Shore Bancshares Q3 net income $9.66M ($0.49 EPS), up 29% from Q2

SHORE BANCSHARES INC

2022-Q3 EPS reported $1.15 revenue$11,862,000

Net income $9.658M ($0.49 diluted EPS) vs. $7.499M ($0.38) Q2 2022 and $4.616M ($0.39) Q3 2021.
Adjusted net income (excl. merger expenses) $9.774M ($0.49) vs. $7.674M ($0.39) Q2 2022.
Net interest margin expanded to 3.38% from 3.10% Q2 2022; net interest income rose to $27.3M.
Loans grew 6.0% in Q3; provision for credit losses $675K vs. $200K Q2 on loan growth.
Nonperforming assets were $4.4M, up from $4.0M at June 30, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHORE BANCSHARES INC reported first nine months of 2022 results: net income $22.769 million, EPS $1.15 per diluted common share.

Period: first nine months of 2022
Net income: $22.769 million
EPS: $1.15 per diluted common share
Result: reported results

Exact text from the filing

Net income for the first nine months of 2022 was $22.769 million or $1.15 per diluted common share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHORE BANCSHARES INC reported third quarter of 2022 results: net income $9.658 million, EPS $0.49 per diluted common share.

Period: third quarter of 2022
Net income: $9.658 million
EPS: $0.49 per diluted common share
Result: reported results

Exact text from the filing

reported net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

SHORE BANCSHARES INC filing history →

Source: SEC EDGAR

accession 0001104659-22-112074

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.