Brief: Shore Bancshares Reports Q3 Results

Shore Bancshares

28/10/2021 21:23

Oct 28 (Reuters) - Shore Bancshares Inc  SHBI.O :
    * SHORE BANCSHARES REPORTS THIRD QUARTER AND NINE-MONTH
FINANCIAL
RESULTS
    * Q3 EARNINGS PER SHARE $0.39
    * AT PRESENT TIME, ALL SHARE REPURCHASES HAVE BEEN SUSPENDED
DUE
TO CURRENT STATUS OF OUR MERGER WITH SEVERN
    * SHORE BANCSHARES - ONCE MERGER IS CONSUMMATED, COMPANY
INTENDS
TO RESUME ITS CURRENT SHARE BUYBACK PROGRAM IN WHICH $546
THOUSAND REMAINS AVAILABLE
    * BOARD AND MANAGEMENT WILL RE-EVALUATE NEED FOR AN
ADDITIONAL
STOCK REPURCHASE PROGRAM ONCE CURRENT PLAN IS EXHAUSTED OR
EXPIRES
    * CURRENTLY EXPECT TO MAINTAIN OUR QUARTERLY CASH DIVIDENDS
BASED
ON OUR STRONG CAPITAL POSITION
    * NET INTEREST INCOME WAS $15.6 MILLION FOR Q3 OF 2021,
COMPARED
TO $14.1 MILLION FOR Q2 OF 2021

Source text for Eikon:  ID:nPnS0Gz0a 
Further company coverage:  SHBI.O 

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