Shore Bancshares Q3 2026 net income falls 11.1% to $16.8 million on higher provision
Shore Bancshares furnished an investor presentation with third-quarter 2026 results showing net income of $16.8 million, or $0.50 per diluted share, down from $18.9 million, or $0.56 per share, in the second quarter. Net interest income rose 4.2% to $55.1 million and net interest margin widened to 3.78%, but a $5.3 million provision for credit losses, up from $0.9 million, and lower noninterest income reduced earnings.
Key points
- Net income $16.8 million, or $0.50 per diluted share, versus $18.9 million, or $0.56 per share, in Q2 2026.
- Net interest income $55.1 million, up 4.2%; net interest margin 3.78%, up from 3.70% in Q2 2026.
- Provision for credit losses $5.3 million, versus $0.9 million in Q2 2026; total nonperforming assets $81.8 million at September 30, 2026.
- Noninterest income $7.7 million, down from $8.8 million in Q2 2026.
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 23, 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.