secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001628280-25-003214
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shore Bancshares Q4 net income $13.3M ($0.40 EPS) vs $0.34 in Q3; full-year EPS $1.32
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- Q4 net income $13.3M, EPS $0.40; full-year 2024 net income $43.9M, EPS $1.32 (vs $11.2M, $0.42 in 2023).
- Net interest income $44.0M (+$748K QoQ); NIM 3.03% (core NIM 2.85%, up 1bp).
- Nonperforming assets rose to $24.8M (0.40% of assets) from $15.8M (0.27%) in Q3; ACL at 1.21% of loans.
- Efficiency ratio improved to 64.21% from 67.49% in Q3; $4.7M credit card fraud event in 2024.
- Total assets $6.23B, deposits $5.53B; CRE office portfolio $506M, 10.60% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000162828025003214/0001628280-25-003214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000162828025003214/shbi-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-003214

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