---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-007028"
form_type: "8-K"
ticker: "SHBI"
cik: "0001035092"
company_name: "SHORE BANCSHARES INC"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:43:58.410279+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Shore Bancshares reports Q4 net income $8.4M, FY2022 net income $31.2M

## Summary
- Q4 2022 net income $8.4M ($0.42 EPS) vs Q3 $9.7M ($0.49 EPS) and Q4 2021 $2.7M ($0.16 EPS). Adjusted Q4 EPS $0.46.
- FY2022 net income $31.2M ($1.57 EPS) vs FY2021 $15.4M ($1.17 EPS); adjusted FY2022 EPS $1.65.
- Net interest margin 3.35% in Q4 2022, down from 3.38% in Q3 but up from 2.87% in Q4 2021.
- Loan growth of ~20% in 2022; total assets $3.477B; total deposits down slightly.
- Recorded merger-related expenses of $935K for pending TCFC acquisition; Severn integration completed.

## SEC filing metadata
- accession: 0001104659-23-007028
- form_type: 8-K
- ticker: SHBI
- cik: 0001035092
- company_name: SHORE BANCSHARES INC
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000110465923007028/0001104659-23-007028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000110465923007028/tm234508d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-007028
- JSON: https://secwatch.observer/filing/0001104659-23-007028.json
- Plain text: https://secwatch.observer/filing/0001104659-23-007028.txt

## Key facts
- Earnings Releases
  SHORE BANCSHARES INC reported the fiscal year of 2022 results: net income Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share, EPS $1.57 per diluted common share.
  - Period: the fiscal year of 2022
  - Net income: Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share
  - EPS: $1.57 per diluted common share
  - Result: reported results
  source text: Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share, compared to net income for the fiscal year of 2021 of $15.368 million or $1.17 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035092/000110465923007028/0001104659-23-007028-index.htm
- Earnings Releases
  SHORE BANCSHARES INC reported the fourth quarter of 2022 results: net income net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022, EPS $0.42 per diluted common share.
  - Period: the fourth quarter of 2022
  - Net income: net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022
  - EPS: $0.42 per diluted common share
  - Result: reported results
  source text: Shore Bancshares Reports 2022 Financial Results Easton, Maryland (01/26/2023) - Shore Bancshares, Inc. (NASDAQ - SHBI) (the “Company”) reported net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035092/000110465923007028/0001104659-23-007028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.