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Dec 31, 2021
Shore Bancshares Q4 2021 Earnings Report
Shore Bancshares reported fourth quarter earnings and declared a quarterly dividend.
Key Takeaways
Shore Bancshares reported net income of $2.723 million, or $0.16 per diluted common share, for the fourth quarter of 2021. Excluding merger related expenses, net income was $7.914 million, or $0.46 per diluted common share. The company's acquisition of Severn Bank continued to be a high priority.
Net income for the fourth quarter of 2021 was $2.723 million, or $0.16 per diluted common share.
Excluding merger related expenses, net income for the fourth quarter of 2021 was $7.914 million, or $0.46 per diluted common share.
Total assets were $3.460 billion at December 31, 2021, a $1.5 billion, or 79.0%, increase when compared to the end of 2020.
Net interest income was $20.6 million for the fourth quarter of 2021, compared to $13.8 million for the fourth quarter of 2020.
Forward Guidance
Excess liquidity continues to put pressure on our margin, but that liquidity is well positioned to profit from the expected interest rate hikes in 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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