1 unchanged sentence
MARKET INFORMATION, HOLDERS AND CASH DIVIDENDS
−Removed: The shares of the Company’s common stock are listed on the NASDAQ Global Select Market under the symbol “SHBI.” As of March 6, 2025, the Company had approximately 1,770 registered holders of record.
−Removed: The high and low sales prices for the shares of common stock of the Company, as reported on the NASDAQ Global Select Market, and the cash dividends declared on those shares for each quarterly period of 2024 and 2023 are set forth in the table below.
−Removed: Price Range Dividends Price Range Dividends
−Removed: High Low Paid High Low Paid
−Removed: 1st Quarter $ 14.38 $ 10.56 $ 0.12 $ 18.15 $ 14.00 $ 0.12
−Removed: 2nd Quarter 11.90 10.06 0.12 14.45 10.65 0.12
−Removed: 3rd Quarter 14.99 11.03 0.12 13.37 10.27 0.12
−Removed: 4th Quarter 17.61 13.21 0.12 14.51 9.66 0.12
−Removed: $ 0.48 $ 0.48
−Removed: Shareholders received quarterly cash dividends on shares of common stock totaling $16.0 million in 2024 and $12.7 million in 2023.
−Removed: Quarterly dividends remained at $0.12 for the entire year of 2024.
−Removed: As a general matter, the payment of dividends is at the discretion of the Company’s Board of Directors, based on such factors as operating results, financial condition, capital adequacy, regulatory requirements, and stockholder return.
−Removed: The Company anticipates continuing a regular quarterly cash dividend, although future dividend increases must be approved by Shore Bancshares Board of Directors.
−Removed: However, we have no obligation to pay dividends and we may change our dividend policy at any time without notice to shareholders.
−Removed: Any future determination to pay dividends to holders of our common stock will depend on our results of operations, financial condition, capital requirements, banking regulations, contractual restrictions and any other factors that our board of directors may deem relevant.
+Added: The shares of the Company’s common stock are listed on the NASDAQ Global Select Market under the symbol “SHBI.” As of February 26, 2026, the Company had approximately 1,729 registered holders of record.
The transfer agent for the Company’s common stock is:
8 unchanged sentences
Stock Performance Graph
−Removed: The following graph and table show the cumulative total return on the common stock of the Company over the last five years, compared with the cumulative total return of a broad stock market index (the NASDAQ Composite Index), and a narrower index of the NASDAQ Bank Index and S&P SmallCap Banks Index.
+Added: The following graph and table show the cumulative total return on the common stock of the Company over the last five years, compared with the cumulative total return of a broad stock market index (the NASDAQ Composite Index), and a narrower index of the KBW NASDAQ Regional Banking Index.
Cumulative total return on the stock or the index equals the total increase in value since December 31, 2020 assuming reinvestment of all dividends paid into the stock or the index.
5 unchanged sentences
NASDAQ Composite Index 100.00 122.18 82.43 119.22 154.48 187.14
−Removed: KBW NASDAQ Bank Index 100.00 89.69 124.06 97.52 96.65 132.60
−Removed: SmallCap Banks Index 100.00 90.82 126.43 111.47 112.03 132.44
+Added: KBW NASDAQ Regional Banking Index 100.00 136.64 127.17 126.67 143.39 152.71
EQUITY COMPENSATION PLAN INFORMATION
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.