---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-051401"
form_type: "8-K"
ticker: "SHBI"
cik: "0001035092"
company_name: "SHORE BANCSHARES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:46:20.014816+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shore Bancshares Q1 net income $6.5M ($0.32 EPS); deposits stable; TCFC merger on track

## Summary
- Net income of $6.457M ($0.32 diluted EPS) vs. $8.407M ($0.42) in Q4 2022 and $5.613M ($0.28) in Q1 2022.
- Adjusted net income (ex-merger costs) $6.959M ($0.35 EPS); net interest income $25.7M, NIM 3.18%.
- Total deposits decreased less than 1% from Dec 31, 2022; FHLB borrowings increased $91.6M to manage liquidity.
- Pending TCFC merger expected to close on or about July 1, 2023; all bank regulatory approvals received.
- Nonperforming assets fell to $2.7M from $3.9M; provision for credit losses $1.2M on loan growth of $112.6M.

## SEC filing metadata
- accession: 0001104659-23-051401
- form_type: 8-K
- ticker: SHBI
- cik: 0001035092
- company_name: SHORE BANCSHARES INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000110465923051401/0001104659-23-051401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000110465923051401/tm2314011d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-051401
- JSON: https://secwatch.observer/filing/0001104659-23-051401.json
- Plain text: https://secwatch.observer/filing/0001104659-23-051401.txt

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