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 director John Lamon reported the vesting and conversion of 2,310 restricted stock units into the same number of shares of SHBI common stock on July 29, 2026. Following this exercise, he holds 64,822 common shares directly and 1,855 restricted stock units scheduled to vest on May 21, 2027. The reported increase in beneficial ownership reflects shares acquired under Shore Bancshares’ dividend reinvestment plan pursuant to Rule 16a-11.
Shore Bancshares Inc. director Rebecca Middleton McDonald reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026. Following this, she directly holds 10,318 common shares and retains 1,855 unvested restricted stock units scheduled to vest on May 21, 2027. She also has indirect beneficial ownership of additional common shares held through trusts, including 54,024 shares by a trust for her benefit and further positions in the BMF and EFD IR trusts.
Shore Bancshares Inc. director Edward Lawrence Sanders III reported the vesting and conversion of 2,310 restricted stock units into common stock on July 29, 2026. This brought his direct common-stock holdings to 72,856 shares, with 1,855 restricted stock units scheduled to vest on May 21, 2027, plus additional indirect holdings through IRAs and a trust.
Shore Bancshares Inc. director Konrad Wayson reported the vesting and conversion of 2,310 restricted stock units into an equal number of common shares on July 29, 2026. After these transactions, he holds 24,573 common shares directly, 62,396 common shares indirectly through a trust, and 4,582 unvested restricted stock units scheduled to vest through May 21, 2027. A portion of the reported ownership increase reflects acquisitions under Shore Bancshares’ Dividend Reinvestment Plan.
Shore Bancshares EVP and Chief Financial Officer Charles S. Cullum reported the vesting of 4,161 restricted stock units on July 29, 2026, which converted into an equal number of common shares. As part of the transaction, 1,413 common shares were used to cover exercise-price or tax-liability obligations, reported under code F.
After this vesting and conversion, 29,515 restricted stock units remain outstanding, scheduled to vest in specified tranches between August 21, 2026 and February 17, 2029.
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.