Shore Bancshares, Inc. furnished an investor presentation for the second quarter of 2026, reporting net income of $18.9 million, or $0.56 per diluted share, and a non-GAAP adjusted ROAA of 1.34%. The company reported total loans of $4.88 billion and total deposits of $5.40 billion, with a net interest margin of 3.70%. Management provided a full-year 2026 outlook, projecting low-single digit loan growth and mid-single digit deposit growth, with a target efficiency ratio in the mid-50% range. Shore Bancshares is a financial holding company that operates Shore United Bank, N.A., providing banking and wealth management services in Maryland, Virginia, and Delaware.

Shore Bancshares, Inc. notified Nasdaq that its wholly owned subsidiary, Shore United Bank, N.A., made $10,555 in payments to a law firm where director Louis P. Jenkins, Jr. is a partner. These payments for legal services between February and April 2026 resulted in a violation of Nasdaq's audit committee independence requirements. To resolve the non-compliance, Mr. Jenkins resigned from the Audit Committee effective July 16, 2026. The committee now consists of four members meeting all independence criteria. Shore Bancshares, Inc. is a financial services company providing banking services through its subsidiary.

Shore Bancshares, Inc. reported second quarter 2026 net income of $18.9 million, or $0.56 per diluted share, an increase from $17.1 million in Q1 2026 and $15.5 million in Q2 2025. The company reported a net interest margin of 3.70% and a return on average assets of 1.24%. During the quarter, the company declared a dividend of $0.14 per share, representing a 16.7% increase over the prior quarter, and announced a new $30 million share repurchase program, repurchasing 40,093 shares for approximately $891 thousand. Total assets were $6.15 billion at June 30, 2026. The company operates as a financial holding company for Shore United Bank, N.A., providing banking, trust, and wealth management services.

Shore Bancshares, Inc. announced that its wholly-owned subsidiary, Shore United Bank, N.A., appointed B. Scot Ebron to the position of President of the Bank. Mr. Ebron, who previously served as the Bank's Chief Banking Officer, also joined the Bank's Board of Directors. James M. Burke remains the President and Chief Executive Officer of the Company. Shore Bancshares, Inc. is a bank holding company providing financial services through its subsidiary.