Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Shareholder Meeting (April 2017)
19 slides from Shore Bancshares's shareholder meeting presentation, Apr 26, 2017
Slide 1: Shore Bancshares - Community of Companies
Shore Bancshares COMMUNITY of COMPANIES,
Slide 2: Welcome & Introductions
Welcome & Introductions Christopher F. Spurry Chairman of the Board
Slide 3: Directors
Directors Shore Bancshares, Inc. • Blenda W. Armistead • David J. Bates • Lloyd L. “Scott” Beatty, Jr. • R. Michael Clemmer , Jr. • David A. Fike • James A. Judge • Clyde V. Kelly, III • Frank E. Mason, III • David W. Moore • Christopher F. Spurry • Jeffrey E. Thompson • W. Moorhead Vermilye • John
Slide 4: Chairman's Remarks & Procedural Matters
Chairman’s Remarks & Procedural Matters Christopher F. Spurry Camille A. Pecorak
Slide 5: Nominees
Nominees • Blenda W. Armistead Class II (term expires 2020) • Clyde V. Kelly, III Class II (term expires 2020) • David A. Fike Class II (term expires 2020) • David W. Moore Class II (term expires 2020) 5
Slide 6: President & CEO Remarks
President & CEO Remarks Lloyd L. “Scott” Beatty, Jr.
Slide 7: Forward-Looking Statement
Forward - Looking Statement This presentation includes forward - looking statements, including statements about future results. These statements are subject to uncertainties and risks, including but not limited to our ability to integrate acquisitions; the strength of the U.S. economy and the local
Slide 8: A Great Year!
A Great Year! • Improved earnings to $0.76 per share up 36% over 2015 • Increased our Dividend in 2016 – We paid $0.14 per share in 2016 • Total shareholder return for 2016 was 41% • 50 day average daily trading volume is 40,000 shares • July 1 st we finally consolidated our two bank charters – Flaw
Slide 9: A Great Year! Expanding our footprint
A Great Year! • Expanding our footprint – On January 10 th we announced our purchase of three branches on the Western Shore with about $215 million of assets: Arbutus, Elkridge, and Owings Mills – All approvals have been received and closing is set for May 19 th – New Loan Production Office in West
Slide 10: Looking Toward the Future
Looking Toward the Future • Continue to look for opportunities to expand our footprint • Continue to diversify our Loan Portfolio both geographically and by loan type • Continue focus on the development of our employees – Currently three full time trainers 10
Slide 11: Looking Toward the Future
Looking Toward the Future • Attract and develop new talent – Recruiting on college campuses – Through increased awareness of our brand and opportunities • As always remain involved with our communities both financially and through volunteerism in 2016 – Employees donated over 17,000 hours of communi
Slide 12: Year End Highlights - Chief Financial Officer
Shore Bancshares, Inc. Year End Highlights Edward C. Allen Chief Financial Officer
Slide 13: Annual Results – Strong Earnings Improvement
Annual Results – Strong Earnings Improvement RESULTS OF OPERATION: Years Ended December 31, $(000) 2016 2015 Net interest income $ 38,249 $ 35,525 Provision for credit losses 1,848 2,075 Noninterest income 16,645 15,416 Noninterest expense 37,147 37,350 Net income before tax 15,899 11,516 Income t a
Slide 14: Quarterly Results – A 14% Increase Over Last Year
Quarterly Results – A 14% Increase Over last Year RESULTS OF OPERATION: $(000) 1Q17 4Q16 1Q16 Net interest income $ 9,933 $ 9,965 $ 9,243 Provision for credit losses 427 418 450 Noninterest income 4,809 4,056 4,541 Noninterest expense 9,653 9,226 9,339 Net Income before tax 4,662 4,377 3,995 Income
Slide 15: SHBI Stock Price
SHBI Stock Price Closing Prices as of: $/share Public Offering June 2014 $8.25 December 31, 2014 $9.34 December 31, 2015 $10.88 December 31, 2016 $15.25 April 25, 2017 $16.84
Slide 16: Questions and Answers
Questions and Answers 16
Slide 17: Report on Voting
Report on Voting 17
Slide 18: Tribute to W. Moorhead Vermilye
Tribute to W. Moorhead Vermilye
Slide 19: Adjournment
Adjournment Shore Bancshare