EASTON, Md. (AP) — Shore Bancshares Inc. (SHBI) on Thursday reported fourth-quarter earnings of $3.9 million.
The bank, based in Easton, Maryland, said it had earnings of 32 cents per share.
The bank holding company posted revenue of $18.5 million in the period. Its revenue net of interest expense was $16.8 million, which beat Street forecasts.
For the year, the company reported profit of $15.7 million, or $1.27 per share. Revenue was reported as $63.5 million.
Shore Bancshares shares have fallen slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $13.67, a fall of 16% in the last 12 months.
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