A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
SHORE BANCSHARES INC
SHBI
$789M
Mkt Cap
$23.61
+3.10%
SHORE BANCSHARES INC (SHBI) has a current P/E ratio of 13.3, compared to its historical median P/E of 11.3. The stock is currently considered Fair based on its historical valuation range.
SHORE BANCSHARES INC (SHBI) has a 5-year average return on invested capital (ROIC) of 6.5%. This is below average and may indicate limited pricing power.
SHORE BANCSHARES INC (SHBI) has a market capitalization of $790M. It is classified as a small-cap stock.
Yes, SHORE BANCSHARES INC (SHBI) pays a dividend with a trailing twelve-month yield of 2.04%.
Based on historical P/E analysis, SHORE BANCSHARES INC (SHBI) appears fair. The current P/E of 13.3 is 17% above its historical median of 11.3. The estimated fair value CAGR (P/E method) is -6.5%.
SHORE BANCSHARES INC (SHBI) operates in the National Commercial Banks industry, within the Financials sector.
SHORE BANCSHARES INC (SHBI) reported annual revenue of $343 million in its most recent fiscal year, based on SEC EDGAR filings.
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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 232M | 343M | 326M | 247M | 137M | 84M |
| Net Income | 63M | 60M | 44M | 11M | 31M | 15M |
| EPS | $1.88 | $1.78 | $1.32 | $0.42 | $1.57 | $1.17 |
| Free Cash Flow | 71M | 59M | 42M | 17M | 50M | -11M |
| ROIC | 0.0% | 9.2% | 7.3% | 2.3% | 8.2% | 5.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.15 | 0.15 | 0.14 | 0.15 | 0.12 | 0.00 |
| Dividends/Share | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 | $0.48 |
| Operating Income | 0 | 79M | 59M | 14M | 1.8M | 1.5M |
| Operating Margin | 0.0% | 23.0% | 18.0% | 5.7% | 1.3% | 1.8% |
| ROE | 10.4% | 10.5% | 8.3% | 2.6% | 8.7% | 5.6% |
| Shares Outstanding | 33M | 33M | 33M | 27M | 20M | 13M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 55M | 54M | 57M | 56M | 65M | 60M | 70M | 84M | 137M | 247M | 326M | 343M | 232M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 39M | 37M | 37M | 34M | 37M | 38M | 38M | 57M | 80M | 123M | 138M | 138M | 141M |
| EBIT | 3.0M | 2.6M | 3.0M | 3.0M | 21M | 4.6M | 1.8M | 1.5M | 1.8M | 14M | 59M | 79M | 0 |
| Op. Margin | 5.4% | 4.9% | 5.2% | 5.4% | 32.6% | 7.6% | 2.6% | 1.8% | 1.3% | 5.7% | 18.0% | 23.0% | 0.0% |
| Net Income | 5.1M | 7.1M | 9.6M | 11M | 25M | 16M | 16M | 15M | 31M | 11M | 44M | 60M | 63M |
| Net Margin | 9.2% | 13.1% | 16.8% | 20.1% | 38.5% | 26.9% | 22.3% | 18.4% | 22.8% | 4.5% | 13.4% | 17.4% | 27.1% |
| Non-Recurring | 605K | 273K | 523K | 250K | 13M | 0 | -41K | -4K | -183K | 0 | 737K | -61K | -61K |
| Returns on Capital | |||||||||||||
| ROIC | 4.1% | 4.9% | 6.4% | 7.1% | 13.8% | 0.2% | 7.8% | 5.6% | 8.2% | 2.3% | 7.3% | 9.2% | 0.0% |
| ROE | 4.1% | 4.9% | 6.4% | 7.1% | 14.4% | 8.4% | 8.1% | 5.6% | 8.7% | 2.6% | 8.3% | 10.5% | 10.4% |
| ROA | 0.5% | 0.6% | 0.8% | 0.9% | 1.7% | 1.0% | 0.9% | 0.6% | 0.9% | 0.2% | 0.7% | 1.0% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 13M | 15M | 19M | 20M | 18M | 14M | 18M | -7.5M | 53M | 23M | 47M | 62M | 74M |
| Free Cash Flow | 11M | 14M | 18M | 18M | 17M | 11M | 16M | -11M | 50M | 17M | 42M | 59M | 71M |
| Owner Earnings | 12M | 14M | 18M | 17M | 16M | 11M | 16M | -10M | 48M | 12M | 31M | 48M | 49M |
| CapEx | 2.1M | 1.5M | 699K | 1.3M | 1.1M | 2.2M | 2.4M | 3.4M | 2.4M | 6.0M | 5.2M | 3.2M | 3.2M |
| Maint. CapEx | 1.1M | 1.0M | 1.1M | 1.2M | 1.9M | 2.4M | 1.7M | 2.2M | 4.4M | 9.4M | 14M | 13M | 23M |
| Growth CapEx | 1.0M | 473K | 0 | 28K | 0 | 0 | 642K | 1.2M | 0 | 0 | 0 | 0 | 0 |
| D&A | 1.1M | 1.0M | 1.1M | 1.2M | 1.9M | 2.4M | 1.7M | 2.2M | 4.4M | 9.4M | 14M | 13M | 23M |
| CapEx/OCF | 15.8% | 10.0% | 3.7% | 6.4% | 6.2% | 16.3% | 12.9% | N/A | 4.6% | 26.2% | 11.1% | 5.1% | 4.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 506K | 1.8M | 0 | 4.0M | 5.3M | 0 | 6.6M | 9.5M | 13M | 16M | 16M | 16M |
| Dividend Yield | N/A | 0.6% | 1.5% | N/A | 2.2% | 3.3% | N/A | 3.4% | 2.8% | 4.0% | 3.9% | 3.2% | 2.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 87K | 283K | 334K | 1.1M | 447K | 149K | 263K | 378K | 636K | 1.2M | 1.7M | 1.9M | 2.3M |
| Debt Repayment | 0 | 1.9M | 3.5M | 19M | 39M | 60M | 15M | 3.1M | 10M | 0 | 0 | 50M | 50M |
| Balance Sheet | |||||||||||||
| Net Debt | -92M | -67M | -73M | -207M | -146M | -202M | -326M | -582M | -12M | -294M | -384M | -265M | -252M |
| Cash & Equiv. | 96M | 74M | 76M | 32M | 67M | 95M | 187M | 584M | 55M | 372M | 460M | 356M | 341M |
| Long-Term Debt | 0 | N/A | N/A | N/A | 15M | 15M | 635K | 1.6M | 43M | 73M | 74M | 89M | 89M |
| Debt/Equity | 0.03 | 0.05 | 0.02 | 0.13 | 0.41 | 0.08 | 0.00 | 0.00 | 0.12 | 0.15 | 0.14 | 0.15 | 0.15 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 140M | 147M | 154M | 164M | 183M | 193M | 195M | 351M | 364M | 511M | 541M | 590M | 603M |
| Total Assets | 1.1B | 1.1B | 1.2B | 1.4B | 1.5B | 1.6B | 1.9B | 3.5B | 3.5B | 6.0B | 6.2B | 6.3B | 6.2B |
| Total Liabilities | 960M | 988M | 1.0B | 1.2B | 1.3B | 1.4B | 1.7B | 3.1B | 3.1B | 5.5B | 5.7B | 5.7B | 5.6B |
| Intangibles | 1.3M | 1.2M | 1.1M | 3.7M | 2.9M | 20M | 1.7M | 7.5M | 5.5M | 48M | 38M | 30M | 28M |
| Retained Earnings | 76M | 83M | 91M | 100M | 121M | 131M | 141M | 150M | 172M | 162M | 190M | 234M | 247M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.46 | 0.56 | 0.76 | 0.89 | 1.96 | 1.27 | 1.27 | 1.17 | 1.57 | 0.42 | 1.32 | 1.78 | 1.88 |
| Owner EPS | 1.10 | 1.09 | 1.38 | 1.36 | 1.25 | 0.88 | 1.33 | -0.77 | 2.40 | 0.45 | 0.93 | 1.42 | 1.47 |
| Book Value | 12.79 | 11.58 | 12.17 | 12.94 | 14.36 | 15.12 | 15.75 | 26.70 | 18.34 | 19.12 | 16.27 | 17.64 | 18.02 |
| Cash Flow/Share | 1.20 | 1.19 | 1.50 | 1.54 | 1.43 | 1.08 | 1.49 | -0.57 | 2.65 | 0.85 | 1.41 | 1.87 | 2.56 |
| Dividends/Share | 0.00 | 0.04 | 0.14 | 0.22 | 0.32 | 0.42 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Shares Out. | 11.0M | 12.7M | 12.7M | 12.7M | 12.8M | 12.8M | 12.4M | 13.1M | 19.9M | 26.7M | 33.2M | 33.4M | 33.5M |
| Valuation | |||||||||||||
| P/E Ratio | 15.4 | 14.2 | 15.6 | 14.7 | 5.7 | 11.1 | 9.9 | 15.4 | 9.9 | 31.8 | 11.6 | 10.0 | 12.6 |
| P/FCF | 7.0 | 7.4 | 8.2 | 9.1 | 8.3 | 15.6 | 9.7 | N/A | 6.1 | 21.3 | 12.2 | 10.1 | 11.1 |
| EV/EBIT | N/A | 12.9 | 26.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.4 | 49.7 | N/A |
| Price/Book | 0.6 | 0.7 | 1.0 | 1.0 | 0.8 | 0.9 | 0.8 | 0.7 | 0.8 | 0.7 | 0.9 | 1.0 | 1.3 |
| Price/Sales | 1.5 | 1.8 | 2.1 | 3.0 | 3.0 | 2.7 | 1.9 | 2.5 | 2.7 | 1.9 | 2.0 | 2.3 | 3.4 |
| FCF Yield | 14.3% | 13.4% | 12.2% | 11.0% | 12.0% | 6.4% | 10.3% | -4.6% | 16.3% | 4.7% | 8.2% | 9.9% | 9.0% |
| Market Cap | 78M | 101M | 151M | 166M | 143M | 180M | 155M | 237M | 307M | 357M | 508M | 596M | 790M |
| Avg. Price | 6.97 | 7.21 | 9.20 | 12.85 | 14.03 | 12.59 | 9.78 | 14.79 | 17.21 | 11.84 | 12.27 | 15.27 | 23.61 |
| Year-End Price | 7.07 | 7.97 | 11.88 | 13.08 | 11.21 | 14.08 | 12.54 | 18.04 | 15.48 | 13.35 | 15.27 | 17.82 | 23.61 |
SHORE BANCSHARES INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
SHORE BANCSHARES INC trades at 13.3x trailing earnings, compared to its 15-year median P/E of 11.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.3x vs a median of 9.7x. The company's 5-year average ROIC is 6.5%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is -3.0%.
SHORE BANCSHARES INC (SHBI) has a net profit margin of 17.4%. This is a healthy margin.
SHORE BANCSHARES INC (SHBI) generated $59 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SHORE BANCSHARES INC (SHBI) has a debt-to-equity ratio of 0.15. This indicates a conservatively financed balance sheet.
SHORE BANCSHARES INC (SHBI) reported earnings per share (EPS) of $1.78 in its most recent fiscal year.
SHORE BANCSHARES INC (SHBI) has a return on equity (ROE) of 10.5%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for SHORE BANCSHARES INC (SHBI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SHORE BANCSHARES INC (SHBI) has a book value per share of $17.64, based on its most recent annual SEC filing.