Shore Community Bank Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the bank reported net income of $850,532, or $0.34 per diluted share compared to net income of $646,254, or $0.26 per diluted share for the nine months ended September 30, 2014, representing an increase in net income of 31.6%. Book value per share at September 30, 2015 was $9.85 based on 2,465,807 shares outstanding, compared to $9.62 at December 31, 2014 based on 2,425,138 shares outstanding.