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Shore Bancshares Reports Second Quarter and First-Half Results

SHORE BANCSHARES (SHBI)  More Company Research Source: PR Newswire
US:NASDAQ Investor Relations: shoreunitedbank.com/shore-bancshares--inc-
PDF EASTON, Md., July 26, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) (the "Company") reported net income of $4.391 million or $0.34 per diluted common share for the second quarter of 2018, compared to net income of $4.058 million or $0.32 per diluted common share for the first quarter of 2018, and net income of $2.352 million or $0.19 per diluted common share for the second quarter of 2017.  The Company reported net income of $8.449 million or $0.66 per diluted common share for the first half of 2018, compared to net income of $5.151 million or $0.41 per diluted common share for the first half of 2017.  When comparing the second quarter of 2018 to the first quarter of 2018, the main reason for the improved results were increases in interest and fees on loans of $587 thousand, a reduction in noninterest expense of $635 thousand, partially offset by an increase in interest expense on short-term borrowings and the reduction of insurance agency conting [Read more]

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