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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	275.7	269.63	194.34	99.12	64.8	56.42
Interest Income on Investments	30.57	25.71	19.74	14.72	5.37	3.26
Total Interest Income	306.28	295.34	214.08	113.85	70.17	59.68
Interest Paid on Deposits	112.28	115.3	68.8	9.98	4.46	6.44
Interest Paid on Borrowings	8.05	9.49	9.97	2.56	1.58	0.64
Total Interest Expense	120.33	124.79	78.77	12.54	6.04	7.08
Net Interest Income	185.95	170.55	135.31	101.3	64.13	52.6
Net Interest Income Growth (YoY)	10.64%	26.05%	33.57%	57.96%	21.93%	4.92%
Trust Income	3.52	3.37	3.61	1.78	1.88	1.56
Mortgage Banking Activities	1.9	0.97	1.54	5.21	0.95	-
Gain (Loss) on Sale of Investments	-	-	-2.17	-	0	0.35
Other Non-Interest Income	16.19	15.64	12.89	10.44	7.27	6.01
Total Non-Interest Income	32.87	31.15	24.34	23.09	13.5	10.75
Non-Interest Income Growth (YoY)	10.17%	27.95%	5.45%	71.03%	25.57%	7.27%
Revenues Before Loan Losses	218.82	201.7	159.65	124.39	77.63	63.35
Provision for Loan Losses	6.33	4.74	30.95	1.93	-0.36	3.9
Revenue	212.49	196.96	128.7	122.46	77.99	59.45
Revenue Growth (YoY)	10.07%	53.04%	5.09%	57.03%	31.19%	-0.01%
Salaries and Employee Benefits	68.3	64.85	55.83	45.2	28.11	21.13
Federal Deposit Insurance	3.92	4.41	3.48	1.43	1.02	0.49
Amortization of Goodwill & Intangibles	8.89	9.78	6.11	1.99	0.73	0.53
Selling, General & Administrative	35.95	34.6	25.79	19.47	13.32	11.83
Other Non-Interest Expense	19.42	24.61	14.77	10.08	5.09	4.37
Total Non-Interest Expense	136.48	138.25	105.97	78.22	48.28	38.4
EBT Excluding Unusual Items	76.01	58.7	22.72	44.24	29.71	21.05
Other Unusual Items	-	-	8.82	-	-	-
Pretax Income	76.01	58.7	14.18	42.14	21.18	21.05
Income Tax Expense	19.11	14.82	2.96	10.96	5.81	5.32
Earnings From Continuing Operations	56.9	43.89	11.23	31.18	15.37	15.73
Net Income	56.9	43.89	11.23	31.18	15.37	15.73
Net Income to Common	56.9	43.89	11.23	31.18	15.37	15.73
Net Income Growth	38.45%	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)	0.42%	25.25%	33.89%	51.28%	5.96%	-2.74%
EPS (Basic)	1.71	1.32	0.42	1.57	1.17	1.27
EPS (Diluted)	1.71	1.32	0.42	1.57	1.17	1.27
EPS Growth	38.19%	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	25.14%	25.24%	20.84%	26.02%	27.44%	25.26%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q