SHORE BANCSHARES INC
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
SHBI$22.85-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at (unaudited)
CONSOLIDATED BALANCE SHEETS
| ($ in thousands, except per share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Cash and due from banks | $58,235 | $50,164 |
| Interest-bearing deposits with other banks | 396,816 | 305,402 |
| Cash and cash equivalents | 455,051 | 355,566 |
| Investment securities: | ||
| Available for sale, at fair value (amortized cost of $396,098 and $226,677 at September 30, 2026 and December 31, 2025, respectively) | 380,838 | 220,358 |
| Held to maturity, net of allowance for credit losses of $128 and $99 (fair value of $308,836 and $378,116 at September 30, 2026 and December 31, 2025, respectively) | 356,183 | 414,827 |
| Equity securities, at fair value | 6,031 | 6,186 |
| Restricted securities, at cost | 18,003 | 17,989 |
| Loans held for sale, at fair value | 14,865 | 32,540 |
| Loans held for investment | 4,902,662 | 4,900,302 |
| Less: allowance for credit losses | (59,554) | (58,836) |
| Loans, net | 4,843,108 | 4,841,466 |
| Premises and equipment, net | 79,048 | 80,168 |
| Goodwill | 63,266 | 63,266 |
| Other intangible assets, net | 24,026 | 29,722 |
| Right-of-use assets | 9,322 | 10,523 |
| Cash surrender value on life insurance | 107,162 | 105,839 |
| Accrued interest receivable | 20,891 | 18,551 |
| Deferred income taxes | 32,587 | 29,825 |
| Other assets | 43,979 | 31,992 |
| TOTAL ASSETS | $6,454,360 | $6,258,818 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $1,617,258 | $1,587,953 |
| Interest-bearing checking | 1,069,480 | 852,585 |
| Money market and savings | 1,758,063 | 1,814,928 |
| Time deposits | 1,250,723 | 1,267,487 |
| Brokered deposits | 803 | 10,911 |
| Total deposits | 5,696,327 | 5,533,864 |
| Guaranteed preferred beneficial interest in junior subordinated debentures (“TRUPS”), net | 30,406 | 30,168 |
| Subordinated debt, net | 58,893 | 58,893 |
| Total borrowings | 89,299 | 89,061 |
| Lease liabilities | 9,829 | 11,027 |
| Other liabilities | 39,606 | 34,993 |
| TOTAL LIABILITIES | 5,835,061 | 5,668,945 |
| COMMITMENTS AND CONTINGENCIES (Note 13) | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.01 par value per share; shares authorized 50,000,000; shares issued and outstanding 33,305,321 and 33,413,503 at September 30, 2026 and December 31, 2025, respectively | 333 | 334 |
| Additional paid-in capital | 357,207 | 360,554 |
| Retained earnings | 272,851 | 233,578 |
| Accumulated other comprehensive loss | (11,092) | (4,593) |
| TOTAL STOCKHOLDERS’ EQUITY | 619,299 | 589,873 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $6,454,360 | $6,258,818 |
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