SHBI
Income statement / Annual
Last year (2024), Shore Bancshares, Inc.'s total revenue was $326.49 M,
an increase of 36.94% from the previous year.
In 2024, Shore Bancshares, Inc.'s net income was $43.89 M.
See Shore Bancshares, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$326.49 M |
$238.42 M |
$136.93 M |
$83.67 M |
$70.43 M |
$69.79 M |
$64.40 M |
$55.63 M |
$56.76 M |
$53.66 M |
| Cost of Revenue |
$129.53 M
|
$109.73 M
|
$14.47 M
|
$5.68 M
|
$10.98 M
|
$10.34 M
|
$6.95 M
|
$4.56 M
|
$4.25 M
|
$5.42 M
|
| Gross Profit |
$196.96 M
|
$128.70 M
|
$122.46 M
|
$77.99 M
|
$59.45 M
|
$59.45 M
|
$57.46 M
|
$51.07 M
|
$52.51 M
|
$48.24 M
|
| Gross Profit Ratio |
0.6
|
0.54
|
0.89
|
0.93
|
0.84
|
0.85
|
0.89
|
0.92
|
0.93
|
0.9
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$72.55 M
|
$61.64 M
|
$48.10 M
|
$31.38 M
|
$23.47 M
|
$22.84 M
|
$23.13 M
|
$20.77 M
|
$24.04 M
|
$24.13 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$339.00 K
|
$331.00 K
|
$425.00 K
|
$509.00 K
|
$509.00 K
|
$528.00 K
|
$495.00 K
|
| Selling, General & Administrative Expenses |
$72.55 M
|
$61.64 M
|
$48.10 M
|
$31.72 M
|
$23.80 M
|
$23.27 M
|
$23.63 M
|
$21.28 M
|
$24.56 M
|
$24.62 M
|
| Other Expenses |
$65.71 M
|
$52.88 M
|
$32.22 M
|
$25.08 M
|
$14.60 M
|
$14.29 M
|
$12.68 M
|
$11.83 M
|
$12.04 M
|
$12.10 M
|
| Operating Expenses |
$138.25 M
|
$114.51 M
|
$80.32 M
|
$56.81 M
|
$38.40 M
|
$37.56 M
|
$36.31 M
|
$33.11 M
|
$36.61 M
|
$36.73 M
|
| Cost And Expenses |
$267.78 M
|
$224.24 M
|
$94.79 M
|
$62.49 M
|
$49.38 M
|
$47.89 M
|
$43.26 M
|
$37.68 M
|
$40.86 M
|
$42.15 M
|
| Interest Income |
$295.34 M
|
$214.08 M
|
$113.85 M
|
$70.17 M
|
$59.68 M
|
$59.77 M
|
$55.91 M
|
$47.96 M
|
$40.65 M
|
$38.87 M
|
| Interest Expense |
$124.79 M
|
$78.77 M
|
$12.54 M
|
$6.04 M
|
$7.08 M
|
$9.64 M
|
$5.27 M
|
$2.27 M
|
$2.40 M
|
$3.35 M
|
| Depreciation & Amortization |
$16.04 M
|
$10.94 M
|
$5.86 M
|
$3.09 M
|
$2.48 M
|
$2.39 M
|
$2.30 M
|
$1.65 M
|
$2.45 M
|
$2.43 M
|
| EBITDA |
$74.74 M |
$25.12 M |
$48.00 M |
$24.27 M |
$23.52 M |
$24.29 M |
$23.44 M |
$19.61 M |
$18.35 M |
$13.95 M |
| EBITDA Ratio |
0.23
|
0.11
|
0.35
|
0.29
|
0.33
|
0.35
|
0.36
|
0.35
|
0.32
|
0.26
|
| Operating Income Ratio |
0.18
|
0.06
|
0.31
|
0.25
|
0.3
|
0.31
|
0.33
|
0.32
|
0.28
|
0.21
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$58.70 M
|
$14.18 M
|
$42.14 M
|
$21.18 M
|
$21.05 M
|
$21.89 M
|
$21.14 M
|
$17.96 M
|
$15.90 M
|
$11.52 M
|
| Income Before Tax Ratio |
0.18
|
0.06
|
0.31
|
0.25
|
0.3
|
0.31
|
0.33
|
0.32
|
0.28
|
0.21
|
| Income Tax Expense |
$14.82 M
|
$2.96 M
|
$10.96 M
|
$5.81 M
|
$5.32 M
|
$5.61 M
|
$5.38 M
|
$8.73 M
|
$6.26 M
|
$4.41 M
|
| Net Income |
$43.89 M
|
$11.23 M
|
$31.18 M
|
$15.37 M
|
$15.73 M
|
$16.20 M
|
$25.00 M
|
$11.26 M
|
$9.64 M
|
$7.11 M
|
| Net Income Ratio |
0.13
|
0.05
|
0.23
|
0.18
|
0.22
|
0.23
|
0.39
|
0.2
|
0.17
|
0.13
|
| EPS |
1.32 |
0.42 |
1.57 |
1.17 |
1.27 |
1.27 |
1.96 |
0.89 |
0.76 |
0.56 |
| EPS Diluted |
1.32 |
0.42 |
1.57 |
1.17 |
1.27 |
1.27 |
1.96 |
0.89 |
0.76 |
0.56 |
| Weighted Average Shares Out |
$33.32 M
|
$26.57 M
|
$19.85 M
|
$13.12 M
|
$12.38 M
|
$12.73 M
|
$12.74 M
|
$12.68 M
|
$12.65 M
|
$12.63 M
|
| Weighted Average Shares Out Diluted |
$33.34 M
|
$26.57 M
|
$19.85 M
|
$13.12 M
|
$12.38 M
|
$12.73 M
|
$12.75 M
|
$12.72 M
|
$12.67 M
|
$12.64 M
|
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