Shore Community Bank Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Announces Cash Dividend for the First Quarter of 2018, Payable on February 20, 2018
For the year, the company reported net income for the year ended December 31, 2017 was $2,067,788, or $0.66 per diluted share, compared to $1,726,381, or $0.56 per diluted share, for the year ended December 31, 2016. Book value per share at December 31, 2017, after the deferred tax assets adjustment, was $9.04 compared to $8.66 at December 31, 2016 based on 3.1 million shares outstanding in each period.
The Board of Directors of Bank announced a cash dividend of $0.075 per share for the first quarter of 2018. The dividend will be paid on February 20, 2018 to all shareholders of record on February 06, 2018.