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Shore Bancshares (SHBI) Financials

Shore Bancshares logo
$14.48 -0.24 (-1.63%)
Closing price 05/28/2025 04:00 PM Eastern
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$14.76 +0.28 (+1.93%)
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Annual Income Statements for Shore Bancshares

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

Quarterly Income Statements for Shore Bancshares

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

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

Annual Cash Flow Statements for Shore Bancshares

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

Quarterly Cash Flow Statements for Shore Bancshares

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

Annual Balance Sheets for Shore Bancshares

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

Quarterly Balance Sheets for Shore Bancshares

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

Annual Metrics And Ratios for Shore Bancshares

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

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

Quarterly Metrics And Ratios for Shore Bancshares

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

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

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 5/29/2025 by MarketBeat.com Staff
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