Shore Bancshares Q1 Net Interest Margin at 3.64%
Reports Q1 net interest margin 3.64% vs. 3.21% last year. Tangible book value per common share at period end was $15.30 from $14.87 last quarter and $13.58 a year ago. Tier 1 and Total Risk-Based Capital Ratios at March 31 were 11.60% and 14.08%, respectively. "Shore Bancshares delivered another strong quarter to begin 2026, with higher net income, expanding net interest margin and continued growth in book value per share," stated James Burke, CEO. "Lower funding costs, accelerated loan repricing and disciplined balance sheet management drove record net interest income and record profitability during the quarter. We also continued to make progress improving our core operating performance while maintaining prudent expense control. Although nonperforming and classified assets increased during the quarter, overall asset quality remains sound and is supported by strong collateral values, conservative underwriting and solid reserve levels. We remain focused on managing risk, strengthening operating leverage and building long-term value for our shareholders as we move through 2026."
