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.
Shore Bancshares, Inc. reported Q2 2026 net income of $18.9 million, or $0.56 per diluted share, up 10.4% from Q1 2026. Return on average assets was 1.24%, adjusted ROAA was 1.34%, and non-GAAP return on average tangible common equity reached 15.66%. Net interest income rose to $52.9 million as net interest margin expanded to 3.70% (3.45% excluding accretion), while the adjusted efficiency ratio improved to 54.49%.
Total period-end loans were $4.88 billion and deposits $5.40 billion, with core deposits up 1.0% and noninterest-bearing deposits at 29.76% of the total. Net charge-offs were $123 thousand, or 0.01% of average loans, nonperforming assets were 1.09% of assets, and the allowance for credit losses was 1.20% of loans, covering 87.41% of nonperforming assets. Capital ratios remained strong, including a common equity Tier 1 ratio of 11.09% and tangible common equity to tangible assets of 8.69%, and tangible book value per share increased to $15.77.
As a $6.2 billion community bank with a 7.11% deposit market share in its Maryland markets and 40 full-service branches across Maryland, Virginia and Delaware, management’s 2026 outlook assumes low single-digit loan growth, mid single-digit deposit growth, a net interest margin between 3.60% and 3.70%, and maintaining CET1 of at least 11% and total risk-based capital of at least 14%.
Shore Bancshares, Inc. reported a temporary lapse in Nasdaq audit committee independence standards. Its wholly owned subsidiary Shore United Bank, N.A. paid $10,555 between February and April 2026 to a law firm where director and Audit Committee member Louis P. Jenkins, Jr. is a partner, for legal services on various loan matters.
Because these payments occurred while Mr. Jenkins served on the Audit Committee, the company believes it did not comply with Nasdaq’s audit committee composition requirements under Nasdaq Listing Rule 5605(c)(2), which incorporates SEC Rule 10A-3(b)(1) independence criteria. To resolve this, Mr. Jenkins resigned from the Audit Committee effective July 16, 2026. The committee now has four members, all described as meeting Nasdaq’s independence requirements.
Shore Bancshares, Inc. reported stronger second quarter 2026 results, with net income of $18.9 million and diluted EPS of $0.56, up from $17.1 million and $0.51 in the prior quarter and $15.5 million and $0.46 a year earlier. Net income for the first half of 2026 was $36.0 million versus $29.3 million for the same period in 2025.
Profitability improved as return on average assets reached 1.24% (adjusted 1.34%) and net interest margin rose to from 3.64% in Q1 2026 and 3.34% in Q2 2025. Net interest income was $52.9 million, driven by lower deposit costs and elevated accretion and interest recoveries, while the efficiency ratio improved to 57.76% (adjusted 54.49%).
Asset quality showed mixed trends: net charge-offs fell to $123 thousand, but nonperforming assets increased year-over-year to $67.2 million, or 1.09% of total assets, largely from three large CRE-related loans. The allowance for credit losses was $58.7 million, or 1.20% of loans. Capital remained solid with a total equity-to-assets ratio of 10.02%, tangible equity-to-tangible assets of 8.69%, and a Tier 1 risk-based capital ratio of 11.71%. Book value per share rose to $18.44, and the company announced a $30 million share repurchase program, buying back 40,093 shares, and increased its quarterly dividend to $0.14 per share.
Shore Bancshares, Inc., parent of Shore United Bank, N.A., announced that the Bank’s Board of Directors has appointed B. Scot Ebron, age 57, as President of the Bank effective June 15, 2026. He was also appointed to the Bank’s Board of Directors.
Ebron has served as the Bank’s Chief Banking Officer since its combination with Community Bank of the Chesapeake in 2023, and previously held the same role at Community Bank of the Chesapeake. James M. Burke will continue as Chief Executive Officer of the Bank and as President and Chief Executive Officer of Shore Bancshares, providing continuity while Ebron focuses on executing the Bank’s strategic priorities.
Shore Bancshares director Michael Brian Adams increased his stake in SHBI. He acquired 175 shares of common stock at $20.29 per share, boosting his direct holdings to 45,818 shares. The increase is noted as an exempt acquisition under the company’s Dividend Reinvestment Plan pursuant to Rule 16a-11.
Adams also holds 10,047 shares indirectly through a Roth IRA. In addition, he now has 4,165 restricted stock units, including a new grant of 1,855 units that vest on May 21, 2027 and 2,310 units scheduled to vest on July 29, 2026, each unit representing one share of common stock.
Shore Bancshares director Alan J. Hyatt reported updated holdings and a new equity award. The Form 4 shows a grant of 1,855 Restricted Stock Units, each representing a contingent right to receive one share of SHBI common stock, bringing his direct RSU holdings to 4,165 units that vest on July 29, 2026 and May 21, 2027. He also reports 936,693 shares of common stock held directly, plus additional indirect holdings through several trusts, a partnership, an IRA, and his spouse, reflecting a higher overall beneficial ownership that includes shares acquired under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
Sanders Edward Lawrence III reported acquisition or exercise transactions in this Form 4 filing.
Shore Bancshares director Edward Lawrence Sanders III reported updated equity holdings, including a grant of 1,855 restricted stock units (RSUs) awarded on May 21, 2026. This grant increases his direct RSU balance to 4,165 units, each representing a contingent right to one share of SHBI common stock.
Footnotes state that 2,310 RSUs vest on July 29, 2026 and the new 1,855 RSUs vest on May 21, 2027. Sanders also reports indirect ownership of SHBI common stock through a trust, his IRA, and his spouse’s IRA, in addition to 69,981 directly held common shares.
Shore Bancshares director David S. Jones reported updated equity holdings in SHBI and a new compensation grant. The filing shows an award of 1,855 restricted stock units, each representing one share of common stock, that vest on May 21, 2027, the first anniversary of the award.
Jones now directly holds 11,650 shares of common stock and 4,165 restricted stock units in total, including 2,310 units scheduled to vest on July 29, 2026 and the new 1,855-unit grant vesting on May 21, 2027. Several additional common stock positions are held indirectly through entities and an IRA.
A footnote explains that his beneficial ownership also increased through an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11, indicating automatic reinvestment of dividends rather than open-market purchases.
CLEMMER R. MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
SHORE BANCSHARES INC director R. Michael Clemmer received a grant of 1,855 Restricted Stock Units (RSUs) on May 21, 2026. Each RSU represents a contingent right to one share of SHBI common stock, and this award vests on May 21, 2027.
After this grant, Clemmer holds 4,165 RSUs in total, including 2,310 RSUs scheduled to vest on July 29, 2026. He also holds 29,991 shares of common stock directly and 350 shares indirectly through a child, with a recent increase in beneficial ownership noted under the company’s Dividend Reinvestment Plan.
WAYSON KONRAD reported acquisition or exercise transactions in this Form 4 filing.
Shore Bancshares Inc. director Konrad Wayson received a grant of 1,855 restricted stock units (RSUs) on May 21, 2026. Each RSU represents a contingent right to one share of SHBI common stock and is scheduled to vest on May 21, 2027, the first anniversary of the award.
After this grant, Wayson directly holds 6,892 RSUs tied to common stock, along with 22,143 common shares held directly and 62,008 common shares held indirectly through a trust. The RSUs vest over several future dates, creating a staggered schedule of potential share delivery.