<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpan...

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">EASTON, Md.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 21, 2026</span> /PRNewswire/ -- Shore Bancshares, Inc. (Nasdaq – SHBI), the parent company of Shore United Bank, N.A. announced today that its Board of Directors has declared a quarterly dividend of $0.14 per share, which represents a $0.02, or 16.7%, increase from the dividend paid in the prior quarter. The common stock dividend is payable on June 17, 2026, to holders of record at the close of business on June 3, 2026.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                        <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/803952/Shore_Bancshares_Logo.html" target="_blank" rel="nofollow">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/803952/Shore_Bancshares_Logo.jpg" title="Shore Bancshares Logo (PRNewsfoto/Shore Bancshares, Inc.)" alt="Shore Bancshares Logo (PRNewsfoto/Shore Bancshares, Inc.)"></img>
                        </a>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">The company also announced that its Board of Directors has authorized the repurchase of up to $30 million of the company&#39;s outstanding common stock over the next 12 months.</p><p xmlns="http://www.w3.org/1999/xhtml">The shares may be repurchased from time to time through a combination of open market transactions at prevailing market prices, in privately negotiated transactions, through block trades and pursuant to any trading plan that may be adopted in accordance with Rules 10b5-1 and/or 10b-18 of the Securities and Exchange Commission. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the company&#39;s stock, general market and economic conditions, applicable legal requirements, and other factors. The repurchase program may be modified, amended or terminated by the Board of Directors at any time. The company is not obligated to purchase any shares under the repurchase program.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This dividend increase and the authorization of a $30 million repurchase program reflect the strength of our capital position and the earnings power we have built over the last few years since our merger with The Community Financial Corporation.  This move also reflects our Board&#39;s continued commitment to delivering value to shareholders,&#34; said James M. Burke, President and Chief Executive Officer of Shore Bancshares, Inc. &#34;We will remain disciplined in executing the repurchase program while continuing to invest in our franchise and support the communities we serve.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Shore Bancshares Information</b></p><p xmlns="http://www.w3.org/1999/xhtml">Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the parent company of Shore United Bank, N.A. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. Additional information is available at <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4689508-1&amp;h=733785430&amp;u=https%3A%2F%2Fedge.prnewswire.com%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4622679-1%26h%3D1712648751%26u%3Dhttps%253A%252F%252Fwww.shorebancshares.com%252F%26a%3Dwww.shorebancshares.com&amp;a=www.shorebancshares.com" target="_blank" rel="nofollow">www.shorebancshares.com</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of Shore Bancshares, Inc.&#39;s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause Shore Bancshares, Inc.&#39;s actual results to differ materially from those described in the forward-looking statements can be found in Shore Bancshares, Inc.&#39;s Annual Report on Form 10-K for the year ended December 31, 2025, and in any subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and Shore Bancshares, Inc. undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=PH60396&amp;sd=2026-05-21"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/shore-bancshares-inc-announces-increased-dividend-and-30-million-stock-repurchase-program-302773669.html" target="_blank">https://www.prnewswire.com/news-releases/shore-bancshares-inc-announces-increased-dividend-and-30-million-stock-repurchase-program-302773669.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Shore Bancshares, Inc.</p>

SHBI

Shore Bancshares, Inc. Announces Increased Dividend and $30 Million Stock Repurchase Program

Shore Bancshares Raises Dividend and Launches $30 Million Buyback Plan

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p xmlns=&quot;http://www.w3.org/1999/xhtml&quot;&gt;&lt;span xmlns=&quot;http://www.w3.org/1999/xhtml&quot; class=&quot;legendSpan...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Shore Bancshares, Inc. announced a 16.7% increase in its quarterly dividend to $0.14 per share and authorized a $30 million stock repurchase program. These moves signify strong capital position and commitment to enhancing shareholder value, which may positively influence SHBI&#039;s stock performance in the short term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>SHBI increases quarterly dividend by 16.7% to $0.14 per share.</li><li>Dividend payable on June 17, 2026, for holders of record by June 3.</li><li>Board authorizes $30 million stock repurchase program over the next year.</li><li>Repurchases may occur through various market transactions as management decides.</li><li>CEO highlights capital strength and commitment to shareholder value.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Shore Bancshares, Inc. (SHBI)</strong>: Strong focus on shareholder value through higher dividends and buybacks.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement fits under Corporate Developments, showcasing SHBI&#039;s strategy to enhance shareholder returns through dividends and buybacks, which could attract more investors and support stock price stability.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Dividend hike signals strong company earnings and may attract income-focused investors.</li><li>Authorized buyback could reduce share supply and support stock price.</li><li>Upcoming dividend payment date may drive buying interest before June 3.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Dividend increased from $0.12 to $0.14 per share effective June 17, 2026.</li><li>$30 million stock repurchase program authorized for 12 months.</li><li>Record date for dividend is June 3, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying SHBI for potential short-term gains from increased dividend and share repurchases.</p>
  </section>
</section>


<article>
  <header>
    <h1>Shore Bancshares, Inc. Announces Increased Dividend and $30 Million Stock Repurchase Program</h1>
    <p><strong>EASTON, Md.</strong>, <strong>May 21, 2026</strong> /PRNewswire/ -- Shore Bancshares, Inc. (Nasdaq – <em>SHBI</em>), the parent company of Shore United Bank, N.A., has announced a quarterly dividend increase and a significant stock repurchase program. This move demonstrates the company’s commitment to enhancing shareholder value.</p>
  </header>

  <section>
    <h2>Dividend Increase Details</h2>
    <p>Shore Bancshares has declared a quarterly dividend of <strong>$0.14 per share</strong>, reflecting a <strong>$0.02</strong> increase or <strong>16.7%</strong> from the previous quarter. This dividend is payable on <strong>June 17, 2026</strong> to shareholders of record as of the close of business on <strong>June 3, 2026</strong>.</p>
  </section>

  <section>
    <h2>$30 Million Stock Repurchase Authorization</h2>
    <p>In addition to the dividend increase, Shore Bancshares' Board of Directors has authorized the repurchase of up to <strong>$30 million</strong> of the company’s outstanding common stock over the coming 12 months. The repurchases may occur through various methods, including:</p>
    <ul>
      <li>Open market transactions at prevailing market prices</li>
      <li>Privately negotiated transactions</li>
      <li>Block trades</li>
      <li>Trading plans compliant with SEC Rules 10b5-1 and/or 10b-18</li>
    </ul>
    <p>The actual timing and number of shares repurchased will depend on management's discretion and will factor in various influences, such as the market price of <em>SHBI</em> shares and broader economic conditions.</p>
  </section>

  <section>
    <h2>Leadership Insights on Shareholder Value</h2>
    <p>James M. Burke, President and CEO of Shore Bancshares, commented on these initiatives, stating, <em>“This dividend increase and the authorization of a $30 million repurchase program reflect the strength of our capital position and the earnings power we have built over the last few years since our merger with The Community Financial Corporation. This move also reflects our Board's continued commitment to delivering value to shareholders."</em></p>
    <p>Burke emphasized the company's disciplined approach in executing the repurchase program while continuing to invest in its franchise and community support.</p>
  </section>

  <section>
    <h2>About Shore Bancshares, Inc.</h2>
    <p>Shore Bancshares is a financial holding company headquartered in Easton, Maryland. It serves as the parent company for Shore United Bank, N.A. and offers a range of trust and wealth management services through Wye Financial Partners, a division of Shore United Bank, N.A. More information can be found at <a href="https://www.shorebancshares.com" target="_blank" rel="nofollow">www.shorebancshares.com</a>.</p>
  </section>

  <section>
    <h2>Forward-Looking Statements</h2>
    <p>This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements express the current beliefs and expectations of Shore Bancshares’ management and are subject to risks and uncertainties. Actual outcomes may differ significantly. For more details on the factors that could affect these forward-looking statements, please refer to Shore Bancshares’ Annual Report on Form 10-K for the year ended December 31, 2025.</p>
  </section>
</article>

Shore Bancshares, Inc. announced a 16.7% increase in its quarterly dividend to $0.14 per share and authorized a $30 million stock repurchase program. These moves signify strong capital position and commitment to enhancing shareholder value, which may positively influence SHBI's stock performance in the short term.

Shore Bancshares, Inc. Announces Increased Dividend and $30 Million Stock Repurchase Program

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News