Pricing Log in Create free account
Friday 6 November 2026 Export SHBI’s income statement to Excel — free account

Shore Bancshares Inc

SHBI Financial Banks Regional

Shore Bancshares Inc’s revenue for fiscal 2025 (year ended December 2025) was $342.7 million, up 4.97% from fiscal 2024.

Revenue
+3.34%
EPS
+16.8%
Free cash flow
−14.1%
Total debt
−5.41%

Quarter to September 2026, against a year earlier

22.43 0.70 −3.03%
Market cap
$744.8M
P/E
10.9×
Fwd P/E
10.4×
Dividend yield
2.32%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.12
Sold, $m 0.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — 1 — — 1 — 1 —
Sell — — — 1 — — — — — — — —
Insider Ownership 9.59%

Capital & Financial Ratios $m

Size
Market Cap 744.76
Revenue ttm 348.46
Net income ttm 68.61
Free cash flow ttm 80.42
Net debt Q (365.75)
Valuation
P/E 10.93
Forward P/E 10.40
Price / sales 2.15
Forward P/S Powerpack
Price / FCF 9.31
Price / book 1.21
Financial health
Current ratio Q 0.94
Debt / equity Q 0.14
Interest coverage Q —
Growth
Revenue growth Q +3.34% (above 0%: growing)
Operating income growth Q +17.31% (above 0%: growing)
EPS, this year +20.95% (at or above 15%: strong)
EPS, next year A +5.14%
Revenue, next year A −27.58% (below 0%: weak)
EPS, past 5 yrs +6.99%
EPS, next 5 yrs A +9.64%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 33.08%
10-year low 10-year high
P/S against its own 10 years 35.86%
10-year low 10-year high
P/B against its own 10 years 78.62%
10-year low 10-year high

Dividends

Yield
2.32%
Annual rate
0.52
Payout ratio
25.3%
Growth, 2017–25
+10.2%/yr
  1. 0.22 ’17
  2. 0.32 ’18 +45
  3. 0.42 ’19 +31
  4. 0.48 ’20 +14
  5. 0.48 ’21 +0
  6. 0.48 ’22 +0
  7. 0.48 ’23 +0
  8. 0.48 ’24 +0
  9. 0.48 ’25 +0
  10. 0.54 ’26e +13
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 372 460 356 455
Receivables — — — —
Inventory — — — —
Other — — — —
4,984 5,213 5,248 5,334
2023 2024 2025 Q'26
Payables 5,386 5,528 5,534 5,696
ST’ Debt — — — —
Other — — — —
5,386 5,528 5,534 5,696

Compound Annual Growth %

10y 5y 3y
Sales 20.23% 37.23% 35.77%
Cash Flow 15.23% 27.62% 5.82%
Earnings 23.67% 30.49% 24.04%
Book Value 14.91% 24.78% 17.43%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.53 Actual 0.54

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.49 0.53 Beat by 0.04
Q1 FY26 0.45 0.55 Beat by 0.10
Q2 FY26 0.50 0.60 Beat by 0.10
Q3 FY26 0.53 0.54 Beat by 0.01
Q4 FY26 0.58 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.51 0.56 0.50 — —
’25 0.41 0.46 0.43 0.48 1.78
’24 0.25 0.34 0.34 0.40 1.32
’23 0.32 0.20 (0.29) 0.31 0.42
’22 0.28 0.38 0.49 0.42 1.57
’21 0.34 0.34 0.39 0.16 1.17
’20 0.25 0.43 0.27 0.32 1.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 86 86 88 — —
’25 83 86 85 89 343
’24 78 82 82 85 326
’23 40 42 86 79 247
’22 30 33 36 38 137
’21 18 18 20 28 84
’20 17 17 17 19 70
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 32 8 36 — —
’25 20 (8) 42 8 62
’24 2 3 9 32 47
’23 11 (1) (24) 36 23
’22 25 18 7 3 53
’21 4 7 5 (23) (8)
’20 4 5 0 9 18
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 31 8 36 — —
’25 21 (9) 42 6 60
’24 1 2 10 30 43
’23 11 (1) (26) 34 17
’22 24 17 6 2 50
’21 3 6 3 (23) (11)
’20 3 5 0 8 16
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 57 56 65 70 70 84 137 247 326 343 348 +22.0% 248 257 265 (8.2%)
Gross margin, % 95.81 95.95 91.88 86.19 89.95 92.78 90.84 68.14 61.78 65.67 69.87 (30.1) pt
EBT 16 18 21 22 21 21 42 14 59 79 91 +19.4%
EBT margin, % 27.75 31.98 32.57 31.37 29.89 25.31 30.78 5.74 17.98 22.95 26.08 (4.8) pt
Net income 10 11 25 16 16 15 31 11 44 60 69 +22.4%
Per share, $
Per share, $ Revenue 4.53 4.43 5.10 5.48 5.69 6.38 6.90 9.30 9.81 10.26 10.44 +9.5%
Earnings 0.76 0.89 1.96 1.27 1.27 1.17 1.57 0.42 1.32 1.78 2.05 +9.9%
Cash flow 1.50 1.54 1.44 1.08 1.49 (0.57) 2.65 0.85 1.41 1.87 2.50 +2.4%
Capex (0.06) (0.10) (0.09) (0.18) (0.19) (0.26) (0.12) (0.20) (0.13) (0.07) (0.10) +2.6%
Free cash flow 1.45 1.44 1.35 0.90 1.30 (0.83) 2.53 0.66 1.28 1.80 2.41 +2.4%
Book value 12.20 12.91 14.38 15.15 15.75 26.73 18.35 19.24 16.26 17.66 18.55 +4.2%
Shares, m 13 13 13 13 12 13 20 27 33 33 33 +11.4%
Valuation, ×
Valuation, × P/E 20.37 18.57 7.42 13.67 11.50 16.95 11.08 26.09 11.92 9.93 10.93 14.8
P/S 3.42 3.73 2.85 3.17 2.57 3.27 2.52 1.90 1.62 1.72 2.15 2.7
P/B 1.27 1.28 1.01 1.15 0.93 0.78 0.95 0.92 0.97 1.00 1.21 1.0
EV/Sales 2.09 3.17 2.05 2.02 0.26 (3.07) 2.59 0.30 0.59 0.95 — 1.1
EV/FCF 6.54 9.74 7.75 12.26 1.14 23.48 7.06 4.29 4.49 5.39 — 8.2
Cash, $m
Cash, $m Operating cash flow 19 20 18 14 18 (8) 53 23 47 62 84 +14.1%
Capex (1) (1) (1) (2) (2) (3) (2) (5) (4) (2) (3) +14.3%
Free cash flow 18 18 17 11 16 (11) 50 17 43 60 80 +14.1%
Balance, $m
Balance, $m Working capital (62) (109) (21) (9) (74) (304) (420) (402) (315) (286) (362) +18.5%
Net debt (76) (32) (52) (80) (162) (531) 9 (300) (336) (267) (366) +15.0%
Shareholders’ equity 154 164 183 193 195 351 364 511 541 590 619 +16.1%
Returns, %
Returns, % ROA 0.84 0.88 1.74 1.06 0.90 0.57 0.90 0.24 0.72 0.95 1.08 +0.1 pt
ROIC 13.08 8.51 10.09 12.13 40.44 0.00 7.05 4.19 17.90 15.20 22.41 +2.1 pt
ROE 6.40 7.08 14.41 8.62 8.11 5.63 8.72 2.57 8.34 10.52 11.47 +4.1 pt
People
People Employees 305 346 292 294 295 446 481 630 597 608 — +8.0%
Revenue/emp, $m 0.19 0.16 0.22 0.24 0.24 0.19 0.28 0.39 0.55 0.56 — +13.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Shore Bancshares Inc vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SMBC Southern Missouri Bancorp, Inc. $776.7M 11.0× 10.6× +2.83% (above 0%: growing) +31.43% (above 0%: growing) −50.54% (below 0%: shrinking) 64.61% 0.00% Compare
FISI Financial Institutions, Inc. $771.3M 9.7× 9.4× +0.58% (above 0%: growing) +24.71% (above 0%: growing) +397.95% (above 0%: growing) 68.40% 0.00% Compare
AGBK AGI, Inc. $769.3M — — — — −476.07% (below 0%: shrinking) 45.30% 0.00% Compare
SHBI Shore Bancshares Inc $744.8M 10.9× 10.4× +3.34% (above 0%: growing) +16.84% (above 0%: growing) −14.11% (below 0%: shrinking) 71.59% 0.00%
HTB HomeTrust Bancshares, Inc. $742.9M 12.2× 11.7× −4.58% (below 0%: shrinking) −5.94% (below 0%: shrinking) +417.30% (above 0%: growing) 77.45% 0.00% Compare
WASH Washington Trust Bancorp, Inc. $737.6M 11.5× 11.4× +0.09% (above 0%: growing) +78.95% (above 0%: growing) −48.12% (below 0%: shrinking) 65.83% 0.00% Compare
PFIS Peoples Financial Services Corp. $730.2M 12.9× 11.0× +3.78% (above 0%: growing) −12.94% (below 0%: shrinking) +54.41% (above 0%: growing) 70.19% 0.00% Compare
VBNK VersaBank $724.9M 29.4× 25.8× +19.17% (above 0%: growing) +46.67% (above 0%: growing) −124.97% (below 0%: shrinking) 42.29% 0.00% Compare
AROW Arrow Financial Corporation $715.6M 12.5× 13.6× +4.55% (above 0%: growing) +1.54% (above 0%: growing) +37.22% (above 0%: growing) 71.42% 0.00% Compare
Median of peers $740.2M 12.2× 11.4× +2.83% +24.71% −5.45% 67.12% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 8 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.77m 1.88m 96.50
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Shore Bancshares Inc (SHBI) Latest News

22 Oct

Impact 3 · · Zacks
Impact 3 · · Associated Press

20 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

23 Jul

Impact 3 ·
Impact 3 ·

21 May

Impact 3 · · PR Newswire

29 Apr

Impact 4 · · Zacks

23 Apr

Impact 4 · · Zacks
Impact 4 · · PR Newswire
Impact 3 · · Zacks

24 Mar

Impact 3 · · Simply Wall St.

11 Feb

Impact 3 · · Simply Wall St.

3 Feb

Impact 3 · · Zacks

2 Feb

Impact 4 · · Zacks
Impact 3 · · Simply Wall St.

30 Jan

Impact 3 · · Simply Wall St.

29 Jan

Impact 3 · · Simply Wall St.

28 Jan

Impact 4 · · Zacks
Impact 4 · · PR Newswire
Impact 3 · · Associated Press FinanceGuruFocus.comAssociated Press FinanceAssociated Press FinanceAssociated Press Finance
Impact 3 · · Simply Wall St.

26 Jan

Impact 3 · · Simply Wall St.

16 Jan

Impact 3 · · Simply Wall St.

14 Jan

Impact 3 · · Simply Wall St.

13 Jan

Impact 3 · · Simply Wall St.

12 Jan

Impact 3 · · Simply Wall St.

9 Jan

Impact 3 · · Simply Wall St.

6 Jan

Impact 3 · · Simply Wall St.

5 Jan

Impact 3 · · Simply Wall St.
stockrow.com/SHBI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com