Shore Bancshares (SHBI) Investor presentation summary

Company overview and market position

• Headquartered in Easton, Maryland, with 40 full-service branches across Maryland, Virginia, and Delaware, and a 7.11% deposit market share in Maryland as of June 2025.

• Total assets of $6.2B, total loans of $4.8B, and total deposits of $5.5B as of Q1 2026.

• Offers a full suite of personal and business banking, as well as trust and wealth management services.

• Noninterest deposits comprised 28.70% of total deposits at Q1 2026.

Financial performance and profitability

• Q1 2026 net income reached a record $17.1M ($0.51 per diluted share), up 7.6% from Q4 2025.

• Net interest income was $52.6M, with a net interest margin of 3.64%, up 21 bps from Q4 2025.

• Adjusted efficiency ratio (non-GAAP) improved to 58.57%.

• Return on average tangible common equity (ROATCE) was 14.83% in Q1 2026.

• Core earnings per share and ROAA showed consistent growth over the past year.

Loan and deposit trends

• Total period-end loans were $4.85B, down 1.1% from Q4 2025; residential real estate loans made up 29.4% of the portfolio.

• Commercial real estate (CRE) loans comprised 53.6% of total loans, with a CRE concentration ratio of 332.94%.

• Total period-end deposits were $5.46B, down 1.3% from Q4 2025; noninterest-bearing deposits were 28.70% of total.

• Deposit runoff in Q1 2026 was attributed to seasonal municipal deposit outflows.