Shore Bancshares, Inc. (SHBI)

Shore Bancshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	273.93	269.63	194.34	99.12	64.8	56.42
Interest Income on Investments	29.85	25.71	19.74	14.72	5.37	3.26
Total Interest Income	303.78	295.34	214.08	113.85	70.17	59.68
Interest Paid on Deposits	114.66	115.3	68.8	9.98	4.46	6.44
Interest Paid on Borrowings	8.56	9.49	9.97	2.56	1.58	0.64
Total Interest Expense	123.22	124.79	78.77	12.54	6.04	7.08
Net Interest Income	180.56	170.55	135.31	101.3	64.13	52.6
Net Interest Income Growth (YoY)	5.95%	26.05%	33.57%	57.96%	21.93%	4.92%
Trust Income	3.5	3.37	3.61	1.78	1.88	1.56
Mortgage Banking Activities	1.35	0.97	1.54	5.21	0.95	-
Gain (Loss) on Sale of Investments	-	-	-2.17	-	0	0.35
Other Non-Interest Income	15.95	15.64	12.89	10.44	7.27	6.01
Total Non-Interest Income	32.46	31.15	24.34	23.09	13.5	10.75
Non-Interest Income Growth (YoY)	13.01%	27.95%	5.45%	71.03%	25.57%	7.27%
Revenues Before Loan Losses	213.02	201.7	159.65	124.39	77.63	63.35
Provision for Loan Losses	4.81	4.74	30.95	1.93	-0.36	3.9
Revenue	208.21	196.96	128.7	122.46	77.99	59.45
Revenue Growth (YoY)	24.24%	53.04%	5.09%	57.03%	31.19%	-0.01%
Salaries and Employee Benefits	65.98	64.85	55.83	45.2	28.11	21.13
Federal Deposit Insurance	4.29	4.41	3.48	1.43	1.02	0.49
Amortization of Goodwill & Intangibles	9.18	9.78	6.11	1.99	0.73	0.53
Selling, General & Administrative	35.88	34.6	25.79	19.47	13.32	11.83
Other Non-Interest Expense	25.26	24.61	14.77	10.08	5.09	4.37
Total Non-Interest Expense	140.59	138.25	105.97	78.22	48.28	38.4
EBT Excluding Unusual Items	67.62	58.7	22.72	44.24	29.71	21.05
Other Unusual Items	4.38	-	8.82	-	-	-
Pretax Income	72	58.7	14.18	42.14	21.18	21.05
Income Tax Expense	18.25	14.82	2.96	10.96	5.81	5.32
Earnings From Continuing Operations	53.74	43.89	11.23	31.18	15.37	15.73
Net Income	53.74	43.89	11.23	31.18	15.37	15.73
Net Income to Common	53.74	43.89	11.23	31.18	15.37	15.73
Net Income Growth	166.43%	290.89%	-63.99%	102.87%	-2.30%	-2.89%
Basic Shares Outstanding	33	33	27	20	13	12
Diluted Shares Outstanding	33	33	27	20	13	12
Shares Change (YoY)	0.41%	25.25%	33.89%	51.28%	5.96%	-2.74%
EPS (Basic)	1.61	1.32	0.42	1.57	1.17	1.27
EPS (Diluted)	1.61	1.32	0.42	1.57	1.17	1.27
EPS Growth	169.45%	214.12%	-73.25%	34.02%	-7.76%	-0.23%
Dividend Per Share	0.480	0.480	0.480	0.480	0.480	0.480
Dividend Growth	-	-	-	-	-	14.29%
Effective Tax Rate	25.35%	25.24%	20.84%	26.02%	27.44%	25.26%

Updated May 8, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q