Shore Bancshares INC 8-K filings

Shore Bancshares has announced a quarterly cash dividend of $0.12 per share, payable on August 30, 2024, to shareholders of record as of August 12, 2024.

Shore Bancshares, Inc. announced improved profitability and strong credit performance for the second quarter of 2024, with a focus on expense management and technology enhancements.

Shore Bancshares, Inc. announced a significant increase in net income for the second quarter of 2024, driven by improved net interest margin and operating efficiency.

Shore Bancshares, Inc. (SHBI) amended its bylaws to clarify the role of the Chairman and Lead Director on standing committees and held its annual meeting, electing four Class III directors and approving executive compensation.

Shore Bancshares, Inc. has replaced its independent auditor, appointing Crowe LLP and dismissing Yount, Hyde & Barbour, P.C., effective for the fiscal year ending December 31, 2024.

Shore Bancshares reported a decrease in net income for the first quarter of 2024, impacted by a significant credit card fraud event, despite stable net interest margins and active management of deposit costs.

Shore Bancshares subsidiary, Shore United Bank, experienced a $4.3 million fraud loss due to a credit card scheme involving stolen personal information.

Shore Bancshares, Inc. announced a quarterly cash dividend of $0.12 per share, payable on February 29, 2024, to shareholders of record as of February 12, 2024.

Shore Bancshares reported a net income of $10.5 million for the fourth quarter of 2023, a significant improvement from the previous quarter's loss, but a decrease compared to the same period in 2022.