{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-002743","form_type":"8-K","ticker":"SHBI","cik":"0001035092","company_name":"SHORE BANCSHARES INC","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.169912+00:00","generated_at":"2026-06-06T12:43:40.687283+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Shore Bancshares Q4 net income $10.5M ($0.32/sh); deposits up 5.4% to $5.4B","bullets":["Q4 2023 net income $10.5M ($0.32 diluted EPS) vs Q3 net loss $9.7M ($0.29 loss) and Q4 2022 net income $8.4M ($0.42).","Full year 2023 net income $11.2M ($0.42) vs 2022 $31.2M ($1.57), down due to merger-related costs and higher provision.","Net interest margin fell to 3.09% from 3.35% QoQ; deposits increased $277.4M in Q4 to $5.4B.","TCFC merger closed July 1, 2023, valued ~$153.6M, added $2.4B assets; bargain purchase gain of $8.8M.","Provision for credit losses $31.0M in 2023 vs $1.9M in 2022, driven by CECL adoption and merger loan portfolios."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-002743","json":"https://secwatch.observer/filing/0001628280-24-002743.json","markdown":"https://secwatch.observer/filing/0001628280-24-002743.md","text":"https://secwatch.observer/filing/0001628280-24-002743.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024002743/0001628280-24-002743-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024002743/shbi-20240131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T12:43:40.687283+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4678e18880dbff176a99dfa0d28fd9b9e1bd1f4e","claim":"SHORE BANCSHARES INC reported the fiscal year of 2023 results: net income $11.2 million, EPS $0.42 per diluted common share.","evidence_excerpt":"Net income for the fiscal year of 2023 was $11.2 million or $0.42 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024002743/0001628280-24-002743-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year of 2023"},{"label":"Net income","value":"$11.2 million"},{"label":"EPS","value":"$0.42 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5d7de0a7fee4463036233b0299000a9bc492f3b7","claim":"SHORE BANCSHARES INC reported the fourth quarter of 2023 results: net income $10.5 million, EPS $0.32 per diluted common share.","evidence_excerpt":"Shore Bancshares, Inc. Reports 2023 Fourth Quarter and Annual Results Easton, Maryland (January 31, 2024) - Shore Bancshares, Inc. (NASDAQ - SHBI) (the “Company” or “Shore Bancshares”), the holding company for Shore United Bank N.A. (the “Bank” or “SUB”) reported net income for the fourth quarter of 2023 of $10.5 million or $0.32 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024002743/0001628280-24-002743-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Net income","value":"$10.5 million"},{"label":"EPS","value":"$0.32 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}