Shore Bancshares, Inc. (SHBI)

Shore Bancshares Balance Sheet

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
Cash & Equivalents	183.62	372.41	55.5	583.61	186.92	94.97
Investment Securities	177.8	187.52	181.87	127.71	63.29	33.95
Trading Asset Securities	0.27	0.11	0.08	-	-	-
Mortgage-Backed Securities	446.07	441.9	462.4	395.24	143.38	98.97
Total Investments	624.14	629.52	644.35	522.95	206.67	132.92
Gross Loans	4,830	4,754	2,563	2,120	1,455	1,250
Allowance for Loan Losses	-58.67	-57.35	-16.64	-13.94	-13.89	-10.51
Other Adjustments to Gross Loans	-95.9	-113.1	-6.7	-0.52	-0.75	-1.1
Net Loans	4,675	4,584	2,539	2,105	1,440	1,238
Property, Plant & Equipment	93.05	94.87	61.12	62.99	29.72	28.59
Goodwill	63.27	63.27	63.27	63.42	17.52	17.52
Other Intangible Assets	40.61	48.09	5.55	7.54	1.72	2.25
Loans Held for Sale	26.88	8.78	4.25	37.75	-	-
Accrued Interest Receivable	19.99	19.22	9.38	6.72	6.62	3.46
Other Receivables	-	-	-	0.62	0.16	0.18
Other Current Assets	1.39	-	-	2.87	1.47	1.16
Long-Term Deferred Tax Assets	32.19	40.71	7.36	2.93	4.44	2.75
Other Real Estate Owned & Foreclosed	0.49	0.18	0.2	0.53	-	0.07
Other Long-Term Assets	156.85	150.21	86.85	62.99	37.72	37.22
Total Assets	5,918	6,011	3,477	3,460	1,933	1,559
Accounts Payable	-	-	-	2.75	1.05	-
Accrued Expenses	-	-	-	3.42	0.65	-
Interest Bearing Deposits	3,237	3,774	2,148	2,099	1,192	857.12
Institutional Deposits	417.8	354.58	-	-	-	127.6
Non-Interest Bearing Deposits	1,571	1,258	862.02	927.5	509.09	356.62
Total Deposits	5,226	5,386	3,010	3,026	1,701	1,341
Short-Term Borrowings	0.04	0.18	40.01	4.14	1.05	1.23
Current Portion of Long-Term Debt	-	-	-	-	-	15
Current Portion of Leases	0.43	1.8	-	-	-	-
Accrued Interest Payable	-	-	-	0.69	0.65	0.33
Long-Term Debt	43.69	43.14	24.67	42.76	24.43	-
Federal Home Loan Bank Debt, Long-Term	50	-	-	10.14	-	-
Long-Term Leases	11.39	11.06	9.91	11.57	4.87	4.79
Trust Preferred Securities	29.77	29.16	18.4	-	-	-
Other Long-Term Liabilities	23.4	28.33	10.21	7.74	4.89	3.75
Total Liabilities	5,384	5,500	3,113	3,109	1,738	1,366
Common Stock	0.33	0.33	0.2	0.2	0.12	0.13
Additional Paid-In Capital	357.58	356.01	201.49	200.47	52.17	61.05
Retained Earnings	180.88	162.29	171.61	149.97	141.21	131.43
Comprehensive Income & Other	-5.53	-7.49	-9.02	0.06	1.53	0.21
Shareholders' Equity	533.27	511.14	364.29	350.69	195.02	192.8
Total Liabilities & Equity	5,918	6,011	3,477	3,460	1,933	1,559
Total Debt	135.31	85.33	92.99	68.61	30.35	21.02
Net Cash (Debt)	48.58	287.2	-37.42	515.01	156.56	73.95
Net Cash Growth	102.49%	-	-	228.94%	111.71%	-
Net Cash Per Share	1.46	10.81	-1.89	39.26	12.65	5.81
Filing Date Shares Outstanding	33.33	33.21	19.9	19.84	11.75	12.52
Total Common Shares Outstanding	33.33	33.16	19.85	19.81	11.78	12.5
Book Value Per Share	16.00	15.41	18.35	17.71	16.55	15.42
Tangible Book Value	429.4	399.78	295.47	279.74	175.78	173.03
Tangible Book Value Per Share	12.88	12.06	14.89	14.12	14.92	13.84

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