Shore Community Bank (SHRC) Declares $0.075 Quarterly Dividend; 2.7% Yield
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Shore Community Bank Announces 2017 Net Income And Declares Quarterly Cash Dividend
January 25, 2018 4:21 PM ESTTOMS RIVER, N.J., Jan. 25, 2018 /PRNewswire/ -- Shore Community Bank (OTC Pink: SHRC) today reported net income of $163,388, or $0.05 per diluted share, for the fourth quarter of 2017 compared to net income of $485,114, or $0.16 per diluted share, for the fourth quarter of 2016. 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.
As a result of the enactment of the Tax Cuts and Jobs Act on December 22, 2017, a charge to tax provision was recorded due... More
