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Shore Bancshares (SHBI) Operating Expenses: 2017-2023

Historic Operating Expenses for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to $33.7 million.

  • Shore Bancshares' Operating Expenses rose 60.33% to $33.7 million in Q4 2023 from the same period last year, while for Dec 2023 it was $123.3 million, marking a year-over-year increase of 53.54%. This contributed to the annual value of $138.3 million for FY2024, which is 12.10% up from last year.
  • Latest data reveals that Shore Bancshares reported Operating Expenses of $33.7 million as of Q4 2023, which was down 28.61% from $47.2 million recorded in Q3 2023.
  • Shore Bancshares' 5-year Operating Expenses high stood at $47.2 million for Q3 2023, and its period low was $7.7 million during Q2 2020.
  • In the last 3 years, Shore Bancshares' Operating Expenses had a median value of $20.6 million in 2022 and averaged $21.7 million.
  • Its Operating Expenses has fluctuated over the past 5 years, first decreased by 14.71% in 2020, then skyrocketed by 149.53% in 2023.
  • Over the past 5 years, Shore Bancshares' Operating Expenses (Quarterly) stood at $9.8 million in 2019, then increased by 7.22% to $10.6 million in 2020, then soared by 122.59% to $23.5 million in 2021, then dropped by 10.63% to $21.0 million in 2022, then soared by 60.33% to $33.7 million in 2023.
  • Its Operating Expenses stands at $33.7 million for Q4 2023, versus $47.2 million for Q3 2023 and $21.6 million for Q2 2023.