SHORE BANCSHARES INC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
SHBI$22.89+2.0%Stored close · as of Nov 9, 2026
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Consolidated Statements of Changes in Stockholders’ Equity
For the Years Ended December 31, 2023 and 2022
| (In thousands) | Common Stock | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (loss) | Total Stockholders’ Equity |
|---|---|---|---|---|---|
| Balances, December 31, 2021 | $198 | $200,473 | $149,966 | $56 | $350,693 |
| Net Income | — | — | 31,177 | — | 31,177 |
| Other comprehensive (loss) | — | — | — | (9,077) | (9,077) |
| Common shares issued for employee stock purchase plan | 1 | 385 | — | — | 386 |
| Stock-based compensation | — | 636 | — | — | 636 |
| Cash dividends at $0.48 per common share | — | — | (9,530) | — | (9,530) |
| Balances, December 31, 2022 | $199 | $201,494 | $171,613 | $(9,021) | $364,285 |
| Net Income | — | — | 11,228 | — | 11,228 |
| Cumulative effect adjustment due to the adoption of ASC 326, net of tax | — | — | (7,818) | — | (7,818) |
| Other comprehensive income | — | — | — | 1,527 | 1,527 |
| TCFC acquisition | 132 | 152,955 | — | — | 153,087 |
| Common shares issued for employee stock purchase plan | 1 | 384 | — | — | 385 |
| Stock-based compensation | — | 1,174 | — | — | 1,174 |
| Cash dividends at $0.48 per common share | — | — | (12,733) | — | (12,733) |
| Balances, December 31, 2023 | $332 | $356,007 | $162,290 | $(7,494) | $511,135 |
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