Independent Bank vs Shore Bancshares
Independent Bank and Shore Bancshares are similar in size: $226m and $225m of revenue in their latest fiscal years. Shore Bancshares grew faster (11.6% against 1.4%). Independent Bank kept more of each dollar of sales as profit: a net margin of 30.4% against 26.4%.
| Latest fiscal year | Independent BankIBCP, 2025 | Shore BancsharesSHBI, 2025 |
|---|---|---|
| Revenue | $226m | $225m |
| Revenue growth | 1.4% | 11.6% |
| Net income | $68.5m | $59.5m |
| Operating margin | — | — |
| Net margin | 30.4% | 26.4% |
| Return on equity | 14.3% | 10.5% |
| Free cash flow | $70.2m | $59.2m |
| Cash | $138m | $356m |
| Total debt | $0 | $89.1m |
| Debt to equity | — | — |
| Dividend per share | $1.04 | $0.48 |
| Dividend yield | 2.9% | 2.3% |
| Share buybacks | $12.4m | — |
| Employees | 735 | 602 |
| Market value | $757m | $760m |
| Price vs our value range | — | — |
| Moat score | 82 (Strong) | 46 (Moderate) |
| Insider trades, 12 months | 3 buys, 19 sales | 8 buys, 1 sales |