SHORE BANCSHARES INC reported the fiscal year of 2022 results: net income Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share, EPS $1.57 per diluted common share.
“Net income for the fiscal year of 2022 was $31.177 million or $1.57 per diluted common share, compared to net income for the fiscal year of 2021 of $15.368 million or $1.17 per diluted common share.”
Earnings Releases
SHORE BANCSHARES INC reported the fourth quarter of 2022 results: net income net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022, EPS $0.42 per diluted common share.
“Shore Bancshares Reports 2022 Financial Results Easton, Maryland (01/26/2023) - Shore Bancshares, Inc. (NASDAQ - SHBI) (the “Company”) reported net income of $8.407 million or $0.42 per diluted common share for the fourth quarter of 2022”
Material Agreements
SHORE BANCSHARES INC entered into Agreement and Plan of Merger with The Community Financial Corporation (effective 2022-12-14).
“On December 14, 2022, Shore Bancshares, Inc., a Maryland corporation (the “ Company ” or “ SHBI ”), and The Community Financial Corporation, a Maryland corporation (“ TCFC ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)”
Earnings Releases
SHORE BANCSHARES INC reported first nine months of 2022 results: net income $22.769 million, EPS $1.15 per diluted common share.
“Net income for the first nine months of 2022 was $22.769 million or $1.15 per diluted common share”
Earnings Releases
SHORE BANCSHARES INC reported third quarter of 2022 results: net income $9.658 million, EPS $0.49 per diluted common share.
“reported net income of $9.658 million or $0.49 per diluted common share for the third quarter of 2022”
Vance W. Adkins changed role as Chief Financial Officer at SHORE BANCSHARES INC.
“Upon Mr. Allen's retirement, Vance W. Adkins, who is currently serving as the Company's Executive Vice President and Treasurer, will assume the role of Chief Financial Officer of the Company and the Bank.”
Edward C. Allen departed as Executive Vice President and Chief Financial Officer at SHORE BANCSHARES INC.
“On September 13, 2022, Edward C. Allen provided notice of his intention to retire as the Executive Vice President and Chief Financial Officer of Shore Bancshares, Inc.”
Esther A. Streete was appointed as Director at SHORE BANCSHARES INC.
“approved the appointment of Ms. Esther A. Streete as a member of the Company’s Board of Directors.”
Konrad M. Wayson was appointed as Director at SHORE BANCSHARES INC.
“appointed each of the Director Nominees to serve as directors of SHBI and Shore United, and appointed Mr. Hyatt as the Chairman of the Boards”
John A. Lamon, III was appointed as Director at SHORE BANCSHARES INC.
“appointed each of the Director Nominees to serve as directors of SHBI and Shore United, and appointed Mr. Hyatt as the Chairman of the Boards”
David S. Jones was appointed as Director at SHORE BANCSHARES INC.
“appointed each of the Director Nominees to serve as directors of SHBI and Shore United, and appointed Mr. Hyatt as the Chairman of the Boards”
Alan J. Hyatt was appointed as Chairman of the Board at SHORE BANCSHARES INC.
“appointed each of the Director Nominees to serve as directors of SHBI and Shore United, and appointed Mr. Hyatt as the Chairman of the Boards”
David J. Bates retired as Director at SHORE BANCSHARES INC.
“On August 9, 2021, David J. Bates provided notice of his intention to retire for personal health reasons from the Boards of Directors of Shore Bancshares, Inc. (the “Company”) and its wholly-owned subsidiary, Shore United Bank, as well as from any committees of such Boards of Directors on which he serves, effective August 31, 2021.”
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