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Jun 30, 2022
Shore Bancshares Q2 2022 Earnings Report
Shore Bancshares' second quarter financial results were reported, showing increased net income compared to the previous quarter and the same quarter last year.
Key Takeaways
Shore Bancshares reported a strong second quarter with net income increasing to $7.499 million, or $0.38 per diluted common share. The company saw growth in net interest income and noninterest income, partially offset by an increase in noninterest expenses due to the acquisition of Severn Bank.
Net income for the second quarter of 2022 was $7.499 million, or $0.38 per diluted common share.
Net interest income increased to $24.6 million for the second quarter of 2022.
Total assets were $3.443 billion at June 30, 2022.
The net interest margin increased to 3.10% for the second quarter of 2022.
Forward Guidance
The company's outlook for the remainder of 2022 is positive, with a focus on core earnings and enhanced returns for shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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