secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2026-10-22T20:01:23+00:00
Accession:  0001035092-26-000058
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Shore Bancshares Q3 EPS $0.50 vs $0.56 in Q2; provision jumps to $5.3M on multifamily charge-off
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- Net income $16.8M, or $0.50 per diluted share, vs $18.9M/$0.56 in Q2 2026 and $14.3M/$0.43 in Q3 2025.
- Provision for credit losses $5.3M vs $896K in Q2; net charge-offs $4.8M vs $123K, driven by a partial multifamily loan write-off.
- Nonperforming assets $81.8M, or 1.27% of total assets, up from 1.09% at June 30 and 0.45% a year earlier; includes three loans totaling $48.2M.
- NIM 3.78%, up 8 bps QoQ; PTPP $27.5M, up 5.6%; efficiency ratio 56.15% vs 57.76% in Q2.
- Declared $0.14 per share dividend and repurchased 148,006 shares for about $3.4M; book value per share $18.59 vs $18.44 at June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000103509226000058/0001035092-26-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000103509226000058/shbi-20261022.htm
  HTML page:      https://secwatch.observer/filing/0001035092-26-000058

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