Shore Bancshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	280.6	269.63	194.34	99.12	64.8
Interest Income on Investments	29.42	25.71	19.74	14.72	5.37
Total Interest Income	310.03	295.34	214.08	113.85	70.17
Interest Paid on Deposits	109.2	115.3	68.8	9.98	4.46
Interest Paid on Borrowings	8.45	9.49	9.97	2.56	1.58
Total Interest Expense	117.65	124.79	78.77	12.54	6.04
Net Interest Income	192.38	170.55	135.31	101.3	64.13
Net Interest Income Growth (YoY)	12.80%	26.05%	33.57%	57.96%	21.93%
Trust Income	3.71	3.37	3.61	1.78	1.88
Mortgage Banking Activities	6.08	0.97	1.54	5.21	0.95
Gain (Loss) on Sale of Investments	-	-	-2.17	-	0
Other Non-Interest Income	16.61	15.64	12.89	10.44	7.27
Total Non-Interest Income	32.69	31.15	24.34	23.09	13.5
Non-Interest Income Growth (YoY)	4.95%	27.95%	5.45%	71.03%	25.57%
Revenues Before Loan Losses	225.07	201.7	159.65	124.39	77.63
Provision for Loan Losses	8.38	4.74	30.95	1.93	-0.36
Revenue	216.69	196.96	128.7	122.46	77.99
Revenue Growth (YoY)	10.02%	53.04%	5.09%	57.03%	31.19%
Salaries and Employee Benefits	71.41	64.85	55.83	45.2	28.11
Federal Deposit Insurance	3.75	4.41	3.48	1.43	1.02
Amortization of Goodwill & Intangibles	8.59	9.78	6.11	1.99	0.73
Selling, General & Administrative	39.46	34.6	25.79	19.47	13.32
Other Non-Interest Expense	14.83	24.61	14.77	10.08	5.09
Total Non-Interest Expense	138.04	138.25	105.97	78.22	48.28
EBT Excluding Unusual Items	78.66	58.7	22.72	44.24	29.71
Other Unusual Items	-	-	8.82	-	-
Pretax Income	78.66	58.7	14.18	42.14	21.18
Income Tax Expense	19.15	14.82	2.96	10.96	5.81
Earnings From Continuing Operations	59.51	43.89	11.23	31.18	15.37
Net Income	59.51	43.89	11.23	31.18	15.37
Net Income to Common	59.51	43.89	11.23	31.18	15.37
Net Income Growth	35.58%	290.89%	-63.99%	102.87%	-2.30%
Basic Shares Outstanding	33	33	27	20	13
Diluted Shares Outstanding	33	33	27	20	13
Shares Change (YoY)	0.37%	25.25%	33.89%	51.28%	5.96%
EPS (Basic)	1.78	1.32	0.42	1.57	1.17
EPS (Diluted)	1.78	1.32	0.42	1.57	1.17
EPS Growth	34.92%	214.12%	-73.25%	34.02%	-7.76%
Dividend Per Share	0.480	0.480	0.480	0.480	0.480
Effective Tax Rate	24.35%	25.24%	20.84%	26.02%	27.44%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q