Shore Bancshares, Inc.
- Open
- 22.95
- Day high
- 23.14
- Day low
- 22.94
- Prev close
- 23.18
- Volume
- 172K
- Mkt cap
- $770M
- P/E (TTM)
- 12.2
- EPS (TTM)
- $1.88
- P/B
- 1.3
- P/S
- 2.2
- Yield
- 1.13%
- Per share
- $0.26
- ▲Insiders net buying $4K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
Shore Bancshares, Inc. (SHBI) is a Financial Services company listed on NASDAQ. The stock is up 39% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Shore Bancshares, Inc. (SHBI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SHBI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.45 | $0.55 | +22.2% | $60M | +2.5% |
| Jan 28, 2026 | $0.49 | $0.53 | +8.2% | $59M | +1.5% |
| Oct 23, 2025 | $0.45 | $0.48 | +6.7% | $56M | -2.2% |
| Jul 24, 2025 | $0.41 | $0.51 | +24.4% | $57M | +1.6% |
| Jan 30, 2025 | $0.35 | $0.44 | +25.7% | $53M | +3.3% |
| Oct 24, 2024 | $0.36 | $0.34 | -5.6% | $51M | +17.2% |
| Jul 25, 2024 | $0.33 | $0.34 | +3.0% | $51M | +17.3% |
| May 2, 2024 | $0.33 | $0.41 | +24.2% | $48M | +13.1% |
| Feb 1, 2024 | $0.38 | $0.46 | +21.1% | $79M | — |
| Jul 27, 2023 | $0.31 | $0.20 | -35.5% | $28M | +11.1% |
| Apr 27, 2023 | $0.40 | $0.32 | -20.0% | $31M | +18.8% |
| Oct 27, 2022 | $0.46 | $0.49 | +6.5% | $33M | +1.1% |
SHBI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 26, 2026 | CLEMMER R. MICHAELdirector | Grant | 1,855 | — |
| May 26, 2026 | Adams Michael Briandirector | Grant | 1,855 | — |
| May 26, 2026 | Adams Michael Briandirector | Buy | 175 | $20.29 |
| May 26, 2026 | LAMON JOHNdirector | Grant | 1,855 | — |
| May 26, 2026 | HYATT ALAN Jdirector | Grant | 1,855 | — |
| May 26, 2026 | WAYSON KONRADdirector | Grant | 1,855 | — |
| May 26, 2026 | Sanders Edward Lawrence IIIdirector | Grant | 1,855 | — |
| May 26, 2026 | JENKINS LOUIS P JRdirector | Grant | 1,855 | — |
| May 26, 2026 | McDonald Rebecca Middletondirector | Grant | 1,855 | — |
| May 26, 2026 | Jones David S.director | Grant | 1,855 | — |
| Apr 6, 2026 | WAYSON KONRADdirector | Grant | 795 | — |
| Mar 9, 2026 | Pierce Lacey Amandaofficer: Chief Strategy&ProjectOfficer | Tax | 335 | — |
| Mar 9, 2026 | Lombardi Christyofficer: EVP, Chief Human Resources Ofc | Tax | 465 | — |
| Mar 9, 2026 | Ebron Brian Scotofficer: EVP, Chief Banking Officer | Option | 1,192 | — |
| Mar 9, 2026 | Burke James Mdirector, officer: President & CEO | Tax | 1,627 | — |
Source: SHBI SEC Form 4 filings, latest May 26, 2026. For informational purposes only — not investment advice.
See the full SHBI insider & 13F page →Shore Bancshares, Inc. company profile
Overview
Shore Bancshares, Inc. (NASDAQ:SHBI) is a bank holding company founded in 1876 and headquartered in Easton, Maryland. The company operates through its subsidiary Shore United Bank, providing traditional commercial and consumer banking services across the Delmarva Peninsula region. With nearly 150 years of history, Shore Bancshares has evolved from a local community bank into a regional financial institution serving customers in Maryland, Delaware, and Virginia through 29 full-service branches and various digital banking platforms.
Business
Shore Bancshares operates in the regional banking industry, functioning as a traditional community bank that provides comprehensive financial services to individuals, businesses, and organizations across the Delmarva Peninsula. The banking industry serves as a financial intermediary, collecting deposits from customers and lending those funds to borrowers while earning income on the interest rate spread. The company's core services include deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs). These products allow customers to safely store their money while earning interest, with the bank using these deposits as a funding source for lending activities. Shore United Bank also offers specialized deposit services like CDARS programs, which help customers maximize FDIC insurance coverage on large deposits by spreading funds across multiple banks. On the lending side, Shore Bancshares provides commercial loans including secured and unsecured business loans, working capital financing, lines of credit, real estate acquisition and development loans, and construction financing. The bank also offers residential mortgage loans for home purchases and refinancing, as well as consumer loans including home equity lines of credit, automobile loans, and personal financing products. Beyond traditional banking, the company provides wealth management services through trust and asset management offerings, financial planning services, and access to mutual funds and annuities. Additional services include merchant credit card processing, safe deposit boxes, and comprehensive digital banking platforms accessible through telephone, mobile, and internet channels.
Revenue model
Shore Bancshares generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This traditional banking model relies on the bank's ability to borrow money at lower rates (through customer deposits) and lend it at higher rates to borrowers, capturing the spread as profit. The bank's primary revenue streams include interest income from commercial loans, residential mortgages, and consumer loans, as well as fees from various banking services. Non-interest income contributes additional revenue through wealth management fees, credit card processing fees, ATM fees, and other service charges. The company also generates income from its investment securities portfolio. Several factors can impact Shore Bancshares' profitability margins. Interest rate environment significantly affects the bank's net interest margin - rising rates generally benefit banks by allowing them to charge higher loan rates faster than they increase deposit rates, while falling rates can compress margins. Credit quality directly impacts profitability through loan loss provisions, as economic downturns or local market stress can increase defaults and require higher reserves for potential losses. Competition from larger regional banks, credit unions, and fintech companies can pressure both deposit rates and loan pricing, potentially compressing margins. Regulatory compliance costs continue to increase for regional banks, affecting operational efficiency. Local economic conditions in the Delmarva Peninsula, particularly in real estate markets and key industries like agriculture and tourism, can influence both loan demand and credit quality, directly impacting the bank's financial performance.
Competitive moat
Shore Bancshares operates with a modest competitive moat primarily derived from its local market presence and customer relationships built over nearly 150 years of community banking. The company's moat stems from its deep roots in the Delmarva Peninsula, where it has established strong relationships with local businesses, municipalities, and individual customers who value personalized service and local decision-making. The bank's geographic concentration provides both advantages and vulnerabilities. While this focus allows Shore United Bank to develop expertise in local market conditions and maintain close customer relationships, it also creates concentration risk tied to the economic health of a relatively small geographic region. The Delmarva Peninsula's economy relies heavily on agriculture, tourism, and real estate, making the bank vulnerable to downturns in these sectors. Competitive threats come from multiple directions. Larger regional banks like PNC, Bank of America, and Wells Fargo have significant resources and can offer more competitive rates and sophisticated digital platforms. Credit unions often provide better rates to members, while fintech companies and online banks offer convenient digital-first experiences that appeal to younger customers. These competitors can potentially erode Shore Bancshares' customer base and pressure its pricing power. The bank's moat is further challenged by the commoditized nature of basic banking services and the increasing importance of technology and scale in delivering competitive products. While Shore Bancshares has invested in digital banking capabilities, it lacks the resources of larger institutions to compete on technology innovation. The company's competitive position relies heavily on maintaining strong local relationships and providing superior customer service, which represents a relatively narrow and potentially fragile moat in today's banking environment.
Risks & safety
Shore Bancshares demonstrates moderate financial stability with adequate capitalization but some concentration risks that warrant attention. • Liquidity position: Strong with $460 million in cash and short-term investments as of Q4 2024, representing about 7.4% of total assets • Debt levels: Reasonable debt-to-equity ratio of 0.25, indicating conservative leverage • Profitability: Consistent earnings with 2024 ROE of 8.1% and net income of $44 million • Valuation metrics: Trading at attractive levels with P/E ratio of 12.0x and price-to-book of 0.98x • Capital adequacy: Well-capitalized regional bank with total assets of $6.2 billion • Geographic concentration risk: Heavy exposure to Delmarva Peninsula economy creates vulnerability to regional downturns • Interest rate sensitivity: Net interest margin subject to rate environment changes • Credit quality: Dependent on local economic conditions, particularly real estate and agriculture sectors
Recent development
Based on the available financial data, Shore Bancshares has focused on steady organic growth and maintaining its community banking model over recent years. The company has demonstrated consistent profitability with net income growing from $31.2 million in 2022 to $43.9 million in 2024, reflecting improved operational performance and potentially favorable interest rate conditions. The bank has maintained a conservative approach to expansion, operating 29 full-service branches across its traditional Delmarva Peninsula markets while investing in digital banking capabilities to serve customers through mobile and internet platforms. Revenue has shown growth from $122.5 million in 2022 to $295.3 million in 2024, indicating successful business development and potentially reflecting the higher interest rate environment that has benefited net interest margins. Shore Bancshares has continued to focus on its core community banking strengths while adapting to changing customer preferences through enhanced digital services. The company maintains its emphasis on relationship banking and local market expertise, positioning itself as an alternative to larger regional banks for customers who value personalized service and local decision-making. The bank's wealth management and trust services represent areas of potential growth as the company seeks to deepen customer relationships and diversify revenue streams beyond traditional lending and deposit activities.
SHBI company profile · for informational purposes only — not investment advice.
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