Shore Bancshares Q3 net income falls to $16.8 million on higher credit provision
Shore Bancshares reported third quarter 2026 net income of $16.8 million, or $0.50 per diluted share, down from $18.9 million, or $0.56, in the second quarter but up from $14.3 million, or $0.43, a year earlier. The decline reflects a $5.3 million provision for credit losses, driven by a partial charge-off on a multifamily loan, while net interest income rose to $55.1 million and the net interest margin widened to 3.78%.
Key points
- Net income was $16.8 million, or $0.50 per diluted share, versus $18.9 million, or $0.56, in Q2 2026 and $14.3 million, or $0.43, in Q3 2025.
- Provision for credit losses rose to $5.3 million from $896 thousand in Q2 2026, mainly from a partial multifamily loan write-off.
- Nonperforming assets were $81.8 million, or 1.27% of total assets, up from 1.09% at June 30, 2026.
- Net interest margin increased to 3.78% from 3.70% in Q2 2026; book value per share rose to $18.59.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.