Shore Bancshares completes $60M subordinated notes offering at 6.25% fixed rate

SHORE BANCSHARES INC

$60M aggregate principal of 6.25% Fixed to Floating Rate Subordinated Notes due 2035 issued.
Notes initially bear 6.25% fixed for 5 years, then float at 3-month SOFR + 288 bps.
Intended to qualify as Tier 2 regulatory capital; proceeds for general corporate purposes and debt repayment.
Piper Sandler & Co. lead placement agent; Hovde Group co-placement agent.
Notes unsecured, subordinated, not guaranteed by subsidiaries; no conversion or sinking fund.

item 1.01 item 2.03 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-25-111485
form_type: 8-K
ticker: SHBI
cik: 0001035092
company_name: SHORE BANCSHARES INC
filed_at: 2025-11-13T23:59:59+00:00
discovered_at: 2026-05-14T18:02:38.604230+00:00
generated_at: 2026-05-16T20:06:11.892178+00:00
sec_items: ["1.01", "2.03", "7.01", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.6
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001104659-25-111485
json_url: https://secwatch.observer/filing/0001104659-25-111485.json
markdown_url: https://secwatch.observer/filing/0001104659-25-111485.md
text_url: https://secwatch.observer/filing/0001104659-25-111485.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/0001104659-25-111485-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/tm2530658d1_8k.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001104659-25-111485

view filing index on sec.gov

view primary document

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.