Shore Bancshares Inc (SHBI) Financial Statements (2025 and earlier)

Company Profile

Business Address 18 EAST DOVER STREET
EASTON, MD 21601-3013
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments465,665189,571144,582120,241378,116114,143
Cash and cash equivalent459,851183,621138,883114,560372,413108,709
Short-term investments5,8145,9505,6995,6815,7035,434
Financing receivable, accrued interest, after allowance for credit loss16,80013,600
Total current assets:465,665189,571144,582120,241394,916127,743
Noncurrent Assets
Operating lease, right-of-use asset11,38511,38411,76212,15312,48712,741
Property, plant and equipment81,80681,66382,17683,08482,38681,149
Intangible assets, net (including goodwill)101,577103,875106,211108,781111,356113,951
Goodwill63,26663,26663,26663,26663,26663,266
Intangible assets, net (excluding goodwill)38,31140,60942,94545,51548,09050,685
Deferred income tax assets31,85732,19136,07838,97840,70745,346
Total noncurrent assets:226,625229,113236,227242,996246,936253,187
Other undisclosed assets5,538,4735,499,0205,483,2085,462,4675,369,0665,324,442
TOTAL ASSETS:6,230,7635,917,7045,864,0175,825,7046,010,9185,705,372
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   31,000   
Total current liabilities:   31,000   
Noncurrent Liabilities
Other undisclosed liabilities5,689,6975,384,4335,310,2345,310,4765,499,7835,203,794
Total liabilities:5,689,6975,384,4335,341,2345,310,4765,499,7835,203,794
Equity
Equity, attributable to parent541,066533,271522,783515,228511,135501,578
Common stock333333333332332331
Additional paid in capital358,112357,580356,994356,464356,007355,575
Accumulated other comprehensive loss(7,545)(5,526)(8,260)(8,058)(7,494)(10,109)
Retained earnings190,166180,884173,716166,490162,290155,781
Total equity:541,066533,271522,783515,228511,135501,578
TOTAL LIABILITIES AND EQUITY:6,230,7635,917,7045,864,0175,825,7046,010,9185,705,372

Income Statement (P&L) ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Revenues83,88877,11275,49573,380209,7386,349
Gain (loss) on disposition of assets for financial service operations5,021    (2,166)
Net investment income76,40474,68973,10671,139  
Revenues, excluding interest and dividends2,4632,4232,3892,241 3,438
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(780)(1,470)(2,081)(407)(897)(28,176)
Gross profit:83,10875,64273,41472,973208,841(21,827)
Operating expenses(25,384)(24,324)(24,879)(23,808)(24,499)(40,020)
Operating income (loss):57,72451,31848,53549,165184,342(61,847)
Nonoperating income (expense)
(Investment Income, Nonoperating)
     (2,166)8,816
Interest and debt expense    (30,004)(29,611)(25,626)
Income (loss) from continuing operations before equity method investments, income taxes:57,72451,31848,53519,161152,565(78,657)
Other undisclosed income (loss) from continuing operations before income taxes(39,583)(36,352)(33,535)(8,564)(138,059)63,929
Income (loss) from continuing operations before income taxes:18,14114,96615,00010,59714,506(14,728)
Income tax expense (benefit)(4,859)(3,777)(3,766)(2,413)(4,016)4,991
Net income (loss) available to common stockholders, diluted:13,28211,18911,2348,18410,490(9,737)

Comprehensive Income ($ in thousands)

3/31/2025
Q1
12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
Net income (loss):13,28211,18911,2348,18410,490(9,737)
Other comprehensive loss      (1,548)
Comprehensive income (loss):13,28211,18911,2348,18410,490(11,285)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,019)2,734(202)(564)2,615 
Comprehensive income (loss), net of tax, attributable to parent:11,26313,92311,0327,62013,105(11,285)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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