Shore Bancshares Inc - Understand $shbi stock

$SHBI Market Cap: $569.6 Million

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Financial Snapshot

Revenue

$14.70M

TTM

Gross Margin

Net Earnings

$60.11M

TTM

Current Assets

Current Liabilities

$35.25M

Q3 2024

Current Ratio

Total Assets

$5.918B

Q3 2024

Total Liabilities

$5.384B

Q3 2024

Book Value

$533.3M

Q3 2024

Cash

$183.6M

Q3 2024

P/E

9.476

Nov 29, 2024 EST

Free Cash Flow

$44.27M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$18.34M	$15.34M	$70.17M	$59.68M	$59.77M	$55.91M	$47.96M		$38.87M	$38.29M	$41.35M	$45.90M	$50.85M
YoY Change	19.52%	-78.14%	17.58%	-0.15%	6.9%	16.56%			1.52%	-7.4%	-9.91%	-9.74%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012	2011
Revenue	$18.34M	$15.34M	$70.17M	$59.68M	$59.77M	$55.91M	$47.96M	$38.87M	$38.29M	$41.35M	$45.90M	$50.85M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.300M	$2.400M	$1.500M	$1.200M	$1.100M	$1.000M	$1.000M	$2.450M	$912.0K	$867.0K	$936.0K	$1.100M	$996.0K	$2.410M	$1.880M	$1.780M	$1.520M	$1.450M	$1.410M	$1.480M	$1.520M	$1.270M	$1.000M	$930.0K
YoY Change	37.5%	60.0%	25.0%	9.09%	10.0%	0.0%	-59.18%	168.64%	5.19%	-7.37%	-14.91%	10.44%	-58.67%	28.19%	5.62%	17.11%	4.83%	2.84%	-4.73%	-2.63%	19.69%	27.0%	7.53%	-13.08%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2015	2014	2013	2012	2011
Interest Expense	$78.77M	$12.54M	$6.039M	$7.080M	$9.636M	$5.272M	$2.273M	$3.346M	$4.247M	$6.475M	$10.56M	$11.09M
YoY Change	528.02%	107.7%	-14.7%	-26.53%	82.78%	131.94%		-21.21%	-34.41%	-38.7%	-4.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$14.18M	$42.14M	$21.18M	$21.05M	$21.89M	$21.14M	$17.96M	$15.90M	$11.50M	$8.112M	-$16.14M	-$16.20M	-$1.555M	-$2.160M	$11.69M	$18.56M	$21.45M	$21.71M	$20.74M	$16.04M	$14.76M	$13.52M	$12.27M	$12.36M
YoY Change	-66.34%	98.97%	0.63%	-3.87%	3.55%	17.73%	12.95%	38.26%	41.77%	-150.28%	-0.42%	941.99%	-28.01%	-118.48%	-37.02%	-13.47%	-1.2%	4.68%	29.3%	8.67%	9.17%	10.19%	-0.73%	19.65%
Income Tax	$2.956M	$10.96M	$5.812M	$5.317M	$5.610M	$5.380M	$8.734M	$6.260M	$4.408M	$3.061M	-$6.501M	-$6.565M	-$658.0K	-$490.0K	$4.410M	$7.090M	$8.000M	$8.150M	$7.850M	$5.840M	$5.270M	$4.730M	$4.280M	$4.400M
% Of Pretax Income	20.84%	26.02%	27.44%	25.26%	25.62%	25.45%	48.63%	39.37%	38.33%	37.73%					37.72%	38.2%	37.3%	37.54%	37.85%	36.41%	35.7%	34.99%	34.88%	35.6%
Net Earnings	$11.23M	$31.18M	$15.37M	$15.73M	$16.20M	$25.00M	$11.26M	$9.640M	$7.108M	$5.051M	-$9.634M	-$9.638M	-$897.0K	-$1.670M	$7.270M	$11.47M	$13.45M	$13.55M	$12.89M	$10.20M	$9.500M	$8.790M	$8.000M	$7.960M
YoY Change	-63.99%	102.87%	-2.3%	-2.89%	-35.2%	121.96%	16.83%	35.62%	40.72%	-152.43%	-0.04%	974.47%	-46.29%	-122.97%	-36.62%	-14.72%	-0.74%	5.12%	26.37%	7.37%	8.08%	9.88%	0.5%	17.06%
Net Earnings / Revenue	61.24%	203.24%	21.9%	26.36%	27.1%	44.71%	23.48%		18.29%	13.19%	-23.3%	-21.0%	-1.76%
Basic Earnings Per Share	$0.42	$1.57	$1.17	$1.27	$1.27	$1.96	$0.89		$0.56	$0.46	-$1.14	-$1.14	-$0.11
Diluted Earnings Per Share	$0.42	$1.571M	$1.17	$1.27	$1.273M	$1.96	$0.89	$760.9K	$0.56	$0.46	-$1.14	-$1.14	-$0.11	-$197.9K	$863.4K	$1.364M	$1.603M	$1.615M	$1.546M	$1.229M	$1.163M	$1.080M	$991.3K	$985.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$94.87M	$61.12M	$63.00M	$29.70M	$28.60M	$22.70M	$23.10M	$16.60M	$16.90M	$16.30M	$15.20M	$15.60M	$14.70M	$14.50M	$14.30M	$13.90M	$15.60M	$16.00M	$15.20M	$13.10M	$11.30M	$8.500M	$7.200M	$7.000M
YoY Change	55.23%	-2.99%	112.12%	3.85%	25.99%	-1.73%	39.16%	-1.78%	3.68%	7.24%	-2.56%	6.12%	1.38%	1.4%	2.88%	-10.9%	-2.5%	5.26%	16.03%	15.93%	32.94%	18.06%	2.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments																$0.00	$900.0K	$900.0K	$900.0K	$900.0K	$1.200M	$1.200M	$1.100M	$1.100M
YoY Change																-100.0%	0.0%	0.0%	0.0%	-25.0%	0.0%	9.09%	0.0%
Other Assets	$110.5M	$63.47M	$88.60M	$35.50M	$32.50M	$8.500M	$1.900M	$7.000M	$12.10M	$15.70M	$19.10M	$9.200M	$9.000M	$7.600M	$3.300M	$1.600M	$1.800M	$2.100M	$2.000M	$1.500M	$900.0K	$300.0K	$700.0K	$1.200M
YoY Change	74.09%	-28.37%	149.58%	9.23%	282.35%	347.37%	-72.86%	-42.15%	-22.93%	-17.8%	107.61%	2.22%	18.42%	130.3%	106.25%	-11.11%	-14.29%	5.0%	33.33%	66.67%	200.0%	-57.14%	-41.67%
Total Long-Term Assets
YoY Change
Total Assets	$6.011B	$3.477B	$3.460B	$1.933B	$1.559B	$1.483B	$1.394B	$1.160B	$1.135B	$1.100B	$1.054B	$1.186B	$1.158B	$1.130B	$1.157B	$1.045B	$956.9M	$945.6M	$851.6M	$790.6M	$705.4M	$654.1M	$582.4M	$553.1M
YoY Change
Accounts Payable		$1.342M	$3.400M	$600.0K	$300.0K	$3.800M	$4.400M	$2.500M	$2.900M	$2.600M	$3.800M	$300.0K	$600.0K	$900.0K	$1.800M	$2.400M	$2.800M	$2.200M	$1.200M	$600.0K	$400.0K	$600.0K	$800.0K	$1.000M
YoY Change		-60.53%	466.67%	100.0%	-92.11%	-13.64%	76.0%	-13.79%	11.54%	-31.58%	1166.67%	-50.0%	-33.33%	-50.0%	-25.0%	-14.29%	27.27%	83.33%	100.0%	50.0%	-33.33%	-25.0%	-20.0%
Accrued Expenses	$41.37M	$20.14M	$15.00M	$4.900M	$4.800M
YoY Change	105.44%	34.23%	206.12%	2.08%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$4.100M	$1.100M	$1.200M	$60.80M	$21.70M	$3.200M	$6.700M	$4.800M	$10.10M	$13.80M	$17.80M	$16.00M	$20.40M	$28.90M	$27.70M	$24.00M	$27.10M	$27.10M	$21.00M	$22.00M	$17.10M	$16.30M
YoY Change		-100.0%	272.73%	-8.33%	-98.03%	180.18%	578.13%	-52.24%	39.58%	-52.48%	-26.81%	-22.47%	11.25%	-21.57%	-29.41%	4.33%	15.42%	-11.44%	0.0%	29.05%	-4.55%	28.65%	4.91%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$41.37M	$20.14M	$18.40M	$5.500M	$5.100M	$7.300M	$4.400M	$2.500M	$2.900M	$2.600M	$3.800M	$300.0K	$600.0K	$900.0K	$1.800M	$2.400M	$2.800M	$2.200M	$1.200M	$600.0K	$400.0K	$600.0K	$800.0K	$1.000M
YoY Change	105.44%	9.43%	234.55%	7.84%	-30.14%	65.91%	76.0%	-13.79%	11.54%	-31.58%	1166.67%	-50.0%	-33.33%	-50.0%	-25.0%	-14.29%	27.27%	83.33%	100.0%	50.0%	-33.33%	-25.0%	-20.0%
Long-Term Debt	$72.30M	$43.07M	$42.80M	$24.40M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$500.0K	$900.0K	$1.400M	$1.900M	$2.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	67.85%	0.64%	75.41%									-100.0%	-44.44%	-35.71%	-26.32%	-24.0%
Other Long-Term Liabilities	$28.51M	$7.525M	$7.700M	$6.600M	$3.800M	$4.500M	$1.300M	$2.700M	$3.200M	$3.500M	$3.400M	$8.400M	$8.200M	$10.40M	$14.20M	$8.600M	$7.800M	$4.400M	$4.200M	$6.200M	$3.100M	$3.200M	$1.100M	$1.300M
YoY Change	278.86%	-2.27%	16.67%	73.68%	-15.56%	246.15%	-51.85%	-15.63%	-8.57%	2.94%	-59.52%	2.44%	-21.15%	-26.76%	65.12%	10.26%	77.27%	4.76%	-32.26%	100.0%	-3.13%	190.91%	-15.38%
Total Long-Term Liabilities	$72.30M	$43.07M	$50.50M	$31.00M	$3.800M	$4.500M	$1.300M	$2.700M	$3.200M	$3.500M	$3.400M	$8.400M	$8.700M	$11.30M	$15.60M	$10.50M	$10.30M	$4.400M	$4.200M	$6.200M	$3.100M	$3.200M	$1.100M	$1.300M
YoY Change	67.85%	-14.71%	62.9%	715.79%	-15.56%	246.15%	-51.85%	-15.63%	-8.57%	2.94%	-59.52%	-3.45%	-23.01%	-27.56%	48.57%	1.94%	134.09%	4.76%	-32.26%	100.0%	-3.13%	190.91%	-15.38%
Total Liabilities	$5.500B	$3.113B	$3.109B	$1.738B	$1.366B	$1.300B	$1.230B	$1.006B	$988.2M	$959.9M	$950.8M	$1.072B	$1.037B	$1.008B	$1.029B	$917.3M	$836.7M	$834.3M	$750.2M	$697.6M	$621.9M	$576.0M	$511.4M	$488.1M
YoY Change	76.67%	0.12%	78.88%	27.22%	5.12%	5.67%	22.28%	1.8%	2.95%	0.96%	-11.29%	3.37%	2.89%	-2.03%	12.14%	9.63%	0.29%	11.21%	7.54%	12.17%	7.97%	12.63%	4.77%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	26.57M shares	19.85M	13.12M	12.38M	12.73M	12.74M	12.68M	12.65M	12.63M shares	10.95M shares	8.461M shares	8.457K shares	8.451M shares
Diluted Shares Outstanding	26.57M shares	19.85M shares	13.12M	12.38M	12.73M	12.75M	12.72M		12.64M shares	10.95M shares	8.461M shares	8.457K shares	8.451M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $569.55 Million

About SHORE BANCSHARES INC

Shore Bancshares, Inc. is a financial holding company, which engages in the provision of commercial banking products and services to individuals and businesses. The company is headquartered in Easton, Maryland and currently employs 620 full-time employees. The company went IPO on 2001-04-09. The firm conducts business primarily through two wholly owned subsidiaries, Shore United Bank, N.A. (the Bank) and Mid-Maryland Title Company, Inc. (the Title Company). The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Bank is a national banking association chartered, which operates 42 full-service branches, 42 automatic teller machines (ATM), three interactive teller machines, five loan production offices. The Bank provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Baltimore County, Howard County, Kent County, Queen Annes County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, Charles County, St Marys County and others. The Title Company engages in title work related to real estate transactions.

Industry: National Commercial Banks Peers: Carter Bankshares, Inc. ENTERPRISE BANCORP INC /MA/ HomeTrust Bancshares, Inc. John Marshall Bancorp, Inc. MVB FINANCIAL CORP PEOPLES FINANCIAL SERVICES CORP. PNC FINANCIAL SERVICES GROUP, INC. RED RIVER BANCSHARES INC WEST BANCORPORATION INC