SHORE BANCSHARES FILES 8-K ON FINANCIAL RESULTS
Ticker: SHBI · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1035092
| Field | Detail |
|---|---|
| Company | Shore Bancshares INC (SHBI) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: earnings, financial-condition, results-of-operations
TL;DR
**SHBI just dropped an 8-K with their latest financial results, time to check the numbers!**
AI Summary
Shore Bancshares, Inc. filed an 8-K on January 31, 2024, to report its results of operations and financial condition. This filing indicates the company is providing updated financial information, which is crucial for investors to assess its recent performance and financial health. For shareholders or potential buyers, this matters because it offers transparency into how the company is performing, directly impacting their investment's value and future prospects.
Why It Matters
This filing provides investors with the latest financial performance data, enabling them to make informed decisions about buying, holding, or selling SHBI stock.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently introduce new risks.
Analyst Insight
A smart investor would review the detailed financial statements and results of operations once they are publicly available to understand the company's performance trends and financial health before making any investment decisions.
Key Players & Entities
- SHORE BANCSHARES INC (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of earliest event reported and filing date
- 000-22345 (other) — Commission file number for SHORE BANCSHARES INC
- Maryland (other) — state of incorporation for SHORE BANCSHARES INC
- SHBI (other) — trading symbol for Shore Bancshares, Inc. common stock
- Nasdaq Global Select Market (other) — exchange where SHBI common stock is registered
FAQ
What is the primary purpose of this 8-K filing by Shore Bancshares, Inc.?
The primary purpose of this 8-K filing by Shore Bancshares, Inc. is to report on its "Results of Operations and Financial Condition" and to include "Financial Statements and Exhibits," as indicated by the ITEM INFORMATION sections.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 31, 2024, as stated under "Date of Report (Date of earliest event reported): January 31, 2024."
What is the trading symbol and the exchange where Shore Bancshares, Inc.'s common stock is registered?
Shore Bancshares, Inc.'s common stock has the trading symbol "SHBI" and is registered on the "Nasdaq Global Select Market," as listed under "Securities registered pursuant to Section 12(b) of the Act."
Is Shore Bancshares, Inc. considered an 'emerging growth company' according to this filing?
No, Shore Bancshares, Inc. is not considered an 'emerging growth company,' as indicated by the unchecked box next to "Emerging growth company o" in the filing.
What is the business address and phone number of Shore Bancshares, Inc. as listed in the filing?
The business address of Shore Bancshares, Inc. is 18 E. Dover St., Easton, Maryland 21601, and its telephone number is (410) 763-7800, according to the filing's cover page.
Filing Stats: 568 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-01-31 16:24:21
Filing Documents
- shbi-20240131.htm (8-K) — 27KB
- shbi-20231231xexx991.htm (EX-99.1) — 1461KB
- shore_bancsharesxlogoa.jpg (GRAPHIC) — 69KB
- 0001628280-24-002743.txt ( ) — 1779KB
- shbi-20240131.xsd (EX-101.SCH) — 2KB
- shbi-20240131_lab.xml (EX-101.LAB) — 24KB
- shbi-20240131_pre.xml (EX-101.PRE) — 12KB
- shbi-20240131_htm.xml (XML) — 3KB
02. Result of Operation and Financial Condition
Item 2.02. Result of Operation and Financial Condition. On January 31, 2024, Shore Bancshares, Inc. (the "Company") issued a press release announcing its results of operations and financial condition for the fourth quarter and year ended December 31, 2023. A copy of the Company's press release is attached hereto as Exhibit 99.1 and hereby incorporated by reference. The information furnished under Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including the exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits that are filed or furnished with this report are listed in the Exhibit Index that immediately follows the signatures hereto, which list is incorporated herein by reference. 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated January 31, 202 4 (filed herewith) 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SHORE BANCSHARES, INC. Dated: January 31, 2024 By: /s/ James M. Burke James M. Burke President and Chief Executive Officer 4