Shore Bancshares Inc
shoreunitedbank.comWhat Do They Do?
Provides banking, lending, and trust and wealth-management services to individuals, businesses, and other organizations.
10-K for FY2025, filed Mar 2, 2026Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The…View ↗
The Bank, which traces its origin to 1876, is a national banking association chartered under the laws of the United States. The Bank…View ↗
Services provided to businesses include commercial checking, savings, certificates of deposit and overnight investment sweep accounts. The…View ↗
Services provided to individuals include checking accounts, various savings programs, mortgage loans, home improvement loans, installment…View ↗
The Company, through Wye Trust, a division of the Bank, offers wealth management, corporate trustee services and trust administration to…View ↗
How Do They Make Money?
Customers pay deposit-account service fees by direct account charge, usually immediately or at month-end; trust and investment customers are charged monthly based on assets managed, with payment a few days after month-end; merchants pay interchange fees when cards are processed.
10-K for FY2025, filed Mar 2, 2026Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking…View ↗
Check orders and other deposit account-related fees are largely transactional based, and therefore, the Company’s performance obligation is…View ↗
Trust and investment fee income is primarily comprised of fees earned from the management and administration of trusts and other customer…View ↗
Insured depository institutions with assets of $10 billion or more are subject to limits on interchange fees. Interchange fees, or “swipe”…View ↗
Other noninterest income consists of fees, exchange, other service charges, safety deposit box rental fees, and other miscellaneous revenue…View ↗
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10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$20.9M
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10-K for FY2025, filed Mar 2, 2026
$20.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service charges on deposit accounts
|
30%
FY2022: 37%
|
Service charges on deposit accounts, FY2025
$6.3M Sources
|
|
|
Trust and investment fee income
Recurring
10-K for FY2025, filed Mar 2, 2026 |
18%
FY2022: 12%
|
Trust and investment fee income, FY2025
$3.7M Sources
|
Recurring |
|
Interchange income
Usage-based
10-K for FY2025, filed Mar 2, 2026 |
34%
FY2022: 31%
|
Interchange income, FY2025
$7.1M Sources
|
Usage-based |
|
Other noninterest income
|
18%
FY2022: 11%
|
Other noninterest income, FY2025
$3.8M Sources
|
Who Are Their Customers?
The Bank provides consumer and business banking services to individuals, businesses and organizations in Maryland, Delaware and Virginia. It sells residential mortgages intended for resale to investors through correspondent relationships.
10-K for FY2025, filed Mar 2, 2026
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 284 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 3, 2026
Open tableView ↗
Growing. Revenue grew 89% in 4 years, from $11M in FY2021 to $20.9M in FY2025, about 17% a year.
Real estate closings
The older report described the Title Company as doing title work tied to real estate transactions. The latest report says it stopped conducting real estate closings, while still describing title policies, searches and lien-satisfaction services.
10-K for FY2022, filed Mar 30, 2023 10-K for FY2025, filed Mar 2, 2026The Company was incorporated under the laws of Maryland on March 15, 1996 and is a financial holding company registered under the Bank…View ↗
The Company offered title services through its wholly-owned subsidiary, the Title Company, which engaged in residential and commercial real…View ↗
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