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Last $9.33 USD
Change Today -0.08 / -0.85%
Volume 3.4K
SHBI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

shore bancshares inc (SHBI) Snapshot

Open
$9.38
Previous Close
$9.41
Day High
$9.48
Day Low
$9.33
52 Week High
05/15/15 - $9.94
52 Week Low
03/9/15 - $8.51
Market Cap
117.8M
Average Volume 10 Days
5.1K
EPS TTM
$0.47
Shares Outstanding
12.6M
EX-Date
05/18/12
P/E TM
19.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for SHORE BANCSHARES INC (SHBI)

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shore bancshares inc (SHBI) Details

Shore Bancshares, Inc., through its subsidiaries, provides various commercial banking products and services to individuals and businesses in Maryland and Delaware. The company operates through two segments, Community Banking, and Insurance Products and Services. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS program, cash management services, and various checking services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition development loans, construction loans, and letters of credit, as well as commercial mortgages, and equipment and operating loans; and loans to consumers comprising mortgage, home equity, automobile, marine, installment, and other secured and unsecured personal lines of credit. In addition, it offers merchant credit card clearing services, direct deposit of payroll, Internet and telephone banking services, safe deposit boxes, debit and credit cards, and automatic teller machine (ATM) services. Further, the company provides non-deposit products, such as mutual funds and annuities, and discount brokerage services; trust, asset management, and financial planning services; and insurance products and services to businesses and consumers, including property and casualty, life, marine, individual health, and long term care insurance, as well as pension and profit sharing plans, and retirement plans for executives and employees. It operates 18 full service branches and 20 ATMs in the Kent County, Queen Anne’s County, Caroline County, Talbot County, and Dorchester County in Maryland, as well as in Kent County, Delaware. Shore Bancshares, Inc. was founded in 1876 and is headquartered in Easton, Maryland.

292 Employees
Last Reported Date: 03/13/15
Founded in 1876

shore bancshares inc (SHBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $355.4K
Chief Financial Officer and Vice President
Total Annual Compensation: $250.0K
Chief Executive Officer of Talbot Bank and Pr...
Total Annual Compensation: $255.0K
Chief Executive Officer of CNB and President ...
Total Annual Compensation: $205.0K
Chief Executive Officer of Avon Dixon and Pre...
Total Annual Compensation: $185.0K
Compensation as of Fiscal Year 2014.

shore bancshares inc (SHBI) Key Developments

Shore Bancshares, Inc. Reports Consolidated Financial Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015

Shore Bancshares, Inc. reported consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $1,409,000 or $0.11 per basic and diluted common share for the first quarter of 2015, compared to net income of $1,226,000 or $0.10 per basic and diluted common share for the fourth quarter of 2014, and net income of $1,258,000 or $0.15 per basic and diluted common share for the first quarter of 2014. The primary reasons for the improved results were increases in net interest income of $216,000 and a decrease in provision for credit losses of $325,000. While noninterest income and noninterest expense decreased $703,000 and $411,000 during the first quarter of 2015 compared to the same period in 2014, the decreases were almost solely due to the sale of Tri-State General Insurance Agency, LTD (Tri-State) in the second quarter of 2014 and the corresponding lack of insurance commissions and commission expense related to Tri-State in the 2015 period. Net interest income was $8,539,000 compared to $8,323,000 for the first quarter of 2014. The lower yields were partially offset by an increase in volume on loans and investments and with lower volumes of and rates paid on time deposits. Income before income taxes was $2,270,000 compared to $2,021,000 for the first quarter of 2014. Return on average assets was 0.53% against 0.49% a year ago. Return on average equity was 4.03% against 4.88% a year ago. Return on average tangible equity was 4.50% against 5.97% a year ago. Book value per common share at March 31, 2015 was $11.31 against $12.35 a year ago. Tangible book value per common share at March 31, 2015 was $10.26 against $10.47 a year ago. Total interest income was $9,445,000 compared to $9,455,000 for the first quarter of 2014. Net income, excluding net amortization of intangible assets was $1,429,000 against $1,303,000 a year ago. For the first quarter ended March 31, 2015, the company reported net charge-offs of $547,000 against $1,631,000 a year ago.

Shore Bancshares, Inc., Annual General Meeting, Apr 29, 2015

Shore Bancshares, Inc., Annual General Meeting, Apr 29, 2015., at 11:00 Eastern Daylight. Location: The Tidewater Inn. Agenda: To elect one class II director to serve for a two-year term ending at the 2017 annual meeting of shareholders and three class III directors to serve for a three-year term ending at the 2018 annual meeting of shareholders; to ratify the appointment of Stegman & Company as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to adopt a non-binding advisory resolution approving the compensation of the company's named executive officers.

Shore Bancshares, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for the Fourth Quarter of 2014

Shore Bancshares, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $1.226 million or $0.10 per diluted common share compared to net income of $1.262 million or $0.10 per diluted common share for the third quarter of 2014, and net income of $1.175 million or $0.14 per diluted common share for the fourth quarter of 2013. Net interest income was $8.6 million.  Although net interest income remained flat between quarters, the average balance sheet reflects a decline in yields on loans, which was offset by higher volumes of and rates earned on investment securities and lower volumes of and rates paid on time deposits.  Net interest income increased $66,000 over the fourth quarter of 2013. Income before income taxes was $1.947 million against $1.843 million a year ago. Return on average assets was 0.44% against 0.44% a year ago. Return on average equity was 3.48% against 4.50% a year ago. Return on average tangible equity was 3.91% against 5.53% a year ago. Tangible book value per common share at December 31, 2014 was $10.08 against $10.31 a year ago. Book value per common share at period end was $11.13 compared to $13.48 a year ago. For the year, the company reported net income of $5.05 million or $0.46 per diluted common share compared to a net loss of $9.6 million or $1.14 per diluted common share for fiscal year 2013. Net interest income was $34 million, a decrease of $834,000, or 2.4%, when compared to 2013 due to a greater decline in interest income from loans than the increase in securities interest income and decrease in interest expense combined.  The decrease in interest income was primarily due to lower average balances of and yields earned on loans, partially offset by an increase in higher average balances and yields earned on investment securities and a decrease in interest expense due to lower balances of and rates paid on time deposits.  Income before income taxes was $8.112 million against loss before income $16.135 million a year ago. Return on average assets was 0.47% against negative return on average assets of 0.89% a year ago. Return on average equity was 4.04% against negative return on average equity of 8.64% a year ago. Return on average tangible equity was 4.68% against negative return on average tangible equity of 9.92% a year ago. Net charge-offs were $1.6 million for the fourth quarter of 2014, $1.2 million for the third quarter of 2014 and $1.1 million for the fourth quarter of 2013.

 

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Industry Analysis

SHBI

Industry Average

Valuation SHBI Industry Range
Price/Earnings 21.5x
Price/Sales 2.5x
Price/Book 0.8x
Price/Cash Flow 22.6x
TEV/Sales 0.8x
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