secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001628280-24-043624
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shore Bancshares Q3 net income $11.2M ($0.34 EPS); NIM rises to 3.17%
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- Q3 net income $11.2M vs net loss $9.7M a year ago; diluted EPS $0.34.
- Net interest income $43.3M, up $1.1M QoQ; NIM +6 bps to 3.17%.
- Total deposits $5.23B, up from $5.15B at June 30; wholesale funding minimal.
- Nonperforming assets stable at 0.27% of total assets; ACL 1.24% of loans.
- Nine-month net income $30.6M ($0.92 EPS) vs $0.7M ($0.03) prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000162828024043624/0001628280-24-043624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000162828024043624/shbi-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer