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Stock impact report

Shore Bancshares Reports First Quarter 2019 Financial Results

Shore Bancshares, Inc. (SHBI) 
Last shore bancshares, inc. earnings: 4/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: shoreunitedbank.com/shore-bancshares--inc-
Company Research Source: PR Newswire
EASTON, Md., April 25, 2019 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) reported net income of $3.754 million or $0.29 per diluted common share for the first quarter of 2019, compared to net income of $12.094 million or $0.95 per diluted common share for the fourth quarter of 2018, and net income of $4.058 million or $0.32 per diluted common share for the first quarter of 2018.  Net income from continuing operations for the first quarter of 2019 was $3.828 million or $0.30 per diluted common share, compared to net income from continuing operations of $3.853 million or $0.30 per diluted common share for the fourth quarter of 2018, and net income from continuing operations of $3.462 million or $0.27 per diluted common share for the first quarter of 2018.  When comparing the first quarter of 2019 to the fourth quarter of 2018, absent the sale and activity of Avon-Dixon, the Company's retail insurance entity sold on December 31, 2018, net income decreased $25 thousand or 0.6% p Show less Read more
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