Shore Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 04:16 pm
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Shore Bancshares, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 13.765 million compared to USD 12.764 million a year ago. Net income was USD 3.886 million compared to USD 4.014 million a year ago. Basic earnings per share was USD 0.32 compared to USD 0.32 a year ago. For the full year, net interest income was USD 52.597 million compared to USD 50.131 million a year ago. Net income was USD 15.730 million compared to USD 16.198 million a year ago. Basic earnings per share was USD 1.27 compared to USD 1.27 a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 1.28 a year ago.
Shore Bancshares, Inc. is a financial holding company. The Company conducts business primarily through two wholly owned subsidiaries, Shore United Bank, N.A. (the Bank) and Mid-Maryland Title Company, Inc. (the Title Company). The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Bank is a national banking association chartered, which operates 42 full-service branches, 42 automatic teller machines (ATM), three interactive teller machines, five loan production offices. The Bank provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Baltimore County, Howard County, Kent County, Queen Annes County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, Charles County, St Marys County and others. The Title Company engages in title work related to real estate transactions.
SHORE BANCSHARES, INC. 
