---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032901"
form_type: "8-K"
ticker: "SHBI"
cik: "0001035092"
company_name: "SHORE BANCSHARES INC"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:08:24.547735+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Shore Bancshares Q2 net income $11.2M, EPS $0.34; NIM expands, efficiency improves

## Summary
- Net income of $11.2M ($0.34 diluted EPS) vs $8.2M ($0.25) in Q1 and $4.0M ($0.20) in Q2 2023.
- Net interest margin expands to 3.11% from 3.08% Q1; efficiency ratio improves to 66.2% from 76.9%.
- Provision for credit losses $2.1M vs $0.4M in Q1; net charge-offs $0.9M; nonperforming assets $18.4M (0.31% of assets).
- Noninterest income rises $1.9M QoQ to $8.4M; noninterest expense drops $3.2M QoQ to $33.5M (excludes $4.3M fraud loss in Q1).
- Total assets $5.9B, deposits $5.1B; Tier 1 capital ratio 9.67%, tangible common equity ratio 7.23%.

## SEC filing metadata
- accession: 0001628280-24-032901
- form_type: 8-K
- ticker: SHBI
- cik: 0001035092
- company_name: SHORE BANCSHARES INC
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000162828024032901/0001628280-24-032901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000162828024032901/shbi-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032901
- JSON: https://secwatch.observer/filing/0001628280-24-032901.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032901.txt

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