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SHBI

Shore Bancshares, Inc.

SHBI

Shore Bancshares, Inc. • NASDAQ
$17.47 ▼ -1.19% (-0.21)
Market Cap $583.97 M
52w High $17.74
52w Low $11.47
Dividend Yield 0.48%
P/E 10.22
Volume 114.21K
Outstanding Shares 33.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $84.888M ▼ $34.379M ▼ $14.348M ▼ 16.902% ▼ $0.43 ▼ $22.6M ▼
Q2-2025 $85.938M ▲ $34.41M ▲ $15.507M ▲ 18.044% ▲ $0.46 ▲ $24.681M ▲
Q1-2025 $83.066M ▼ $33.747M ▼ $13.764M ▲ 16.57% ▲ $0.41 ▲ $22.334M ▲
Q4-2024 $85.257M ▲ $33.943M ▼ $13.282M ▲ 15.579% ▲ $0.4 ▲ $22.141M ▲
Q3-2024 $81.976M $34.114M $11.189M 13.649% $0.34 $18.789M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $530.633M ▲ $6.278B ▲ $5.701B ▲ $577.207M ▲
Q2-2025 $372.663M ▼ $6.038B ▼ $5.473B ▼ $565.194M ▲
Q1-2025 $568.154M ▼ $6.177B ▼ $5.624B ▼ $552.47M ▲
Q4-2024 $609.063M ▲ $6.231B ▲ $5.69B ▲ $541.066M ▲
Q3-2024 $316.96M $5.918B $5.384B $533.271M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.348M ▼ $42.467M ▲ $-20.811M ▲ $209.873M ▲ $231.529M ▲ $41.881M ▲
Q2-2025 $15.507M ▲ $-8.337M ▼ $-44.858M ▼ $-150.827M ▼ $-204.022M ▼ $-9.218M ▼
Q1-2025 $13.764M ▲ $19.783M ▼ $-18.271M ▲ $-72.357M ▼ $-70.845M ▼ $18.759M ▼
Q4-2024 $13.282M ▲ $32.419M ▲ $-54.445M ▼ $298.256M ▲ $276.23M ▲ $31.164M ▲
Q3-2024 $11.189M $9.05M $-5.939M $41.627M $44.738M $8.44M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profit have generally trended upward over the past five years, with a noticeable step up in size more recently, likely reflecting the impact of acquisitions and growth. Profitability dipped in the year of the big merger, which is common as integration and one‑time costs hit the income statement, but earnings rebounded afterward. Margins look reasonably healthy for a community bank, though results have been somewhat uneven from year to year, suggesting some sensitivity to credit costs, funding costs, and integration expenses. Overall, the business looks larger and more profitable than it was a few years ago, but not on a perfectly smooth path.

Balance Sheet

Balance Sheet The balance sheet has grown substantially, especially in the last few years, moving Shore from a smaller community bank toward the mid-sized category. Assets and equity have both increased, which points to franchise growth and retained earnings. Debt has risen but remains modest relative to the overall size of the institution, which is typical funding behavior for a growing regional bank. Liquidity, including cash and equivalents, appears adequate, though it has moved around as the bank integrates acquisitions and manages its funding mix. The capital base looks sound, but the larger footprint also means more attention is needed on asset quality and interest-rate risk.

Cash Flow

Cash Flow Cash generation from operations has generally been positive over time, with only a brief setback a few years ago, and it improved again in the most recent period. Free cash flow tracks closely with operating cash flow because capital spending needs are relatively light, which is typical for a bank that relies more on technology and people than on heavy physical assets. This pattern suggests the bank can usually fund its growth and technology investments from internal cash generation, though it may still use capital markets for larger strategic moves. The main watchpoint is how cash flows behave across interest-rate cycles and credit conditions, which can quickly change in banking.

Competitive Edge

Competitive Edge Shore Bancshares competes as a classic community and regional bank with deeper roots rather than cutting-edge technology as its main edge. Its strengths lie in long-standing local relationships in Maryland and neighboring states, especially in small business and agricultural lending, where local knowledge really matters and is harder for national banks to replicate. The merger that increased its scale gives it more lending capacity and room to invest in technology, while still allowing it to present itself as a local bank that knows its customers by name. The flip side is that it faces strong competition from much larger banks on pricing and digital capabilities, and from smaller local institutions on personal service, so maintaining service quality and integration discipline is crucial.

Innovation and R&D

Innovation and R&D The company is not a heavy research-and-development story, but it is steadily modernizing. Its innovation focus is on practical enhancements: a reasonably full-featured mobile and online platform, personal finance tools like spending trackers, and the integration of common payment services such as Zelle. Behind the scenes, it appears to be investing in systems that improve efficiency and help manage costs as it scales. Wealth management and advisory services add another layer of capability that can deepen relationships without requiring large R&D budgets. The key question is whether Shore can continue to upgrade its digital experience fast enough to stay competitive with larger banks and app‑centric players, while preserving its community feel.

Summary

Shore Bancshares has evolved from a smaller community bank into a larger regional player, helped by mergers and steady growth. Its income statement shows a bigger and more profitable franchise than a few years ago, albeit with some bumps during integration periods. The balance sheet has expanded substantially, with capital and liquidity that appear reasonable for its size, and cash flow generation is broadly supportive of ongoing operations and moderate investment. Competitively, its edge is local relationships, agricultural expertise, and personalized service, now supported by a more modern—though not cutting-edge—digital offering. The main opportunities lie in leveraging its increased scale, deepening customer relationships through wealth and advisory services, and further digitizing operations; the main risks are integration execution, credit quality in a shifting economy, and keeping up with rapid technological change in banking.

NEWS

November 13, 2025 · 4:00 PM UTC

Shore Bancshares, Inc. Announces Completion of $60 Million Subordinated Notes Offering

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October 23, 2025 · 4:01 PM UTC

Shore Bancshares, Inc. Reports 2025 Third Quarter Results

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