Shore Bancshares (SHBI) investor relations material

Opening remarks and agenda

• Meeting convened virtually with directors, officers, and independent auditors present.

• Principal business included electing five Class II directors, a non-binding vote on executive compensation, and ratifying the independent auditor.

• Notice of meeting and proxy materials were distributed to all eligible stockholders.

• Quorum established with 85% of shares represented.

Board and executive committee updates

• Introduction of all board members and executive management, including new appointments in key roles.

• Three new leaders joined: CFO, CIO, and Chief Legal Officer, enhancing the leadership team.

Financial performance review

• Core deposits grew by nearly 5% over the past year.

• Net interest margin improved and expenses were well controlled.

• Return on assets exceeded 1%, with continued capital momentum.