Shore Bancshares, Inc. filings document the public-company record for a Maryland financial holding company and its ownership of Shore United Bank, N.A. Form 8-K reports provide earnings releases, financial-condition updates, investor presentations, annual-meeting information and material agreements tied to subordinated note financing.
Proxy materials describe board and shareholder voting matters, executive compensation, equity-award data and governance practices. Other filings cover capital structure, regulatory-capital instruments, change-in-control severance arrangements and exhibit-based financial information for the banking organization.
John Lamon reported purchase transactions in this Form 4 filing. Shore Bancshares Inc. (SHBI) director John Lamon acquired 338 common shares on October 27, 2026, at $22.94 per share through the Shore Bancshares Dividend Reinvestment Plan, as an exempt acquisition pursuant to Rule 16a-11. His reported direct common-stock holdings after the transaction were 65,514 shares, including 56,403 shares owned jointly with his spouse. He also reported 1,855 restricted stock units, each a contingent right to one common share, vesting May 21, 2027. No Rule 10b5-1 plan is reported.
Shore Bancshares, Inc. reported third-quarter 2026 net income of $16.771 million, or $0.50 per diluted share, down 11.1% from the second quarter. Pre-tax pre-provision income, a non-GAAP measure, was $27.539 million, up 5.6%; net interest income was $55.127 million, up 4.2%, and net interest margin was 3.78%, up 8 basis points.
At September 30, total loans were $4.903 billion, up 0.5% from June 30, and deposits were $5.696 billion, up 5.5%. The deposit increase reflected seasonal municipal deposits; core deposits increased $10.2 million. Nonperforming assets were $81.769 million, or 1.27% of assets, compared with 1.09% in Q2. The allowance for credit losses was $59.554 million, or 1.21% of loans, and the quarterly provision for credit losses on loans was $5.268 million.
Management's 2026 outlook calls for loan growth of low to mid single digits, deposit growth in the mid single digits, and net interest margin of 3.60%-3.75%. The listed capital targets include a CET1 ratio of at least 11% and a total risk-based capital ratio of at least 14%.
Shore Bancshares, Inc. (SHBI) reported third-quarter 2026 net income of $16.8 million, or $0.50 per diluted common share, compared with $14.3 million, or $0.43, in Q3 2025 and $18.9 million, or $0.56, in Q2 2026. For the nine months ended September 30, 2026, net income was $52.7 million, up 20.9% from $43.6 million a year earlier.
Net interest income was $55.1 million, up 13.9% from Q3 2025, and net interest margin was 3.78%, versus 3.41%. Non-GAAP pre-tax, pre-provision income was $27.5 million, up 5.6% from the prior quarter; the efficiency ratio was 56.15%, compared with 61.00% a year earlier. The company declared a $0.14-per-share dividend and repurchased 148,006 shares for approximately $3.4 million during the quarter.
Credit costs and asset-quality measures also increased: provision for credit losses was $5.3 million versus $3.0 million in Q3 2025, while nonperforming assets reached $81.8 million, or 1.27% of total assets, at September 30, 2026, compared with $28.1 million and 0.45% a year earlier. Nonperforming assets included three large loans totaling $48.2 million; those loans had been partially charged off by $3.9 million and carried specific reserves of $3.1 million.
Shore Bancshares, Inc. (SHBI) adopted a Deferred Compensation Plan for Non-employee Directors on September 30, 2026. It permits annual elections to defer a specified percentage of director fees and vested equity awards; participants are always 100% vested in their elective deferrals and earnings.
The company also amended its existing Deferred Compensation Plan to eliminate non-employee director participation after the 2026 plan year. The new plan is intended to comply with Section 409A of the Internal Revenue Code.
For SHORE BANCSHARES INC (SHBI), EVP and Chief Information Officer Noah Edward Stayton reported the vesting and exercise of 3,692 Restricted Stock Units on August 21, 2026, converting one-for-one into common stock. Of these, 1,251 shares of common stock were withheld by the issuer to satisfy tax withholding obligations; no shares were sold by the reporting person. Following these transactions, Stayton holds 10,321 shares of common stock directly and retains unvested RSUs that are scheduled to vest in specified tranches through February 17, 2029.
SHORE BANCSHARES INC (SHBI) reported that EVP and Chief Financial Officer Charles S. Cullum exercised 1,581 restricted stock units on August 21, 2026, receiving an equal number of common shares on a one-for-one basis. Of these, 533 shares were withheld by the issuer to satisfy tax withholding obligations, and no shares were sold by the reporting person. Following this vesting event, Cullum holds 27,934 restricted stock units scheduled to vest in multiple tranches between November 19, 2026 and February 17, 2029.
SHORE BANCSHARES INC (SHBI) reports that its Board of Directors approved a comprehensive amendment and restatement of its bylaws on August 20, 2026. The revisions modernize notice and consent mechanics by allowing stockholder and board meeting notices, and written consents, to be given by electronic transmission.
Director elections now require a majority of votes cast in uncontested elections, while contested elections are excluded from this standard. New advance notice bylaws require stockholders to provide notice of business for the annual meeting between 90 and 120 days before the anniversary of the prior annual meeting. The bylaws clarify that advisory directors have no rights or duties of directors, define the powers and duties of the Chief Financial Officer, remove the Treasurer bond requirement, and permit fixing a stockholder record date up to 90 days before meetings or dividend payments. An exclusive forum provision designates Maryland state courts (or the U.S. District Court for the District of Maryland if no state court has jurisdiction) as the forum for specified internal corporate disputes.
Shore Bancshares Inc director John Lamon purchased 300 shares of Common Stock on August 3, 2026 at $24.5698 per share, increasing his direct holdings to 65,122 shares, including 56,065 shares owned jointly with his spouse, plus 1,855 restricted stock units vesting May 21, 2027.
Shore Bancshares, Inc. reported higher profitability for Q2 2026. Net income for the quarter was $18.9 million, up from $15.5 million a year earlier, with basic EPS of $0.56 versus $0.46. For the first six months of 2026, net income was $36.0 million and basic EPS was $1.08, compared with $29.3 million and $0.88 in the prior‑year period. Net interest income rose to $52.9 million in Q2, aided by lower interest expense and a smaller provision for credit losses.
Total assets were $6.15 billion at June 30, 2026, with loans held for investment of $4.88 billion and deposits of $5.40 billion. The allowance for credit losses was $58.7 million while nonaccrual loans increased to $64.8 million from $40.0 million at year‑end 2025, with modest net charge‑offs of $1.5 million year‑to‑date. The bank subsidiary remained well‑capitalized, with a CET1 ratio of 12.31% and a Tier 1 leverage ratio of 10.00%. The company increased its quarterly dividend to $0.14 per share and initiated a $30 million share repurchase program, buying 40,093 shares for $0.9 million in Q2.
Shore Bancshares Inc. director Michael Brian Adams exercised 2,310 restricted stock units on July 29, 2026, converting them into 2,310 shares of common stock at $0.00 per share. His direct common stock holdings increased to 48,416 shares, with an additional 10,110 shares held indirectly in a Roth IRA. A remaining 1,855 restricted stock units are scheduled to vest on May 21, 2027.