Shore Bancshares, Inc. (SHBI)

Shore Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	268.12	194.34	99.12	64.8	56.42	55.39
Interest Income on Investments	21.95	19.74	14.72	5.37	3.26	4.38
Total Interest Income	290.07	214.08	113.85	70.17	59.68	59.77
Interest Paid on Deposits	113.07	68.8	9.98	4.46	6.44	8.73
Interest Paid on Borrowings	8.94	9.97	2.56	1.58	0.64	0.91
Total Interest Expense	122.01	78.77	12.54	6.04	7.08	9.64
Net Interest Income	168.06	135.31	101.3	64.13	52.6	50.13
Net Interest Income Growth (YoY)	39.21%	33.57%	57.96%	21.93%	4.92%	-1.00%
Trust Income	3.35	3.61	1.78	1.88	1.56	1.52
Mortgage Banking Activities	5.07	4.51	5.21	0.95	-	-
Gain (Loss) on Sale of Investments	-	-2.17	-	0	0.35	-
Other Non-Interest Income	15.36	12.89	10.44	7.27	6.01	4.59
Total Non-Interest Income	29.84	24.34	23.09	13.5	10.75	10.02
Non-Interest Income Growth (YoY)	31.69%	5.44%	71.03%	25.57%	7.28%	11.17%
Revenues Before Loan Losses	197.9	159.65	124.39	77.63	63.35	60.15
Provision for Loan Losses	4.86	30.95	1.93	-0.36	3.9	0.7
Revenue	193.05	128.7	122.46	77.99	59.45	59.45
Revenue Growth (YoY)	71.02%	5.09%	57.03%	31.19%	-0.01%	2.55%
Salaries and Employee Benefits	64.41	55.83	45.2	28.11	21.13	20.55
Federal Deposit Insurance	5.13	3.48	1.43	1.02	0.49	0.34
Amortization of Goodwill & Intangibles	10.08	6.11	1.99	0.73	0.53	0.61
Selling, General & Administrative	33.14	25.79	19.47	13.32	11.83	10.93
Other Non-Interest Expense	24.62	14.77	10.08	5.09	4.37	4.71
Total Non-Interest Expense	137.38	105.97	78.22	48.28	38.4	37.56
EBT Excluding Unusual Items	55.67	22.72	44.24	29.71	21.05	21.89
Other Unusual Items	-	8.82	-	-	-	-
Pretax Income	55.07	14.18	42.14	21.18	21.05	21.89
Income Tax Expense	13.97	2.96	10.96	5.81	5.32	5.61
Earnings From Continuing Operations	41.1	11.23	31.18	15.37	15.73	16.28
Earnings From Discontinued Operations	-	-	-	-	-	-0.09
Net Income	41.1	11.23	31.18	15.37	15.73	16.2
Net Income to Common	41.1	11.23	31.18	15.37	15.73	16.2
Net Income Growth	349.34%	-63.99%	102.87%	-2.30%	-2.89%	-35.20%
Basic Shares Outstanding	33	27	20	13	12	13
Diluted Shares Outstanding	33	27	20	13	12	13
Shares Change (YoY)	43.13%	33.89%	51.28%	5.96%	-2.74%	-0.18%
EPS (Basic)	1.24	0.42	1.57	1.17	1.27	1.27
EPS (Diluted)	1.23	0.42	1.57	1.17	1.27	1.27
EPS Growth	215.35%	-73.25%	34.02%	-7.76%	-0.23%	-35.13%
Dividend Per Share	0.480	0.480	0.480	0.480	0.480	0.420
Dividend Growth	0%	0%	0%	0%	14.29%	31.25%
Effective Tax Rate	25.37%	20.84%	26.02%	27.44%	25.26%	25.62%

Source: S&P Capital IQ. Banks template. Financial Sources.