Shore Bancshares: 1Q Earnings Snapshot

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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