Shore Bancshares: 2Q Earnings Snapshot
EASTON, Md. (AP) _ Shore Bancshares Inc. (SHBI) on Thursday reported second-quarter net income of $4.2 million.
The Easton, Maryland-based bank said it had earnings of 33 cents per share.
The bank holding company posted revenue of $17.4 million in the period. Its revenue net of interest expense was $14.9 million, which beat Street forecasts.
Shore Bancshares shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.38, a drop of 14% in the last 12 months.