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Stocks · Financials · National Commercial Banks

SHORE BANCSHARES INC

SHBI Clue Score72
United States Fiscal year ends December CIK 0001035092
$22.27 -1.37% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $22.27 +21.36% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Net income9.6EPS, diluted0.76Fiscal year 2017Net income11.3 +16.8%EPS, diluted0.89Fiscal year 2018Revenue8.9Net income25.0 +122.0%EPS, diluted1.96Fiscal year 2019Revenue9.5 +6.7%Net income16.2 −35.2%EPS, diluted1.27Fiscal year 2020Revenue9.2 −2.7%Net income15.7 −2.9%EPS, diluted1.27Fiscal year 2021Revenue11.0 +19.6%Net income15.4 −2.3%EPS, diluted1.17Fiscal year 2022Revenue15.3 +39.4%Net income31.2 +102.9%EPS, diluted1.57Fiscal year 2023Revenue18.3 +19.5%Net income11.2 −64.0%EPS, diluted0.42Fiscal year 2024Revenue20.9 +14.0%Net income43.9 +290.9%EPS, diluted1.32Fiscal year 2025Revenue20.9 −0.3%Net income59.5 +35.6%EPS, diluted1.78
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 8.9 9.5 9.2 11.0 15.3 18.3 20.9 20.9
Growth +6.7% −2.7% +19.6% +39.4% +19.5% +14.0% −0.3%
Net income 9.6 11.3 25.0 16.2 15.7 15.4 31.2 11.2 43.9 59.5
Growth +16.8% +122.0% −35.2% −2.9% −2.3% +102.9% −64.0% +290.9% +35.6%
EPS, diluted 0.76 0.89 1.96 1.27 1.27 1.17 1.57 0.42 1.32 1.78

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Net margin281.9%Free cash flow margin193.6%Fiscal year 2019Net margin171.2%Free cash flow margin121.5%Fiscal year 2020Net margin170.9%Free cash flow margin174.4%Fiscal year 2021Net margin139.6%Free cash flow margin−99.5%Fiscal year 2022Net margin203.2%Free cash flow margin327.5%Fiscal year 2023Net margin61.2%Free cash flow margin91.4%Fiscal year 2024Net margin209.9%Free cash flow margin199.2%Fiscal year 2025Net margin285.4%Free cash flow margin284.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a 281.9% 171.2% 170.9% 139.6% 203.2% 61.2% 209.9% 285.4%
Free cash flow margin n/a n/a 193.6% 121.5% 174.4% −99.5% 327.5% 91.4% 199.2% 284.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow19.0Capital expenditure−0.7Free cash flow18.3Dividends paid−1.8Fiscal year 2017Operating cash flow19.5Capital expenditure−1.3Free cash flow18.3 −0.3%Dividends paid0.0Fiscal year 2018Operating cash flow18.3Capital expenditure−1.1Free cash flow17.2 −6.0%Dividends paid−4.0Fiscal year 2019Operating cash flow13.7Capital expenditure−2.2Free cash flow11.5 −33.0%Dividends paid0.0Fiscal year 2020Operating cash flow18.4Capital expenditure−2.4Free cash flow16.1 +39.6%Dividends paid0.0Fiscal year 2021Operating cash flow−7.5Capital expenditure−3.5Free cash flow−11.0 −168.2%Dividends paid−6.6Fiscal year 2022Operating cash flow52.6Capital expenditure−2.4Free cash flow50.2Dividends paid−9.5Fiscal year 2023Operating cash flow22.7Capital expenditure−6.0Free cash flow16.8 −66.6%Dividends paid−12.7Fiscal year 2024Operating cash flow46.9Capital expenditure−5.2Free cash flow41.7 +148.6%Dividends paid−16.0Fiscal year 2025Operating cash flow62.4Capital expenditure−3.2Free cash flow59.2 +42.1%Dividends paid−16.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 19.0 19.5 18.3 13.7 18.4 −7.5 52.6 22.7 46.9 62.4
Capital expenditure −0.7 −1.3 −1.1 −2.2 −2.4 −3.5 −2.4 −6.0 −5.2 −3.2
Free cash flow 18.3 18.3 17.2 11.5 16.1 −11.0 50.2 16.8 41.7 59.2
Growth −0.3% −6.0% −33.0% +39.6% −168.2% −66.6% +148.6% +42.1%
Dividends paid −1.8 0.0 −4.0 0.0 0.0 −6.6 −9.5 −12.7 −16.0 −16.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash75.9Shareholders’ equity154.3Fiscal year 2017Cash31.8Shareholders’ equity163.7Fiscal year 2018Cash67.2Total debt15.0Net cash (debt)52.2Shareholders’ equity183.2Debt to equity0.08Fiscal year 2019Cash95.0Total debt15.0Net cash (debt)80.0Shareholders’ equity192.8Debt to equity0.08Fiscal year 2020Cash186.9Shareholders’ equity195.0Fiscal year 2021Cash583.6Shareholders’ equity350.7Fiscal year 2022Cash55.5Total debt43.1Net cash (debt)12.4Shareholders’ equity364.3Debt to equity0.12Fiscal year 2023Cash372.4Total debt72.7Net cash (debt)299.7Shareholders’ equity511.1Debt to equity0.14Fiscal year 2024Cash459.9Total debt73.7Net cash (debt)386.1Shareholders’ equity541.1Debt to equity0.14Fiscal year 2025Cash355.6Total debt89.1Net cash (debt)266.5Shareholders’ equity589.9Debt to equity0.15
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 75.9 31.8 67.2 95.0 186.9 583.6 55.5 372.4 459.9 355.6
Total debt n/a n/a 15.0 15.0 n/a n/a 43.1 72.7 73.7 89.1
Net cash (debt) n/a n/a 52.2 80.0 n/a n/a 12.4 299.7 386.1 266.5
Shareholders’ equity 154.3 163.7 183.2 192.8 195.0 350.7 364.3 511.1 541.1 589.9
Debt to equity n/a n/a 0.08 0.08 n/a n/a 0.12 0.14 0.14 0.15

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a n/a 8.9 9.5 9.2 11.0 15.3 18.3 20.9 20.9
Growth +6.7% −2.7% +19.6% +39.4% +19.5% +14.0% −0.3%
15.9 18.0 21.1 21.9 21.0 21.2 42.1 14.2 58.7 78.7
6.3 8.7 5.4 5.6 5.3 5.8 11.0 3.0 14.8 19.1
9.6 11.3 25.0 16.2 15.7 15.4 31.2 11.2 43.9 59.5
Growth +16.8% +122.0% −35.2% −2.9% −2.3% +102.9% −64.0% +290.9% +35.6%
Per share
0.76 0.89 1.96 1.27 1.27 1.17 1.57 0.42 1.32 1.78
0.76 0.89 1.96 1.27 1.27 1.17 1.57 0.42 1.32 1.78
Growth +17.1% +120.2% −35.2% +0.0% −7.9% +34.2% −73.2% +214.3% +34.8%
12.7 12.7 12.7 12.7 12.4 13.1 19.8 26.6 33.3 33.4
12.7 12.7 12.8 12.7 12.4 13.1 19.8 26.6 33.3 33.4
Growth +0.4% +0.3% −0.2% −2.7% +6.0% +51.3% +33.9% +25.3% +0.4%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 17.8% a year over five years.
  • Profitable in every one of the 10 years on file.