Start here if you're new
what it is
Shore Bancshares is a community bank that takes deposits and makes loans through 40 branches across its local markets.
how it gets paid
Last year Shore Bancshares made $21M in revenue. commercial loans was the main engine at $8.0M, or 38% of sales.
why growth slowed
Revenue fell 0.3% last year. Shows quarterly EPS improving through 2024, from $0.24 in Q1 to $0.40 in Q4, for full-year EPS of $1.32 versus $0.42 in 2023.
what just happened
The latest quarter showed $15M in revenue, while EPS data came in messy across sources: $0.43 from consensus versus $0.40 in Value Line's Q4 history.
At a glance
B+ balance sheet — decent shape, but not bulletproof
45/100 earnings predictability — expect surprises
10.7x trailing p/e — the market's not buying it — or you found a deal
2.7% dividend yield — cash in your pocket every quarter
$1.32 fy2024 eps est
xvary composite: 56/100 — below average
What they do
Shore Bancshares is a community bank that takes deposits and makes loans through 40 branches across its local markets.
This is old-school banking with a local map attached. Shore runs 40 full-service branches, 42 ATMs, and five loan offices, which means your checking account, mortgage, and small-business loan can all sit in one place. Community banking moat → local relationships and branch density → so what: customers are stickier when their money and borrowing live under one roof.
How they make money
$21M
annual revenue · their business grew -0.3% last year
commercial loans
$8.0M
deposit accounts and cash management
$4.5M
residential mortgage and home equity
$4.0M
consumer lending
$3.0M
cds, CDARS, and other services
$1.5M
The products that matter
business loans and treasury services
Commercial banking
tied to a $6.3B asset base
This is the core banking engine behind a $6.3B balance sheet and most of the bank's $173.4M net interest income.
core engine
deposits, mortgages, and consumer lending
Consumer banking
funding matters more than flair
This side helps fund the lending book. For a bank where 80% of $216.7M revenue comes from net interest income, deposit quality is the product.
funding base
trust, investment, and fee services
Wealth management
inside the $43.3M fee bucket
This is part of the non-interest income stream, which brought in $43.3M and fell 2.1%. Helpful diversification, not the main event.
smaller fee stream
Key numbers
10.7x
trailing p/e
Valuation → what you pay for each dollar of earnings → so what: SHBI is priced like a bank the market does not fully trust.
$1.32
fy2024 eps
EPS → profit per share → so what: Shore recovered from $0.42 in 2023 to $1.32 in 2024, which is the whole bull case in one line.
2.7%
dividend yield
Dividend yield → cash paid to you while you wait → so what: SHBI pays you more than zero while you bet on earnings stability.
$124M
long-term debt
Debt is 17% of capital per, which is manageable but still real for a $592M bank.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 60 / 100
- long-term debt $124M (17% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SHBI right now.
source: institutional data · return history unavailable
What just happened
beat estimates
The latest quarter showed $15M in revenue, while EPS data came in messy across sources: $0.43 from consensus versus $0.40 in Value Line's Q4 history.
Value Line shows quarterly EPS improving through 2024, from $0.24 in Q1 to $0.40 in Q4, for full-year EPS of $1.32 versus $0.42 in 2023. EDGAR's latest-quarter revenue figure of $15M lines up with a sharp rebound story, but consensus and Value Line disagree on the exact quarter EPS.
$15M
revenue
$0.43
last eps
$1.32
fy2024 eps
the number that mattered
FY2024 EPS of $1.32 matters most because it compares with just $0.42 in FY2023, which tells you the earnings reset was temporary, not permanent.
source:, EDGAR, Yahoo Finance consensus, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the top risk here is the $60M subordinated note exchange and the refinancing optics around it.
high
$60M subordinated note exchange
The exchange offer covers $60M of 6.25% subordinated notes and runs until February 20, 2026. That's a live capital-markets event, not background noise.
If the exchange or refinancing process gets messy, interest expense can rise and investor confidence can fall at the same time.
med
Profitability still below the good-bank line
Return on assets is 0.95%. Regional bank investors usually want to see 1% or better as proof the balance sheet is being put to work efficiently.
If SHBI stays below that threshold, the current valuation discount can stick even if earnings hold up quarter to quarter.
med
Too much of the story runs through net interest income
About $173.4M of $216.7M revenue comes from net interest income. That's roughly 80% of the business tied to spread economics.
If funding costs rise, loan growth slows, or credit costs worsen, most of the income statement feels it quickly.
These risks sit on top of a bank where roughly 80% of $216.7M revenue comes from net interest income and return on assets is still 0.95%. That's enough concentration that execution matters more than the 2.7% yield.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Expected on or around April 23, 2026. Consensus sits at $0.46 EPS on $56.8M revenue. The number to watch is whether profitability keeps moving toward the 1% return-on-assets line.
capital
February 20 note exchange deadline
The $60M subordinated note exchange is the cleanest near-term risk marker on the page. A smooth outcome removes noise. A messy one adds it.
profitability
Return on assets above 1%
SHBI is at 0.95%. That gap looks tiny. In bank valuation, it isn't. Getting above 1% would strengthen the case for a narrower discount.
capital return
$5M share buyback
A $5M repurchase is a real signal for a $592M market cap bank, but it matters more if earnings quality improves with it.
Analyst rankings
earnings predictability
45 / 100
in human-speak, analysts do not see this as a clean, low-surprise earnings story.
risk rank
3
middle-of-the-road risk. Safer than the market's messiest names, less dependable than the best banks.
price stability
60 / 100
This isn't a rollercoaster, but it isn't a sleep aid either.
source: institutional data
Institutional activity
institutional ownership data for SHBI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$18
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive