Welcome to our dedicated page for SHORE BANCSHARES SEC filings (Ticker: SHBI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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.
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.
Shore Bancshares Inc director R. Michael Clemmer reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026 at no exercise price. After this event, he directly holds 32,466 common shares, plus 1,855 unvested RSUs scheduled to vest on May 21, 2027, and 350 shares held indirectly through a child.
Shore Bancshares Inc director Alan J. Hyatt exercised 2,310 restricted stock units into an equal number of common shares on July 29, 2026, bringing his direct common stock holdings to 939,004 shares. The related RSU award has 1,855 units scheduled to vest on May 21, 2027. He also reports significant indirect ownership through an IRA, his spouse, a partnership, and several family trusts.
Shore Bancshares Inc. director Louis P. Jenkins Jr. reported the vesting and conversion of 2,310 restricted stock units into 2,310 shares of common stock on July 29, 2026. Following the transaction, he directly owns 64,510 common shares and holds 1,855 unvested restricted stock units scheduled to vest on May 21, 2027. The increase in common stock is described as an exempt acquisition under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
Shore Bancshares Inc. director David S. Jones reported the vesting and conversion of 2,310 restricted stock units into an equal number of shares of common stock on July 29, 2026. His directly held common stock increased to 13,960 shares following this transaction.
After this vesting, 1,855 restricted stock units remain outstanding and are scheduled to vest on May 21, 2027. Jones also reports indirect ownership of 1,241 shares held by an IRA, 37,192 by Southern Drywell, Inc., 9,279 by Jones of Annapolis, Inc., and 10,315 by Sonne Capital LLC.