% against 1.03% a year ago. Return on average tangible equity was 5.60% against 1.38% a year ago. Book value per common share at period end was $10.90 against $13.43 a year ago. Tangible book value per common share at period end was $9.84 against $11.52 a year ago. For the quarter, the company reported net charge-offs of $1,943,000 against $2,712,000 a year ago.

Shore Bancshares Mulls Acquisitions

Shore Bancshares, Inc. (NasdaqGS:SHBI) is seeking acquisitions. Shore will use the proceeds from its shares offerings for opportunistic acquisitions.

 

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