Shore Bancshares, Inc. · NASDAQ:SHBI
Shore Bancshares — Shareholder Meeting (May 2014)
20 slides from Shore Bancshares's shareholder meeting presentation, May 2, 2014
Slide 1: Shore Bancshares, Inc. Annual Meeting April 30, 2014
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. • Herbert L. Andrew, III • Blenda W. Armistead • David J. Bates • Lloyd L. “Scott” Beatty, Jr. • James A. Judge • Neil R. LeCompte • Frank E. Mason, III • Christopher F. Spurry • F. Winfield Trice, Jr. • W. Moorhead Vermilye • John H. Wilson 3
Slide 4: Chairman's Remarks & Procedural Matters
Chairman’s Remarks & Procedural Matters Christopher F. Spurry Pamela J. Dill
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: SHBI - Stock Price Change %
SHBI - Stock Price Change % Shore Baneshares, Inc. - Price Change (%) se 77.37%) nasoac ae 97m) . RS SHORE BANCSHARES, INC. Good things are happening here ™
Slide 8: Company Overview Highlights
Largest independent Maryland - based bank headquartered and operating on the Delmarva Peninsula. Presence in 8 Counties in MD and DE, 5 th largest in MD. Operates one of the largest independent insurance agencies in Maryland. Recently executed sale of $45 million of NPAs and TDRs which reduced probl
Slide 9: Deposit Market Share Delmarva Peninsula
Deposit Market Share Delmarva Peninsula NOTE: Delmarva Peninsula defined as Maryland counties of Kent, Queen Anne’s, Talbot, Caroline, Dorchester, Wicomico, Somerset, and Worcester; and Delaware counties of Kent and Sussex; Deposit m arket share excludes Discover Financial Services Data as of June 3
Slide 10: 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 Shore Bancshares, Inc . 18 925,966 Money Centers/Regionals 7 1,168,403 7 1,930,539 Community Banks 45 89
Slide 11: Current Initiatives
Current Initiatives ● Focus on organic growth - Re - engage sales efforts across all business lines - Grow customer base by taking share from local/national competitors ($4.1 billion available) - Focus on relationships to increase deposit penetration & multi - product usage ● Leverage infrastructure
Slide 12: We are a very different Company now
We are a very different Company now x Reduced emphasis on R/E as collateral x Strengthened noninterest revenue sources x Continuing to build organizational depth x Forge a Business Development culture with new branding thrust x Revamped strategic plan positions all subsidiaries for growth x Instille
Slide 13: Year End Highlights
Shore Bancshares, Inc. Year End Highlights George S. Rapp Chief Financial Officer
Slide 14: Financial Summary (As of 3/31/2014)
Financial Summary (As of 3/31/2014) Assets: $1.0 Billion Gross Loans: $704 Million Total Deposits: $929 Million Total Equity: $105 Million Tangible Common Equity: $88.7 Million Tangible Book Value per Share $10.47 Shares Outstanding: 8,471,000 Closing Stock Price (April 28, 2014): $ 9.55 Market Capi
Slide 15: Quarterly Results
Quarterly Results RESULTS OF OPERATION: $(000) 1Q14 4Q13 1Q13 Net interest income $ 8,323 $ 8,570 $ 8,477 Provision for credit losses 975 474 2,150 Noninterest income 4,788 4,215 4,490 Noninterest expense 10,115 10,468 10,491 Net Income before tax 2,021 1,843 326 Tax expense 763 668 104 Net income 1
Slide 16: 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 12/31/2011 12/31/2012 12/31/2013 1st Qtr 2014 Total NPA & TDRs Total NPAs 16
Slide 17: Key Ratios Versus Peers – 1Q14
Key Ratios Versus Peers – 1Q14 Peer* SHBI Return on Average Assets 0.24% 0.49% Return on Average Equity 4.16% 4.88% Total Equity/Total Assets 10.19% 9.97% Tangible Equity/Tangible Assets 8.90% 8.58% Risk - Based Capital Ratio 15.90% 11.68% Net Interest Margin 3.89% 3.50% Non - interest Income/Operat
Slide 18: Questions and Answers
Questions and Answers SHORE BANCSHARES, INC. Good thing -
Slide 19: Report on Voting
Report on Voting SHORE BANCSHARES, INC. Good thing here*
Slide 20: Adjournment
Adjournment 20