Every 8-K that Shore Bancshares Inc (SHBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SHBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SHBI filings page.
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. 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, Inc. reported that its Board of Directors approved and adopted a new Code of Ethics and Business Conduct. The Code applies to all officers, directors, and employees of the company and its subsidiaries, including the principal executive, financial, and accounting officers.
The new Code results from a periodic evaluation and updates and clarifies topics covered in the prior Code and related policies, while keeping the underlying ethical principles substantively unchanged. The company states that adopting the new Code does not grant any explicit or implicit waivers from provisions of the prior Code. The full text is filed as Exhibit 14 and is also available on the company’s website under “Governance – Governance Documents.”
Shore Bancshares, Inc. reported the results of its annual stockholder meeting held on May 20, 2026. Stockholders elected five directors—Michael B. Adams, James M. Burke, Louis P. Jenkins, Jr., David S. Jones, and Dawn M. Willey—to three-year terms, with each nominee receiving more votes for than against.
Stockholders also approved, on a non-binding basis, the compensation of the company’s named executive officers, with 23,842,167 shares voted for and 593,669 against, and 3,877,710 broker non-votes. In addition, they ratified the appointment of Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 28,335,126 shares voted for and minimal opposition.
Shore Bancshares, Inc. furnished an investor presentation outlining strong first quarter 2026 results. The company reported record net income of $17.1 million, or $0.51 per diluted share, with a return on average assets of 1.12% and return on average tangible common equity of 14.83%.
Net interest income reached $52.6 million, and net interest margin improved to 3.64%, helped by higher asset yields and lower deposit costs. Total loans were $4.85 billion and deposits $5.46 billion at March 31, 2026. Asset quality metrics remained stable, with allowance for credit losses at 1.21% of loans and nonperforming assets at 1.10% of total assets.
The presentation highlights a largely commercial real estate–focused loan book, a diversified deposit base with 28.70% in noninterest-bearing deposits, and solid capital ratios, including a Common Equity Tier 1 ratio of 10.97% and tangible common equity to tangible assets of 8.37%.
Shore Bancshares, Inc. reported record first quarter 2026 net income of $17.1 million, or $0.51 per diluted share, up from $15.9 million ($0.48) in the prior quarter and $13.8 million ($0.41) a year earlier. Return on average assets rose to 1.12% and adjusted ROAA to 1.22%. Net interest income increased to $52.6 million, with net interest margin expanding to 3.64% from 3.43% in Q4 2025 and 3.21% in Q1 2025, helped by lower deposit and borrowing costs.
Book value per share increased to $18.02, and tangible book value per share to $15.30. Asset quality weakened, as nonperforming assets climbed to $68.4 million, or 1.10% of total assets, versus 0.69% at year-end 2025 and 0.31% a year ago, largely tied to a few multifamily and office CRE relationships. The allowance for credit losses was $58.5 million, or 1.21% of loans. Deposits totaled $5.46 billion, with uninsured deposits of $933.0 million (17.1% of deposits) and available liquidity of $1.82 billion. Capital remained strong, with a Common Equity Tier 1 ratio of 10.97% and total risk-based capital ratio of 14.08%.
Shore Bancshares, Inc. filed a current report to make an investor presentation publicly available. The company attached this presentation as Exhibit 99.1 for use in potential meetings with investors and analysts, providing additional financial and business information about the company.
The company specifies that the presentation and related disclosure are furnished under Regulation FD and Item 7.01, meaning they are not considered filed for liability purposes under the Exchange Act and will not be automatically incorporated into other securities filings unless specifically referenced.
Shore Bancshares, Inc. filed a current report to announce the date and format of its next Annual Meeting of Stockholders. The meeting will be held on May 20, 2026, at 9:00 a.m. Eastern Time in a virtual-only format. The company’s common stock trades on the NASDAQ Global Select Market under the symbol SHBI.
Shore Bancshares, Inc. furnished a current report to let investors know it has released a press release covering its results of operations and financial condition for the year ended December 31, 2025. The release is included as Exhibit 99.1 and is incorporated by reference.
The filing clarifies that this information is being furnished, not filed, under securities laws, which affects how it is treated for liability and incorporation into other registration statements. The report is signed by President and Chief Executive Officer James M. Burke.
Shore Bancshares, Inc. reported that its President and CEO James M. Burke, Executive Vice President and CFO Charles S. Cullum, and Executive Vice President and COO Donna J. Stevens have become participants in a new Change in Control Severance Plan. The plan is designed to keep key leaders focused on their roles if there is a potential or actual change in control of the company.
Under the plan, an executive who experiences a "Qualifying Termination" within 24 months after a change in control—either being terminated without cause or resigning for defined "Good Reason" such as a material pay cut, reduced responsibilities, or a relocation of more than thirty miles—will receive severance benefits. These include a lump sum cash payment based on a severance multiplier applied to base pay plus target bonus, and a lump sum cash payment tied to COBRA health premiums for a defined period.
Mr. Burke has a severance multiplier of three, while Mr. Cullum and Ms. Stevens each have a multiplier of two. Mr. Burke is also subject to a one-year non-compete and one-year non-solicitation of employees and customers, while Mr. Cullum and Ms. Stevens are subject to a one-year non-solicitation. The new plan replaces severance rights under other individual arrangements for participating executives.
Shore Bancshares (SHBI) entered into Subordinated Note Purchase Agreements and completed a private placement of $60.0 million in 6.25% fixed-to-floating rate subordinated notes due 2035. The notes were sold at 100% of face value and proceeds are intended for general corporate purposes and repayment of existing indebtedness.
The notes pay a 6.25% fixed rate semi-annually to but excluding November 15, 2030, then reset quarterly to three-month SOFR + 288 bps to maturity or earlier redemption. The company may redeem on or after November 15, 2030, in whole or in part, subject to prior regulatory approval as required. The notes are unsecured, subordinated, not convertible, not subject to a sinking fund, and are intended to qualify as Tier 2 capital.
Shore Bancshares entered into Registration Rights Agreements to provide for an exchange into registered notes with substantially the same terms; failure to meet those obligations would require payment of additional interest.
Shore Bancshares (SHBI) furnished an investor presentation as Exhibit 99.1 under Regulation FD (Item 7.01) for use in potential meetings with investors and analysts.
The materials are furnished, not deemed filed under Section 18 of the Exchange Act, and are not incorporated by reference unless expressly set forth by specific reference. The company states it does not undertake to update the presentation.
Shore Bancshares, Inc. furnished an 8-K announcing it issued a press release with results of operations and financial condition for the three and nine months ended September 30, 2025. The press release is attached as Exhibit 99.1 and dated October 23, 2025.
The disclosure was made under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits) and is expressly stated as furnished, not filed, and therefore not subject to Section 18 liability. Shore Bancshares’ common stock trades on the NASDAQ Global Select Market under the symbol SHBI.