Shore Bancshares (SHBI) Financial Statements & Analysis

Shore Bancshares (SHBI) Income Statement

Shore Bancshares reported revenue of $342.72M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 74.0% from $196.96M a year earlier. Net income was $59.51M, up 35.6% year over year, a net margin of 17.4%. Gross margin was 63.2% and operating margin 23.0%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $57.53M, down 32.2% from the same quarter a year earlier.

Shore Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Shore Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	342.72	196.96	238.42	124.39	83.67	70.43	69.79	64.40	55.63
Cost of Revenue	126.03	129.53	109.73	14.47	5.68	10.98	10.34	6.95	4.56
Gross Profit	216.69	196.96	128.70	122.46	77.99	59.45	59.45	57.46	51.07
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	84.62	37.81	61.64	48.10	31.72	23.80	23.27	23.63	21.28
Operating Expenses	138.04	138.25	114.51	80.32	56.81	38.40	37.56	36.31	33.11
Operating Income	78.66	58.70	14.18	42.14	21.18	21.05	21.89	21.14	17.96
Other Income/Expense
Interest Income	310.03	295.34	214.08	113.85	70.17	59.68	59.77	55.91	47.96
Interest Expense	117.65	124.79	78.77	12.54	6.04	7.08	9.64	5.27	2.27
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	78.66	58.70	14.18	42.14	21.18	21.05	21.89	21.14	17.96
Income Tax Expense	19.15	14.82	2.96	10.96	5.81	5.32	5.61	5.38	8.73
Net Income	59.51	43.89	11.23	31.18	15.37	15.73	16.20	25.00	11.26
Net Income - Continuous Operations	59.51	43.89	11.23	31.18	15.37	15.73	16.20	25.00	11.26
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	78.77	16.04	25.12	48.00	24.27	23.52	24.29	23.44	19.61
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	0.12	16.04	10.94	1.99	3.09	2.48	2.39	2.30	1.65
Earnings Per Share
Basic EPS	2.00	1.00	-	2.00	1.00	1.00	1.00	2.00	1.00
Diluted EPS	2.00	1.00	-	2.00	1.00	1.00	1.00	2.00	1.00
Basic Shares Outstanding	33.39	33.27	26.57	19.85	13.12	12.38	12.73	12.74	12.68
Diluted Shares Outstanding	33.41	33.29	26.57	19.85	13.12	12.38	12.73	12.75	12.72

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Shore Bancshares Financial Statements

What was Shore Bancshares's revenue in fiscal 2025?

Shore Bancshares reported revenue of $342.72M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 74.0% from $196.96M a year earlier.

Is Shore Bancshares profitable?

Yes. Shore Bancshares earned net income of $59.51M in fiscal 2025, a net margin of 17.4%. In fiscal 2024 it earned $43.89M.

What is Shore Bancshares's operating margin?

Shore Bancshares's operating income was $78.66M on revenue of $342.72M in fiscal 2025, an operating margin of 23.0%, compared with 29.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition