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Shore Bancshares (SHBI) Beginning Cash Balance: 2017-2023

Historic Beginning Cash Balance for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to -$263.7 million.

  • Shore Bancshares' Beginning Cash Balance fell 261.48% to -$263.7 million in Q4 2023 from the same period last year, while for Dec 2023 it was -$316.9 million, marking a year-over-year decrease of 154.30%. This contributed to the annual value of -$87.4 million for FY2024, which is 72.41% up from last year.
  • As of Q4 2023, Shore Bancshares' Beginning Cash Balance stood at -$263.7 million, which was down 675.43% from $45.8 million recorded in Q3 2023.
  • In the past 5 years, Shore Bancshares' Beginning Cash Balance registered a high of $583.6 million during Q1 2022, and its lowest value of -$263.7 million during Q4 2023.
  • Moreover, its 3-year median value for Beginning Cash Balance was $207.0 million (2021), whereas its average is $213.2 million.
  • Per our database at Business Quant, Shore Bancshares' Beginning Cash Balance spiked by 221.50% in 2020 and then plummeted by 261.48% in 2023.
  • Shore Bancshares' Beginning Cash Balance (Quarterly) stood at $103.4 million in 2019, then spiked by 51.36% to $156.5 million in 2020, then spiked by 98.68% to $310.9 million in 2021, then slumped by 47.47% to $163.3 million in 2022, then slumped by 261.48% to -$263.7 million in 2023.
  • Its last three reported values are -$263.7 million in Q4 2023, $45.8 million for Q3 2023, and $37.7 million during Q2 2023.