While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 0-22345 SHORE BANCSHARES, INC. (Exact name ...

For the quarter ended March 2025, Shore Bancshares (SHBI) reported revenue of $53.03 million, up 11% over the same period last year. EPS came in at $0.45, compared to $0.41 in the year-ago quarter.The reported revenue represents a surprise of +4.74% over the Zacks Consensus Estimate of $50.63 million. With the consensus EPS estimate being $0.35, the EPS surprise was +28.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Shore Bancshares (SHBI) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this bank holding company would post earnings of $0.34 per share when it actually produced earnings of $0.44, delivering a surprise of 29.41%.Over the last four quarters ...

18 E. Dover Street Easton, Maryland 21601 Phone (410) 763-7800 PRESS RELEASE Shore Bancshares, Inc. Reports 2025 First Quarter Results Easton, Maryland (April 29, 2025) – Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the first quarter of 2025 of $13.8 million, or $0.41 per diluted common share, compared to net income of $13.3 million, or $0.40 per diluted common share, for the fourth quarter ...

EASTON, Md., April 29, 2025 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company" or "Shore Bancshares"), the holding company for Shore United Bank, N.A. (the "Bank") reported net income for the first quarter of 2025 of $13.8 million, or $0.41 per diluted common share, compared to net income of $13.3 million, or $0.40 per diluted common share, for the fourth quarter of 2024, and net income of $8.2 million, or $0.25 per diluted common share, for the first quarter of 2024. First Quarter 2025 H ...

Core Viewpoint - Shore Bancshares, Inc. has appointed Charles Cullum as the new Executive Vice President and Chief Financial Officer, effective April 21, 2025, succeeding Todd L. Capitani, who will assist during the transition until August 15, 2025 [1][3]. Group 1: Leadership Transition - Charles Cullum has over 20 years of financial experience, most recently serving as CFO at Sandy Spring Bancorp since May 2024 [2]. - Todd L. Capitani has announced his retirement after serving as CFO since July 2023 and previously as CFO of Community Financial since 2009, expressing gratitude for his tenure [3]. Group 2: Company Overview - Shore Bancshares is a financial holding company based in Easton, Maryland, and is the parent company of Shore United Bank, N.A., which also provides trust and wealth management services through Wye Financial Partners [4].

Financial Performance - The Company recorded net income of $43.9 million for the year ended December 31, 2024, compared to $11.2 million for 2023, representing a 290.89% increase[242]. - Net income for the year ended December 31, 2024, was reported at $43.89 million, significantly up from $11.23 million in 2023, representing an increase of approximately 290%[363]. - Basic and diluted net income per common share for 2024 was $1.32, compared to $0.42 in 2023, representing a growth of 214%[411]. - The return on average assets improved to 0.74% in 2024 from 0.24% in 2023, while return on average common equity increased to 8.35% from 2.54%[248]. - Return on average common equity improved to 8.35% in 2024 from 2.54% in 2023, indicating enhanced profitability relative to equity[363]. - The company reported a return on average tangible common equity of 12.21% for 2024, compared to 7.74% in 2023, indicating improved operational efficiency[365]. Asset and Liability Management - Total assets increased by $219.8 million, or 3.7%, to $6.23 billion at December 31, 2024, primarily due to a $131.0 million increase in loans held for investment[243]. - Total liabilities rose by $189.9 million, or 3.45%, to $5.69 billion at December 31, 2024, mainly due to an increase in deposits and borrowings[244]. - Total stockholder's equity grew by $29.9 million, or 5.9%, to $541.1 million at December 31, 2024, supported by net income of $43.9 million[246]. - Cash and cash equivalents totaled $459.9 million at December 31, 2024, compared to $372.4 million at December 31, 2023, reflecting a 23.5% increase[263]. - Total deposits increased to $5,528,336 thousand as of December 31, 2024, up from $5,386,120 thousand in 2023, reflecting a growth of approximately 2.64%[409]. Income and Expense Analysis - Interest and dividend income increased by $81.3 million, or 37.96%, to $295.3 million for the year ended December 31, 2024[248]. - Net interest income rose by $35.3 million, or 26.05%, to $170.9 million for 2024, primarily due to an increase in interest and fees on loans[249]. - Total noninterest income for 2024 was $31.1 million, a decrease of $2.0 million or 6.1% from $33.2 million in 2023[256]. - Total noninterest expense increased to $138.3 million in 2024, up $14.9 million or 12.1% compared to $123.3 million in 2023[257]. - The effective tax rate increased to 25.2% in 2024 from 20.8% in 2023, driven by bargain purchase gains and nondeductible merger-related costs[260]. Credit Quality and Risk Management - The provision for credit losses decreased significantly by $26.2 million, or 84.69%, to $4.7 million in 2024[248]. - The allowance for credit losses on loans was $57.91 million, slightly increasing from $57.35 million in 2023[277]. - Total past due loans decreased to $9.1 million at December 31, 2024, compared to $11.6 million at December 31, 2023, with nonaccrual loans increasing to $21.0 million[291]. - Nonperforming assets rose to $24.8 million, an increase of $11.1 million or 80.98% from $13.7 million in 2023, with the ratio of nonperforming assets to total assets increasing to 0.40% from 0.23%[305]. - The company continues to prioritize the resolution of nonperforming and problem loans through various strategies, including loan charge-offs and marketing of repossessed assets[306]. Capital and Regulatory Compliance - The Bank was classified as "well-capitalized" under applicable regulatory capital requirements as of December 31, 2024[348]. - The Company maintained a Common Equity Tier 1 ratio of 8.02% and a Total Risk-Based Capital ratio of 12.18% as of December 31, 2024[349]. - The company has no speculative grade HTM securities, maintaining a focus on investment-grade securities rated BBB- or higher[271]. Investment Portfolio - The investment portfolio included 23.7% classified as available-for-sale (AFS) and 76.3% as held-to-maturity (HTM) at December 31, 2024[264]. - As of December 31, 2024, investment securities totaled $656.4 million, reflecting a $9.0 million increase or 1.4% from $647.3 million in 2023[266]. - Available-for-sale (AFS) securities at fair value amounted to $149.2 million, up from $110.5 million in 2023, with a composition of 82.0% mortgage-backed, 13.5% U.S. government agency securities, and 4.4% corporate bonds[266]. - Held-to-maturity (HTM) securities at amortized cost decreased to $481.1 million from $513.2 million in 2023, with 70.0% in mortgage-backed securities and 27.6% in U.S. government agency securities[267]. Operational Efficiency - The company maintained effective internal control over financial reporting as of December 31, 2024, as confirmed by the independent auditor's report[389]. - The independent auditor Crowe LLP provided an unqualified opinion on the financial statements, affirming their conformity with generally accepted accounting principles[389].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Shore Bancshares (SHBI) - Shore Bancshares currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Performance Metrics - SHBI shares have increased by 0.86% over the past week, while the Zacks Banks - Northeast industry has risen by 1.03% [5] - Over the past month, SHBI's price change is 7.35%, significantly outperforming the industry's 1.9% [5] - In the last quarter, SHBI shares rose by 3.12%, and over the past year, they gained 46.89%, compared to the S&P 500's increases of 1.43% and 21.95%, respectively [6] Trading Volume - The average 20-day trading volume for SHBI is 164,042 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for SHBI has increased, while none have decreased, raising the consensus estimate from $1.46 to $1.59 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Considering the strong performance metrics and positive earnings outlook, SHBI is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]

Core Insights - Shore Bancshares (SHBI) reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, and showing an increase from $0.39 per share a year ago, resulting in an earnings surprise of 29.41% [1] - The company achieved revenues of $52.95 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.84% and increasing from $49.15 million year-over-year [2] - The stock has underperformed the market, losing about 0.8% since the beginning of the year compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $50.1 million, and for the current fiscal year, it is $1.46 on revenues of $210.4 million [7] - The estimate revisions trend for Shore Bancshares is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 6% of over 250 Zacks industries, suggesting that the industry outlook is positive and can significantly impact stock performance [8]