Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Q4 2025 Earnings Presentation
29 slides from Shore Bancshares's earnings presentation, Feb 2, 2026
Slide 1: Investor Presentation December 31, 2025
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 December 31, 2025 Investor Presentation
Slide 2: Forward-Looking Statements
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Forward-Looking Statements The statements contained in this presentation that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management’s cur
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: Suburban and Rural Branches Support Maryland Franchise and Growing Presence in Virginia and Delaware
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Suburban and Rural Branches Support Maryland Franchise and Growing Presence in Virginia and Delaware Branch locations (40 branches) Commercial Lending Centers (4 locations) Mortgage Loan Offices (3 locations) Pennsylvania West V
Slide 5: Investment Opportunity
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Opportunity Q4 2025 ▪ EPS and ROATCE of $0.48 per diluted share and 14.10%, respectively ▪ ROAA of 1.02% and 1.11% (non-GAAP) Q3 2025 ▪ EPS and ROATCE of $0.43 per diluted share and 13.27%, respectively ▪ ROAA of 0.95
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 3 Driving core deposit growth and ensuring ample liquidity 4 Rigorously managing credit
Slide 7: Fourth Quarter 2025 Results
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Fourth Quarter 2025 Results (1) All figures shown on an end of period basis with comparisons to the third quarter of 2025 unless otherwise noted. 7 Q4 2025 net income of $15.9 million, or $0.48 per diluted share Q4 2025 Highligh
Slide 8: Profitability Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Profitability Trends (1) Core earnings 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. 0.94% 1.02% 1.15% 1.05%
Slide 9: Quarterly Loan Trends and Loan Composition
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial real estate 54.0% Residential real estate 28.9% Construction 7.0% Commercial 4.6% Consumer (incl. credit cards) 5.5% Quarterly Loan Trends $4.90B Concentrations as a percentage of total capital as of December 31, 2025
Slide 10: Fixed Rate Loans Maturity
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 ▪ Fixed-interest rate loans scheduled to mature after Q4 2027 are $1.66 billion or 34%. ▪ The weighted average interest rate for loans scheduled to mature after Q4 2027 was 5.51%. Fixed Rate Loans by Maturity as of December 31,
Slide 11: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details as of December 31, 2025 Total CRE Portfolio $2.93B Total average CRE loan size(1) $1.12M % with guaranty (by $ / by #) 84% / 90% Past due 30-89 days $2.11 million / 0.07% of total CRE Non
Slide 12: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details as of December 31, 2025 Multifamily 9.9% Industrial 9.9% Office 16.6% Retail 19.0% Other 37.9% Hotel/Motel 6.7% MD 54.1% VA 22.9% DE 9.3% Other 13.7% CRE Portfolio Composition(1) Amount (
Slide 13: Quarterly Deposit Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Deposit Trends 13 $5,528 $5,460 $5,314 $5,528 $5,534 $1,563 $1,565 $1,575 $1,594 $1,588 $978 $852 $763 $852 $853 $1,806 $1,801 $1,691 $1,790 $1,815 $1,182 $1,242 $1,284 $1,292 $1,278 Noninterest-bearing deposits Intere
Slide 14: Investment Portfolio
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Portfolio 14 ▪ Allocation: AFS 34%, HTM 65% and equity securities 1% ▪ Effective duration of 3.60 years ▪ Reinvesting 2025 maturing cash flows in stable average life MBS and floating rate bonds ▪ The portfolio exhibit
Slide 15: Net Interest Income and Net Interest Margin
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 $44,011 $46,029 $47,252 $48,655 $50,441 3.03% 3.24% 3.35% 3.42% 3.43% 2.85% 3.02% 3.10% 3.22% 3.24% 2.94% 3.28% 3.43% 3.57% Net Interest Income NIM NIM Excluding Accretion Regional Peer Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 NI
Slide 16: Loan Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Loan Portfolio Details Commercial real estate Residential real estate Construction Commercial Consumer Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 8.00% 16 Selected Yields (%) 5.25% 5.35% 5.44% 5.
Slide 17: Noninterest Income
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Income 17 Noninterest Income Composition Quarterly Noninterest Income ▪ Lower mortgage banking activity due to seasonality ▪ Well-diversified sources of fee income ▪ One-time increase related to insurance proceeds Se
Slide 18: Noninterest Expense
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Expense 18 Noninterest Expense Trends ($ in thousands) Quarterly Noninterest Expense Details Noninterest expense increased due to credit related expenses and write down of repossessed assets ($ in thousands) Q4 2024
Slide 19: Credit Quality Statistics
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Credit Quality Statistics ($ in thousands) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Nonperforming Assets Nonaccrual loans $ 21,008 $ 15,402 $ 16,782 $ 24,378 $ 39,960 90+ days delinquent accruing 294 894 215 153 255 Other real es
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 decreased due to favorable economic outlook partially offset by higher charge-offs ▪ ACL of $58.8 million or
Slide 21: Quarterly Capital Ratios
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Capital Ratios 8.02% 8.27% 8.65% 8.86% 8.82% 9.44% 9.75% 9.90% 10.21% 10.52% 10.06% 10.37% 10.51% 10.82% 11.15% 12.18% 12.52% 12.65% 12.88% 13.61% Tier 1 Leverage Ratio Common Equity Tier 1 Tier 1 Risk-Based Capital Ra
Slide 22: Appendix
Appendix Shore Baneshares|)
Slide 23: Financial Highlights
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Financial Highlights (1) Gross loans are inclusive of net deferred costs and fees. (2) Non-GAAP financial measures. Refer to Appendix to this presentation for a reconciliation. (3) NPLs include nonaccrual loans and BEFDs. NPAs i
Slide 24: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ‘‘Tangible book value per share’’ is defined as tangible stockholders’ equity less preferred equity and intangible assets divided by total common shares outstanding. We believe that this measure is import
Slide 25: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ‘‘Efficiency ratio” is defined as recurring noninterest expense less foreclosed real estate ("OREO") expenses and valuation allowances, less merger and acquisition costs, less amortization of intangible a
Slide 26: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation We believe net interest margin excluding accretion, which reflects our net interest margin excluding accretion interest on acquired loans and prepayment penalties of long-term debt, allows investors to be
Slide 27: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ($ in thousands) For the Quarters Ended December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Net Income $ 15,887 $ 14,348 $ 15,507 $ 13,764 $ 13,282 Add: Amortization of Int
Slide 28: 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 29: #593160
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 NASDAQ: SHBI © 2025 Shore Bancshares, Inc.