Detail akcie Shore Bancshares online

Business Summary: 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.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Shore Bancshares Inc interest income increased 88% to $214.1M. Net interest income after loan loss provision increased 5% to $104.4M. Net income decreased 64% to $11.2M. Net interest income after loan loss provision reflects Community bankiing segment increase from $0K to $104.4M. Net income was offset by Interest on deposits increase from $10M to $68.8M (expense).