Shore Bancshares Inc 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549______________________________________________________ FORM 10-Q For the Quarterly Period Ended June30, 2026 OR Commission File Number: 000-22345 SHORE BANCSHARES, INC. (Exact name of registrant as specified in its charter) 52-1974638 Maryland (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 21601 18 E. Dover Street, Easton, Maryland (Address of Principal Executive Offices) (Zip Code) (410) 763-7800 Registrant’s Telephone Number, Including Area Code Not applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange on Which Registered SHBI The NASDAQ Global Select Market Common stock, $0.01 par value per share Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. Yes☑No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☑No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesNo☑ The number of shares outstanding of the registrant’s common stock as of July30, 2026 was 33,372,276. TABLE OF CONTENTS PART I–FINANCIAL INFORMATION SHORE BANCSHARES, INC.CONSOLIDATED STATEMENTS OF INCOME (Unaudited) SHORE BANCSHARES, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) SHORE BANCSHARES, INC.CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Unaudited) SHORE BANCSHARES, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) SHORE BANCSHARES, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)–Continued Shore Bancshares, Inc.Notes to Consolidated Financial Statements(Unaudited) Note 1 – Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The accompanying unaudited interim consolidated financial statements include the accounts of Shore Bancshares, Inc. and itssubsidiaries (collectively referred to in these Notes as the “Company”), with all significant intercompany transactions eliminated. Theaccounting and reporting policies of the Company conform with generally accepted accounting principles in the United States ofAmerica (“GAAP”). For purposes of comparability, certain reclassifications have been made to amounts previously reported toconform with the current period presentation. Reclassifications had no effect on prior year net income or stockholders’ equity. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financialstatements, and related notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December31, 2025(the “2025 Annual Report”). Nature of Operations The Company engages in the banking business through Shore United Bank, N.A. (the “Bank”), a national banking association withlocations in Maryland, Delaware and Virginia. The Company’s primary source of revenue is derived from interest earned oncommercial, residential mortgage and other loans, and fees charged in connection with lending and other banking services. TheCompany engages in financial service offerings through Wye Financial Partners, a division of the Bank, and offers corporate trusteeservices through Wye Trust, a division of the Bank. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates andassumptions that affect the amounts reported in the consolidated financial statements and in the related disclosures. These estimates arebased on information available as of the date of the consolidated financial statements. While management makes its best judgments,actual amounts or results could differ from these estimates. Recent Accounting Pronouncements In January 2026, the Company adopted A