Shore Bancshares (SHBI) Financials

$14.37 -0.18 (-1.24%)

Closing price 04:00 PM Eastern

Extended Trading

$14.37 0.00 (0.00%)

As of 04:16 PM Eastern

Annual Income Statements for Shore Bancshares

This table shows Shore Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	31	11	44
Consolidated Net Income / (Loss)	31	11	44
Net Income / (Loss) Continuing Operations	31	11	44
Total Pre-Tax Income	42	14	59
Total Revenue	124	168	202
Net Interest Income / (Expense)	101	135	171
Total Interest Income	114	214	295
Loans and Leases Interest Income	99	194	270
Investment Securities Interest Income	12	17	19
Deposits and Money Market Investments Interest Income	3.21	2.77	6.24
Federal Funds Sold and Securities Borrowed Interest Income	0.00	0.09	0.00
Total Interest Expense	13	79	125
Deposits Interest Expense	9.98	69	115
Short-Term Borrowings Interest Expense	0.07	5.52	2.13
Long-Term Debt Interest Expense	2.49	4.45	7.36
Total Non-Interest Income	23	33	31
Trust Fees by Commissions	1.78	3.61	3.37
Service Charges on Deposit Accounts	5.65	5.50	6.15
Other Service Charges	4.29	7.17	8.50
Net Realized & Unrealized Capital Gains on Investments	0.00	9.63	5.02
Other Non-Interest Income	11	7.25	8.11
Provision for Credit Losses	1.93	31	4.74
Total Non-Interest Expense	80	123	138
Salaries and Employee Benefits	36	57	67
Net Occupancy & Equipment Expense	15	19	25
Property & Liability Insurance Claims	4.27	7.82	10
Other Operating Expenses	21	16	26
Amortization Expense	1.99	6.11	9.78
Restructuring Charge	2.10	17	0.00
Income Tax Expense	11	2.96	15
Basic Earnings per Share	$1.57	$0.42	$1.32
Weighted Average Basic Shares Outstanding	19.90M	33.21M	33.35M
Diluted Earnings per Share	$1.57	$0.42	$1.32
Weighted Average Diluted Shares Outstanding	19.90M	33.21M	33.35M
Weighted Average Basic & Diluted Shares Outstanding	19.90M	33.21M	33.35M
Cash Dividends to Common per Share	$0.48	$0.48	$0.48

This table shows Shore Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	9.66	8.41	6.46	4.02	-9.74	10	8.18	11	11	13
Consolidated Net Income / (Loss)	9.66	8.41	6.46	4.02	-9.74	10	8.18	11	11	13
Net Income / (Loss) Continuing Operations	9.66	8.41	6.46	4.02	-9.74	10	8.18	11	11	13
Total Pre-Tax Income	13	11	8.89	5.51	-15	15	11	15	15	18
Total Revenue	33	33	31	28	61	49	48	51	51	53
Net Interest Income / (Expense)	27	27	26	22	46	42	41	42	43	44
Total Interest Income	31	32	35	37	71	71	71	73	75	76
Loans and Leases Interest Income	26	28	31	33	65	66	66	67	69	67
Investment Securities Interest Income	3.19	3.95	4.07	3.73	5.07	4.00	4.43	5.24	4.97	4.84
Deposits and Money Market Investments Interest Income	1.47	0.66	0.16	0.17	1.21	1.22	0.96	0.58	0.56	4.14
Total Interest Expense	3.26	5.34	9.40	14	26	30	30	31	31	32
Deposits Interest Expense	2.56	4.55	7.28	9.91	23	28	28	28	29	30
Long-Term Debt Interest Expense	0.70	0.71	0.76	0.78	1.46	1.46	1.45	1.80	2.08	2.03
Total Non-Interest Income	5.34	5.86	5.33	5.29	15	7.55	6.57	8.44	7.29	8.85
Trust Fees by Commissions	0.42	0.40	0.43	0.40	1.93	0.84	0.73	0.90	0.88	0.86
Service Charges on Deposit Accounts	1.51	1.35	1.21	1.26	1.51	1.52	1.51	1.49	1.54	1.61
Other Service Charges	1.49	0.68	1.36	1.08	1.87	2.86	1.94	2.19	1.98	2.40
Other Non-Interest Income	1.92	3.44	2.33	2.55	3.02	-0.65	2.39	3.87	2.89	-1.03
Provision for Credit Losses	0.68	0.45	1.21	0.67	28	0.90	0.41	2.08	1.47	0.78
Total Non-Interest Expense	19	21	21	22	47	34	37	33	34	34
Salaries and Employee Benefits	8.56	8.91	8.68	8.96	14	25	12	13	13	28
Net Occupancy & Equipment Expense	3.79	4.20	3.95	3.82	5.48	5.88	6.19	6.31	6.34	6.64
Property & Liability Insurance Claims	1.10	0.95	1.12	1.72	1.84	3.14	2.75	2.44	2.52	2.54
Other Operating Expenses	4.80	5.51	6.01	5.49	8.16	-3.73	13	8.87	9.72	-5.75
Amortization Expense	0.50	0.46	0.44	0.44	2.63	2.60	2.58	2.57	2.34	2.30
Income Tax Expense	3.43	2.95	2.44	1.50	-4.99	4.02	2.41	3.77	3.78	4.86
Basic Earnings per Share	$0.49	$0.42	$0.32	$0.20	($0.29)	$0.19	$0.25	$0.34	$0.34	$0.39
Weighted Average Basic Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Diluted Earnings per Share	$0.49	$0.42	$0.32	$0.20	($0.29)	$0.19	$0.25	$0.34	$0.34	$0.39
Weighted Average Diluted Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Weighted Average Basic & Diluted Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Cash Dividends to Common per Share	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12	$0.12

This table details how cash moves in and out of Shore Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-528	317	87
Net Cash From Operating Activities	53	23	47
Net Cash From Continuing Operating Activities	53	23	47
Net Income / (Loss) Continuing Operations	31	11	44
Consolidated Net Income / (Loss)	31	11	44
Provision For Loan Losses	1.93	31	4.74
Depreciation Expense	5.86	11	16
Amortization Expense	1.54	0.96	-0.42
Non-Cash Adjustments to Reconcile Net Income	22	-18	-18
Changes in Operating Assets and Liabilities, net	-9.66	-13	0.66
Net Cash From Investing Activities	-582	172	-135
Net Cash From Continuing Investing Activities	-582	172	-135
Purchase of Property, Leasehold Improvements and Equipment	-2.45	-5.95	-5.22
Acquisitions	0.00	25	0.00
Purchase of Investment Securities	-654	-386	-286
Sale of Property, Leasehold Improvements and Equipment	0.00	0.72	0.95
Sale and/or Maturity of Investments	75	538	156
Net Cash From Financing Activities	0.81	122	175
Net Cash From Continuing Financing Activities	0.81	122	175
Net Change in Deposits	-16	243	141
Issuance of Debt	36	-109	50
Issuance of Common Equity	0.39	0.39	0.38
Payment of Dividends	-9.53	-13	-16
Cash Interest Paid	13	74	124
Cash Income Taxes Paid	12	7.29	0.00

This table details how cash moves in and out of Shore Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-240	-108	-18	8.12	63	264	-258	24	45	276
Net Cash From Operating Activities	7.01	2.59	11	-0.57	-24	36	2.39	3.03	9.05	32
Net Cash From Continuing Operating Activities	7.01	2.59	11	-0.57	-24	36	2.39	3.03	9.05	32
Net Income / (Loss) Continuing Operations	9.66	8.41	6.46	4.02	-9.74	10	8.18	11	11	13
Consolidated Net Income / (Loss)	9.66	8.41	6.46	4.02	-9.74	10	8.18	11	11	13
Provision For Loan Losses	0.68	0.45	1.21	0.67	28	0.90	0.41	2.08	1.47	0.78
Depreciation Expense	1.35	1.61	1.38	1.36	4.10	4.09	4.10	4.12	3.82	4.00
Amortization Expense	1.19	0.32	0.28	0.44	0.10	0.14	0.07	-8.28	7.67	0.11
Non-Cash Adjustments to Reconcile Net Income	-3.85	-3.82	-0.37	-4.28	-20	6.80	-6.90	-7.79	-7.61	4.28
Changes in Operating Assets and Liabilities, net	-2.01	-4.38	2.26	-2.77	-26	14	-3.48	1.66	-7.49	9.97
Net Cash From Investing Activities	-246	-133	-103	-77	396	-44	-54	-20	-5.94	-54
Net Cash From Continuing Investing Activities	-246	-133	-103	-77	396	-44	-54	-20	-5.94	-54
Purchase of Property, Leasehold Improvements and Equipment	-0.59	-0.14	-0.62	-1.15	-1.89	-2.30	-1.77	-1.59	-0.61	-1.26
Purchase of Investment Securities	-266	-150	-123	-97	-104	-62	-71	-98	-46	-70
Sale of Property, Leasehold Improvements and Equipment	-	-	-	-	-	-	-	-	-	0.95
Sale and/or Maturity of Investments	21	17	21	21	477	20	19	80	41	16
Net Cash From Financing Activities	-1.12	22	74	85	-309	272	-206	41	42	298
Net Cash From Continuing Financing Activities	-1.12	22	74	85	-309	272	-206	41	42	298
Net Change in Deposits	1.14	-5.37	-15	-57	40	276	-202	-36	77	302
Issuance of Common Equity	0.13	0.12	0.09	0.10	0.08	0.11	0.10	0.12	0.10	0.06
Payment of Dividends	-2.38	-2.38	-2.39	-2.39	-3.98	-3.98	-3.98	-4.01	-4.02	-4.00
Cash Interest Paid	3.60	4.92	13	9.13	25	27	31	30	31	32

This table presents Shore Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,477	6,011	6,231
Cash and Due from Banks	38	63	44
Interest Bearing Deposits at Other Banks	18	309	416
Trading Account Securities	96	134	175
Loans and Leases, Net of Allowance	2,539	4,584	4,714
Loans and Leases	2,556	4,641	4,772
Allowance for Loan and Lease Losses	17	57	58
Loans Held for Sale	4.25	8.78	20
Premises and Equipment, Net	51	82	82
Goodwill	63	63	63
Intangible Assets	5.55	48	38
Other Assets	662	718	679
Total Liabilities & Shareholders' Equity	3,477	6,011	6,231
Total Liabilities	3,113	5,500	5,690
Non-Interest Bearing Deposits	862	1,258	1,563
Interest Bearing Deposits	2,148	4,128	3,966
Long-Term Debt	83	73	124
Other Long-Term Liabilities	20	41	38
Commitments & Contingencies	-	0.00	0.00
Total Equity & Noncontrolling Interests	364	511	541
Total Preferred & Common Equity	364	511	541
Total Common Equity	364	511	541
Common Stock	202	356	358
Retained Earnings	172	162	190
Accumulated Other Comprehensive Income / (Loss)	-9.02	-7.49	-7.55

This table presents Shore Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	3,447	3,554	3,642	5,705	5,826	5,864	5,918
Cash and Due from Banks	34	24	35	68	43	50	52
Interest Bearing Deposits at Other Banks	129	14	10	41	71	89	131
Trading Account Securities	668	98	101	98	203	159	160
Loans and Leases, Net of Allowance	2,386	2,640	-29	-57	-57	4,647	4,675
Loans and Leases	2,402	2,669	0.00	-	-	4,706	4,734
Allowance for Loan and Lease Losses	16	28	29	57	57	58	59
Loans Held for Sale	8.34	3.51	6.85	15	14	28	27
Premises and Equipment, Net	52	51	51	81	83	82	82
Goodwill	63	63	63	63	63	63	63
Intangible Assets	6.01	5.11	4.67	51	46	43	41
Other Assets	100	3,296	3,398	5,289	5,302	703	687
Total Liabilities & Shareholders' Equity	3,447	3,554	3,642	5,705	5,826	5,864	5,918
Total Liabilities	3,090	3,192	3,278	5,204	5,310	5,341	5,384
Non-Interest Bearing Deposits	894	809	779	1,211	1,201	1,587	1,571
Interest Bearing Deposits	2,122	2,186	2,159	3,897	3,984	3,562	3,654
Long-Term Debt	53	175	319	72	73	154	123
Other Long-Term Liabilities	21	23	22	23	54	39	35
Total Equity & Noncontrolling Interests	357	362	363	502	515	523	533
Total Preferred & Common Equity	357	362	363	502	515	523	533
Total Common Equity	357	362	363	502	515	523	533
Common Stock	201	202	202	356	357	357	358
Retained Earnings	166	168	169	156	166	174	181
Accumulated Other Comprehensive Income / (Loss)	-9.78	-8.16	-8.56	-10	-8.06	-8.26	-5.53

This table displays calculated financial ratios and metrics derived from Shore Bancshares' official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	60.24%	35.44%	19.73%
EBITDA Growth	90.77%	-47.35%	184.94%
EBIT Growth	98.97%	-66.34%	313.87%
NOPAT Growth	102.87%	-63.99%	290.89%
Net Income Growth	102.87%	-63.99%	290.89%
EPS Growth	34.19%	-73.25%	214.29%
Operating Cash Flow Growth	801.68%	-56.86%	106.43%
Free Cash Flow Firm Growth	95.09%	-1,382.41%	70.38%
Invested Capital Growth	9.72%	30.50%	13.87%
Revenue Q/Q Growth	5.99%	10.69%	1.92%
EBITDA Q/Q Growth	18.03%	26.46%	4.95%
EBIT Q/Q Growth	21.16%	28.57%	6.60%
NOPAT Q/Q Growth	22.30%	22.78%	6.79%
Net Income Q/Q Growth	22.30%	22.78%	6.79%
EPS Q/Q Growth	25.60%	-35.38%	17.86%
Operating Cash Flow Q/Q Growth	95.12%	310.91%	-7.22%
Free Cash Flow Firm Q/Q Growth	94.55%	18.82%	11.73%
Invested Capital Q/Q Growth	9.05%	1.78%	1.23%
Profitability Metrics	-	-	-
EBITDA Margin	39.83%	15.48%	36.85%
EBIT Margin	33.88%	8.42%	29.11%
Profit (Net Income) Margin	25.06%	6.66%	21.76%
Tax Burden Percent	73.98%	79.16%	74.76%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	26.02%	20.84%	25.24%
Return on Invested Capital (ROIC)	7.29%	2.18%	7.03%
ROIC Less NNEP Spread (ROIC-NNEP)	7.29%	2.18%	7.03%
Return on Net Nonoperating Assets (RNNOA)	1.43%	0.39%	1.31%
Return on Equity (ROE)	8.72%	2.57%	8.34%
Cash Return on Invested Capital (CROIC)	-1.98%	-24.29%	-5.94%
Operating Return on Assets (OROA)	1.21%	0.30%	0.96%
Return on Assets (ROA)	0.90%	0.24%	0.72%
Return on Common Equity (ROCE)	8.72%	2.57%	8.34%
Return on Equity Simple (ROE_SIMPLE)	8.56%	2.20%	8.11%
Net Operating Profit after Tax (NOPAT)	31	11	44
NOPAT Margin	25.06%	6.66%	21.76%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.07%	45.19%	45.64%
Operating Expenses to Revenue	64.57%	73.21%	68.55%
Earnings before Interest and Taxes (EBIT)	42	14	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	26	74
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.89	0.88	0.97
Price to Tangible Book Value (P/TBV)	1.09	1.13	1.19
Price to Revenue (P/Rev)	2.60	2.68	2.60
Price to Earnings (P/E)	10.36	40.18	11.95
Dividend Yield	3.69%	3.53%	3.05%
Earnings Yield	9.65%	2.49%	8.37%
Enterprise Value to Invested Capital (EV/IC)	0.78	0.26	0.28
Enterprise Value to Revenue (EV/Rev)	2.82	0.90	0.93
Enterprise Value to EBITDA (EV/EBITDA)	7.08	5.81	2.53
Enterprise Value to EBIT (EV/EBIT)	8.32	10.68	3.21
Enterprise Value to NOPAT (EV/NOPAT)	11.24	13.49	4.29
Enterprise Value to Operating Cash Flow (EV/OCF)	6.66	6.67	4.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.23	0.14	0.23
Long-Term Debt to Equity	0.23	0.14	0.23
Financial Leverage	0.20	0.18	0.19
Leverage Ratio	9.70	10.84	11.63
Compound Leverage Factor	9.70	10.84	11.63
Debt to Total Capital	18.57%	12.45%	18.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	18.57%	12.45%	18.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	81.43%	87.55%	81.39%
Debt to EBITDA	1.68	2.79	1.66
Net Debt to EBITDA	0.56	-11.49	-4.52
Long-Term Debt to EBITDA	1.68	2.79	1.66
Debt to NOPAT	2.66	6.47	2.82
Net Debt to NOPAT	0.88	-26.70	-7.66
Long-Term Debt to NOPAT	2.66	6.47	2.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-8.45	-125	-37
Operating Cash Flow to CapEx	2,149.73%	434.03%	1,096.00%
Free Cash Flow to Firm to Interest Expense	-0.67	-1.59	-0.30
Operating Cash Flow to Interest Expense	4.20	0.29	0.38
Operating Cash Flow Less CapEx to Interest Expense	4.00	0.22	0.34
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.03
Fixed Asset Turnover	2.41	2.52	2.46
Capital & Investment Metrics	-	-	-
Invested Capital	447	584	665
Invested Capital Turnover	0.29	0.33	0.32
Increase / (Decrease) in Invested Capital	40	136	81
Enterprise Value (EV)	351	151	188
Market Capitalization	323	451	524
Book Value per Share	$18.34	$15.42	$16.24
Tangible Book Value per Share	$14.88	$12.06	$13.19
Total Capital	447	584	665
Total Debt	83	73	124
Total Long-Term Debt	83	73	124
Net Debt	28	-300	-336
Capital Expenditures (CapEx)	2.45	5.23	4.28
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	83	73	124
Total Depreciation and Amortization (D&A)	7.40	12	16
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.57	$0.42	$1.32
Adjusted Weighted Average Basic Shares Outstanding	19.90M	33.21M	33.35M
Adjusted Diluted Earnings per Share	$1.57	$0.42	$1.32
Adjusted Weighted Average Diluted Shares Outstanding	19.90M	33.21M	33.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.90M	33.21M	33.35M
Normalized Net Operating Profit after Tax (NOPAT)	33	25	44
Normalized NOPAT Margin	26.31%	14.82%	21.76%
Pre Tax Income Margin	33.88%	8.42%	29.11%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.36	0.18	0.47
NOPAT to Interest Expense	2.49	0.14	0.35
EBIT Less CapEx to Interest Expense	3.16	0.11	0.44
NOPAT Less CapEx to Interest Expense	2.29	0.08	0.32
Payout Ratios	-	-	-
Dividend Payout Ratio	30.57%	113.40%	36.49%
Augmented Payout Ratio	30.57%	113.40%	36.49%

This table displays calculated financial ratios and metrics derived from Shore Bancshares' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.55%	27.30%	8.86%	-8.75%	85.57%	49.61%	53.89%	82.02%	-16.59%	7.72%
EBITDA Growth	113.71%	132.31%	10.10%	-33.75%	-167.40%	41.07%	39.93%	48.23%	351.27%	18.70%
EBIT Growth	108.59%	184.30%	17.87%	-45.72%	-212.56%	27.76%	19.17%	172.08%	201.62%	25.05%
NOPAT Growth	109.23%	208.74%	15.04%	-46.42%	-206.75%	24.78%	26.75%	179.59%	208.53%	26.62%
Net Income Growth	109.23%	208.74%	15.04%	-46.42%	-200.82%	24.78%	26.75%	179.59%	214.91%	26.62%
EPS Growth	25.64%	320.00%	14.29%	-47.37%	-159.18%	-54.76%	-21.88%	70.00%	217.24%	105.26%
Operating Cash Flow Growth	39.20%	111.21%	-55.47%	-103.19%	-442.44%	1,294.74%	-78.73%	631.75%	137.70%	-10.12%
Free Cash Flow Firm Growth	-23,841.46%	83.08%	28.60%	-58.33%	-1.61%	-303.49%	65.36%	106.24%	58.59%	46.25%
Invested Capital Growth	78.65%	9.72%	32.48%	68.18%	39.83%	30.50%	9.60%	-0.84%	14.49%	13.87%
Revenue Q/Q Growth	7.25%	0.44%	-5.50%	-10.36%	118.10%	-19.03%	-2.80%	6.03%	-0.06%	4.58%
EBITDA Q/Q Growth	41.51%	-14.96%	-20.56%	-30.70%	-243.95%	278.00%	-21.20%	-26.59%	144.02%	-15.92%
EBIT Q/Q Growth	28.83%	-13.22%	-21.69%	-38.00%	-367.15%	198.50%	-26.95%	41.55%	-0.23%	21.21%
NOPAT Q/Q Growth	28.79%	-12.95%	-23.20%	-37.77%	-356.59%	201.75%	-21.98%	37.27%	-0.40%	18.71%
Net Income Q/Q Growth	28.79%	-12.95%	-23.20%	-37.77%	-342.33%	207.73%	-21.98%	37.27%	-0.40%	18.71%
EPS Q/Q Growth	28.95%	-14.29%	-23.81%	-37.50%	-245.00%	165.52%	31.58%	36.00%	0.00%	14.71%
Operating Cash Flow Q/Q Growth	-60.73%	-63.11%	333.87%	-105.08%	-4,111.40%	250.25%	-93.38%	26.98%	198.58%	258.22%
Free Cash Flow Firm Q/Q Growth	0.71%	81.74%	-300.53%	-118.02%	36.28%	27.48%	65.51%	139.24%	-523.14%	5.88%
Invested Capital Q/Q Growth	1.10%	9.05%	19.88%	27.24%	-15.94%	1.78%	0.75%	15.11%	-2.94%	1.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	47.84%	40.50%	34.05%	26.32%	-17.37%	38.19%	30.96%	21.44%	52.34%	42.09%
EBIT Margin	40.07%	34.62%	28.69%	19.84%	-24.30%	29.56%	22.22%	29.66%	29.61%	34.32%
Profit (Net Income) Margin	29.57%	25.63%	20.83%	14.46%	-16.07%	21.38%	17.16%	22.21%	22.13%	25.12%
Tax Burden Percent	73.81%	74.04%	72.62%	72.88%	66.11%	72.31%	77.23%	74.89%	74.76%	73.22%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	26.19%	25.96%	27.38%	27.12%	0.00%	27.69%	22.77%	25.11%	25.24%	26.78%
Return on Invested Capital (ROIC)	10.85%	7.46%	5.62%	3.30%	-5.26%	6.98%	5.65%	6.80%	7.12%	8.12%
ROIC Less NNEP Spread (ROIC-NNEP)	10.85%	7.46%	5.62%	3.30%	-4.35%	6.98%	5.65%	6.80%	7.12%	8.12%
Return on Net Nonoperating Assets (RNNOA)	1.57%	1.46%	1.79%	1.72%	-0.63%	1.24%	1.59%	3.63%	1.35%	1.52%
Return on Equity (ROE)	12.42%	8.92%	7.41%	5.02%	-5.90%	8.23%	7.25%	10.43%	8.47%	9.63%
Cash Return on Invested Capital (CROIC)	-48.48%	-1.98%	-21.14%	-45.60%	-31.35%	-24.29%	-6.86%	3.82%	-6.83%	-5.94%
Operating Return on Assets (OROA)	1.65%	1.24%	1.03%	0.70%	-0.81%	1.05%	0.88%	1.30%	1.01%	1.13%
Return on Assets (ROA)	1.22%	0.92%	0.75%	0.51%	-0.53%	0.76%	0.68%	0.97%	0.75%	0.83%
Return on Common Equity (ROCE)	12.42%	8.92%	7.41%	5.02%	-5.90%	8.23%	7.25%	10.43%	8.47%	9.63%
Return on Equity Simple (ROE_SIMPLE)	7.14%	0.00%	8.85%	7.86%	1.82%	0.00%	2.51%	3.86%	7.71%	0.00%
Net Operating Profit after Tax (NOPAT)	9.66	8.41	6.46	4.02	-10	10	8.18	11	11	13
NOPAT Margin	29.57%	25.63%	20.83%	14.46%	-17.01%	21.38%	17.16%	22.21%	22.13%	25.12%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	-0.92%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	37.82%	39.95%	40.76%	45.96%	32.44%	63.29%	37.82%	38.78%	38.65%	65.94%
Operating Expenses to Revenue	57.87%	64.01%	67.40%	77.76%	77.81%	68.61%	76.93%	66.23%	67.49%	64.21%
Earnings before Interest and Taxes (EBIT)	13	11	8.89	5.51	-15	15	11	15	15	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	16	13	11	7.32	-11	19	15	11	26	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.89	0.74	0.60	0.67	0.88	0.73	0.72	0.87	0.97
Price to Tangible Book Value (P/TBV)	1.10	1.09	0.91	0.74	0.86	1.13	0.92	0.90	1.09	1.19
Price to Revenue (P/Rev)	2.70	2.60	2.10	1.76	2.20	2.68	2.02	1.81	2.36	2.60
Price to Earnings (P/E)	12.43	10.36	8.34	7.65	36.57	40.18	28.89	18.68	11.34	11.95
Dividend Yield	3.01%	3.69%	4.47%	5.46%	7.13%	3.53%	4.26%	4.23%	3.43%	3.05%
Earnings Yield	8.05%	9.65%	11.99%	13.06%	2.73%	2.49%	3.46%	5.35%	8.82%	8.37%
Enterprise Value to Invested Capital (EV/IC)	0.50	0.78	0.75	0.72	0.52	0.26	0.57	0.58	0.62	0.28
Enterprise Value to Revenue (EV/Rev)	1.76	2.82	3.18	3.96	1.96	0.90	1.79	1.88	2.05	0.93
Enterprise Value to EBITDA (EV/EBITDA)	4.92	7.08	8.00	10.51	14.44	5.81	10.97	11.58	5.73	2.53
Enterprise Value to EBIT (EV/EBIT)	5.94	8.32	9.29	12.66	26.99	10.68	20.91	15.43	7.37	3.21
Enterprise Value to NOPAT (EV/NOPAT)	8.10	11.24	12.61	17.23	32.56	13.49	25.65	19.42	9.88	4.29
Enterprise Value to Operating Cash Flow (EV/OCF)	7.66	6.66	10.45	24.29	0.00	6.67	23.94	22.40	8.03	4.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.10	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.23	0.48	0.88	0.14	0.14	0.14	0.29	0.23	0.23
Long-Term Debt to Equity	0.15	0.23	0.48	0.88	0.14	0.14	0.14	0.29	0.23	0.23
Financial Leverage	0.15	0.20	0.32	0.52	0.15	0.18	0.28	0.53	0.19	0.19
Leverage Ratio	10.21	9.70	9.88	9.90	10.66	10.84	10.70	10.73	11.23	11.63
Compound Leverage Factor	10.21	9.70	9.88	9.90	10.66	10.84	10.70	10.73	11.23	11.63
Debt to Total Capital	12.92%	18.57%	32.57%	46.78%	12.56%	12.45%	12.34%	22.73%	18.80%	18.61%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	12.92%	18.57%	32.57%	46.78%	12.56%	12.45%	12.34%	22.73%	18.80%	18.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.08%	81.43%	67.43%	53.22%	87.44%	87.55%	87.66%	77.27%	81.20%	81.39%
Debt to EBITDA	1.26	1.68	3.46	6.82	3.49	2.79	2.39	4.55	1.74	1.66
Net Debt to EBITDA	-2.63	0.56	2.71	5.84	-1.78	-11.49	-1.39	0.44	-0.85	-4.52
Long-Term Debt to EBITDA	1.26	1.68	3.46	6.82	3.49	2.79	2.39	4.55	1.74	1.66
Debt to NOPAT	2.08	2.66	5.45	11.19	7.88	6.47	5.60	7.63	3.00	2.82
Net Debt to NOPAT	-4.33	0.88	4.28	9.58	-4.01	-26.70	-3.24	0.74	-1.46	-7.66
Long-Term Debt to NOPAT	2.08	2.66	5.45	11.19	7.88	6.47	5.60	7.63	3.00	2.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-171	-31	-125	-273	-174	-126	-43	17	-72	-68
Operating Cash Flow to CapEx	1,192.18%	1,834.04%	1,812.60%	-49.61%	-1,272.80%	1,568.17%	134.63%	191.11%	1,483.61%	10,491.59%
Free Cash Flow to Firm to Interest Expense	-52.42	-5.85	-13.30	-19.28	-6.78	-4.25	-1.44	0.55	-2.29	-2.09
Operating Cash Flow to Interest Expense	2.15	0.48	1.19	-0.04	-0.94	1.22	0.08	0.10	0.29	1.00
Operating Cash Flow Less CapEx to Interest Expense	1.97	0.46	1.13	-0.12	-1.01	1.14	0.02	0.05	0.27	0.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.03	0.04	0.04	0.04	0.03	0.03
Fixed Asset Turnover	2.96	2.41	2.47	2.41	2.28	2.52	2.77	3.12	2.43	2.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	410	447	536	682	574	584	588	677	657	665
Invested Capital Turnover	0.37	0.29	0.27	0.23	0.31	0.33	0.33	0.31	0.32	0.32
Increase / (Decrease) in Invested Capital	181	40	131	277	163	136	51	-5.76	83	81
Enterprise Value (EV)	207	351	404	492	298	151	332	392	406	188
Market Capitalization	317	323	267	218	334	451	374	377	466	524
Book Value per Share	$18.00	$18.34	$18.17	$18.25	$15.14	$15.42	$15.51	$15.74	$16.01	$16.24
Tangible Book Value per Share	$14.51	$14.88	$14.74	$14.84	$11.70	$12.06	$12.24	$12.54	$12.89	$13.19
Total Capital	410	447	536	682	574	584	588	677	657	665
Total Debt	53	83	175	319	72	73	73	154	123	124
Total Long-Term Debt	53	83	175	319	72	73	73	154	123	124
Net Debt	-110	28	137	273	-37	-300	-42	15	-60	-336
Capital Expenditures (CapEx)	0.59	0.14	0.62	1.15	1.89	2.30	1.77	1.59	0.61	0.31
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	-0.57	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	53	83	175	319	72	73	73	154	123	124
Total Depreciation and Amortization (D&A)	2.54	1.93	1.66	1.80	4.20	4.24	4.17	-4.16	11	4.11
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.49	$0.42	$0.32	$0.20	($0.29)	$0.19	$0.25	$0.34	$0.34	$0.39
Adjusted Weighted Average Basic Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Adjusted Diluted Earnings per Share	$0.49	$0.42	$0.32	$0.20	($0.29)	$0.19	$0.25	$0.34	$0.34	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.86M	19.90M	19.90M	33.12M	33.15M	33.21M	33.21M	33.32M	33.33M	33.35M
Normalized Net Operating Profit after Tax (NOPAT)	9.78	9.12	6.96	4.89	0.10	11	8.18	11	11	13
Normalized NOPAT Margin	29.93%	27.81%	22.45%	17.60%	0.16%	22.26%	17.16%	22.21%	22.13%	25.12%
Pre Tax Income Margin	40.07%	34.62%	28.69%	19.84%	-24.30%	29.56%	22.22%	29.66%	29.61%	34.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.01	2.13	0.95	0.39	-0.57	0.49	0.35	0.48	0.48	0.56
NOPAT to Interest Expense	2.96	1.58	0.69	0.28	-0.40	0.35	0.27	0.36	0.36	0.41
EBIT Less CapEx to Interest Expense	3.83	2.10	0.88	0.31	-0.65	0.41	0.29	0.43	0.46	0.55
NOPAT Less CapEx to Interest Expense	2.78	1.55	0.62	0.20	-0.48	0.28	0.21	0.31	0.34	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.36%	30.57%	29.78%	33.44%	121.77%	113.40%	110.61%	79.07%	38.92%	36.49%
Augmented Payout Ratio	37.36%	30.57%	29.78%	33.44%	121.77%	113.40%	110.61%	79.07%	38.92%	36.49%

Frequently Asked Questions About Shore Bancshares' Financials

When does Shore Bancshares's fiscal year end?

According to the most recent income statement we have on file, Shore Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Shore Bancshares' net income changed over the last 2 years?

Shore Bancshares' net income appears to be on an upward trend, with a most recent value of $43.89 million in 2024, rising from $31.18 million in 2022. The previous period was $11.23 million in 2023. View Shore Bancshares' forecast to see where analysts expect Shore Bancshares to go next.

How has Shore Bancshares revenue changed over the last 2 years?

Over the last 2 years, Shore Bancshares' total revenue changed from $124.39 million in 2022 to $201.70 million in 2024, a change of 62.2%.

How much debt does Shore Bancshares have?

Shore Bancshares' total liabilities were at $5.69 billion at the end of 2024, a 3.5% increase from 2023, and a 82.8% increase since 2022.

How much cash does Shore Bancshares have?

In the past 2 years, Shore Bancshares' cash and equivalents has ranged from $37.66 million in 2022 to $63.17 million in 2023, and is currently $44.01 million as of their latest financial filing in 2024.

How has Shore Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Shore Bancshares' book value per share changed from 18.34 in 2022 to 16.24 in 2024, a change of -11.5%.

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This page (NASDAQ:SHBI) was last updated on 5/6/2025 by MarketBeat.com Staff

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Shore Bancshares (SHBI) Financials

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Shore Bancshares (SHBI) Financials

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