EASTON,
Md., Oct. 30, 2024 /PRNewswire/ --Shore
Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of
Directors has declared a quarterly common stock dividend in the
amount of $0.12 per share, payable
November 29, 2024 to stockholders of
record on November 12, 2024.
Shore Bancshares Information
Shore Bancshares is a financial holding company headquartered in
Easton, Maryland and is the
largest independent bank holding company located on Maryland's Eastern Shore. It is the parent
company of Shore United Bank. Shore Bancshares engages in trust and
wealth management services through Wye Financial Partners, a
division of Shore United Bank.
Additional information is available
at www.shorebancshares.com.
Forward-Looking Statements
The statements contained herein that are not historical facts
are forward-looking statements (as defined by the Private
Securities Litigation Reform Act of 1995) based on management's
current expectations and beliefs concerning future developments and
their potential effects on the Company. Such statements involve
inherent risks and uncertainties, many of which are difficult to
predict and are generally beyond the control of the Company. There
can be no assurance that future developments affecting the Company
will be the same as those anticipated by management. These
statements are evidenced by terms such as "anticipate," "estimate,"
"should," "expect," "believe," "intend," and similar expressions.
Although these statements reflect management's good faith beliefs
and projections, they are not guarantees of future performance and
they may not prove true. These projections involve risk and
uncertainties that could cause actual results to differ materially
from those addressed in the forward-looking statements. While there
is no assurance that any list of risks and uncertainties or risk
factors is complete, below are certain factors which could cause
actual results to differ materially from those contained or implied
in the forward-looking statements: the effect of acquisitions we
have made or may make, including, without limitation, the failure
to achieve the expected revenue growth and/or expense savings from
such acquisitions, and/or the failure to effectively integrate an
acquisition target into our operations; recent adverse developments
in the banking industry highlighted by high-profile bank failures
and the potential impact of such developments on customer
confidence, liquidity, and regulatory responses to these
developments; changes in general economic, political, or industry
conditions; geopolitical concerns, including the ongoing wars in
Ukraine and the Middle East; uncertainty in U.S. fiscal and
monetary policy, including the interest rate policies of the Board
of Governors of the Federal Reserve System; inflation/deflation,
interest rate, market, and monetary fluctuations; volatility and
disruptions in global capital and credit markets; competitive
pressures on product pricing and services; success, impact, and
timing of our business strategies, including market acceptance of
any new products or services; the impact of changes in financial
services policies, laws, and regulations, including those
concerning taxes, banking, securities, and insurance, and the
application thereof by regulatory bodies; potential changes in
federal policy and at regulatory agencies as a result of the
upcoming 2024 presidential election; a deterioration of the credit
rating for U.S. long-term sovereign debt, actions that the U.S.
government may take to avoid exceeding the debt ceiling, and
uncertainties surrounding debt ceiling and the federal budget; the
impact of recent or future changes in FDIC insurance assessment
rate or the rules and regulations related to the calculation of the
FDIC insurance assessment amount, including any special
assessments; cybersecurity threats and the cost of defending
against them, including the costs of compliance with potential
legislation to combat cybersecurity at a state, national, or global
level; the Company's ability to remediate the existing material
weaknesses identified in its internal control over financial
reporting; the effectiveness of the Company's internal control over
financial reporting and disclosure controls and procedures; climate
change, including any enhanced regulatory, compliance, credit and
reputational risks and costs; and other factors that may affect our
future results. Additional factors that could cause actual results
to differ materially from those expressed in the forward-looking
statements are discussed in the Company's 2023 Annual Report on
Form 10-K filed with the U.S. Securities and Exchange Commission
("SEC") and available at the SEC's Internet site
(http://www.sec.gov).
The Company specifically disclaims any obligation to update any
factors or to publicly announce the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
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SOURCE Shore Bancshares, Inc.
