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Shore Bancshares Inc   (SHBI)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $10.7800 $-0.10 -0.919%
Day's High: $11.09 Week Perf: -5.11 %
Day's Low: $ 10.74 30 Day Perf: -4.09 %
Volume (M): 246 52 Wk High: $ 15.37
Volume (M$): $ 2,655 52 Wk Avg: $11.98
Open: $10.85 52 Wk Low: $9.66



 Market Capitalization (Millions $) 288
 Shares Outstanding (Millions) 27
 Employees 283
 Revenues (TTM) (Millions $) 138
 Net Income (TTM) (Millions $) 11
 Cash Flow (TTM) (Millions $) 317
 Capital Exp. (TTM) (Millions $) 6

Shore Bancshares Inc

The Company was incorporated under the laws of Maryland on March 15, 1996 and is a financial holding company registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company is the largest independent financial holding company located on the Eastern Shore of Maryland. The Company’s primary business is acting as the parent company to several financial institution and insurance entities. The Company engages in the banking business through CNB, a Maryland commercial bank with trust powers and The Talbot Bank of Easton, Maryland, a Maryland commercial bank (“Talbot Bank”). As used in this annual report, the term “Banks” refers to CNB and Talbot Bank and Felton Bank for periods prior to January 1, 2011 and to CNB and Talbot Bank for all other periods.

The Company engages in the insurance business through an insurance producer, The Avon-Dixon Agency, LLC, a Maryland limited liability company, with two specialty lines, trading as Elliot Wilson Insurance (Trucking) and Jack Martin & Associates (Marine); and an insurance premium finance company, Mubell Finance, LLC, a Maryland limited liability company, (all of the foregoing are collectively referred to as the “Insurance Subsidiaries”).

The Company has two inactive subsidiaries, Wye Mortgage Group, LLC and Wye Financial Services, Inc. which were organized under Maryland law.

Talbot Bank owns all of the issued and outstanding securities of Dover Street Realty, Inc., a Maryland corporation that engages in the business of holding and managing real property acquired by Talbot Bank as a result of loan foreclosures.

CNB is a Maryland chartered commercial bank with trust powers that commenced operations in 1876. CNB was originally chartered as a national banking association but converted to its present charter effective January 1, 2010. Talbot Bank is a Maryland chartered commercial bank that commenced operations in 1885 and was acquired by the Company in its December 2000 merger with Talbot Bancshares, Inc. The Banks operate 18 full service branches and 20 ATMs and provide a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Kent County, Queen Anne’s County, Caroline County, Talbot County and Dorchester County in Maryland and in Kent County, Delaware. The Banks’ deposits are insured by the Federal Deposit Insurance Corporation (the “FDIC”).

The Banks are independent community banks that serve businesses and individuals in their respective market areas. Services offered are essentially the same as those offered by larger regional institutions that compete with the Banks. Services provided to businesses include commercial checking, savings, certificates of deposit and overnight investment sweep accounts. The Banks offer all forms of commercial lending, including secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development, construction loans and letters of credit. Merchant credit card clearing services are available as well as direct deposit of payroll, internet banking and telephone banking services.

Services to individuals include checking accounts, various savings programs, mortgage loans, home improvement loans, installment and other personal loans, credit cards, personal lines of credit, automobile and other consumer financing, safe deposit boxes, debit cards, 24-hour telephone banking, internet banking, mobile banking, and 24-hour automatic teller machine services. The Banks also offer nondeposit products, such as mutual funds and annuities, and discount brokerage services to their customers. Additionally, the Banks have Saturday hours and extended hours on certain evenings during the week for added customer convenience.



   Company Address: 18 E. Dover Street Easton 21601 MD
   Company Phone Number: 763-7800   Stock Exchange / Ticker: NASDAQ SHBI
   SHBI is expected to report next financial results on March 29, 2024.


Customers Net Income fell by SHBI's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
PNC   -0.91%    
WFC        0.28% 
• View Complete Report
   



Shore Bancshares Inc

Shore Bancshares Inc Faces EPS Deterioration Despite Revenue Surge in Q4 2023



Shore Bancshares Inc, a commercial bank, recently released its financial results for the three-month period ending December 31, 2023. While the company witnessed a drop in net profit per share, its revenue surged by an impressive 48.915%. This article aims to analyze the implications of these financial results and speculate on their impact on the company's future.
Challenges and Opportunities Amidst Industry Downturn:
In an environment where most companies in the Commercial Banks sector faced declining revenues, Shore Bancshares Inc defied the trend and achieved revenue growth. This is an encouraging sign and indicates the effectiveness of the company's sales strategies. Although net profit per share decreased from $0.30 to $0.22 compared to the same period last year, it is essential to note that the overall revenue growth is a positive development.

Shore Bancshares Inc

Shore Bancshares Inc's Revenue Soars by 11.878% but Proves Elusive to Attain Profitability in Latest Financial Results



Shore Bancshares Inc (SHBIs) has reported mixed financial results for the most recent fiscal period, with revenue increasing by a significant 11.878% from the corresponding reporting period a year ago. However, the company slipped into a loss, recording a loss per share of $-0.19. Analyzing the results from the previous reporting period, revenue surged by a remarkable 31.938%, but income per share fell from $0.20. This article will explore the implications of these financial results and how they may impact Shore Bancshares Inc moving forward.
Challenges Ahead:
One notable concern is the sharp decline in net income for the July to September 30, 2023 fiscal time-frame. Instead of reporting a net income of $9.658 million, the company registered a net loss of $-6.384 million compared to the corresponding reporting period a year before. This downward shift raises questions about the underlying factors driving this loss and the potential impact on future profitability.

Shore Bancshares Inc

Shore Bancshares Inc Sinks Amidst Weak Sales - Income Per Share Plummets by 47.37% as Revenue Takes Steep Dive

Shore Bancshares Inc, a commercial bank in the United States, has recently disclosed disappointing financial results for the most recent fiscal period. Both the top and bottom line were soft, with a significant decrease of 47.37% in income per share and a decline of 10.347% in revenue year on year. Revenue for the period was reported at $27.12 million, compared to $30.25 million in the previous year, while earnings per share dropped to $0.20 from $0.38 in the second quarter of 2022.
These figures contrast with the performance of the average commercial banks sector, which saw a 12.39% growth in revenue relative to the second quarter of 2022 in the same period of 2023. In comparison to the previous three months, income decreased by 37.5% from $0.32 per share, and revenue deteriorated by 8.944% from $29.79 million. Net earnings for the second quarter of 2023 dropped by 46.42% to $4.018 million, compared to $7.499 million in the corresponding period the year before.

Shore Bancshares Inc

Shore Bancshares Inc Reports 15% YoY Income Increase in First Quarter 2023, Falls Below Industry Average in Income per Employee

Shore Bancshares Inc has reported financial results for the first quarter of 2023, which show that the company has achieved an income increase of 15.04% year on year. The cumulative income for the quarter reached $32 million, and Shore Bancshares Inc now employs 283 people. However, the company's income per employee of $113,148 is below the industry average.
Compared to the previous quarter,
Shore Bancshares Inc's overall ranking has deteriorated and now ranks 41st among commercial banks. In addition, employees of 41 other banks in the industry have higher income per employee than Shore Bancshares Inc.






 

Shore Bancshares Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Shore Bancshares Inc does not provide revenue guidance.

Earnings Outlook
Shore Bancshares Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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