Jul. 25 at 11:28 AM
$SHBI Shore Bancshares reports Q2 EPS 34c, consensus 33c
Reports Q2 tangible book value per share
$12.54. Reports Q2 net charge-offs .08%. Reports Q2 CET1 capital ratio 9.67%. "Throughout our first post-merger operating year, we have worked to strengthen our balance sheet and streamline our operations. Our second quarter financial results reflect our progress and momentum on both fronts." stated James ("Jimmy") M. Burke, President and Chief Executive Officer of Shore Bancshares, Inc.
"Stable deposit balances and increasing asset yields drove NIM expansion and improving financial results built capital and supported loan growth. We continue to closely manage expenses and make investments that will improve operating leverage over time. Credit remains broadly stable and economic activity in our markets remains strong. We appreciate the focus and commitment of all our associates who continue to deliver outstanding service to our clients and our communities."
