MARKETS / NASDAQ / SHBI

NASDAQ · NATIONAL COMMERCIAL BANKS · MID CAP

Shore Bancshares Inc. SHBI

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$20.9M

▼ 0.3% YoY

Net income

$59.5M

▲ 35.6% YoY

Free cash flow

$59.2M

▲ 42.1% YoY

In brief

What this company does

The Bank currently operates 40 full-service branches and 10 loan production and administration offices, and provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Maryland, Delaware and Virginia. As of December 31, 2025, the Bank employed 608 individuals, of whom 595 were employed on a full-time basis (602 full-time equivalent employees). Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”).

Written from the business description in Shore Bancshares, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth

USD 20.9M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 20.9 · Net income 59.5

Compound annual growth

Revenue

+10.8%

+17.8%

Net income

+24.0%

+30.5%

+23.7%

Returned to shareholders

+19.1%

+41.3%

+14.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +17.8% a year over five years — but profit grew faster: net income at +30.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

285 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 377.2% · Net 285.4%

ROE

FY2025 · ROE 10.5%

Gross margin—

Operating margin377.2%

Net margin285.4%

Return on assets1.0%

EBITDAUSD 83.1M

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 16.1M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 59.2

Net buybacks $M Dividends $M

FY2025 · Dividends 16.1 · Net buybacks —

Dividends paidUSD 16.1M

Net buybacks—

Share of profit27.0%

Consecutive raises—

USD 16.1M in dividends — 27% of the year's profit went back to shareholders.

Total assetsUSD 6.3B

EquityUSD 589.9M

CashUSD 355.6M

Gross debtUSD 89.1M

Net debtUSD -266.5M

DepositsUSD 5.5B

The company holds more cash than debt.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·	·	·	·	·	·	·	·	·
Operating income $B	0.1	0.1	0.0	0.0	0.0	0.0	·	·	·	·	·	·	·	·	·	·	·
EBITDA $B	0.1	0.1	0.0	0.0	0.0	0.0	·	·	·	·	·	·	·	·	·	·	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	0.0
Net income $B	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	−0.0	−0.0	0.0
Free cash flow $B	0.1	0.0	0.0	0.1	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	1.78	1.32	0.42	1.57	1.17	1.27	1.27	1.96	0.89	0.76	0.56	0.46	−1.14	−1.14	−0.11	−0.20	0.64
Dividend / sh $	0.48	0.48	0.48	0.48	0.48	0.48	0.42	0.32	0.22	0.14	0.04	0.00	0.00	0.01	0.09	0.24	0.64
Payout %	27	36	113	31	43	0	0	16	0	18	7	0	−0	−1	−85	−122	74
ROE %	10.5	8.3	2.6	8.7	5.6	8.1	8.6	14.4	7.1	6.4	4.9	4.1	−8.9	−8.2	−0.7	−1.3	5.7
Shares out B	0.03	0.03	0.03	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityNational Commercial Banks

Listed onNASDAQ

Incorporated inMaryland

Fiscal year endsDecember 31

Data on record since2009