Saturday 17 October 2026 Export SHBI’s income statement to Excel — free account

Shore Bancshares Inc

Shore Bancshares Inc’s revenue for fiscal 2025 (year ended December 2025) was $342.7 million, up 4.97% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 21.7%, free cash flow grew 185.8% and total debt fell 28.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.

22.55 0.01 +0.04%

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Market cap: $752.2M
P/E: 11.4×
Fwd P/E: 10.1×
Dividend yield: 2.31%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.23

Total sells 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	3	—	—	1	—	—	1	—	—	1	—	—
Sell	—	—	—	—	1	—	—	—	—	—	—	—

Insider Ownership 9.42%

Capital & Financial Ratios $m

Market Cap 752.21

Revenue 345.63

Net Income 66.19

Free Cash Flow 86.37

Net Debt (168.52)

Current Ratio 0.95

Debt/Equity 0.14

P/E ratio 11.39

Fwd P/E 10.10

P/S ratio 2.18

P/B ratio 1.22

Past 5Y EPS Growth 6.99%

This Y EPS Growth 21.62%

Next Y EPS Growth 4.65%

Next Y revenue growth (28.37%)

Next 5Y EPS Growth 9.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 36.97%

10-year low 10-year high

P/S against its own 10 years 36.42%

10-year low 10-year high

P/B against its own 10 years 79.58%

10-year low 10-year high

Dividends

Payout Ratio 0.26

Annual Dividend Rate 0.52

Annual Dividend Yield 2.31%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.54	0.12 0.14 0.14
2025	0.48	0.12 0.12 0.12 0.12
2024	0.48	0.12 0.12 0.12 0.12
2023	0.48	0.12 0.12 0.12 0.12
2022	0.48	0.12 0.12 0.12 0.12
2021	0.48	0.12 0.12 0.12 0.12
2020	0.48	0.12 0.12 0.12 0.12
2019	0.42	0.10 0.10 0.10 0.12
2018	0.32	0.07 0.08 0.08 0.09
2017	0.22	0.05 0.05 0.05 0.07
2016	0.14	0.03 0.03 0.03 0.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	372	460	356	258
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	4,984	5,213	5,248	5,128

	2023	2024	2025	Q'26
Payables	5,386	5,528	5,534	5,400
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,386	5,528	5,534	5,400

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	86	86	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.51	0.56	—	—	—
’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)	0.32	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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	10.23	14.64	12.95	14.00	7.63	12.99	17.04	9.66	10.06	11.47	Analyst estimates 2026–2028 Powerpack
	High	16.90	18.49	20.09	17.90	17.56	23.19	21.41	18.15	17.61	19.22
People
People	Employees	305	346	292	294	295	446	481	630	597	608
	Revenue/emp, $m	0.19	0.16	0.22	0.24	0.24	0.19	0.28	0.39	0.55	0.56
Income, $m
Income, $m	Revenue	57	56	65	70	70	84	137	247	326	343
	Gross margin, %	95.81	95.95	91.88	86.19	89.95	92.78	90.84	68.14	61.78	65.67
	EBT	16	18	21	22	21	21	42	14	59	79
	EBT margin, %	27.75	31.98	32.57	31.37	29.89	25.31	30.78	5.74	17.98	22.95
	Net income	10	11	25	16	16	15	31	11	44	60
	Depreciation	2	2	3	3	3	5	7	12	16	16
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
	Earnings	0.76	0.89	1.96	1.27	1.27	1.17	1.57	0.42	1.32	1.78
	Cash flow	1.50	1.54	1.44	1.08	1.49	(0.57)	2.65	0.85	1.41	1.87
	Capex	(0.06)	(0.10)	(0.09)	(0.18)	(0.19)	(0.26)	(0.12)	(0.20)	(0.13)	(0.07)
	Free cash flow	1.45	1.44	1.35	0.90	1.30	(0.83)	2.53	0.66	1.28	1.80
	Book value	12.20	12.91	14.38	15.15	15.75	26.73	18.35	19.24	16.26	17.66
	Shares, m	13	13	13	13	12	13	20	27	33	33
Valuation, ×
Valuation, ×	P/E	20.37	18.57	7.42	13.67	11.50	16.95	11.08	25.82	11.92	9.93
	P/S	3.42	3.73	2.85	3.17	2.57	3.27	2.52	1.52	1.62	1.72
	P/B	1.27	1.28	1.01	1.15	0.93	0.78	0.95	0.73	0.97	1.00
	EV/Sales	2.09	3.17	2.05	2.02	0.26	(3.07)	2.59	0.30	0.59	0.95
	EV/FCF	6.54	9.74	7.75	12.26	1.14	23.48	7.06	4.29	4.49	5.39
Cash, $m
Cash, $m	Operating cash flow	19	20	18	14	18	(8)	53	23	47	62
	Capex	(1)	(1)	(1)	(2)	(2)	(3)	(2)	(5)	(4)	(2)
	Free cash flow	18	18	17	11	16	(11)	50	17	43	60
Balance, $m
Balance, $m	Working capital	(62)	(109)	(21)	(9)	(74)	(304)	(420)	(402)	(315)	(286)
	Total debt	3	22	15	15	24	53	65	73	124	89
	Net debt	(76)	(32)	(52)	(80)	(162)	(531)	9	(300)	(336)	(267)
	Shareholders’ equity	154	164	183	193	195	351	364	511	541	590
Returns, %
Returns, %	ROA	0.84	0.88	1.74	1.06	0.90	0.57	0.90	0.24	0.72	0.95
	ROIC	13.08	8.51	10.09	12.13	40.44	0.00	7.05	4.19	17.90	15.20
	ROE	6.40	7.08	14.41	8.62	8.11	5.63	8.72	2.57	8.34	10.52

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IBCP Independent Bank Corp.	$783.4M	10.2×	10.0×	+5.66% (above 0%: growing)	+12.35% (above 0%: growing)	−1.00% (below 0%: shrinking)	76.53%	0.00%	Compare
HTB HomeTrust Bancshares, Inc.	$776.1M	12.2×	12.9×	−4.58% (below 0%: shrinking)	−5.94% (below 0%: shrinking)	+417.30% (above 0%: growing)	77.45%	0.00%	Compare
FISI Financial Institutions, Inc.	$773.9M	9.6×	9.2×	+0.58% (above 0%: growing)	+24.71% (above 0%: growing)	+397.95% (above 0%: growing)	68.40%	0.00%	Compare
PGC Peapack-Gladstone Financial Corporation	$769.9M	14.8×	11.9×	+10.12% (above 0%: growing)	+97.78% (above 0%: growing)	+388.43% (above 0%: growing)	70.34%	0.00%	Compare
SMBC Southern Missouri Bancorp, Inc.	$769.7M	10.9×	10.3×	+2.83% (above 0%: growing)	+31.43% (above 0%: growing)	−50.54% (below 0%: shrinking)	64.61%	0.00%	Compare
ALRS Alerus Financial	$765.5M	29.0×	9.7×	+1.35% (above 0%: growing)	+3.80% (above 0%: growing)	+136.92% (above 0%: growing)	77.88%	0.00%	Compare
SHBI Shore Bancshares Inc	$752.2M	11.4×	10.1×	+0.40% (above 0%: growing)	+21.74% (above 0%: growing)	+185.78% (above 0%: growing)	71.57%	0.00%
VBNK VersaBank	$725.9M	29.3×	18.0×	+19.17% (above 0%: growing)	+46.67% (above 0%: growing)	−124.97% (below 0%: shrinking)	42.29%	0.00%	Compare
WASH Washington Trust Bancorp, Inc.	$707.1M	12.7×	10.7×	−2.18% (below 0%: shrinking)	+21.74% (above 0%: growing)	+101.28% (above 0%: growing)	64.44%	0.00%	Compare
Median of peers	$769.8M	12.5×	10.5×	+2.09%	+23.23%	+119.10%	69.37%	0.00%

All 323 Banks Regional stocks →

Shore Bancshares Inc (SHBI) key facts

Strength: Shore Bancshares Inc’s revenue for fiscal 2025 (year ended December 2025) was $342.7 million, up 4.97% from fiscal 2024.
Shore Bancshares Inc (SHBI) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, SHBI traded at $22.55, a market capitalization of $752.2 million.
Shore Bancshares Inc pays an annual dividend of $0.52 per share, a yield of 2.31%, with a payout ratio of 26.3%.
Return on equity was 10.5% and debt-to-equity 0.14.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.