Press Releases

SHORE COMMUNITY BANK ANNOUNCES 60% INCREASE IN SECOND QUARTER 2017 NET INCOME

Posted on 7/28/2017 by

Toms River, N.J., July 27, 2017…Shore Community Bank (OTCPK: SHRC) today reported net income grew 60.2% to $658,653, or 21 cents per diluted share, for the second quarter ended June 30, 2017, compared to the $411,169, or 13 cents per diluted share, reported for the same quarterly period in 2016.

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Shore Community Bank Announces 49% Increase In First Quarter 2017 Net Income

Posted on 4/30/2017 by

Toms River, New Jersey – April 25, 2017…Shore Community Bank (OTCPK: SHRC) today reported net income of $539,272 or 17 cents per diluted share for the three months ended March 31, 2017, compared to net income of $361,706, or 12 cents per diluted share reported for the first quarter of 2016. The improvement in net income represents an increase of 49.1%.

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SHORE COMMUNITY BANK ANNOUNCES 33% INCREASE IN 2016 NET INCOME

Posted on 1/26/2017 by

Toms River, N.J., January 26, 2017…Shore Community Bank (OTC Pink: SHRC) today reported a 32.6 percent increase in net income for the year ended December 31, 2016 based on earnings of $1,726,381, or $0.62 per diluted share, compared to $1,301,410, or $0.47 per diluted share, for the year ended December 31, 2015.

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Shore Community Bank Announces 56% Increase in Third Quarter 2016 Net Income

Posted on 10/27/2016 by in 2016

Toms River, N.J., October 27, 2016…Shore Community Bank (OTC Pink: SHRC) today reported net income of $468,393 or $0.17 per diluted share for the quarter ended September 30, 2016, compared to net income of $301,055, or $0.11 per diluted share for the three months ended September 30, 2015, representing an increase of 55.6 percent in net income.

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Shore Community Bank Announces New Chairman and Vice Chairman

Posted on 6/30/2016 by in 2016

Toms River, NJ May 24, 2016 – Shore Community Bank (OTCBB:SHRC) announced today that the Board of Directors appointed Howard Butensky, Esq., Chairman of the Board of Directors and David Rosen, Vice Chairman. Mr. Butensky and Mr. Rosen are both original founders and organizers of Shore Community Bank and have been members of the Board of Directors since 1996.

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Shore Community Bank Announces 54% Increase in First Quarter 2016 Net Income

Posted on 6/30/2016 by in 2016

Toms River, New Jersey – April 28, 2016…Shore Community Bank (OTCPK:SHRC) today reported net income for the three months ended March 31, 2016 of $361,706 or 13 cents per diluted share, compared to net income of $235,028, or 9 cents per diluted share, reported for the first quarter of 2015. This represents an increase in net income of 53.9%. Earnings per share for all reported periods have been adjusted for the 10%…

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Shore Community Bank Announces 10% Stock Dividend

Posted on 6/30/2016 by in 2016

Toms River, N.J., April 05, 2016…Shore Community Bank (OTC Pink: SHRC) announced today that the Board of Directors have approved a 10% stock dividend. The dividend is payable on May 04, 2016 to shareholders of record as of April 21, 2016. The dividend will increase the number of shares currently outstanding by 246,580 shares bringing total outstanding shares to 2,712,387.

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Shore Community Bank Reports Fourth Quarter and Full Year 2015 Results

Posted on 1/28/2016 by in 2016

Toms River, N.J., January 28, 2016…Shore Community Bank (OTC Pink: SHRC) today reported net income of $450,877, or $0.18 per diluted share for the three months ended December 31, 2015, compared to net income of $433,869, or $0.17 per diluted share, for the same period in 2014. For the full year, Shore Community Bank reported a 20.5 percent increase in net income based on a reported net income of $1,301,410, or $0.52 per diluted share, for the year ended December 31, 2015, compared to $1,080,122, or $0.43 per diluted share, for the year ended December 31, 2014.

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Press Releases

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