Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Q3 2026 Earnings Presentation
31 slides from Shore Bancshares's earnings presentation, Oct 23, 2026
Slide 1: Investor Presentation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 September 30, 2026 Investor Presentation
Slide 2: Forward-Looking Statements
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations o
Slide 3: About Our Company
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 About Our Company HEADQUARTERS: 3 Shore Bancshares, Inc. is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. It is the parent company of Shore United Bank, N.A. The Bank offers pe
Slide 4: Strong Eastern and Southern Maryland Franchise and Growing Presence in Virginia and Delaware
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Strong Eastern and Southern Maryland Franchise and Growing Presence in Virginia and Delaware 4
Slide 5: Investment Opportunity
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Opportunity Q3 2026 ▪ EPS and ROATCE (non-GAAP) of $0.50 per diluted share and 13.37%, respectively ▪ ROAA of 1.08% and adjusted ROAA (non-GAAP) 1.16% Q2 2026 ▪ EPS and ROATCE (non-GAAP) of $0.56 per diluted share and
Slide 6: 2026 Management Focus
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 2026 Management Focus 6 1 Ensuring strong capital position and risk management practices 2 Investing in the business and driving automation and AI initiatives 3 Driving core deposit growth and ensuring ample liquidity 4 Rigorous
Slide 7: Third Quarter 2026 Results
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Third Quarter 2026 Results (1) All figures shown on an end of period basis with comparisons to the second quarter of 2026 unless otherwise noted. 7 Q3 2026 net income of $16.8 million, or $0.50 per diluted share Q3 2026 Highligh
Slide 8: Profitability Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Profitability Trends (1) Adjusted net income per share, adjusted return on average assets and return on average tangible common equity are non-GAAP financial measures – see Non-GAAP reconciliations in Appendix. 1.05% 1.11% 1.22%
Slide 9: Quarterly Loan Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial real estate 52.6% Residential real estate 30.6% Construction 7.2% Commercial 4.8% Consumer (incl. credit cards) 4.8% Quarterly Loan Trends $4.90B Concentrations as a percentage of total capital as of September 30, 202
Slide 10: Fixed-Rate Loan Maturities
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 ▪ Fixed-rate loans scheduled to mature after Q3 2028 are $1.55 billion, or 31.6% of total loans ▪ The weighted-average interest rate for loans scheduled to mature after Q3 2028 was 5.58%. Fixed-Rate Loans by Maturity as of Septe
Slide 11: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details as of September 30, 2026 Total CRE Portfolio $2.58 billion Total average CRE loan size(1) $1.07 million % with guaranty (by $ / by #) 84% / 91% Past due 30-89 days $109 thousand / 0.00% o
Slide 12: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details as of September 30, 2026 Multifamily 10.6% Industrial 11.6% Office 17.3% Retail 20.6% Other 31.7% Hotel/ Motel 8.2% MD 51.1% VA 20.9% DE 8.7% Other 19.3% CRE Portfolio Composition(1) Amou
Slide 13: Quarterly Deposit Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Deposit Trends 13 $5,528 $5,534 $5,462 $5,400 $5,696 $1,594 $1,588 $1,567 $1,607 $1,617 $852 $853 $813 $834 $1,069 $1,790 $1,815 $1,796 $1,711 $1,758 $1,292 $1,278 $1,286 $1,249 $1,252 Noninterest-bearing deposits Inte
Slide 14: Investment Portfolio
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Portfolio 14 ▪ Allocation: AFS 51%, HTM 48% and equity securities 1% ▪ Effective duration of 4.00 years ▪ Reinvesting 2026 maturing cash flows in stable average life MBS, corporate and floating rate bonds ▪ The portfo
Slide 15: Net Interest Income and Net Interest Margin
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 $48,418 $50,202 $52,555 $52,919 $55,127 3.41% 3.43% 3.64% 3.70% 3.78% 3.22% 3.24% 3.35% 3.45% 3.50% 3.63% 3.64% 3.65% 3.81% Net Interest Income NIM NIM Excluding Accretion Regional Peer NIM(2) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3
Slide 16: Loan Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Loan Portfolio Details Commercial real estate Residential real estate Construction Commercial Consumer Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 16 Selected Yields (%) 5.41% 5.45% 5.44% 5.
Slide 17: Noninterest Income
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Income 17 Noninterest Income Composition Quarterly Noninterest Income ▪ Well-diversified sources of fee income ▪ Lower other bank and loan-related fees Service charges on deposit accounts 22.6% Trust and investment f
Slide 18: Noninterest Expense
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Expense 18 Noninterest Expense Trends ($ in thousands) Quarterly Noninterest Expense Details Lower efficiency ratio driven by lower noninterest expenses ($ in thousands) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Salari
Slide 19: Credit Quality Statistics
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Credit Quality Statistics ($ in thousands) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Nonperforming Assets Nonaccrual loans $ 24,378 $ 39,960 $ 64,958 $ 64,818 $ 68,214 Loans 90 days or more past due and still accruing 153 255 — 20
Slide 20: Current Expected Credit Losses – Loans
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Current Expected Credit Losses – Loans 20 ACL / Total Loans ($ in thousands) ACL by Loan Type Provision for loan losses increased due to higher charge-offs and individual reserve ▪ ACL of $59.6 million or 1.21% of outstanding lo
Slide 21: Quarterly Capital Ratios - Common Equity Tier 1
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Capital Ratios - Common Equity Tier 1 10.21% 10.52% 10.97% 11.09% 11.43% 12.30% 13.01% 13.30% 12.82% SHBI Regional Peers Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 .00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 21 Hold
Slide 22: Quarterly Capital Ratios - Total Risk-Based Capital
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Capital Ratios - Total Risk-Based Capital 12.88% 13.61% 14.08% 14.17% 14.53%14.83% 14.76% 14.78% 14.92% SHBI Regional Peers Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 .00% 2.50% 5.00% 7.50% 10.00% 12.50% 15.00% 17.50% 22
Slide 23: 2026 Management Outlook
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 2026 Management Outlook 23 Key Economic and Operating Assumptions ▪ The Federal Reserve Bank raised fed funds to 3.75-4% and expect 2-3 more rate hikes between 2026-27 ▪ Loan pipeline $100-$150 million entering Q4 with modest lo
Slide 24: Appendix
Appendix Shore Baneshares|)
Slide 25: Financial Highlights
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Financial Highlights ($ in thousands, except per share data) For the Quarter Ended Balance Sheet September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Total Assets $ 6,454,360 $ 6,151,431 $ 6,206,0
Slide 26: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ‘‘Tangible book value per share’’ is defined as tangible stockholders’ equity less preferred equity and intangible assets divided by total common shares outstanding. We believe that this measure is import
Slide 27: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ‘‘Efficiency ratio” is defined as recurring noninterest expense less foreclosed real estate ("OREO") expenses and valuation allowances, less merger and acquisition costs, less amortization of intangible a
Slide 28: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation We believe net interest margin excluding accretion, which reflects our net interest margin excluding accretion interest on acquired loans and prepayment penalties of long-term debt, allows investors to be
Slide 29: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ($ in thousands) For the Quarter Ended September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 Net Income $ 16,771 $ 18,865 $ 17,088 $ 15,887 $ 14,348 Add: Amortization of Int
Slide 30: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation “Tangible common equity” (or “TCE”) is defined as stockholders’ equity less preferred equity and intangible assets. “Tangible assets” (or “TA”) are defined as total assets less intangible assets. We belie
Slide 31: #593160
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 NASDAQ: SHBI © 2026 Shore Bancshares, Inc.