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 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. reported stronger Q1 2026 results, with net income rising to $17.1 million from $13.8 million a year earlier. Basic and diluted EPS were $0.51, up from $0.41.
Net interest income increased to $52.6 million from $45.9 million as interest income on loans grew and deposit funding costs eased, with total interest expense falling to $25.8 million from $30.0 million. The provision for credit losses was modest at $0.1 million, down from $1.0 million.
Total assets were $6.21 billion and loans held for investment were $4.85 billion, both slightly lower than at year-end 2025, while deposits declined to $5.46 billion. Credit quality showed some pressure as nonaccrual loans increased to $65.0 million from $40.0 million, and net charge-offs for the quarter were $1.3 million.
The Company remained well capitalized. At the bank level, the Common Equity Tier 1 capital ratio was 12.18% and the Tier 1 leverage ratio was 9.58%, both comfortably above regulatory minimums and well‑capitalized thresholds.
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 ownership filing: Dimensional Fund Advisors reports beneficial ownership of 1,683,403 shares, representing 5.0% of common stock as of 03/31/2026. The filing states Dimensional has sole voting power for 1,648,578 shares and disclaims beneficial ownership because the shares are owned by managed Funds.
Shore Bancshares, Inc. is holding a virtual 2026 annual meeting on May 20, 2026, where stockholders will elect five Class II directors, cast an advisory vote on executive pay, and ratify Crowe LLP as auditor.
The company highlights nearly 5% core deposit growth, an expanded net interest margin, and an ROA above 1% in the fourth quarter of 2025. Governance features include a largely independent board, separate chair and CEO roles, robust risk and cybersecurity oversight, stock ownership guidelines, and a clawback policy. Executive pay is heavily performance-based, with 2025 short‑term incentives paying 113.63% of target and long‑term equity tied to relative ROAA and ROAE. At the 2025 meeting, 91.7% of votes supported “say‑on‑pay.”
Shore Bancshares director Konrad Wayson reported a compensation-related stock grant and updated holdings. He received 795 restricted stock units on April 2, 2026, each representing one share of Shore Bancshares common stock and scheduled to vest on April 2, 2027. Following this award, he holds 5,037 restricted stock units in total, with vesting dates in 2026 and 2027. The filing also reports 22,143 shares of common stock held directly and 62,008 shares held indirectly through a trust. A footnote notes an increase in beneficial ownership from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
The Vanguard Group filed an amendment on its Schedule 13G/A stating it beneficially owns 0 shares (0%) of Shore Bancshares Inc Common Stock following an internal realignment.
The filing explains that, after the January 12, 2026 realignment and in accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries and business divisions will report ownership separately and The Vanguard Group, Inc. no longer is deemed to beneficially own securities held by those entities. The form is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
SHORE BANCSHARES INC President & CEO James M. Burke reported equity award vesting and related tax withholding transactions. On March 6 and 7, 2026, restricted stock units converted into a total of 10,939 shares of common stock at no cash exercise price, reflecting compensation vesting rather than open‑market purchases. On those dates, 3,852 common shares were withheld by the issuer to satisfy tax obligations tied to the RSU vesting, and the footnotes state that no shares were sold by Burke. After these transactions, his reported direct common stock holdings increased, while his remaining restricted stock units continue to vest on specified future dates.
Shore Bancshares EVP and Chief Human Resources Officer Christy Lombardi reported equity compensation-related transactions involving restricted stock units (RSUs) and common stock. On March 6 and March 7, 2026, RSUs converted into 1,360 and 1,325 shares of common stock, respectively, at a stated price of $0.0000 per share, reflecting vesting of awards rather than open-market purchases.
On those same dates, 489 and 465 common shares were withheld by the issuer to cover tax obligations tied to the RSU vesting, and the footnotes state that no shares were sold by the reporting person. After these transactions, Lombardi directly held 57,900 common shares and 7,525 RSUs, with an additional 6,555 common shares held indirectly through an IRA.