Shore Bancshares Inc (SHBI) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Shore Bancshares reported revenue of $225.1M, up 11.6% from $201.7M the year before. Net income was $59.5M (a 26.4% net margin), or $1.78 per diluted share. Net interest income was $192.4M, and the efficiency ratio (noninterest expense / revenue) was 61.3%. Operating activities generated $62.4M of cash, leaving $59.2M of free cash flow. At fiscal year end, Shore Bancshares held $6.26B in total assets against $5.67B in total liabilities, including $355.6M of cash and equivalents.
Open the full interactive Shore Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
Shore Bancshares Key Stats
| Share Price | $22.47 |
|---|---|
| Market Cap | $752.3M |
| P/E Ratio | 12.6 |
| Revenue YoY Growth | +11.6% |
| 52-Week Range | $14.81 – $24.46 |
| Shares Outstanding | 33.5 million (basic, 2026 Q2) |
Shore Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $52.6M | $64.1M | $101.3M | $135.3M | $170.5M | $192.4M |
| Provision for Credit Losses | $3.9M | -$358,000 | $1.9M | $31.0M | $4.7M | $8.4M |
| Noninterest Income | $10.7M | $13.5M | $23.1M | $33.2M | $31.1M | $32.7M |
| Noninterest Expense | $38.4M | $56.8M | $80.3M | $123.3M | $138.3M | $138.0M |
| Revenue | $63.3M | $77.6M | $124.4M | $168.5M | $201.7M | $225.1M |
| Pre-Tax Income | $21.0M | $21.2M | $42.1M | $14.2M | $58.7M | $78.7M |
| Income Tax | $5.3M | $5.8M | $11.0M | $3.0M | $14.8M | $19.1M |
| Net Income | $15.7M | $15.4M | $31.2M | $11.2M | $43.9M | $59.5M |
| Diluted EPS | $1.27 | $1.17 | $1.57 | $0.42 | $1.32 | $1.78 |
Shore Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $56.4M | $59.1M | $59.8M | $61.7M |
| Net Income | $14.3M | $15.9M | $17.1M | $18.9M |
| Diluted EPS | $0.43 | $0.48 | $0.51 | $0.56 |
Shore Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $186.9M | $583.6M | $55.5M | $372.4M | $459.9M | $355.6M |
| Loans (Net) | $1.44B | $2.11B | $2.54B | $4.58B | $4.71B | $4.84B |
| Total Assets | $1.93B | $3.46B | $3.48B | $6.01B | $6.23B | $6.26B |
| Deposits | $1.70B | $3.03B | $3.01B | $5.39B | $5.53B | $5.53B |
| Total Long-Term Debt | $24.4M | $52.9M | $43.1M | $72.3M | $73.7M | $89.1M |
| Total Liabilities | $1.74B | $3.11B | $3.11B | $5.50B | $5.69B | $5.67B |
| Shareholders' Equity | $195.0M | $350.7M | $364.3M | $511.1M | $541.1M | $589.9M |
Shore Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $18.4M | -$7.5M | $52.6M | $22.7M | $46.9M | $62.4M |
| Cash From Investing | -$280.1M | $38.2M | -$581.6M | $172.3M | -$134.5M | -$118.3M |
| Cash From Financing | $353.6M | $366.0M | $811,000 | $121.9M | $175.1M | -$48.4M |
| Free Cash Flow | $16.1M | -$11.0M | $50.2M | $16.8M | $41.7M | $59.2M |
| Dividends Paid | $6.0M | $6.6M | $9.5M | — | — | — |
Figures from Shore Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Shore Bancshares financials page for every line item.
Shore Bancshares Company Profile
| Ticker | SHBI |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Easton, Maryland |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001035092 |
Frequently Asked Questions
What was Shore Bancshares' revenue in fiscal 2025?
Shore Bancshares (SHBI) reported revenue of $225.1M for fiscal 2025.
What is Shore Bancshares' annual revenue history?
Shore Bancshares' annual revenue by fiscal year: 2020: $63.3M; 2021: $77.6M; 2022: $124.4M; 2023: $168.5M; 2024: $201.7M; 2025: $225.1M.
What was Shore Bancshares' net income in fiscal 2025?
Shore Bancshares reported net income of $59.5M for fiscal 2025.
What was Shore Bancshares' earnings per share (EPS) in fiscal 2025?
Shore Bancshares' diluted EPS was $1.78 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Shore Bancshares generate in fiscal 2025?
Shore Bancshares generated $59.2M of free cash flow in fiscal 2025.
What was Shore Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), Shore Bancshares reported revenue of $61.7M.
How much debt does Shore Bancshares have?
Shore Bancshares reported $89.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Shore Bancshares are outstanding?
Shore Bancshares reported a weighted average of 33.5 million basic shares outstanding in 2026 Q2.
What is Shore Bancshares' market cap?
Based on its latest closing price, Shore Bancshares (SHBI) has a market capitalization of about $752.3M.
When does Shore Bancshares' fiscal year end?
Shore Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is Shore Bancshares headquartered?
Shore Bancshares lists its business address in Easton, Maryland in its SEC filings.