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EASTON, Md. (AP) _ Shore Bancshares Inc. (SHBI) on Thursday reported first-quarter earnings of $3.1 million.
The bank, based in Easton, Maryland, said it had earnings of 25 cents per share.
The bank holding company posted revenue of $17 million in the period. Its revenue net of interest expense was $14.9 million, which did not meet Street forecasts.
Shore Bancshares shares have decreased 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.10, a drop of 31% in the last 12 months.
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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
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