Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Shareholder Meeting (April 2015)
18 slides from Shore Bancshares's shareholder meeting presentation, Apr 30, 2015
Slide 1: Shore Bancshares, Inc. Annual Meeting
GOOD THINGS HAPPEN WHEN YOU’RE IN IT TOGETHER. SHORE BANCSHARES, INC . ANNUAL MEETING April 30, 2014 1
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. • James A. Judge • Frank E. Mason, III • David W. Moore • Christopher F. Spurry • W. Moorhead Vermilye • John H. Wilson 3
Slide 4: Chairman's Remarks & Procedural Matters
Chairman’s Remarks & Procedural Matters Christopher F. Spurry Camille A. Pecorak
Slide 5: President & CEO Remarks
President & CEO Remarks Lloyd L. “Scott” Beatty, Jr.
Slide 6: 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 7: Live Our Company Values
Live Our Company Values 7 Our mission is your success. ● Our clients will not want for service. ● Our employees will not want for opportunities. ● Our communities will not want for our involvement. ● Our shareholders will not want for a return.
Slide 8: Bank Branch Competitors Report
Shore Bancshares, Inc. Bank Branch Competitors Report Within 1 Mile Within 5 Miles Company Name Competing Branches Deposits in Competing Branches Competing Branches Deposits in Competing Branches (Dollars in Thousands) Shore Bancshares, Inc . 18 $ 930,670 Money Centers/Regionals 26 1,357,633 41 $ 2,
Slide 9: Current Initiatives
Current Initiatives ● Focus on organic growth - Grow sales efforts across all business lines - Grow customer base by taking share from local/national competitors ($4.3 billion available) - Intensify focus on relationships to increase deposit penetration & multi - product usage ● Leverage infrastruct
Slide 10: What Makes SHBI Unique?
What Makes SHBI Unique? ● Diversity of Revenue Sources ● Strong Capital Position ● Stable Net Interest Margin ● Efficient Control of Operating Expenses ● Dominant Independent F inancial S ervices Company in all M arkets within Footprint 10
Slide 11: Year End Highlights
Shore Bancshares, Inc. Year End Highlights George S. Rapp Chief Financial Officer
Slide 12: Annual Results
Annual Results RESULTS OF OPERATION: Years Ended December 31, $(000) 2014 2013 Net interest income $ 34,042 $ 34,876 Provision for credit losses 3,350 27,784 Noninterest income 16,781 17,459 Noninterest expense 39,361 40,686 Net Income (loss) before tax 8,112 (16,135) Tax expense benefit 3,061 (6,50
Slide 13: Quarterly Results
Quarterly Results RESULTS OF OPERATION: $(000) 1Q15 4Q14 1Q14 Net interest income $ 8,539 $ 8,636 $ 8,323 Provision for credit losses 650 650 975 Noninterest income 4,085 3,471 4,788 Noninterest expense 9,704 9,510 10,115 Net Income before tax 2,270 1,947 2,021 Tax expense 861 721 763 Net income $ 1
Slide 14: Improving Credit Quality
Improving Credit Quality $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 12/31/2012 12/31/2013 03/31/15 Total NPA & TDRs Total NPAs 14
Slide 15: Capital Ratios
Capital Ratios 15 9.35% 9.16% 8.36% 8.41% 11.98% 11.81% 13.07% 13.80% 13.32% 11.34% 16.32% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 2010 2011 2012 2013 Q12015 Tangible Common equity / Tangible Assets Tier 1 Risk-Based Capital Ratio Total Risk-Based Capital Ratio 12.55% 12.05%
Slide 16: Questions and Answers
Questions and Answers SHORE BANCSHARES, INC. Good things
Slide 17: Report on Voting
Report on Voting SHORE BANCSHARES, INC.
Slide 18: Adjournment
Adjournment Snore BAN Good things are hap