Shore Bancshares IncSHBI
What Shore Bancshares Inc does.
Shore Bancshares, Inc. was incorporated under the laws of Maryland on March 15, 1996 and is the bank holding company for Shore United Bank, N.A,. Throughout this report, references to the “Company,” “we,” “our,” and “us,” and similar terms refer to the consolidated entity consisting of Shore Bancshares, Inc. and its subsidiaries. “Shore Bancshares” refers solely to the parent holding company, and the “Bank” refers solely to Shore Bancshares’ subsidiary bank, Shore United Bank, N.A.
Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. The Company conducts business primarily through the Bank. The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Company offered title services through its wholly-owned subsidiary, Mid-Maryland Title Company, Inc. (the “Title Company”), which engaged in residential and commercial real estate settlement activities and offered title insurance policies, title search and lien satisfaction services. The Title Company ceased conducting real estate closings effective March 31, 2025. The Company and the Bank are Affirmative Action/Equal Opportunity Employers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $9.2M | $11.0M | $15.3M | $18.3M | $20.9M | $20.9M |
| Net income | $15.7M | $15.4M | $31.2M | $11.2M | $43.9M | $59.5M |
| Free cash flow | $16.1M | -$11.0M | $50.2M | $16.8M | $41.7M | $59.2M |
More on SHBI.
- Shore Bancshares Inc summary
- Shore Bancshares Inc financial statements
- Shore Bancshares Inc key metrics
- Shore Bancshares Inc health scores and style box
- Shore Bancshares Inc earnings
- Shore Bancshares Inc dividends
- Shore Bancshares Inc valuation
- Shore Bancshares Inc ownership and insiders
- Shore Bancshares Inc peers
Figures from Shore Bancshares Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.