Shore Bancshares, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, net interest income was $12,369,000 against $9,965,000 a year ago. Income before income taxes was $5,531,000 against $4,377,000 a year ago. Net income was $2,698,000 against $2,495,000 a year ago. Return on average assets was 0.78% against 0.86% a year ago. Return on average equity was 6.53% against 6.39% a year ago. Basic and diluted net income per common share was $0.21 against $0.20 a year ago. Total interest income was $12,968,000 against $10,505,000 a year ago.

For the year, net interest income was $45,528,000 against $38,249,000 a year ago. Income before income taxes was $19,785,000 against $15,899,000 a year ago. Net income was $11,262,000 against $9,638,000 a year ago. Return on average assets was 0.87% against 0.84% a year ago. Return on average equity was 7.05% against 6.32% a year ago. Basic and diluted net income per common share was $0.89 against $0.76 a year ago. Book value per common share as at December 31, 2017 was $12.91 against $12.18 a year ago. Total interest income was $47,801,000 against $40,652,000 a year ago.

For the quarter, the company reported net charge-offs of $59,000 against $306,000 a year ago.