SHBI
Shore Bancshares Inc
NASDAQ: SHBI · FINANCIAL SERVICES · BANKS - REGIONAL
$19.12
-2.30% today
Updated 2026-04-29
Market cap
$638.91M
P/E ratio
10.16
P/S ratio
2.85x
EPS (TTM)
$1.88
Dividend yield
2.49%
52W range
$13 – $21
Volume
0.3M
Shore Bancshares Inc (SHBI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.81M | $79.82M | $82.19M | $78.33M | $71.93M | $66.90M | $59.73M | $56.40M | $53.48M | $53.66M | $56.76M | $55.63M | $64.40M | $69.79M | $70.43M | $83.67M | $136.93M | $238.42M | $326.49M | $342.72M |
| Revenue growth (YoY) | — | +12.7% | +3.0% | -4.7% | -8.2% | -7.0% | -10.7% | -5.6% | -5.2% | +0.3% | +5.8% | -2.0% | +15.8% | +8.4% | +0.9% | +18.8% | +63.7% | +74.1% | +36.9% | +5.0% |
| Cost of revenue | $20.57M | $25.83M | $24.89M | $26.40M | $33.94M | $30.56M | $38.31M | $34.26M | $7.60M | $5.42M | $4.25M | $4.56M | $6.95M | $10.34M | $10.98M | $5.68M | $14.47M | $109.72M | $129.53M | $126.03M |
| Gross profit | $50.24M | $53.99M | $57.30M | $51.93M | $37.99M | $36.34M | $21.42M | $22.14M | $45.88M | $48.24M | $52.51M | $51.07M | $57.46M | $59.45M | $59.45M | $77.99M | $122.46M | $128.70M | $196.96M | $216.69M |
| Gross margin | 71.0% | 67.6% | 69.7% | 66.3% | 52.8% | 54.3% | 35.9% | 39.3% | 85.8% | 89.9% | 92.5% | 91.8% | 89.2% | 85.2% | 84.4% | 93.2% | 89.4% | 54.0% | 60.3% | 63.2% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $17.69M | $19.99M | $28.81M | $30.05M | $23.55M | $22.46M | $24.05M | $24.51M | $24.75M | $24.13M | $24.04M | $20.77M | $23.13M | $22.84M | $23.47M | $31.38M | $48.10M | $61.64M | $72.55M | $84.62M |
| Operating income | $21.71M | $21.45M | $18.56M | $11.69M | $-2.16M | $-1.55M | $-16.20M | $-16.14M | $8.11M | $11.52M | $15.90M | $17.96M | $21.14M | $21.89M | $21.05M | $21.18M | $42.14M | $14.18M | $58.70M | $78.66M |
| Operating margin | 30.7% | 26.9% | 22.6% | 14.9% | -3.0% | -2.3% | -27.1% | -28.6% | 15.2% | 21.5% | 28.0% | 32.3% | 32.8% | 31.4% | 29.9% | 25.3% | 30.8% | 5.9% | 18.0% | 23.0% |
| EBITDA | $23.15M | $22.98M | $20.35M | $13.56M | $246000.00 | $786000.00 | $-13.55M | $-13.74M | $10.42M | $13.95M | $18.35M | $19.61M | $23.44M | $24.29M | $23.52M | $24.27M | $48.00M | $25.12M | $74.74M | $78.77M |
| EBITDA margin | 32.7% | 28.8% | 24.8% | 17.3% | 0.3% | 1.2% | -22.7% | -24.4% | 19.5% | 26.0% | 32.3% | 35.2% | 36.4% | 34.8% | 33.4% | 29.0% | 35.1% | 10.5% | 22.9% | 23.0% |
| EBIT | $21.71M | $21.45M | $18.56M | $11.69M | $-2.16M | $-1.55M | $-16.20M | $-16.14M | $8.11M | $11.52M | $15.90M | $17.96M | $21.14M | $21.89M | $21.05M | $21.18M | $42.14M | $14.18M | $58.70M | $78.66M |
| Interest expense | $19.07M | $24.11M | $21.55M | $17.41M | $12.82M | $11.09M | $10.56M | $6.47M | $4.25M | $3.35M | $2.40M | $2.27M | $5.27M | $9.64M | $7.08M | $6.04M | $12.54M | $78.77M | $124.79M | $117.65M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $13.55M | $13.45M | $11.47M | $7.27M | $-1.67M | $-897000.00 | $-9.64M | $-9.63M | $5.05M | $7.11M | $9.64M | $11.26M | $25.00M | $16.20M | $15.73M | $15.37M | $31.18M | $11.23M | $43.89M | $59.51M |
| Net income growth (YoY) | — | -0.8% | -14.7% | -36.6% | -122.9% | +46.2% | -974.5% | +0.0% | +152.4% | +40.7% | +35.6% | +16.8% | +122.0% | -35.2% | -2.9% | -2.3% | +102.9% | -64.0% | +290.9% | +35.6% |
| Profit margin | 19.1% | 16.9% | 14.0% | 9.3% | -2.3% | -1.3% | -16.1% | -17.1% | 9.4% | 13.2% | 17.0% | 20.2% | 38.8% | 23.2% | 22.3% | 18.4% | 22.8% | 4.7% | 13.4% | 17.4% |