Shore Bancshares Q4 net income rises to $15.9 mln

Shore Bancshares

28/01/2026 21:08

Overview

U.S. financial holding company's Q4 net income rose to $15.9 mln, driven by higher net interest income

Net interest income for Q4 increased to $50.4 mln, supporting net income growth

Company's asset quality remains solid despite increase in nonperforming assets

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

NET INTEREST INCOME - Increased by $1.8 mln due to modest loan growth and higher yields on investments, coupled with a lower cost of deposits

NONINTEREST INCOME - Increased by $966 thousand due to one-time insurance proceeds

NONINTEREST EXPENSE - Increased by $1.1 mln due to higher professional service fees and asset writedowns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.48
Q4 Net Income
$15.89 mln
Q4 Net Interest Income
$50.53 mln
Q4 Credit Loss Provision
$2.83 mln
Q4 Pretax Profit
$20.78 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Shore Bancshares Inc is $18.50, about 0.2% below its January 27 closing price of $18.54

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn9jSK0la

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)