SHORE BANCSHARES INC (SHBI): M&A transaction — TCFC Q1 2023 net income $7.3M; SHBI files acquisition financials

SHORE BANCSHARES INC

TCFC Q1 net income $7.327M ($1.30 diluted EPS); net interest income $19.068M.
Total assets $2.428B; net loans $1.821B; allowance for credit losses $23.515M.
Total deposits $2.154B, up 3.2% from $2.088B at Dec 31, 2022.
Pro forma combined balance sheet and income statement for March 31, 2023 also filed.

item 9.01 item 2.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SHORE BANCSHARES INC completed an acquisition involving The Community Financial Corporation.

Action: acquisition
Counterparty: The Community Financial Corporation

Exact text from the filing

reporting under Item 2.01 the completion of its previously announced merger (the "Merger") with The Community Financial Corporation ("TCFC").

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SHORE BANCSHARES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-088404

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