Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Investor Presentation (July 2025)
31 slides from Shore Bancshares's investor presentation, Jul 25, 2025
Slide 1: Investor Presentation June 30, 2025
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 June 30, 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 operates
Slide 4: Suburban and Rural Branches Support Dominant Maryland Franchise
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Suburban and Rural Branches Support Dominant Maryland Franchise and Growing Presence in Virginia and Delaware Branch locations (40 branches) Commercial Lending Centers (4 locations) Mortgage Loan Offices (3 locations) Pennsylvan
Slide 5: Investment Opportunity
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Opportunity 2025 Q2 ▪ EPS and ROATCE of $0.46 per diluted share and 14.99%, respectively ▪ ROAA of 1.03% and 1.15% (Non-GAAP) 2025 Q1 ▪ EPS and ROATCE of 0.41 per diluted share and 14.05, respectively ▪ ROAA of 0.91%
Slide 6: 2025 Management Focus
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 2025 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: Second Quarter 2025 Results
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Second Quarter 2025 Results (1) All figures shown on an end of period basis with comparisons to the first quarter of 2025 unless otherwise noted. 7 Q2 2025 net income of $15.5 million, or $0.46 per common share Q2 2025 Highlight
Slide 8: Profitability Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Profitability Trends (1) Core earnings is a non-GAAP financial measures - see Non-GAAP reconciliations in Appendix .91% .90% .94% 1.02% 1.15% 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 12.85% 12.37% 13.37% 14.05% 14.99% 2024 Q2 202
Slide 9: Quarterly Loan Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial real estate 54.0% Residential real estate 27.9% Construction 7.3% Commercial 4.6% Consumer 6.2% Quarterly Loan Trends $4.83B Concentrations as a percentage of total capital as of June 30, 2025: ▪ CRE Concentration Rat
Slide 10: Loan Maturity and Repricing Schedule
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Loan Maturity and Repricing Schedule $ in m ill io ns $304.5 $317.6 $327.7 $304.7 $236.3 2025 2026 2027 2028 2029 $— $50 $100 $150 $200 $250 $300 $350 $ in m ill io ns $74.5 $208.7 $236.8 $245.0 $925.9 2025 2026 2027 2028 2029 &
Slide 11: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details Total average loan size $0.26M Total average CRE loan size $1.09M % with guaranty (by $ / by #) 84% / 91% Past due 30-89 days $3.49mm / 0.12% of total CRE Nonaccrual $6.11mm / 0.21% of to
Slide 12: Commercial Real Estate Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Commercial Real Estate Portfolio Details Multifamily 9.6% Industrial 10.7% Office 16.9% Retail 18.5% Other 37.5% Hotel/Motel 6.8% MD 49.7% VA 22.6% DE 8.0% Other 19.7% CRE Portfolio Composition(1) Amount ($000) % of CRE Loans Mu
Slide 13: Quarterly Deposit Trends
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Deposit Trends 13 $5,149 $5,226 $5,528 $5,460 $5,314 $1,587 $1,571 $1,563 $1,565 $1,575 $659 $752 $978 $852 $763 $1,689 $1,634 $1,806 $1,801 $1,691 $1,214 $1,269 $1,182 $1,242 $1,284 Noninterest-bearing deposits Intere
Slide 14: Investment Portfolio
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investment Portfolio 14 ▪ Allocation: AFS 29%, HTM 70% and Investment Securities 1% ▪ Effective duration of 4.0 years ▪ Reinvesting 2025 maturing cash flows in stable average life MBS and floating rate bonds ▪ Cumulative expecte
Slide 15: Net Interest Income and Margin
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 $11,234 $11,189 $13,282 $13,764 $15,507 3.11% 3.17% 3.03% 3.24% 3.35% 2.83% 2.84% 2.85% 3.02% 3.10% 2.83% 2.92% 2.94% 3.28% Net Income NIM NIM Excluding Accretion Regional Peer Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 NIM and NIM
Slide 16: Loan Portfolio Details
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Loan Portfolio Details Commercial real estate Residential real estate Construction Commercial Consumer 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 5.00% 5.50% 6.00% 6.50% 7.00% 7.50% 16 Selected Yields (%) 5.39% 5.47% 5.25% 5.35% 5.
Slide 17: Noninterest Income
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Income 17 Noninterest Income Composition Quarterly Noninterest Income Stronger market conditions and client acquisition drive higher mortgage banking activity and interchange credits fees ▪ Higher mortgage banking an
Slide 18: Noninterest Expense
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Noninterest Expense 18 Noninterest Expense Trends ($ in thousands) Quarterly Noninterest Expense Details Increase due to higher personnel expense, offset by lower general operating expense ($ in thousands) Q2 2024 Q3 2024 Q4 202
Slide 19: Credit Quality Statistics
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Credit Quality Statistics ($ in thousands) 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 Non-performing Assets Nonaccrual Loans $ 14,837 $ 14,844 $ 21,008 $ 15,402 $ 16,782 90+ or More Days Past Due 414 454 294 894 215 Other Real Esta
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 ACL increased due to loan portfolio growth coupled with higher charge offs. ▪ ACL of $58.5 million or 1.21% of outstanding loans equal
Slide 21: Quarterly Capital Ratios
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Quarterly Capital Ratios 8.07% 8.31% 8.02% 8.27% 8.65% 9.06% 9.27% 9.44% 9.75% 9.90%9.67% 9.89% 10.06% 10.37% 10.51% 11.82% 12.04% 12.18% 12.52% 12.65% Tier 1 Leverage Ratio Common Equity Tier 1 Tier 1 Risk-Based Capital Ratio T
Slide 22: Appendix
Appendix Shore Baneshares|)
Slide 23: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation 23 This presentation contains financial information and performance measures determined by methods other than in accordance with generally accepted accounting principles in the United States (“GAAP”). Sho
Slide 24: Financial Highlights
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Financial Highlights 1 Gross portfolio loans and US SBA 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 lo
Slide 25: 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 26: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation ‘‘Efficiency ratio” is defined as recurring non-interest expense less foreclosed real estate ("OREO") expenses and valuation allowances, less merger and acquisition costs, less amortization of intangible
Slide 27: 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 28: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation Our operating results are impacted periodically by non-recurring one time items that are not reflective of our operating income. We believe that investors would benefit from analyzing our profitability an
Slide 29: 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 beli
Slide 30: Non-GAAP Reconciliation
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Non-GAAP Reconciliation We believe that pre-tax pre-provision income, which reflects our profitability before income taxes and loan loss provisions, allows investors to better assess our operating income and expenses in relation
Slide 31: Second Quarter 2025
#006881 #ACC0C6 #83AFB4 #FEBE10 #5F574F #4D4F53 #C75B12 #5B8F22 #593160 Investor Presentation Second Quarter 2025 NASDAQ: SHBI 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.