Shore Bancshares, Inc. (SHBI) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	346.1M	342.7M	326.5M	238.4M	136.9M
Cost of Revenue	115.9M	126.0M	129.5M	109.7M	14.5M
Gross Profit	230.2M	216.7M	197.0M	128.7M	122.5M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	99.9M	84.6M	72.5M	61.6M	48.1M
General & Admin Expense	99.6M	84.6M	72.5M	61.6M	48.1M
Selling & Marketing Expense	275.0K	—	—	—	—
Other Expenses	42.7M	53.4M	65.7M	52.9M	32.2M
Total Operating Expenses	142.6M	138.0M	138.3M	114.5M	80.3M
Cost and Expenses	258.5M	264.1M	267.8M	224.2M	94.8M
Operating Income (EBIT)	87.6M	78.7M	58.7M	14.2M	42.1M
Non-Operating
Interest Income	314.1M	310.0M	295.3M	214.1M	113.8M
Interest Expense	109.9M	117.7M	124.8M	78.8M	12.5M
Net Interest Income	204.2M	192.4M	170.5M	135.3M	101.3M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	87.6M	78.7M	58.7M	14.2M	42.1M
Income Tax Expense	21.4M	19.1M	14.8M	3.0M	11.0M
Bottom Line
Net Income	66.2M	59.5M	43.9M	11.2M	31.2M
Earnings from Cont. Ops	66.2M	59.5M	43.9M	11.2M	31.2M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	66.2M	59.5M	43.9M	11.2M	31.2M
Per Share
Basic EPS	$1.99	$1.78	$1.32	$0.42	$1.57
Diluted EPS	$1.98	$1.78	$1.32	$0.42	$1.57
Revenue Per Share	$10.35	$10.26	$9.80	$8.97	$6.90
Shares
Basic Shares Outstanding	33.4M	33.4M	33.3M	26.6M	19.8M
Diluted Shares Outstanding	33.5M	33.4M	33.3M	26.6M	19.8M
Profitability Metrics
EBITDA	102.0M	78.8M	74.7M	25.1M	48.0M
D&A	14.4M	119.0K	16.0M	10.9M	5.9M
EBIT	87.6M	78.7M	58.7M	14.2M	42.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026