Shore Bancshares reported income from continuing operations of $3.886 million, or $0.32 per diluted common share, for Q4 2020. This compares to $4.014 million, or $0.32 per diluted common share, for Q4 2019. The company completed the repurchase of approximately 717,000 shares of common stock and remains cautiously optimistic for 2021.
Income from continuing operations was $3.886 million, or $0.32 per diluted common share, for the fourth quarter of 2020.
Total assets increased to $1.933 billion at December 31, 2020, a 24.0% increase compared to the end of 2019.
Net interest income was $13.8 million for the fourth quarter of 2020, compared to $12.8 million for the fourth quarter of 2019.
The company repurchased 183,471 shares under the old repurchase plan and 253,900 shares under the new repurchase plan during Q4 2020.
Shore Bancshares remains cautiously optimistic for 2021, focusing on strategic growth opportunities, superior customer service, and maximizing long-term shareholder value despite the complexities caused by the pandemic.
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