EASTON, Md. (AP) _ Shore Bancshares Inc. (SHBI) on Thursday reported second-quarter profit of $5.3 million.
The bank, based in Easton, Maryland, said it had earnings of 43 cents per share.
The bank holding company posted revenue of $17.4 million in the period. Its revenue net of interest expense was $15.8 million, topping Street forecasts.
Shore Bancshares shares have dropped 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.31, a decline of 42% in the last 12 months.