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Shore Bancshares (SHBI) Depreciation Expense: 2017-2023

Historic Depreciation Expense for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to $790,000.

  • Shore Bancshares' Depreciation Expense rose 21.91% to $790,000 in Q4 2023 from the same period last year, while for Dec 2023 it was $2.6 million, marking a year-over-year increase of 26.22%. This contributed to the annual value of $3.4 million for FY2024, which is 34.89% up from last year.
  • Latest data reveals that Shore Bancshares reported Depreciation Expense of $790,000 as of Q4 2023, which was up 5.33% from $750,000 recorded in Q3 2023.
  • Over the past 5 years, Shore Bancshares' Depreciation Expense peaked at $790,000 during Q4 2023, and registered a low of $247,000 during Q2 2020.
  • Moreover, its 3-year median value for Depreciation Expense was $463,000 (2021), whereas its average is $510,417.
  • Its Depreciation Expense has fluctuated over the past 5 years, first dropped by 16.27% in 2020, then skyrocketed by 68.31% in 2022.
  • Over the past 5 years, Shore Bancshares' Depreciation Expense (Quarterly) stood at $263,000 in 2019, then grew by 11.79% to $366,000 in 2020, then rose by 5.19% to $385,000 in 2021, then soared by 68.31% to $648,000 in 2022, then climbed by 21.91% to $790,000 in 2023.
  • Its Depreciation Expense stands at $790,000 for Q4 2023, versus $750,000 for Q3 2023 and $477,000 for Q2 2023.