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Shore Bancshares: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

EASTON, Md. (AP) — EASTON, Md. (AP) — Shore Bancshares Inc. (SHBI) on Thursday reported net income of $11.2 million in its second quarter.

The Easton, Maryland-based bank said it had earnings of 34 cents per share. Earnings, adjusted for amortization costs, came to 40 cents per share.

The bank holding company posted revenue of $81.5 million in the period. Its revenue net of interest expense was $50.7 million, exceeding Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHBI at https://www.zacks.com/ap/SHBI