---
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"
generated_at: "2026-05-16T20:06:11.892178+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/0001104659-25-111485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000110465925111485/tm2530658d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-111485
- JSON: https://secwatch.observer/filing/0001104659-25-111485.json
- Plain text: https://secwatch.observer/filing/0001104659-25-111485.txt

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