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Shore Bancshares: 2Q Earnings Snapshot

EASTON, Md. (AP) _ Shore Bancshares Inc. (SHBI) on Thursday reported second-quarter net income of $4.2 million.

The Easton, Maryland-based bank said it had earnings of 33 cents per share.

The bank holding company posted revenue of $17.4 million in the period. Its revenue net of interest expense was $14.9 million, which beat Street forecasts.

Shore Bancshares shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.38, a drop of 14% in the last 12 months.

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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