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Financials · SHBI

Shore Bancshares Inc (SHBI) financials

For the twelve months ended Sep 30, 2026, Shore Bancshares Inc reported $243.46M of revenue and $68.61M of net income.

Revenue, TTM
$243.46M
Revenue growth, YoY
+11.3%
Net income, TTM
$68.61M
Net income growth, YoY
+20.6%
Net margin
28.2%
Free cash flow, TTM
$80.67M
EPS, diluted, TTM
$2.05
EPS growth, YoY
+21.3%
Cash
$455.05M
Total debt
$89.30M
P/E
11.09
P/S
3.13
Market cap
$761.1M
Annual revenue$225.06M
FY2016FY2025
Annual net income$59.51M
FY2016FY2025
Annual free cash flow$59.22M
FY2016FY2025

SHBI revenue and earnings growth

SHBI revenueQ3 2026$62.80M

Quarter YoY
+11.4%
QoQ
+1.7%
FY YoY
+11.6%
5Y CAGR
+28.9%
10Y CAGR
+16.0%

SHBI revenue was $62.80M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.4% from a year earlier and up 1.7% from the prior quarter. For the full fiscal 2025 it was $225.06M, up 11.6% from fiscal 2024. Compound annual growth was +28.9% over 5 years and +16.0% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SHBI net incomeQ3 2026$16.77M

Quarter YoY
+16.9%
QoQ
-11.1%
FY YoY
+35.6%
5Y CAGR
+30.5%
10Y CAGR
+23.7%

SHBI net income was $16.77M in fiscal Q3 2026 (ended Sep 30, 2026), up 16.9% from a year earlier and down 11.1% from the prior quarter. For the full fiscal 2025 it was $59.51M, up 35.6% from fiscal 2024. Compound annual growth was +30.5% over 5 years and +23.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SHBI EPSQ3 2026$0.50

Quarter YoY
+16.3%
QoQ
-10.7%
FY YoY
+34.8%

SHBI diluted EPS was $0.50 in fiscal Q3 2026 (ended Sep 30, 2026), up 16.3% from a year earlier and down 10.7% from the prior quarter. For the full fiscal 2025 it was $1.78, up 34.8% from fiscal 2024.

SHBI free cash flowQ3 2026$35.38M

Quarter YoY
-15.5%
QoQ
+405.0%
FY YoY
+42.1%
5Y CAGR
+29.8%
10Y CAGR
+15.8%

SHBI free cash flow was $35.38M in fiscal Q3 2026 (ended Sep 30, 2026), down 15.5% from a year earlier and up 405.0% from the prior quarter. For the full fiscal 2025 it was $59.22M, up 42.1% from fiscal 2024. Compound annual growth was +29.8% over 5 years and +15.8% over 10 years. It rose in 2 of the last 3 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$225.06M$201.70M$168.47M$124.39M$77.63M$63.35M$60.15M$59.65M$53.89M$54.89M
Interest expense--$78.77M$12.54M$6.04M$7.08M$9.64M$5.27M$2.27M$2.40M
Pre-tax income$78.66M$58.70M$14.18M$42.14M$21.18M$21.05M$21.89M$21.14M$17.96M$15.90M
Income tax$19.15M$14.81M$2.96M$10.96M$5.81M$5.32M$5.61M$5.38M$8.73M$6.26M
Net income$59.51M$43.89M$11.23M$31.18M$15.37M$15.73M$16.20M$25.00M$11.26M$9.64M
EPS, basic$1.78$1.32$0.42$1.57$1.17$1.27$1.27$1.96$0.89$0.76
EPS, diluted$1.78$1.32$0.42$1.57$1.17$1.27$1.27$1.96$0.89$0.76
Diluted shares33.4M33.3M26.6M19.8M13.1M12.4M12.7M12.8M12.7M12.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$355.57M$459.85M$372.41M$55.50M$583.61M$186.92M$94.97M$67.22M$31.82M$75.94M
Goodwill$63.27M$63.27M$63.27M$63.27M$63.42M$17.52M$17.52M$17.52M$17.52M$11.93M
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------$1.23M$60.81M$21.73M$3.20M
Total debt$89.06M$73.72M$72.67M$43.07M--$15.00M$15.00M--
Total liabilities$5.67B$5.69B$5.50B$3.11B$3.11B$1.74B$1.37B$1.30B$1.23B$1.01B
Shareholders' equity$589.87M$541.07M$511.13M$364.29M$350.69M$195.02M$192.80M$183.19M$163.74M$154.30M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$62.39M$46.89M$22.71M$52.65M-$7.50M$18.43M$13.74M$18.30M$19.52M$19.02M
Capital expenditures$3.17M$5.22M$5.95M$2.42M$3.45M$2.38M$2.24M$1.13M$1.26M$699.0K
Free cash flow$59.22M$41.66M$16.76M$50.23M-$10.95M$16.05M$11.50M$17.16M$18.26M$18.32M
Investing cash flow-$118.32M-$134.54M$172.31M-$581.57M$38.19M-$280.08M-$45.68M-$42.45M-$72.30M-$33.73M
Financing cash flow-$48.35M$175.09M$121.89M$811.0K$366.01M$353.60M$59.68M$59.56M$8.66M$16.84M
Dividends paid$16.09M$16.01M$12.73M$9.53M$6.61M$5.95M$5.35M$4.08M$2.79M$1.77M
Stock-based compensation$1.89M$1.73M$1.17M$636.0K$378.0K$263.0K$149.0K$447.0K$1.05M$334.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY11.6%19.7%35.4%60.2%22.5%5.3%0.8%10.7%-1.8%7.8%
Net income growth, YoY35.6%290.9%-64.0%102.9%-2.3%-2.9%-35.2%122.0%16.8%35.6%
EPS growth, YoY34.8%214.3%-73.2%--7.9%0.0%-35.2%120.2%17.1%35.7%
Net margin26.4%21.8%6.7%25.1%19.8%24.8%26.9%41.9%20.9%17.6%
Free cash flow margin26.3%20.7%9.9%40.4%-14.1%25.3%19.1%28.8%33.9%33.4%
Return on equity10.1%8.1%2.2%8.6%4.4%8.1%8.4%13.6%6.9%6.2%
Return on assets1.0%0.7%0.2%0.9%0.4%0.8%1.0%1.7%0.8%0.8%
Debt to equity0.150.140.140.12--0.080.08--

Source: XBRL data Shore Bancshares Inc files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SHBI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SHBI$243.46M+11.3%$68.61M28.2%$761.1M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

SHBI FAQ

8 questions
  • What is SHBI revenue?
    Shore Bancshares Inc (SHBI) reported $243.46M of revenue for the twelve months ended Sep 30, 2026. That is up 11.3% from the year before. Revenue for fiscal 2025 was $225.06M.
  • Is SHBI profitable?
    Yes. Shore Bancshares Inc earned $68.61M in net income for the twelve months ended Sep 30, 2026, a net margin of 28.2%.
  • How much cash and debt does SHBI have?
    Shore Bancshares Inc reported $455.05M in cash and cash equivalents and $89.30M of debt on its most recent balance sheet in SEC filings.
  • How fast is SHBI revenue growing?
    Shore Bancshares Inc's revenue changed +11.6% in fiscal 2025, to $225.06M. Its compound annual growth rate was +28.9% over 5 years and +16.0% over 10 years.
  • What is SHBI free cash flow?
    Shore Bancshares Inc generated $80.67M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $83.59M less capital expenditures.
  • What is SHBI earnings per share?
    Diluted earnings per share were $2.05 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SHBI last report financial results?
    The latest statements here come from Shore Bancshares Inc's 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this SHBI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Shore Bancshares Inc files with the SEC. It is provided for information only and is not investment advice.