Shore Bancshares Inc income statement
In fiscal 2025, Shore Bancshares Inc reported revenue of $225m, up 11.6% on the year before and net income of $59.5m, or $1.78 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 61 | 61 | 57 | 51 | 52 | 51 | 51 | 55 | 54 | 60 | 60 | 63 | 78 | 124 | 168 | 202 | 225 | 243 |
| Interest expense | 17 | 13 | 11 | 11 | 6 | 4 | 3 | 2 | 2 | 5 | 10 | 7 | 6 | 13 | 79 | — | — | — |
| Net interest income | 41 | 43 | 40 | 35 | 35 | 34 | 36 | 38 | 46 | 51 | 50 | 53 | 64 | 101 | 135 | 171 | 192 | 211 |
| Non-interest income | 20 | 18 | 17 | 16 | 17 | 17 | 15 | 17 | 8 | 9 | 10 | 11 | 13 | 23 | 33 | 31 | 33 | 32 |
| Non-interest expense | 40 | 42 | 39 | 40 | 41 | 39 | 37 | 37 | 34 | 37 | 38 | 38 | 57 | 80 | 123 | 138 | 138 | 143 |
| Provision for credit losses | 9 | 21 | 19 | 28 | 28 | 3 | 2 | 2 | 2 | 2 | 1 | −4 | −0 | 2 | 31 | 5 | 8 | 9 |
| Income before tax | 12 | −2 | −2 | −16 | −16 | 8 | 12 | 16 | 18 | 21 | 22 | 21 | 21 | 42 | 14 | 59 | 79 | 91 |
| Income tax | 4 | −0 | −1 | −7 | −7 | 3 | 4 | 6 | 9 | 5 | 6 | 5 | 6 | 11 | 3 | 15 | 19 | 22 |
| Net income | 7 | −2 | −1 | −10 | −10 | 5 | 7 | 10 | 11 | 25 | 16 | 16 | 15 | 31 | 11 | 44 | 60 | 69 |
| Diluted EPS | $0.64 | −$0.20 | −$0.11 | −$1.14 | −$1.14 | $0.46 | $0.56 | $0.76 | $0.89 | $1.96 | $1.27 | $1.27 | $1.17 | $1.57 | $0.42 | $1.32 | $1.78 | $2.05 |
| Diluted shares (average) | — | 8m | 8m | 8m | 8m | 11m | 13m | 13m | 13m | 13m | 13m | 12m | 13m | 20m | 27m | 33m | 33m | 33m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53 | 53 | 57 | 56 | 59 | 60 | 62 | 63 |
| Net interest income | 44 | 46 | 47 | 48 | 51 | 53 | 53 | 55 |
| Non-interest income | 9 | 7 | 9 | 8 | 8 | 7 | 9 | 8 |
| Non-interest expense | 34 | 34 | 34 | 34 | 35 | 37 | 36 | 35 |
| Provision for credit losses | 1 | 1 | 2 | 3 | 3 | 0 | 1 | 5 |
| Income before tax | 18 | 18 | 21 | 19 | 21 | 23 | 25 | 22 |
| Income tax | 5 | 4 | 5 | 5 | 5 | 6 | 6 | 6 |
| Net income | 13 | 14 | 16 | 14 | 16 | 17 | 19 | 17 |
| Diluted EPS | $0.40 | $0.41 | $0.46 | $0.43 | $0.47 | $0.51 | $0.56 | $0.50 |
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