SHORE BANCSHARES INC SHBI

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Shore Bancshares, Inc. was incorporated under the laws of Maryland on March 15, 1996 and is the bank holding company for Shore United Bank, N.A,. Throughout this report, references to the "Company," "we," "our," and "us," and similar terms refer to the consolidated entity consisting of Shore Bancshares, Inc. and its subsidiaries. "Shore Bancshares" refers solely to the parent holding company, and the "Bank" refers solely to Shore Bancshares' subsidiary bank, Shore United Bank, N.A.

Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the "BHC Act"). The Company is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. The Company conducts business primarily through the Bank. The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Company offered title services through its wholly-owned subsidiary, Mid-Maryland Title Company, Inc. (the "Title Company"), which engaged in residential and commercial real estate settlement activities and offered title insurance policies, title search and lien satisfaction services. The Title Company ceased conducting real estate closings effective March 31, 2025. The Company and the Bank are Affirmative Action/Equal Opportunity Employers.

Last close 22.94 2026-10-23
Market cap $765.6M 2026-06-30 share count
52-week range 15.44 - 24.89

Valuation FY2025 figures against the last close

P/S36.7x
P/E12.9x
P/FCF12.9x
EV/EBITDA—
Dividend yield2.1%
Diluted EPS1.78

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $20.9M$20.9M$18.3M$15.3M$11.0M$9.2M$9.5M$8.9M$48.0M$40.7M
Interest expense $192.4M$170.5M$135.3M$12.5M$6.0M$7.1M$9.6M$5.3M$2.3M$2.4M
Pre-tax income $78.7M$58.7M$14.2M$42.1M$21.2M$21.0M$21.9M$21.1M$18.0M$15.9M
Income tax $19.1M$14.8M$3.0M$11.0M$5.8M$5.3M$5.6M$5.4M$8.7M$6.3M
Net income $59.5M$43.9M$11.2M$31.2M$15.4M$15.7M$16.2M$25.0M$11.3M$9.6M
EPS, basic 1.781.320.421.571.171.271.271.960.890.76
EPS, diluted 1.781.320.421.571.171.271.271.960.890.76
Shares, diluted (wtd. avg.) 33.4M33.3M26.6M19.8M13.1M12.4M12.7M12.8M12.7M12.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $355.6M$459.9M$372.4M$55.5M$583.6M$186.9M$95.0M$67.2M$31.8M$75.9M
Property, plant and equipment $80.2M$81.8M$82.4M$51.5M$51.6M$24.9M$23.8M$22.7M$22.6M$16.6M
Goodwill $63.3M$63.3M$63.3M$63.3M$63.4M$17.5M$17.5M$17.5M$17.5M$11.9M
Other intangibles $29.7M$38.3M$48.1M$5.5M$7.5M$1.7M$2.3M$2.9M$3.7M$1.1M
Total assets $6.26B$6.23B$6.01B$3.48B$3.46B$1.93B$1.56B$1.48B$1.39B$1.16B
Short-term debt ——————$1.2M$60.8M$21.7M$3.2M
Long-term debt $89.1M$73.7M$72.7M$43.1M——$15.0M$15.0M——
Total liabilities $5.67B$5.69B$5.50B$3.11B$3.11B$1.74B$1.37B$1.30B$1.23B$1.01B
Retained earnings $233.6M$190.2M$162.3M$171.6M$150.0M$141.2M$131.4M$120.6M$99.7M$91.0M
Total equity $589.9M$541.1M$511.1M$364.3M$350.7M$195.0M$192.8M$183.2M$163.7M$154.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $62.4M$46.9M$22.7M$52.6M-$7.5M$18.4M$13.7M$18.3M$19.5M$19.0M
Depreciation and amortisation $4.4M$4.4M$3.3M$2.4M$1.5M$1.2M$1.1M$1.0M$1.0M$1.0M
Stock-based compensation $1.9M$1.7M$1.2M$636.0K$378.0K$263.0K$149.0K$447.0K$1.1M$334.0K
Capital expenditure $3.2M$5.2M$6.0M$2.4M$3.5M$2.4M$2.2M$1.1M$1.3M$699.0K
Investing cash flow -$118.3M-$134.5M$172.3M-$581.6M$38.2M-$280.1M-$45.7M-$42.5M-$72.3M-$33.7M
Financing cash flow -$48.4M$175.1M$121.9M$811.0K$366.0M$353.6M$59.7M$59.6M$8.7M$16.8M
Dividends paid $16.1M$16.0M$12.7M$9.5M$6.6M$0$0$4.0M$0$1.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001035092-26-000019.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Revenue, FY2016: 40.7M Net income, FY2016: 9.6M Revenue, FY2017: 48M Net income, FY2017: 11.3M Revenue, FY2018: 8.9M Net income, FY2018: 25M Revenue, FY2019: 9.5M Net income, FY2019: 16.2M Revenue, FY2020: 9.2M Net income, FY2020: 15.7M Revenue, FY2021: 11M Net income, FY2021: 15.4M Revenue, FY2022: 15.3M Net income, FY2022: 31.2M Revenue, FY2023: 18.3M Net income, FY2023: 11.2M Revenue, FY2024: 20.9M Net income, FY2024: 43.9M Revenue, FY2025: 20.9M Net income, FY2025: 59.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $40.7M $48.0M $8.9M $9.5M $9.2M $11.0M $15.3M $18.3M $20.9M $20.9M
Gross profit — — — — — — — — — —
Net income $9.6M $11.3M $25.0M $16.2M $15.7M $15.4M $31.2M $11.2M $43.9M $59.5M

Recent filings and events

  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Code of ethics change The code of ethics changed, or somebody was excused from part of it. Item 5.05
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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