secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001104659-22-112074
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000110465922112074/0001104659-22-112074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000110465922112074/tm2229105d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112074

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