Shore Bancshares FY26 Q2 net income rises 10.53% to $18.87 million; net interest margin widens 6 bps to 3.7% - SHBI News | RalliesShore Bancshares FY26 Q2 net income rises 10.53% to $18.87 million; net interest margin widens 6 bps to 3.7%
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SHBI• Quarterly results and profitability
- Shore Bancshares posted Q2 net income of $18.9 million, up 21.7% from $15.5 million a year earlier.
- Diluted EPS rose to $0.56 from $0.46; ROAA improved to 1.24% from 1.03%.
- Net interest income climbed 12.2% to $52.92 million; net interest margin widened 36 basis points to 3.70%.
Income, expenses, and capital actions
- Noninterest income slipped 6.1% to $8.83 million; noninterest expense increased 3.7% to $35.67 million.
- Book value per share increased to $18.44.
- A $30 million share repurchase program began with $891,000 of buybacks, and the dividend was raised to $0.14.
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