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Shore Bancshares (SHBI) Financials

Shore Bancshares logo
$21.38 +0.39 (+1.86%)
Closing price 04:00 PM Eastern
Extended Trading
$21.40 +0.02 (+0.07%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 7.11 9.64 11 25 16 16 15 31 11 44 60
Consolidated Net Income / (Loss)		 7.11 9.64 11 25 16 16 15 31 11 44 60
Net Income / (Loss) Continuing Operations		 7.11 9.64 9.23 16 16 16 15 31 11 44 60
Total Pre-Tax Income 		12 16 18 21 22 21 21 42 14 59 79
Total Revenue		 51 55 54 60 60 63 78 124 168 202 225
Net Interest Income / (Expense)		 36 38 46 51 50 53 64 101 135 171 192
Total Interest Income		 39 41 48 56 60 60 70 114 214 295 310
Loans and Leases Interest Income		 35 37 44 51 55 56 65 99 194 270 281
Investment Securities Interest Income		 3.61 3.20 4.01 4.29 3.58 3.00 5.01 12 17 19 20
Deposits and Money Market Investments Interest Income		 0.13 0.29 0.33 0.29 0.79 0.26 0.37 3.21 2.77 6.24 9.02
Federal Funds Sold and Securities Borrowed Interest Income		 0.00 0.01 - - - - - 0.00 0.09 0.00 0.00
Total Interest Expense		 3.35 2.40 2.27 5.27 9.64 7.08 6.04 13 79 125 118
Deposits Interest Expense		 3.33 2.39 2.24 3.53 8.73 6.44 4.46 9.98 69 115 109
Short-Term Borrowings Interest Expense		 0.02 0.01 0.03 1.64 0.48 0.01 0.01 0.07 5.52 2.13 2.09
Long-Term Debt Interest Expense		 - - - 0.11 0.43 0.64 1.57 2.49 4.45 7.36 6.36
Total Non-Interest Income		 15 17 8.20 9.01 10 11 13 23 33 31 33
Trust Fees by Commissions		 1.63 1.44 1.53 1.56 1.52 1.56 1.88 1.78 3.61 3.37 3.71
Service Charges on Deposit Accounts		 - - - 3.88 3.91 2.84 3.40 5.65 5.50 6.15 6.30
Other Service Charges		 14 15 6.66 3.58 4.59 3.00 3.06 4.29 3.01 6.25 5.62
Net Realized & Unrealized Capital Gains on Investments		 - 0.23 0.01 - 0.00 0.35 0.00 0.00 8.82 0.00 0.00
Other Non-Interest Income		 - - - - - 3.01 5.16 11 12 15 17
Provision for Credit Losses		 2.08 1.85 2.29 1.67 0.70 3.90 -0.36 1.93 31 4.74 8.38
Total Non-Interest Expense		 37 37 34 37 38 38 57 80 123 138 138
Salaries and Employee Benefits		 18 18 15 17 15 15 21 36 57 67 71
Net Occupancy & Equipment Expense		 6.61 6.91 6.80 6.90 7.66 8.43 10 15 23 31 33
Marketing Expense		 - - - - - - - - 1.09 1.32 1.32
Property & Liability Insurance Claims		 3.59 2.57 2.85 2.75 2.57 2.78 2.76 4.27 7.82 10 8.82
Other Operating Expenses		 9.19 9.40 8.40 9.78 11 12 13 21 11 20 15
Amortization Expense		 0.13 0.13 0.23 0.87 0.61 0.53 0.73 1.99 6.11 9.78 8.59
Restructuring Charge		 - - - - - 0.00 8.53 2.10 17 0.00 0.00
Income Tax Expense		 4.41 6.26 8.73 5.38 5.61 5.32 5.81 11 2.96 15 19
Basic Earnings per Share		 $0.56 $0.76 $0.89 $1.96 $1.27 $1.27 $1.17 $1.57 $0.42 $1.32 $1.78
Weighted Average Basic Shares Outstanding		 12.63M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Diluted Earnings per Share		 $0.56 $0.76 $0.89 $1.96 $1.27 $1.27 $1.17 $1.57 $0.42 $1.32 $1.78
Weighted Average Diluted Shares Outstanding		 12.63M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Weighted Average Basic & Diluted Shares Outstanding		 12.63M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Cash Dividends to Common per Share		 $0.04 $0.14 $0.22 $0.32 $0.42 $0.48 $0.48 $0.48 $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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -9.74 10 8.18 11 11 13 14 16 14 16 17
Consolidated Net Income / (Loss)		 -9.74 10 8.18 11 11 13 14 16 14 16 17
Net Income / (Loss) Continuing Operations		 -9.74 10 8.18 11 11 13 14 16 14 16 17
Total Pre-Tax Income 		-15 15 11 15 15 18 18 21 19 21 23
Total Revenue		 61 49 48 51 51 53 53 57 56 59 60
Net Interest Income / (Expense)		 46 42 41 42 43 44 46 47 49 50 53
Total Interest Income		 71 71 71 73 75 76 76 77 77 80 78
Loans and Leases Interest Income		 65 66 66 67 69 67 68 70 71 72 71
Investment Securities Interest Income		 5.07 4.00 4.43 5.24 4.97 4.84 5.01 5.34 5.04 5.02 5.12
Deposits and Money Market Investments Interest Income		 1.21 1.22 0.96 0.58 0.56 4.14 3.41 1.59 1.22 2.81 2.46
Total Interest Expense		 26 30 30 31 31 32 30 29 29 30 26
Deposits Interest Expense		 23 28 28 28 29 30 28 27 26 27 24
Short-Term Borrowings Interest Expense		 0.69 0.02 0.06 1.58 0.49 - 0.60 0.61 0.64 0.84 0.00
Long-Term Debt Interest Expense		 1.46 1.46 1.45 1.80 2.08 2.03 1.37 1.39 1.42 1.58 1.57
Total Non-Interest Income		 15 7.55 6.57 8.44 7.29 8.85 7.13 9.32 7.70 8.67 7.24
Trust Fees by Commissions		 1.93 0.84 0.73 0.90 0.88 0.86 0.82 0.94 0.90 1.04 1.14
Service Charges on Deposit Accounts		 1.51 1.52 1.51 1.49 1.54 1.61 1.51 1.52 1.60 1.66 1.60
Other Service Charges		 1.87 2.86 1.94 2.35 1.98 2.40 1.98 2.69 2.07 -0.99 1.36
Other Non-Interest Income		 3.02 -0.65 1.68 2.57 2.89 -1.03 2.82 2.84 3.14 9.24 3.15
Provision for Credit Losses		 28 0.90 0.41 2.08 1.47 0.78 1.03 1.53 2.99 2.83 0.09
Total Non-Interest Expense		 47 34 37 33 34 34 34 34 34 35 37
Salaries and Employee Benefits		 14 25 16 17 17 28 16 18 19 19 20
Net Occupancy & Equipment Expense		 5.48 5.88 7.34 7.55 7.68 6.64 8.08 8.09 8.45 8.45 8.56
Marketing Expense		 - - - - - - 0.25 - - - 0.31
Property & Liability Insurance Claims		 1.84 3.14 2.75 2.44 2.52 2.54 2.70 2.25 1.78 2.08 2.60
Other Operating Expenses		 8.16 -3.73 8.08 4.04 5.05 -5.75 3.99 4.06 3.46 3.06 3.96
Amortization Expense		 2.63 2.60 2.58 2.57 2.34 2.30 2.28 2.27 2.04 2.00 1.98
Income Tax Expense		 -4.99 4.02 2.41 3.77 3.78 4.86 4.49 5.13 4.64 4.89 5.57
Basic Earnings per Share		 ($0.29) $0.19 $0.25 $0.34 $0.34 $0.39 $0.41 $0.46 $0.43 $0.48 $0.51
Weighted Average Basic Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
Diluted Earnings per Share		 ($0.29) $0.19 $0.25 $0.34 $0.34 $0.39 $0.41 $0.46 $0.43 $0.48 $0.51
Weighted Average Diluted Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
Weighted Average Basic & Diluted Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
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 $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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -22 2.13 -44 35 28 92 397 -528 317 87 -104
Net Cash From Operating Activities		 15 19 20 18 14 18 -7.50 53 23 47 62
Net Cash From Continuing Operating Activities		 15 19 20 18 14 18 -7.50 53 23 47 62
Net Income / (Loss) Continuing Operations		 7.11 9.64 11 25 16 16 15 31 11 44 60
Consolidated Net Income / (Loss)		 7.11 9.64 11 25 16 16 15 31 11 44 60
Provision For Loan Losses		 2.08 1.85 2.29 1.67 0.70 3.90 -0.36 1.93 31 4.74 8.38
Depreciation Expense		 2.43 2.45 1.65 2.30 2.39 2.48 3.09 5.86 11 16 15
Amortization Expense		 -0.10 -0.02 0.31 -0.03 0.51 0.55 1.70 1.54 0.96 -0.42 -12
Non-Cash Adjustments to Reconcile Net Income		 4.35 6.19 5.76 -14 -0.15 -3.45 -28 22 -18 -18 -13
Changes in Operating Assets and Liabilities, net		 -0.75 -1.08 -1.75 3.04 -5.91 -0.78 1.03 -9.66 -13 0.91 3.60
Net Cash From Investing Activities		 -65 -34 -72 -42 -46 -280 38 -582 172 -135 -118
Net Cash From Continuing Investing Activities		 -65 -34 -72 -42 -46 -280 38 -582 172 -135 -118
Purchase of Property, Leasehold Improvements and Equipment		 -1.52 -0.70 -1.26 -1.13 -2.24 -2.38 -3.45 -2.45 -5.95 -5.22 -3.17
Purchase of Investment Securities		 -135 -102 -187 -106 -83 -337 -346 -654 -386 -286 -223
Sale of Property, Leasehold Improvements and Equipment		 - - - - 0.00 0.00 0.00 0.00 0.72 0.95 0.84
Divestitures		 - - 64 - - - - - - - 0.00
Sale and/or Maturity of Investments		 71 69 52 65 40 59 81 75 538 156 107
Net Cash From Financing Activities		 28 17 8.66 60 60 354 366 0.81 122 175 -48
Net Cash From Continuing Financing Activities		 28 17 8.66 60 60 354 366 0.81 122 175 -48
Net Change in Deposits		 26 22 -7.08 9.83 129 359 370 -16 243 141 3.30
Issuance of Debt		 1.86 - 19 54 0.00 24 3.09 36 -109 50 8.86
Issuance of Common Equity		 - 0.05 - - - - 0.01 0.39 0.39 0.38 0.08
Repayment of Debt		 - -3.47 - - -60 -15 0.00 -10 0.00 0.00 -45
Payment of Dividends		 -0.51 -1.77 -2.79 -4.08 -5.35 -5.95 -6.61 -9.53 -13 -16 -16
Cash Interest Paid		 3.41 2.43 2.37 5.01 10 6.83 6.01 13 74 124 115
Cash Income Taxes Paid		 0.52 0.44 3.90 5.37 12 7.94 6.25 12 7.29 0.00 15

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 63 264 -258 24 45 276 -71 -204 232 -61 -15
Net Cash From Operating Activities		 -24 36 2.39 3.03 9.05 32 20 -8.34 42 8.48 32
Net Cash From Continuing Operating Activities		 -24 36 2.39 3.03 9.05 32 20 -8.34 42 8.48 32
Net Income / (Loss) Continuing Operations		 -9.74 10 8.18 11 11 13 14 16 14 16 17
Consolidated Net Income / (Loss)		 -9.74 10 8.18 11 11 13 14 16 14 16 17
Provision For Loan Losses		 28 0.90 0.41 2.08 1.47 0.78 1.03 1.53 2.99 2.83 0.09
Depreciation Expense		 4.10 4.09 4.10 4.12 3.82 4.00 4.08 4.05 3.62 3.59 3.58
Amortization Expense		 0.10 0.14 0.07 -8.28 7.67 0.11 0.07 0.06 0.05 -12 0.00
Non-Cash Adjustments to Reconcile Net Income		 -20 6.80 -7.11 -7.79 -7.61 4.28 0.36 -22 10 -1.10 5.47
Changes in Operating Assets and Liabilities, net		 -26 14 -3.27 1.66 -7.49 9.97 0.49 -7.40 11 -0.71 5.35
Net Cash From Investing Activities		 396 -44 -54 -20 -5.94 -54 -18 -45 -21 -34 30
Net Cash From Continuing Investing Activities		 396 -44 -54 -20 -5.94 -54 -18 -45 -21 -34 30
Purchase of Property, Leasehold Improvements and Equipment		 -1.89 -2.30 -1.77 -1.59 -0.61 -1.26 -1.02 -0.88 -0.59 -0.68 -1.09
Purchase of Investment Securities		 -104 -62 -71 -98 -46 -70 -34 -66 -55 -67 4.79
Sale of Property, Leasehold Improvements and Equipment		 - - 0.00 - - 0.95 0.84 - - - 0.00
Sale and/or Maturity of Investments		 477 20 19 80 41 16 16 22 35 34 27
Net Cash From Financing Activities		 -309 272 -206 41 42 298 -72 -151 210 -35 -77
Net Cash From Continuing Financing Activities		 -309 272 -206 41 42 298 -72 -151 210 -35 -77
Net Change in Deposits		 40 276 -202 -36 77 302 -68 -147 214 4.52 -72
Issuance of Common Equity		 0.08 0.11 0.10 0.12 0.10 0.06 0.00 - - 0.08 0.09
Payment of Dividends		 -3.98 -3.98 -3.98 -4.01 -4.02 -4.00 -4.03 -4.01 -4.06 -4.00 -4.03
Other Financing Activities, Net		 - - - - - - 0.00 - - - -0.54
Cash Interest Paid		 25 27 31 30 31 32 29 29 28 29 25

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,135 1,160 1,394 1,483 1,559 1,933 3,460 3,477 6,011 6,231 6,259
Cash and Due from Banks		 15 15 22 16 18 17 17 38 63 44 50
Interest Bearing Deposits at Other Banks		 54 61 10 51 77 170 567 18 309 416 305
Trading Account Securities		 216 171 203 168 137 210 527 96 134 175 245
Loans and Leases, Net of Allowance		 787 863 1,084 1,185 1,238 1,440 2,105 2,539 4,584 4,714 4,841
Loans and Leases		 795 872 1,094 1,195 1,249 1,454 2,119 2,556 4,641 4,772 4,900
Allowance for Loan and Lease Losses		 8.32 8.73 9.78 10 11 14 14 17 57 58 59
Loans Held for Sale		 - - - - - - 2,143 4.25 8.78 20 33
Premises and Equipment, Net		 17 17 23 23 24 25 52 51 82 82 80
Goodwill		 12 12 18 18 18 18 63 63 63 63 63
Intangible Assets		 1.21 1.08 3.72 2.86 2.25 1.72 7.54 5.55 48 38 30
Other Assets		 28 21 31 20 45 52 84 662 718 679 612
Total Liabilities & Shareholders' Equity		 1,135 1,160 1,394 1,483 1,559 1,933 3,460 3,477 6,011 6,231 6,259
Total Liabilities		 988 1,006 1,230 1,300 1,366 1,738 3,109 3,113 5,500 5,690 5,669
Non-Interest Bearing Deposits		 230 262 328 330 357 509 927 862 1,258 1,563 1,588
Interest Bearing Deposits		 746 736 874 882 985 1,192 2,099 2,148 4,128 3,966 3,946
Long-Term Debt		 - - - 15 15 24 53 83 73 124 89
Other Long-Term Liabilities		 6.04 5.28 5.61 12 8.87 12 26 20 41 38 46
Commitments & Contingencies		 - - 0.00 0.00 0.00 - 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 147 154 164 183 193 195 351 364 511 541 590
Total Preferred & Common Equity		 147 154 164 183 193 195 351 364 511 541 590
Total Common Equity		 147 154 164 183 193 195 351 364 511 541 590
Common Stock		 64 64 65 66 61 52 201 202 356 358 361
Retained Earnings		 83 91 100 121 131 141 150 172 162 190 234
Accumulated Other Comprehensive Income / (Loss)		 -0.07 -0.99 -1.31 -2.95 0.21 1.53 0.06 -9.02 -7.49 -7.55 -4.59

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 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 3,447 3,554 3,642 5,705 5,826 5,864 5,918 6,177 6,038 6,278 6,206
Cash and Due from Banks		 34 24 35 68 43 50 52 47 55 62 44
Interest Bearing Deposits at Other Banks		 129 14 10 41 71 89 131 342 130 354 297
Trading Account Securities		 668 98 101 98 203 159 160 206 214 208 288
Loans and Leases, Net of Allowance		 2,386 2,640 -29 -57 -57 4,647 4,675 4,719 4,769 4,823 4,790
Loans and Leases		 2,402 2,669 0.00 - - 4,706 4,734 4,777 4,828 4,883 4,848
Allowance for Loan and Lease Losses		 16 28 29 57 57 58 59 58 58 60 58
Loans Held for Sale		 8.34 3.51 6.85 15 14 28 27 16 34 22 24
Premises and Equipment, Net		 52 51 51 81 83 82 82 82 81 81 80
Goodwill		 63 63 63 63 63 63 63 63 63 63 63
Intangible Assets		 6.01 5.11 4.67 51 46 43 41 36 34 32 28
Other Assets		 100 3,296 3,398 5,289 5,302 703 687 666 657 633 592
Total Liabilities & Shareholders' Equity		 3,447 3,554 3,642 5,705 5,826 5,864 5,918 6,177 6,038 6,278 6,206
Total Liabilities		 3,090 3,192 3,278 5,204 5,310 5,341 5,384 5,624 5,473 5,701 5,603
Non-Interest Bearing Deposits		 894 809 779 1,211 1,201 1,587 1,571 1,565 1,575 1,594 1,567
Interest Bearing Deposits		 2,122 2,186 2,159 3,897 3,984 3,562 3,654 3,895 3,739 3,934 3,894
Long-Term Debt		 53 175 319 72 73 154 123 124 124 124 89
Other Long-Term Liabilities		 21 23 22 23 54 39 35 40 34 49 53
Commitments & Contingencies		 0.00 0.00 0.00 - - - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 357 362 363 502 515 523 533 552 565 577 603
Total Preferred & Common Equity		 357 362 363 502 515 523 533 552 565 577 603
Total Common Equity		 357 362 363 502 515 523 533 552 565 577 603
Common Stock		 201 202 202 356 357 357 358 359 359 360 361
Retained Earnings		 166 168 169 156 166 174 181 200 211 222 247
Accumulated Other Comprehensive Income / (Loss)		 -9.78 -8.16 -8.56 -10 -8.06 -8.26 -5.53 -6.33 -5.60 -4.76 -5.27

Annual Metrics And Ratios for Shore Bancshares

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 12,631,160.00 12,664,797.00 12,688,224.00 12,749,497.00 12,687,972.00 12,034,530.00 19,805,801.00 - - - 33,426,756.00
DEI Adjusted Shares Outstanding		 12,631,160.00 12,664,797.00 12,688,224.00 12,749,497.00 12,687,972.00 12,034,530.00 19,805,801.00 - - - 33,426,756.00
DEI Earnings Per Adjusted Shares Outstanding		 0.56 0.76 0.89 1.96 1.28 1.31 0.78 - - - 1.78
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.23% 7.76% -1.83% 10.68% 0.84% 5.31% 22.55% 60.24% 35.44% 19.73% 11.59%
EBITDA Growth		 33.65% 32.31% 8.71% 17.51% 5.93% -2.92% 7.86% 90.77% -47.35% 184.94% 10.53%
EBIT Growth		 41.96% 38.06% 12.96% 17.73% 3.55% -3.87% 0.63% 98.97% -66.34% 313.87% 33.99%
NOPAT Growth		 40.72% 35.59% -4.29% 70.87% 3.31% -3.40% -2.30% 102.87% -63.99% 290.89% 35.58%
Net Income Growth		 40.72% 35.59% 16.85% 121.96% -35.20% -2.89% -2.30% 102.87% -63.99% 290.89% 35.58%
EPS Growth		 21.74% 35.71% 17.11% 120.22% -35.20% 0.00% -7.87% 34.19% -73.25% 214.29% 34.85%
Operating Cash Flow Growth		 14.71% 25.82% 2.62% -6.28% -24.89% 34.10% -140.71% 801.68% -56.86% 106.43% 33.07%
Free Cash Flow Firm Growth		 95.32% 560.53% -424.55% -208.19% 214.70% -93.57% -4,134.44% 95.09% -1,382.41% 70.38% 222.28%
Invested Capital Growth		 5.76% 2.51% 17.76% 39.64% -19.29% 5.49% 84.91% 9.72% 30.50% 13.87% 2.13%
Revenue Q/Q Growth		 1.64% 2.03% -11.06% 14.42% 1.04% 2.18% 13.04% 5.99% 10.69% 1.92% 2.85%
EBITDA Q/Q Growth		 12.73% 5.08% -3.66% 7.22% 1.47% 1.12% -2.59% 18.03% 26.46% 4.95% -10.74%
EBIT Q/Q Growth		 15.66% 5.80% -3.61% 7.40% 1.16% -0.97% -5.41% 21.16% 28.57% 6.60% 3.47%
NOPAT Q/Q Growth		 15.18% 3.57% -16.58% 25.39% 1.00% -0.81% -7.04% 22.30% 22.78% 6.79% 4.58%
Net Income Q/Q Growth		 15.18% 3.57% 1.84% 60.23% -33.28% -0.81% -7.04% 22.30% 22.78% 6.79% 4.58%
EPS Q/Q Growth		 19.15% 4.11% 1.14% 60.66% 0.00% 0.00% -15.83% 25.60% -35.38% 17.86% 5.33%
Operating Cash Flow Q/Q Growth		 7.72% 6.15% -1.51% 2.65% -11.47% 31.11% -130.71% 95.12% 310.91% -7.22% -27.73%
Free Cash Flow Firm Q/Q Growth		 -138.79% 214.20% -376.57% 46.90% -12.08% -76.05% -1,634.39% 94.55% 18.82% 11.73% 280.27%
Invested Capital Q/Q Growth		 0.83% -1.46% 13.01% -9.27% -7.60% -1.69% 77.56% 9.05% 1.78% 1.23% -3.24%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 27.19% 33.38% 36.97% 39.25% 41.23% 38.01% 33.45% 39.83% 15.48% 36.85% 36.50%
EBIT Margin		 22.61% 28.96% 33.33% 35.45% 36.40% 33.23% 27.28% 33.88% 8.42% 29.11% 34.95%
Profit (Net Income) Margin		 13.95% 17.56% 20.90% 41.91% 26.93% 24.83% 19.80% 25.06% 6.66% 21.76% 26.44%
Tax Burden Percent		 61.72% 60.62% 62.71% 118.23% 73.98% 74.74% 72.56% 73.98% 79.16% 74.76% 75.65%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 38.28% 39.38% 48.63% 25.45% 25.62% 25.26% 27.44% 26.02% 20.84% 25.24% 24.35%
Return on Invested Capital (ROIC)		 4.76% 6.20% 5.38% 7.09% 6.96% 7.32% 4.89% 7.29% 2.18% 7.03% 8.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.76% 6.20% 21.72% 26.03% 6.77% 7.32% 4.89% 7.29% 2.18% 7.03% 8.86%
Return on Net Nonoperating Assets (RNNOA)		 0.19% 0.20% 1.70% 7.32% 1.66% 0.79% 0.74% 1.43% 0.39% 1.31% 1.67%
Return on Equity (ROE)		 4.95% 6.40% 7.08% 14.41% 8.62% 8.11% 5.63% 8.72% 2.57% 8.34% 10.52%
Cash Return on Invested Capital (CROIC)		 -0.84% 3.71% -10.93% -25.99% 28.31% 1.98% -54.71% -1.98% -24.29% -5.94% 6.75%
Operating Return on Assets (OROA)		 1.03% 1.39% 1.41% 1.47% 1.44% 1.21% 0.79% 1.21% 0.30% 0.96% 1.26%
Return on Assets (ROA)		 0.64% 0.84% 0.88% 1.74% 1.06% 0.90% 0.57% 0.90% 0.24% 0.72% 0.95%
Return on Common Equity (ROCE)		 4.95% 6.40% 7.08% 14.41% 8.62% 8.11% 5.63% 8.72% 2.57% 8.34% 10.52%
Return on Equity Simple (ROE_SIMPLE)		 4.84% 6.25% 6.88% 13.65% 8.40% 8.07% 4.38% 8.56% 2.20% 8.11% 10.09%
Net Operating Profit after Tax (NOPAT)		 7.11 9.64 9.23 16 16 16 15 31 11 44 60
NOPAT Margin		 13.95% 17.56% 17.12% 26.43% 27.07% 24.83% 19.80% 25.06% 6.66% 21.76% 26.44%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -16.34% -18.93% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 47.40% 44.70% 40.60% 39.29% 38.35% 36.89% 40.53% 41.07% 45.19% 45.64% 47.01%
Operating Expenses to Revenue		 73.32% 67.67% 62.42% 61.75% 62.44% 60.62% 73.18% 64.57% 73.21% 68.55% 61.33%
Earnings before Interest and Taxes (EBIT)		 12 16 18 21 22 21 21 42 14 59 79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 18 20 23 25 24 26 50 26 74 82
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.74 1.00 1.04 0.83 0.96 0.79 1.07 0.89 0.88 0.97 1.00
Price to Tangible Book Value (P/TBV)		 0.81 1.09 1.20 0.94 1.07 0.88 1.34 1.09 1.13 1.19 1.18
Price to Revenue (P/Rev)		 2.12 2.80 3.17 2.55 3.09 2.44 4.82 2.60 2.68 2.60 2.61
Price to Earnings (P/E)		 15.21 15.95 15.18 6.09 11.47 9.83 24.32 10.36 40.18 11.95 9.87
Dividend Yield		 0.47% 1.15% 1.63% 2.68% 2.87% 3.74% 2.54% 3.69% 3.53% 3.05% 2.73%
Earnings Yield		 6.57% 6.27% 6.59% 16.42% 8.72% 10.17% 4.11% 9.65% 2.49% 8.37% 10.13%
Enterprise Value to Invested Capital (EV/IC)		 0.27 0.51 0.87 0.62 0.51 0.00 0.00 0.78 0.26 0.28 0.47
Enterprise Value to Revenue (EV/Rev)		 0.81 1.48 2.98 2.70 1.78 0.00 0.00 2.82 0.90 0.93 1.42
Enterprise Value to EBITDA (EV/EBITDA)		 2.96 4.42 8.07 6.87 4.32 0.00 0.00 7.08 5.81 2.53 3.90
Enterprise Value to EBIT (EV/EBIT)		 3.56 5.10 8.95 7.61 4.89 0.00 0.00 8.32 10.68 3.21 4.08
Enterprise Value to NOPAT (EV/NOPAT)		 5.77 8.41 17.43 10.20 6.57 0.00 0.00 11.24 13.49 4.29 5.39
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.71 4.26 8.24 8.79 7.79 0.00 0.00 6.66 6.67 4.02 5.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 14.03 0.00 0.00 1.62 0.00 0.00 0.00 0.00 0.00 7.07
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.05 0.02 0.13 0.41 0.08 0.13 0.16 0.23 0.14 0.23 0.15
Long-Term Debt to Equity		 0.00 0.00 0.00 0.08 0.08 0.13 0.15 0.23 0.14 0.23 0.15
Financial Leverage		 0.04 0.03 0.08 0.28 0.24 0.11 0.15 0.20 0.18 0.19 0.19
Leverage Ratio		 7.78 7.62 8.03 8.29 8.09 9.01 9.88 9.70 10.84 11.63 11.04
Compound Leverage Factor		 7.78 7.62 8.03 8.29 8.09 9.01 9.88 9.70 10.84 11.63 11.04
Debt to Total Capital		 4.34% 2.03% 11.72% 29.27% 7.76% 11.56% 13.99% 18.57% 12.45% 18.61% 13.12%
Short-Term Debt to Total Capital		 4.34% 2.03% 11.72% 23.48% 0.59% 0.48% 1.02% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 5.79% 7.18% 11.08% 12.97% 18.57% 12.45% 18.61% 13.12%
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% 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% 0.00%
Common Equity to Total Capital		 95.66% 97.97% 88.28% 70.73% 92.24% 88.44% 86.01% 81.43% 87.55% 81.39% 86.88%
Debt to EBITDA		 0.48 0.17 1.09 3.24 0.65 1.06 2.20 1.68 2.79 1.66 1.08
Net Debt to EBITDA		 -4.85 -3.97 -0.51 0.37 -3.18 -6.71 -20.28 0.56 -11.49 -4.52 -3.24
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.64 0.60 1.01 2.04 1.68 2.79 1.66 1.08
Debt to NOPAT		 0.94 0.33 2.36 4.81 1.00 1.62 3.71 2.66 6.47 2.82 1.50
Net Debt to NOPAT		 -9.45 -7.55 -1.09 0.54 -4.84 -10.26 -34.26 0.88 -26.70 -7.66 -4.48
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.95 0.92 1.55 3.44 2.66 6.47 2.82 1.50
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -1.25 5.78 -19 -58 66 4.26 -172 -8.45 -125 -37 45
Operating Cash Flow to CapEx		 995.92% 2,721.32% 1,550.52% 1,614.83% 612.43% 776.65% -217.48% 2,149.73% 434.03% 1,096.00% 2,683.48%
Free Cash Flow to Firm to Interest Expense		 -0.37 2.40 -8.25 -10.96 6.88 0.60 -28.46 -0.67 -1.59 -0.30 0.39
Operating Cash Flow to Interest Expense		 4.52 7.92 8.59 3.47 1.43 2.60 -1.24 4.20 0.29 0.38 0.53
Operating Cash Flow Less CapEx to Interest Expense		 4.06 7.63 8.03 3.26 1.19 2.27 -1.81 4.00 0.22 0.34 0.51
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.04 0.04 0.04 0.04 0.03 0.04 0.04 0.03 0.04
Fixed Asset Turnover		 3.07 3.28 2.75 2.63 2.59 2.60 2.03 2.41 2.52 2.46 2.78
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 154 158 185 259 209 220 408 447 584 665 679
Invested Capital Turnover		 0.34 0.35 0.31 0.27 0.26 0.30 0.25 0.29 0.33 0.32 0.34
Increase / (Decrease) in Invested Capital		 8.36 3.86 28 74 -50 11 187 40 136 81 14
Enterprise Value (EV)		 41 81 161 161 107 -6.80 -153 351 151 188 321
Market Capitalization		 108 154 171 152 186 155 374 323 451 524 587
Book Value per Share		 $11.64 $12.18 $12.90 $14.37 $15.20 $16.21 $17.71 $18.34 $15.42 $16.24 $17.65
Tangible Book Value per Share		 $10.59 $11.16 $11.23 $12.77 $13.64 $14.61 $14.12 $14.88 $12.06 $13.19 $14.86
Total Capital		 154 158 185 259 209 220 408 447 584 665 679
Total Debt		 6.67 3.20 22 76 16 25 57 83 73 124 89
Total Long-Term Debt		 0.00 0.00 0.00 15 15 24 53 83 73 124 89
Net Debt		 -67 -73 -10 8.59 -79 -161 -527 28 -300 -336 -267
Capital Expenditures (CapEx)		 1.52 0.70 1.26 1.13 2.24 2.37 3.45 2.45 5.23 4.28 2.33
Net Nonoperating Expense (NNE)		 0.00 0.00 -2.04 -9.23 0.09 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 6.67 3.20 22 76 16 25 57 83 73 124 89
Total Depreciation and Amortization (D&A)		 2.34 2.43 1.96 2.27 2.91 3.03 4.79 7.40 12 16 3.49
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.56 $0.76 $0.89 $1.96 $1.27 $1.27 $1.17 $1.57 $0.42 $1.32 $1.78
Adjusted Weighted Average Basic Shares Outstanding		 12.64M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Adjusted Diluted Earnings per Share		 $0.56 $0.76 $0.89 $1.96 $1.27 $1.27 $1.17 $1.57 $0.42 $1.32 $1.78
Adjusted Weighted Average Diluted Shares Outstanding		 12.64M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.27 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 12.64M 12.67M 12.74M 12.78M 12.52M 11.75M 19.84M 19.90M 33.21M 33.35M 33.42M
Normalized Net Operating Profit after Tax (NOPAT)		 7.29 9.94 9.36 16 16 16 22 33 25 44 60
Normalized NOPAT Margin		 14.31% 18.12% 17.38% 26.43% 27.07% 24.83% 27.77% 26.31% 14.82% 21.76% 26.44%
Pre Tax Income Margin		 22.61% 28.96% 33.33% 35.45% 36.40% 33.23% 27.28% 33.88% 8.42% 29.11% 34.95%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 3.44 6.62 7.90 4.01 2.27 2.97 3.51 3.36 0.18 0.47 0.67
NOPAT to Interest Expense		 2.12 4.01 4.06 2.99 1.69 2.22 2.54 2.49 0.14 0.35 0.51
EBIT Less CapEx to Interest Expense		 2.99 6.33 7.35 3.80 2.04 2.64 2.94 3.16 0.11 0.44 0.65
NOPAT Less CapEx to Interest Expense		 1.67 3.72 3.50 2.78 1.46 1.89 1.97 2.29 0.08 0.32 0.49
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 7.12% 18.38% 24.77% 16.32% 33.01% 37.83% 42.99% 30.57% 113.40% 36.49% 27.05%
Augmented Payout Ratio		 7.12% 18.38% 24.77% 16.32% 33.01% 37.83% 42.99% 30.57% 113.40% 36.49% 27.05%

Quarterly Metrics And Ratios for Shore Bancshares

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - 33,352,164.00 33,374,265.00 33,417,377.00 33,426,756.00 33,418,125.00
DEI Adjusted Shares Outstanding		 - - - - - - 33,352,164.00 33,374,265.00 33,417,377.00 33,426,756.00 33,418,125.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.41 0.46 0.43 0.48 0.51
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 85.57% 49.61% 53.89% 82.02% -16.59% 7.72% 11.17% 11.84% 11.49% 11.81% 12.76%
EBITDA Growth		 -167.40% 41.07% 39.93% 48.23% 351.27% 18.70% 51.66% 34.01% 20.21% -44.44% 17.14%
EBIT Growth		 -212.56% 27.76% 19.17% 172.08% 201.62% 25.05% 72.28% 37.55% 26.85% 14.55% 24.11%
NOPAT Growth		 -206.75% 24.78% 26.75% 179.59% 208.53% 26.62% 68.18% 38.04% 28.23% 19.61% 24.15%
Net Income Growth		 -200.82% 24.78% 26.75% 179.59% 214.91% 26.62% 68.18% 38.04% 28.23% 19.61% 24.15%
EPS Growth		 -159.18% -54.76% -21.88% 70.00% 217.24% 105.26% 64.00% 35.29% 26.47% 23.08% 24.39%
Operating Cash Flow Growth		 -442.44% 1,294.74% -78.73% 631.75% 137.70% -10.12% 728.78% -375.06% 369.25% -73.85% 59.60%
Free Cash Flow Firm Growth		 -1.61% -303.49% 65.36% 106.24% 58.59% 46.25% -72.91% -84.26% 57.42% 102.56% 102.40%
Invested Capital Growth		 39.83% 30.50% 9.60% -0.84% 14.49% 13.87% 15.08% 1.90% 6.85% 2.13% 2.26%
Revenue Q/Q Growth		 118.10% -19.03% -2.80% 6.03% -0.06% 4.58% 0.32% 6.67% -0.38% 4.88% 1.17%
EBITDA Q/Q Growth		 -243.95% 278.00% -21.20% -26.59% 144.02% -15.92% 0.68% 10.45% -8.45% -45.43% 112.29%
EBIT Q/Q Growth		 -367.15% 198.50% -26.95% 41.55% -0.23% 21.21% 0.64% 13.01% -7.98% 9.46% 9.03%
NOPAT Q/Q Growth		 -356.59% 201.75% -21.98% 37.27% -0.40% 18.71% 3.63% 12.66% -7.47% 10.73% 7.56%
Net Income Q/Q Growth		 -342.33% 207.73% -21.98% 37.27% -0.40% 18.71% 3.63% 12.66% -7.47% 10.73% 7.56%
EPS Q/Q Growth		 -245.00% 165.52% 31.58% 36.00% 0.00% 14.71% 5.13% 12.20% -6.52% 11.63% 6.25%
Operating Cash Flow Q/Q Growth		 -4,111.40% 250.25% -93.38% 26.98% 198.58% 258.22% -38.98% -142.14% 609.38% -80.04% 272.41%
Free Cash Flow Firm Q/Q Growth		 36.28% 27.48% 65.51% 139.24% -523.14% 5.88% -10.64% 103.57% -1,244.90% 105.67% 3.34%
Invested Capital Q/Q Growth		 -15.94% 1.78% 0.75% 15.11% -2.94% 1.23% 1.75% 1.92% 1.78% -3.24% 1.89%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -17.37% 38.19% 30.96% 21.44% 52.34% 42.09% 42.24% 43.73% 40.19% 20.91% 43.88%
EBIT Margin		 -24.30% 29.56% 22.22% 29.66% 29.61% 34.32% 34.43% 36.47% 33.69% 35.16% 37.89%
Profit (Net Income) Margin		 -16.07% 21.38% 17.16% 22.21% 22.13% 25.12% 25.95% 27.41% 25.46% 26.88% 28.58%
Tax Burden Percent		 66.11% 72.31% 77.23% 74.89% 74.76% 73.22% 75.39% 75.16% 75.58% 76.45% 75.42%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 27.69% 22.77% 25.11% 25.24% 26.78% 24.61% 24.84% 24.42% 23.55% 24.58%
Return on Invested Capital (ROIC)		 -5.26% 6.98% 5.65% 6.80% 7.12% 8.12% 8.50% 8.55% 8.20% 9.00% 9.68%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.35% 6.98% 5.65% 6.80% 7.12% 8.12% 8.50% 8.55% 8.20% 9.00% 9.68%
Return on Net Nonoperating Assets (RNNOA)		 -0.63% 1.24% 1.59% 3.63% 1.35% 1.52% 1.56% 2.18% 1.83% 1.69% 1.79%
Return on Equity (ROE)		 -5.90% 8.23% 7.25% 10.43% 8.47% 9.63% 10.07% 10.73% 10.03% 10.70% 11.47%
Cash Return on Invested Capital (CROIC)		 -31.35% -24.29% -6.86% 3.82% -6.83% -5.94% -6.20% 5.99% 1.76% 6.75% 6.95%
Operating Return on Assets (OROA)		 -0.81% 1.05% 0.88% 1.30% 1.01% 1.13% 1.19% 1.31% 1.21% 1.27% 1.42%
Return on Assets (ROA)		 -0.53% 0.76% 0.68% 0.97% 0.75% 0.83% 0.90% 0.98% 0.91% 0.97% 1.07%
Return on Common Equity (ROCE)		 -5.90% 8.23% 7.25% 10.43% 8.47% 9.63% 10.07% 10.73% 10.03% 10.70% 11.47%
Return on Equity Simple (ROE_SIMPLE)		 1.82% 0.00% 2.51% 3.86% 7.71% 0.00% 8.95% 9.51% 9.86% 0.00% 10.42%
Net Operating Profit after Tax (NOPAT)		 -10 10 8.18 11 11 13 14 16 14 16 17
NOPAT Margin		 -17.01% 21.38% 17.16% 22.21% 22.13% 25.12% 25.95% 27.41% 25.46% 26.88% 28.58%
Net Nonoperating Expense Percent (NNEP)		 -0.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 32.44% 63.29% 37.82% 38.78% 38.65% 65.94% 46.72% 45.66% 48.08% 45.74% 47.68%
Operating Expenses to Revenue		 77.81% 68.61% 76.93% 66.23% 67.49% 64.21% 63.64% 60.83% 61.00% 60.06% 61.97%
Earnings before Interest and Taxes (EBIT)		 -15 15 11 15 15 18 18 21 19 21 23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 19 15 11 26 22 22 25 23 12 26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.88 0.73 0.72 0.87 0.97 0.79 0.93 0.95 1.00 1.04
Price to Tangible Book Value (P/TBV)		 0.86 1.13 0.92 0.90 1.09 1.19 0.97 1.12 1.14 1.18 1.22
Price to Revenue (P/Rev)		 2.20 2.68 2.02 1.81 2.36 2.60 2.12 2.46 2.51 2.61 2.69
Price to Earnings (P/E)		 36.57 40.18 28.89 18.68 11.34 11.95 8.86 9.76 9.64 9.87 9.94
Dividend Yield		 7.13% 3.53% 4.26% 4.23% 3.43% 3.05% 3.65% 3.05% 2.93% 2.73% 2.57%
Earnings Yield		 2.73% 2.49% 3.46% 5.35% 8.82% 8.37% 11.29% 10.24% 10.38% 10.13% 10.06%
Enterprise Value to Invested Capital (EV/IC)		 0.52 0.26 0.57 0.58 0.62 0.28 0.26 0.67 0.37 0.47 0.54
Enterprise Value to Revenue (EV/Rev)		 1.96 0.90 1.79 1.88 2.05 0.93 0.84 2.18 1.17 1.42 1.61
Enterprise Value to EBITDA (EV/EBITDA)		 14.44 5.81 10.97 11.58 5.73 2.53 2.11 5.26 2.79 3.90 4.33
Enterprise Value to EBIT (EV/EBIT)		 26.99 10.68 20.91 15.43 7.37 3.21 2.61 6.44 3.37 4.08 4.48
Enterprise Value to NOPAT (EV/NOPAT)		 32.56 13.49 25.65 19.42 9.88 4.29 3.50 8.63 4.51 5.39 5.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 6.67 23.94 22.40 8.03 4.02 2.69 8.77 2.97 5.14 5.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 15.10 0.00 0.00 0.00 11.34 21.49 7.07 7.84
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.14 0.14 0.14 0.29 0.23 0.23 0.22 0.22 0.22 0.15 0.15
Long-Term Debt to Equity		 0.14 0.14 0.14 0.29 0.23 0.23 0.22 0.22 0.22 0.15 0.15
Financial Leverage		 0.15 0.18 0.28 0.53 0.19 0.19 0.18 0.26 0.22 0.19 0.18
Leverage Ratio		 10.66 10.84 10.70 10.73 11.23 11.63 11.24 10.94 10.98 11.04 10.72
Compound Leverage Factor		 10.66 10.84 10.70 10.73 11.23 11.63 11.24 10.94 10.98 11.04 10.72
Debt to Total Capital		 12.56% 12.45% 12.34% 22.73% 18.80% 18.61% 18.33% 18.02% 17.74% 13.12% 12.87%
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% 0.00%
Long-Term Debt to Total Capital		 12.56% 12.45% 12.34% 22.73% 18.80% 18.61% 18.33% 18.02% 17.74% 13.12% 12.87%
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% 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% 0.00%
Common Equity to Total Capital		 87.44% 87.55% 87.66% 77.27% 81.20% 81.39% 81.67% 81.98% 82.26% 86.88% 87.13%
Debt to EBITDA		 3.49 2.79 2.39 4.55 1.74 1.66 1.51 1.41 1.35 1.08 1.04
Net Debt to EBITDA		 -1.78 -11.49 -1.39 0.44 -0.85 -4.52 -3.23 -0.69 -3.17 -3.24 -2.93
Long-Term Debt to EBITDA		 3.49 2.79 2.39 4.55 1.74 1.66 1.51 1.41 1.35 1.08 1.04
Debt to NOPAT		 7.88 6.47 5.60 7.63 3.00 2.82 2.51 2.31 2.19 1.50 1.42
Net Debt to NOPAT		 -4.01 -26.70 -3.24 0.74 -1.46 -7.66 -5.36 -1.13 -5.13 -4.48 -4.01
Long-Term Debt to NOPAT		 7.88 6.47 5.60 7.63 3.00 2.82 2.51 2.31 2.19 1.50 1.42
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 -174 -126 -43 17 -72 -68 -75 2.68 -31 1.74 1.79
Operating Cash Flow to CapEx		 -1,272.80% 1,568.17% 134.63% 191.11% 1,483.61% 10,491.59% 10,929.83% -946.31% 7,246.93% 1,252.29% 2,904.60%
Free Cash Flow to Firm to Interest Expense		 -6.78 -4.25 -1.44 0.55 -2.29 -2.09 -2.49 0.09 -1.07 0.06 0.07
Operating Cash Flow to Interest Expense		 -0.94 1.22 0.08 0.10 0.29 1.00 0.66 -0.28 1.49 0.29 1.22
Operating Cash Flow Less CapEx to Interest Expense		 -1.01 1.14 0.02 0.05 0.27 0.99 0.65 -0.31 1.47 0.26 1.18
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.04 0.04 0.04 0.03 0.03 0.03 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 2.28 2.52 2.77 3.12 2.43 2.46 2.51 2.60 2.69 2.78 2.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 574 584 588 677 657 665 676 689 702 679 692
Invested Capital Turnover		 0.31 0.33 0.33 0.31 0.32 0.32 0.33 0.31 0.32 0.34 0.34
Increase / (Decrease) in Invested Capital		 163 136 51 -5.76 83 81 89 13 45 14 15
Enterprise Value (EV)		 298 151 332 392 406 188 173 464 256 321 372
Market Capitalization		 334 451 374 377 466 524 438 525 548 587 624
Book Value per Share		 $15.14 $15.42 $15.51 $15.74 $16.01 $16.24 $16.56 $16.94 $17.27 $17.65 $18.04
Tangible Book Value per Share		 $11.70 $12.06 $12.24 $12.54 $12.89 $13.19 $13.59 $14.03 $14.43 $14.86 $15.31
Total Capital		 574 584 588 677 657 665 676 689 702 679 692
Total Debt		 72 73 73 154 123 124 124 124 124 89 89
Total Long-Term Debt		 72 73 73 154 123 124 124 124 124 89 89
Net Debt		 -37 -300 -42 15 -60 -336 -265 -61 -292 -267 -252
Capital Expenditures (CapEx)		 1.89 2.30 1.77 1.59 0.61 0.31 0.18 0.88 0.59 0.68 1.09
Net Nonoperating Expense (NNE)		 -0.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 72 73 73 154 123 124 124 124 124 89 89
Total Depreciation and Amortization (D&A)		 4.20 4.24 4.17 -4.16 11 4.11 4.14 4.11 3.66 -8.42 3.58
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.29) $0.19 $0.25 $0.34 $0.34 $0.39 $0.41 $0.46 $0.43 $0.48 $0.51
Adjusted Weighted Average Basic Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
Adjusted Diluted Earnings per Share		 ($0.29) $0.19 $0.25 $0.34 $0.34 $0.39 $0.41 $0.46 $0.43 $0.48 $0.51
Adjusted Weighted Average Diluted Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 33.15M 33.21M 33.21M 33.32M 33.33M 33.35M 33.37M 33.42M 33.43M 33.42M 33.46M
Normalized Net Operating Profit after Tax (NOPAT)		 0.10 11 8.18 11 11 13 14 16 14 16 17
Normalized NOPAT Margin		 0.16% 22.26% 17.16% 22.21% 22.13% 25.12% 25.95% 27.41% 25.46% 26.88% 28.58%
Pre Tax Income Margin		 -24.30% 29.56% 22.22% 29.66% 29.61% 34.32% 34.43% 36.47% 33.69% 35.16% 37.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.57 0.49 0.35 0.48 0.48 0.56 0.61 0.70 0.67 0.70 0.88
NOPAT to Interest Expense		 -0.40 0.35 0.27 0.36 0.36 0.41 0.46 0.53 0.50 0.53 0.66
EBIT Less CapEx to Interest Expense		 -0.65 0.41 0.29 0.43 0.46 0.55 0.60 0.67 0.64 0.68 0.83
NOPAT Less CapEx to Interest Expense		 -0.48 0.28 0.21 0.31 0.34 0.40 0.45 0.50 0.48 0.51 0.62
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 121.77% 113.40% 110.61% 79.07% 38.92% 36.49% 32.47% 29.88% 28.28% 27.05% 25.61%
Augmented Payout Ratio		 121.77% 113.40% 110.61% 79.07% 38.92% 36.49% 32.47% 29.88% 28.28% 27.05% 25.61%

Financials Breakdown Chart

Key Financial Trends

Shore Bancshares (NASDAQ: SHBI) showed a solid rebound in profitability and cash generation in Q1 2026, but the quarter also highlighted a few balance-sheet and funding pressures investors should keep an eye on.

  • Q1 2026 net income rose to $17.1 million, up from $15.9 million in Q4 2025 and $13.8 million in Q1 2025, showing improving earnings momentum.
  • Diluted EPS improved to $0.51 in Q1 2026, versus $0.48 in Q4 2025 and $0.41 a year ago.
  • Operating cash flow was strong at $31.6 million in Q1 2026, well above $8.5 million in Q4 2025 and $19.8 million in Q1 2025.
  • Net interest income increased to $52.6 million in Q1 2026, up from $50.4 million in Q4 2025, helped by resilient loan-related income.
  • Non-interest income held up at $7.2 million, supported by trust fees, service charges and other fee income.
  • Total common equity rose to $602.7 million from $577.2 million in Q3 2025 and $552.5 million in Q1 2025, indicating retained earnings have been building.
  • The company continued to pay dividends, with cash dividends to common of $0.12 per share in the recent quarters, suggesting a steady shareholder-return policy.
  • Loan-loss provisioning stayed modest at $85 thousand in Q1 2026, far below the larger swings seen in 2024, which suggests credit costs have stabilized for now.
  • Total deposits fell sharply in Q1 2026, with a $72.2 million net decline in deposits, after the bank had previously shown volatile deposit flows.
  • The balance sheet remains highly asset-heavy in securities and other assets, while other assets increased to $592.3 million, which may warrant a closer look from investors.

On the balance sheet, SHBI ended Q1 2026 with $6.21 billion in assets, $5.60 billion in liabilities, and $602.7 million in common equity. Loans and leases net of allowance were $4.79 billion, keeping the company anchored to traditional community-bank lending. Cash and due from banks was $44.1 million, while interest-bearing deposits at other banks were $296.8 million.

One notable trend over the last several years is that earnings have improved dramatically from the weak patch in 2023, when Q3 2023 posted a net loss of $9.7 million, and the company had a difficult Q1 2024 with EPS of just $0.25. Since then, Shore Bancshares has steadily rebuilt profitability, with quarterly net income generally ranging from the low teens to mid-teens millions, and Q1 2026 marking another step forward.

At the same time, investors should remember that bank results can move quickly based on deposit trends, funding costs and credit provisions. SHBI’s recent improvement looks encouraging, but the sharp swing in deposit balances and the continued reliance on interest rate-sensitive earnings mean the stock still deserves a close watch.

06/08/26 09:14 PM ETAI Generated. May Contain Errors.

Shore Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Shore Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Shore Bancshares' net income appears to be on an upward trend, with a most recent value of $59.51 million in 2025, rising from $7.11 million in 2015. The previous period was $43.89 million in 2024. See Shore Bancshares' forecast for analyst expectations on what's next for the company.

Over the last 10 years, Shore Bancshares' total revenue changed from $50.94 million in 2015 to $225.07 million in 2025, a change of 341.8%.

Shore Bancshares' total liabilities were at $5.67 billion at the end of 2025, a 0.4% decrease from 2024, and a 473.7% increase since 2015.

In the past 10 years, Shore Bancshares' cash and equivalents has ranged from $14.60 million in 2016 to $63.17 million in 2023, and is currently $50.16 million as of their latest financial filing in 2025.

Over the last 10 years, Shore Bancshares' book value per share changed from 11.64 in 2015 to 17.65 in 2025, a change of 51.7%.


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Financial statements for NASDAQ:SHBI last updated on 6/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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