Shore Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 30, 2020 at 09:22 pm
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Shore Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 12.764 million compared to USD 12.726 million a year ago. Net income was USD 4.014 million compared to USD 12.094 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.3 a year ago. Basic earnings per share was USD 0.32 compared to USD 0.95 a year ago. For the full year, net interest income was USD 50.131 million compared to USD 50.635 million a year ago. Net income was USD 16.198 million compared to USD 24.997 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.24 a year ago. Basic earnings per share was USD 1.27 compared to USD 1.96 a year ago.
Shore Bancshares, Inc. is a financial holding company. The Company conducts business primarily through two wholly owned subsidiaries, Shore United Bank, N.A. (the Bank) and Mid-Maryland Title Company, Inc. (the Title Company). The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Bank is a national banking association chartered, which operates 42 full-service branches, 42 automatic teller machines (ATM), three interactive teller machines, five loan production offices. The Bank provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Baltimore County, Howard County, Kent County, Queen Annes County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, Charles County, St Marys County and others. The Title Company engages in title work related to real estate transactions.
SHORE BANCSHARES, INC. 
