Shore Bancshares: Q3 Earnings Snapshot
EASTON, Md. (AP) — EASTON, Md. (AP) — Shore Bancshares Inc. (SHBI) on Wednesday reported a loss of $6.4 million in its third quarter.
EASTON, Md. (AP) — EASTON, Md. (AP) — Shore Bancshares Inc. (SHBI) on Wednesday reported a loss of $6.4 million in its third quarter.
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The bank, based in Easton, Maryland, said it had a loss of 19 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 11 cents per share.
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The bank holding company posted revenue of $89.6 million in the period. Its revenue net of interest expense was $64 million, which beat Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHBI at https://www.zacks.com/ap/SHBI