EASTON, Md. (AP) — EASTON, Md. (AP) — Shore Bancshares Inc. (SHBI) on Thursday reported net income of $13.3 million in its fourth quarter.
The bank, based in Easton, Maryland, said it had earnings of 40 cents per share. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.
The bank holding company posted revenue of $85.3 million in the period. Its revenue net of interest expense was $52.9 million, surpassing Street forecasts.
For the year, the company reported profit of $43.9 million, or $1.32 per share. Revenue was reported as $202 million.
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