Shore Bancshares Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Shore Bancshares Inc's revenue grew 14.0% year-over-year to $20.9M, a solid pace of expansion. This earns a growth score of 69/100.
Shore Bancshares Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Shore Bancshares Inc converts 199.3% of revenue into free cash flow ($41.7M). This strong cash generation earns a score of 100/100.
Shore Bancshares Inc's ROE of 8.1% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 2.2% the prior year.
Shore Bancshares Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Shore Bancshares Inc generates $1.07 in operating cash flow ($46.9M OCF vs $43.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Shore Bancshares Inc (SHBI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Shore Bancshares Inc generated $20.9M in revenue in fiscal year 2024. This represents an increase of 14.0% from the prior year.
Shore Bancshares Inc generated $41.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 148.6% from the prior year.
Shore Bancshares Inc reported $43.9M in net income in fiscal year 2024. This represents an increase of 290.9% from the prior year.
Shore Bancshares Inc earned $1.32 per diluted share (EPS) in fiscal year 2024. This represents an increase of 214.3% from the prior year.
Shore Bancshares Inc held $459.9M in cash against $73.7M in long-term debt as of fiscal year 2024.
Shore Bancshares Inc paid $0.48 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Shore Bancshares Inc had 33M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Shore Bancshares Inc's net profit margin was 209.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 148.7 percentage points from the prior year.
Shore Bancshares Inc's ROE was 8.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.9 percentage points from the prior year.
Shore Bancshares Inc invested $5.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 12.3% from the prior year.
SHBI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1M-10.1% | $5.7M+23.0% | $4.6M-25.3% | $6.2M+18.2% | $5.3M+11.5% | $4.7M+3.8% | $4.5M-28.5% | $6.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $28.5M-2.8% | $29.4M-2.2% | $30.0M-7.3% | $32.4M+4.6% | $31.0M+3.2% | $30.0M+1.3% | $29.6M+15.5% | $25.6M |
| Income Tax | $4.6M-9.5% | $5.1M+14.1% | $4.5M-7.5% | $4.9M+29.0% | $3.8M+56.1% | $2.4M-39.9% | $4.0M+180.5% | -$5.0M |
| Net Income | $14.3M-7.5% | $15.5M+12.7% | $13.8M+3.6% | $13.3M+18.2% | $11.2M+37.3% | $8.2M-22.0% | $10.5M+207.7% | -$9.7M |
| EPS (Diluted) | $0.43-6.5% | $0.46+12.2% | $0.41+5.1% | $0.39+14.7% | $0.34+36.0% | $0.25+31.6% | $0.19+165.5% | $-0.29 |
SHBI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.3B+4.0% | $6.0B-2.2% | $6.2B-0.9% | $6.2B+6.3% | $5.9B+0.7% | $5.8B-3.1% | $6.0B+5.4% | $5.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $416.5M+125.2% | $185.0M-52.4% | $389.0M-15.4% | $459.9M+231.1% | $138.9M+21.2% | $114.6M-69.2% | $372.4M+242.6% | $108.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M |
| Total Liabilities | $5.7B+4.2% | $5.5B-2.7% | $5.6B-1.2% | $5.7B+6.5% | $5.3B+0.6% | $5.3B-3.4% | $5.5B+5.7% | $5.2B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $74.5M+0.3% | $74.2M+0.4% | $74.0M+0.4% | $73.7M-40.0% | $122.8M+69.3% | $72.6M-0.2% | $72.7M+0.9% | $72.0M |
| Total Equity | $577.2M+2.1% | $565.2M+2.3% | $552.5M+2.1% | $541.1M+3.5% | $522.8M+1.5% | $515.2M+0.8% | $511.1M+1.9% | $501.6M |
| Retained Earnings | $221.7M+4.9% | $211.4M+5.8% | $199.9M+5.1% | $190.2M+9.5% | $173.7M+4.3% | $166.5M+2.6% | $162.3M+4.2% | $155.8M |
SHBI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.5M+609.4% | -$8.3M-142.1% | $19.8M-39.0% | $32.4M+969.6% | $3.0M+27.0% | $2.4M-93.4% | $36.1M+250.3% | -$24.0M |
| Capital Expenditures | $586K-33.5% | $881K-14.0% | $1.0M-18.4% | $1.3M-20.9% | $1.6M-10.5% | $1.8M-22.9% | $2.3M+22.0% | $1.9M |
| Free Cash Flow | $41.9M+554.3% | -$9.2M-149.1% | $18.8M-39.8% | $31.2M+2056.7% | $1.4M+135.3% | $614K-98.2% | $33.8M+230.4% | -$25.9M |
| Investing Cash Flow | -$20.8M+53.6% | -$44.9M-145.5% | -$18.3M+66.4% | -$54.4M-172.1% | -$20.0M+63.1% | -$54.2M-22.5% | -$44.2M-111.2% | $396.2M |
| Financing Cash Flow | $209.9M+239.1% | -$150.8M-108.4% | -$72.4M-124.3% | $298.3M+622.2% | $41.3M+120.0% | -$206.1M-175.8% | $271.9M+187.9% | -$309.3M |
| Dividends Paid | $4.1M+1.2% | $4.0M-0.7% | $4.0M+0.8% | $4.0M-0.2% | $4.0M+0.6% | $4.0M+0.1% | $4.0M+0.1% | $4.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SHBI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 279.6%+7.9pp | 271.7%-24.9pp | 296.6%+82.7pp | 213.9%+0.0pp | 213.9%+40.1pp | 173.8%-57.4pp | 231.2%+384.5pp | -153.4% |
| Return on Equity | 2.5%-0.3pp | 2.7%+0.3pp | 2.5%+0.0pp | 2.5%+0.3pp | 2.1%+0.6pp | 1.6%-0.5pp | 2.1% | N/A |
| Return on Assets | 0.2%-0.0pp | 0.3%+0.0pp | 0.2%+0.0pp | 0.2%+0.0pp | 0.2%+0.1pp | 0.1%-0.0pp | 0.2%+0.3pp | -0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.130.0 | 0.130.0 | 0.130.0 | 0.14-0.1 | 0.23+0.1 | 0.140.0 | 0.140.0 | 0.14 |
| FCF Margin | 816.1%+977.6pp | -161.5%-565.8pp | 404.3%-97.6pp | 501.9%+474.4pp | 27.5%+14.5pp | 13.0%-731.1pp | 744.1%+1151.9pp | -407.8% |
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Frequently Asked Questions
What is Shore Bancshares Inc's annual revenue?
Shore Bancshares Inc (SHBI) reported $20.9M in total revenue for fiscal year 2024. This represents a 14.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Shore Bancshares Inc's revenue growing?
Shore Bancshares Inc (SHBI) revenue grew by 14% year-over-year, from $18.3M to $20.9M in fiscal year 2024.
Is Shore Bancshares Inc profitable?
Yes, Shore Bancshares Inc (SHBI) reported a net income of $43.9M in fiscal year 2024, with a net profit margin of 209.9%.
What is Shore Bancshares Inc's earnings per share (EPS)?
Shore Bancshares Inc (SHBI) reported diluted earnings per share of $1.32 for fiscal year 2024. This represents a 214.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Shore Bancshares Inc have?
As of fiscal year 2024, Shore Bancshares Inc (SHBI) had $459.9M in cash and equivalents against $73.7M in long-term debt.
What is Shore Bancshares Inc's net profit margin?
Shore Bancshares Inc (SHBI) had a net profit margin of 209.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Shore Bancshares Inc pay dividends?
Yes, Shore Bancshares Inc (SHBI) paid $0.48 per share in dividends during fiscal year 2024.
What is Shore Bancshares Inc's return on equity (ROE)?
Shore Bancshares Inc (SHBI) has a return on equity of 8.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Shore Bancshares Inc's free cash flow?
Shore Bancshares Inc (SHBI) generated $41.7M in free cash flow during fiscal year 2024. This represents a 148.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Shore Bancshares Inc's operating cash flow?
Shore Bancshares Inc (SHBI) generated $46.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Shore Bancshares Inc's total assets?
Shore Bancshares Inc (SHBI) had $6.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Shore Bancshares Inc's capital expenditures?
Shore Bancshares Inc (SHBI) invested $5.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Shore Bancshares Inc have outstanding?
Shore Bancshares Inc (SHBI) had 33M shares outstanding as of fiscal year 2024.
What is Shore Bancshares Inc's debt-to-equity ratio?
Shore Bancshares Inc (SHBI) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Shore Bancshares Inc's return on assets (ROA)?
Shore Bancshares Inc (SHBI) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Shore Bancshares Inc's Piotroski F-Score?
Shore Bancshares Inc (SHBI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Shore Bancshares Inc's earnings high quality?
Shore Bancshares Inc (SHBI) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Shore Bancshares Inc?
Shore Bancshares Inc (SHBI) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.