SHORE BANCSHARES INC
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
SHBI$22.89+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
| ($ in thousands) | Common Stock | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Stockholders’ Equity |
|---|---|---|---|---|---|
| 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 |
| Net income | — | — | 43,889 | — | 43,889 |
| Other comprehensive loss | — | — | — | (51) | (51) |
| Common shares issued for employee stock purchase plan | 1 | 375 | — | — | 376 |
| Stock-based compensation | — | 1,730 | — | — | 1,730 |
| Cash dividends at $0.48 per common share | — | — | (16,013) | — | (16,013) |
| Balances, December 31, 2024 | $333 | $358,112 | $190,166 | $(7,545) | $541,066 |
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