EASTON,
Md., Nov. 7, 2023 /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 30, 2023 to
stockholders of record on November
18, 2023.
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: changes in general economic,
political, or industry conditions; geopolitical concerns, including
the ongoing war in Ukraine; the
magnitude and duration of the COVID-19 pandemic and related
variants and mutations and their impact on the global economy and
financial market conditions and our business, results of
operations, and financial condition; 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; the transition
away from USD LIBOR and uncertainty regarding potential alternative
reference rates, including SOFR; 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; 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; and other factors that may affect our future results. For a
discussion of these risks and uncertainties, see the section of the
periodic reports filed by Shore Bancshares, Inc. with the
Securities and Exchange Commission entitled "Risk Factors".
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SOURCE Shore Bancshares, Inc.