NASDAQ$SHBI
Shore Bancshares Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Shore Bancshares reported its Q4 2020 results, with income from continuing operations decreasing slightly compared to the previous year but increasing compared to the previous quarter. The company supported customers and communities while producing a respectable outcome amid challenging conditions.
Shore Bancshares reported income from continuing operations of $3.886 million, or $0.32 per diluted common share, for Q4 2020. This compares to $4.014 million, or $0.32 per diluted common share, for Q4 2019. The company completed the repurchase of approximately 717,000 shares of common stock and remains cautiously optimistic for 2021.
- Income from continuing operations was $3.886 million, or $0.32 per diluted common share, for the fourth quarter of 2020.
- Total assets increased to $1.933 billion at December 31, 2020, a 24.0% increase compared to the end of 2019.
- Net interest income was $13.8 million for the fourth quarter of 2020, compared to $12.8 million for the fourth quarter of 2019.
- The company repurchased 183,471 shares under the old repurchase plan and 253,900 shares under the new repurchase plan during Q4 2020.
Headline financials
Revenue & EPS history
Shore Bancshares · Revenue · Quarterly
$13.8M
Forward guidance
Shore Bancshares remains cautiously optimistic for 2021, focusing on strategic growth opportunities, superior customer service, and maximizing long-term shareholder value despite the complexities caused by the pandemic.
Tailwinds
- Focus on finding strategic growth opportunities.
- Providing superior customer service.
- Maximizing long-term shareholder value.
- Strong capital position to maintain quarterly cash dividends.
- Intention to participate in the second draw for PPP loans to help customers.
Headwinds
- Potential decline in demand for products and services.
- Possible increase in loan delinquencies, problem assets, and foreclosures if the economy does not substantially reopen.
- Risk of collateral value decline, especially in real estate.
- Potential increase in the allowance for loan losses if borrowers experience financial difficulties.
- Increased cybersecurity risks due to more employees working remotely.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
-0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.6%
Avg return
30 days after
52%
34 / 66 earnings
Positive
+6.6%
Q3 2016
Best reaction
-13.1%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.9% | +2.0% | +5.4% | |
| Q4 2025 | +0.4% | +7.5% | +1.1% | |
| Q3 2025 | -0.3% | -1.1% | +5.1% | |
| Q2 2025 | -2.1% | -0.9% | +6.0% | |
| Q1 2025 | +2.8% | +3.5% | +1.8% | |
| Q4 2024 | +3.5% | +3.0% | -4.1% | |
| Q3 2024 | -0.7% | +1.2% | +14.6% | |
| Q2 2024 | +6.3% | +6.2% | +2.5% | |
| Q1 2024 | +6.3% | +5.2% | +7.2% | |
| Q4 2023 | -11.3% | -18.9% | -18.1% | |
| Q3 2023 | +5.8% | +12.0% | +23.1% | |
| Q2 2023 | -9.1% | -10.6% | -17.9% | |
| Q1 2023 | +2.2% | -10.0% | -13.9% | |
| Q4 2022 | -2.0% | +0.6% | -1.9% | |
| Q3 2022 | +6.6% | +7.7% | +7.4% | |
| Q2 2022 | +0.8% | -0.4% | +0.5% | |
| Q1 2022 | +0.2% | -0.9% | -0.8% | |
| Q4 2021 | +2.9% | +7.8% | +5.1% | |
| Q3 2021 | +3.2% | +6.0% | +10.6% | |
| Q2 2021 | +1.3% | +1.6% | +4.0% | |
| Q1 2021 | +1.0% | -0.1% | +3.1% | |
| Q4 2020 | -3.6% | -0.9% | +11.3% | |
| Q3 2020 | -1.5% | -7.6% | +13.3% | |
| Q2 2020 | +0.0% | +1.2% | +2.5% | |
| Q1 2020 | -13.1% | -20.7% | -14.2% | |
| Q4 2019 | +0.6% | +0.5% | -3.7% | |
| Q3 2019 | +1.6% | +0.9% | +4.2% | |
| Q2 2019 | +0.4% | +1.4% | -7.6% | |
| Q1 2019 | +5.2% | +4.8% | +5.4% | |
| Q4 2018 | +0.5% | -2.3% | +3.4% | |
| Q3 2018 | -5.2% | -7.1% | -7.9% | |
| Q2 2018 | -0.7% | +1.7% | -0.6% | |
| Q1 2018 | +0.4% | +1.1% | -1.2% | |
| Q4 2017 | -1.1% | +2.5% | -2.0% | |
| Q3 2017 | +2.1% | +0.5% | +1.2% | |
| Q2 2017 | -1.3% | +0.7% | -3.7% | |
| Q1 2017 | -1.9% | -0.8% | -8.4% | |
| Q4 2016 | +1.1% | +0.1% | +9.8% | |
| Q3 2016 | +6.6% | +8.9% | +17.7% | |
| Q2 2016 | +1.4% | +4.3% | +2.7% | |
| Q1 2016 | -2.8% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | +3.1% | — | — | |
| Q2 2015 | -0.6% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | +3.2% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | -2.7% | — | — | |
| Q1 2011 | +5.3% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q3 2011 | -3.8% | — | — | |
| Q3 2010 | -3.8% | — | — | |
| Q2 2010 | -12.0% | — | — | |
| Q2 2011 | -12.0% | — | — | |
| Q1 2010 | +3.0% | — | — |
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