Shore Bancshares Inc Financials
Shore Bancshares Inc (SHBI) reported $20.9M in revenue for fiscal year 2025, down 0.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Shore’s profit growth is coming from a steadier asset base, with more cash and earnings extracted per dollar of assets.
Assets barely moved between FY2023 and FY2025, yet net income climbed from$11.2M to$59.5M . Equity reached$589.9M while financing cash turned to-$48.4M in FY2025, pointing to better earnings per dollar of assets and more internal capital generation rather than growth by making the balance sheet bigger.
Since FY2022, operating cash flow has stayed above net income each year, including
FY2025 return on assets was only
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Shore Bancshares Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Shore Bancshares Inc, and counted as zero in the overall score.
Shore Bancshares Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Shore Bancshares Inc generates $1.05 in operating cash flow ($62.4M OCF vs $59.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Shore Bancshares Inc generated $20.9M in revenue in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Shore Bancshares Inc reported $59.5M in net income in fiscal year 2025. This represents an increase of 35.6% from the prior year.
Shore Bancshares Inc earned $1.78 per diluted share (EPS) in fiscal year 2025. This represents an increase of 34.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Shore Bancshares Inc generated $59.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.1% from the prior year.
Shore Bancshares Inc held $355.6M in cash against $89.1M in long-term debt as of fiscal year 2025.
Shore Bancshares Inc paid $0.48 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Shore Bancshares Inc's ROE was 10.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Shore Bancshares Inc invested $3.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 39.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
SHBI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.7M | $20.9M-0.3% | $20.9M+14.0% | $18.3M+19.5% | $15.3M+39.4% | $11.0M+19.6% | $9.2M-2.7% | $9.5M+6.7% | $8.9M-81.5% | $48.0M+18.0% | $40.7M+4.6% | $38.9M+1.5% | $38.3M-7.4% | $41.4M-9.9% | $45.9M-9.7% | $50.9M |
| SG&A Expenses | $142.6M | $138.0M-0.2% | $138.3M+12.1% | $123.3M+53.5% | $80.3M+41.4% | $56.8M+47.9% | $38.4M+2.2% | $37.6M+2.0% | $36.8M+9.5% | $33.6M-9.4% | $37.1M-0.5% | $37.4M-5.1% | $39.4M-3.3% | $40.7M+2.9% | $39.6M+1.0% | $39.2M |
| Interest Expense | $108.6M | $117.7M-5.7% | $124.8M+58.4% | $78.8M+528.0% | $12.5M+107.7% | $6.0M-14.7% | $7.1M-26.5% | $9.6M+82.8% | $5.3M+131.9% | $2.3M-5.4% | $2.4M-28.2% | $3.3M-21.2% | $4.2M-34.4% | $6.5M-38.7% | $10.6M-4.7% | $11.1M |
| Income Tax | $21.4M | $19.1M+29.3% | $14.8M+401.2% | $3.0M-73.0% | $11.0M+88.6% | $5.8M+9.3% | $5.3M-5.2% | $5.6M+4.3% | $5.4M-38.4% | $8.7M+39.5% | $6.3M+42.0% | $4.4M+44.0% | $3.1M+147.1% | -$6.5M+1.0% | -$6.6M-897.7% | -$658K |
| Net Income | $66.2M | $59.5M+35.6% | $43.9M+290.9% | $11.2M-64.0% | $31.2M+102.9% | $15.4M-2.3% | $15.7M-2.9% | $16.2M-35.2% | $25.0M+122.0% | $11.3M+16.8% | $9.6M+35.6% | $7.1M+40.7% | $5.1M+152.4% | -$9.6M0.0% | -$9.6M-974.5% | -$897K |
| EPS (Diluted) | — | $1.78+34.8% | $1.32+214.3% | $0.42-73.2% | $1.57 | $1.17-7.9% | $1.270.0% | $1.27-35.2% | $1.96+120.2% | $0.89+17.1% | $0.76+35.7% | $0.56+21.7% | $0.46+140.4% | -$1.140.0% | -$1.14-936.4% | -$0.11 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SHBI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.3B+0.5% | $6.2B+3.7% | $6.0B+72.9% | $3.5B+0.5% | $3.5B+79.0% | $1.9B+24.0% | $1.6B+5.1% | $1.5B+6.4% | $1.4B+20.1% | $1.2B+2.2% | $1.1B+3.2% | $1.1B+4.4% | $1.1B-11.1% | $1.2B+2.4% | $1.2B |
| Cash & Equivalents | $355.6M-22.7% | $459.9M+23.5% | $372.4M+571.0% | $55.5M-90.5% | $583.6M+212.2% | $186.9M+96.8% | $95.0M+41.3% | $67.2M+111.3% | $31.8M-58.1% | $75.9M+2.9% | $73.8M-23.3% | $96.2M-26.6% | $131.1M-34.5% | $200.2M+56.7% | $127.7M |
| Goodwill | $63.3M0.0% | $63.3M0.0% | $63.3M0.0% | $63.3M-0.2% | $63.4M+262.0% | $17.5M0.0% | $17.5M0.0% | $17.5M0.0% | $17.5M+46.8% | $11.9M0.0% | $11.9M0.0% | $11.9M-4.2% | $12.5M0.0% | $12.5M0.0% | $12.5M |
| Total Liabilities | $5.7B-0.4% | $5.7B+3.5% | $5.5B+76.7% | $3.1B+0.1% | $3.1B+78.9% | $1.7B+27.2% | $1.4B+5.1% | $1.3B+5.7% | $1.2B+22.3% | $1.0B+1.8% | $988.2M+2.9% | $959.9M+1.0% | $950.8M-11.3% | $1.1B+3.4% | $1.0B |
| Long-Term Debt | $89.1M+20.8% | $73.7M+1.4% | $72.7M+68.7% | $43.1M | N/A | N/A | $15.0M0.0% | $15.0M | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $455K |
| Total Equity | $589.9M+9.0% | $541.1M+5.9% | $511.1M+40.3% | $364.3M+3.9% | $350.7M+79.8% | $195.0M+1.1% | $192.8M+5.2% | $183.2M+11.9% | $163.7M+6.1% | $154.3M+5.0% | $147.0M+4.6% | $140.5M+36.0% | $103.3M-9.4% | $114.0M-6.0% | $121.2M |
| Retained Earnings | $233.6M+22.8% | $190.2M+17.2% | $162.3M-5.4% | $171.6M+14.4% | $150.0M+6.2% | $141.2M+7.4% | $131.4M+9.0% | $120.6M+21.0% | $99.7M+9.6% | $91.0M+9.5% | $83.1M+8.6% | $76.5M+7.1% | $71.4M-11.9% | $81.1M-10.7% | $90.8M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
SHBI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $90.1M | $62.4M+33.1% | $46.9M+106.4% | $22.7M-56.9% | $52.6M+801.7% | -$7.5M-140.7% | $18.4M+34.1% | $13.7M-24.9% | $18.3M-6.3% | $19.5M+2.6% | $19.0M+25.8% | $15.1M+14.7% | $13.2M-33.6% | $19.8M-7.2% | $21.4M-2.5% | $21.9M |
| Capital Expenditures | $2.9M | $3.2M-39.4% | $5.2M-12.3% | $6.0M+146.5% | $2.4M-30.0% | $3.5M+45.3% | $2.4M+5.8% | $2.2M+98.1% | $1.1M-10.0% | $1.3M+80.1% | $699K-54.0% | $1.5M-26.9% | $2.1M+281.1% | $545K-75.2% | $2.2M+81.1% | $1.2M |
| Free Cash Flow | $87.2M | $59.2M+42.1% | $41.7M+148.6% | $16.8M-66.6% | $50.2M+558.6% | -$11.0M-168.2% | $16.1M+39.6% | $11.5M-33.0% | $17.2M-6.0% | $18.3M-0.3% | $18.3M+34.7% | $13.6M+22.5% | $11.1M-42.5% | $19.3M+0.6% | $19.2M-7.4% | $20.7M |
| Investing Cash Flow | -$47.9M | -$118.3M+12.1% | -$134.5M-178.1% | $172.3M+129.6% | -$581.6M-1622.7% | $38.2M+113.6% | -$280.1M-513.2% | -$45.7M-7.6% | -$42.5M+41.3% | -$72.3M-114.3% | -$33.7M+48.4% | -$65.3M | N/A | N/A | $16.2M+621.3% | -$3.1M |
| Financing Cash Flow | $30.5M | -$48.4M-127.6% | $175.1M+43.6% | $121.9M+14929.3% | $811K-99.8% | $366.0M+3.5% | $353.6M+492.5% | $59.7M+0.2% | $59.6M+587.6% | $8.7M-48.6% | $16.8M-39.5% | $27.8M | N/A | N/A | $34.9M+12.6% | $31.0M |
| Dividends Paid | $16.8M | $16.1M+0.5% | $16.0M+25.8% | $12.7M+33.6% | $9.5M+44.2% | $6.6M+11.0% | $6.0M+11.3% | $5.3M+31.1% | $4.1M+46.2% | $2.8M+57.5% | $1.8M+250.0% | $506K | $0 | $0-100.0% | $85K-88.8% | $760K |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SHBI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 285.4% | 209.9% | 61.2% | 203.2% | 139.6% | 170.9% | 171.2% | 281.9% | 23.5%-0.2pp | 23.7%+5.4pp | 18.3%+5.1pp | 13.2%+36.5pp | -23.3%-2.3pp | -21.0%-19.2pp | -1.8% |
| Return on Equity | 10.1%+2.0pp | 8.1%+5.9pp | 2.2%-6.4pp | 8.6%+4.2pp | 4.4%-3.7pp | 8.1%-0.3pp | 8.4%-5.3pp | 13.7%+6.8pp | 6.9%+0.6pp | 6.3%+1.4pp | 4.8%+1.2pp | 3.6%+12.9pp | -9.3%-0.9pp | -8.5%-7.7pp | -0.7% |
| Return on Assets | 0.9%+0.2pp | 0.7%+0.5pp | 0.2%-0.7pp | 0.9%+0.5pp | 0.4%-0.4pp | 0.8%-0.2pp | 1.0%-0.6pp | 1.7%+0.9pp | 0.8%0.0pp | 0.8%+0.2pp | 0.6%+0.2pp | 0.5%+1.4pp | -0.9%-0.1pp | -0.8%-0.7pp | -0.1% |
| Debt-to-Equity | 0.150.0x | 0.140.0x | 0.140.0x | 0.12-8.7x | 8.870.0x | 8.91+8.8x | 0.080.0x | 0.08-7.4x | 7.51+1.0x | 6.52-0.2x | 6.72-0.1x | 6.83-2.4x | 9.20+9.2x | 0.000.0x | 0.00 |
| FCF Margin | 284.0% | 199.3% | 91.4% | 327.5% | -99.5% | 174.4% | 121.5% | 193.6% | 38.1%-7.0pp | 45.1%+10.1pp | 35.0%+6.0pp | 29.0%-17.7pp | 46.7%+4.9pp | 41.8%+1.1pp | 40.7% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
