Shore Bancshares, Inc. (SHBI)

Shore Bancshares Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	263.83	194.34	99.12	64.8	56.42	55.39
Interest Income on Investments	22.8	19.74	14.72	5.37	3.26	4.38
Total Interest Income	286.63	214.08	113.85	70.17	59.68	59.77
Interest Paid on Deposits	107.69	68.8	9.98	4.46	6.44	8.73
Interest Paid on Borrowings	8.52	9.97	2.56	1.58	0.64	0.91
Total Interest Expense	116.21	78.77	12.54	6.04	7.08	9.64
Net Interest Income	170.42	135.31	101.3	64.13	52.6	50.13
Net Interest Income Growth (YoY)	66.41%	33.57%	57.96%	21.93%	4.92%	-1.00%
Trust Income	4.41	3.61	1.78	1.88	1.56	1.52
Gain (Loss) on Sale of Investments	-2.17	-2.17	-	0	0.35	-
Other Non-Interest Income	15.19	12.89	10.44	7.27	6.01	4.59
Total Non-Interest Income	28.72	24.34	23.09	13.5	10.75	10.02
Non-Interest Income Growth (YoY)	31.54%	5.44%	71.03%	25.57%	7.28%	11.17%
Revenues Before Loan Losses	199.15	159.65	124.39	77.63	63.35	60.15
Provision for Loan Losses	31.56	30.95	1.93	-0.36	3.9	0.7
Revenue	167.59	128.7	122.46	77.99	59.45	59.45
Revenue Growth (YoY)	38.22%	5.09%	57.03%	31.19%	-0.01%	2.55%
Salaries and Employee Benefits	65.68	55.83	45.2	28.11	21.13	20.55
Federal Deposit Insurance	4.59	3.48	1.43	1.02	0.49	0.34
Amortization of Goodwill & Intangibles	10.37	6.11	1.99	0.73	0.53	0.61
Selling, General & Administrative	31.99	25.79	19.47	13.32	11.83	10.93
Other Non-Interest Expense	22.93	14.77	10.08	5.09	4.37	4.71
Total Non-Interest Expense	135.56	105.97	78.22	48.28	38.4	37.56
EBT Excluding Unusual Items	32.03	22.72	44.24	29.71	21.05	21.89
Other Unusual Items	8.82	8.82	-	-	-	-
Pretax Income	25.38	14.18	42.14	21.18	21.05	21.89
Income Tax Expense	5.21	2.96	10.96	5.81	5.32	5.61
Earnings From Continuing Operations	20.17	11.23	31.18	15.37	15.73	16.28
Earnings From Discontinued Operations	-	-	-	-	-	-0.09
Net Income to Common	20.17	11.23	31.18	15.37	15.73	16.2
Basic Shares Outstanding	33	27	20	13	12	13
Diluted Shares Outstanding	33	27	20	13	12	13
Shares Change (YoY)	67.52%	33.89%	51.28%	5.96%	-2.74%	-0.18%
EPS (Basic)	0.61	0.42	1.57	1.17	1.27	1.27
EPS (Diluted)	0.60	0.42	1.57	1.17	1.27	1.27
EPS Growth	-58.27%	-73.25%	34.02%	-7.76%	-0.23%	-35.13%
Effective Tax Rate	20.51%	20.84%	26.02%	27.44%	25.26%	25.62%
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%

Source: S&P Capital IQ. Banks template.