Shore Bancshares (SHBI) Deferred Taxes: 2017-2023
Historic Deferred Taxes for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to -$3.7 million.
- Shore Bancshares' Deferred Taxes fell 91.86% to -$3.7 million in Q4 2023 from the same period last year, while for Dec 2023 it was -$2.7 million, marking a year-over-year decrease of 130.20%. This contributed to the annual value of $8.9 million for FY2024, which is 425.98% up from last year.
- Latest data reveals that Shore Bancshares reported Deferred Taxes of -$3.7 million as of Q4 2023, which was down 2,013.61% from $191,000 recorded in Q3 2023.
- Over the past 5 years, Shore Bancshares' Deferred Taxes peaked at $1.5 million during Q2 2020, and registered a low of -$3.7 million during Q4 2023.
- In the last 3 years, Shore Bancshares' Deferred Taxes had a median value of $109,500 in 2021 and averaged -$348,417.
- Per our database at Business Quant, Shore Bancshares' Deferred Taxes crashed by 539.62% in 2021 and then spiked by 1,286.54% in 2023.
- Quarterly analysis of 5 years shows Shore Bancshares' Deferred Taxes stood at $25,000 in 2019, then soared by 940.00% to $260,000 in 2020, then slumped by 539.62% to -$1.1 million in 2021, then crashed by 66.67% to -$1.9 million in 2022, then slumped by 91.86% to -$3.7 million in 2023.
- Its last three reported values are -$3.7 million in Q4 2023, $191,000 for Q3 2023, and $617,000 during Q2 2023.