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Shore Bancshares (SHBI) Rent Expense (2017 - 2023)

Shore Bancshares has reported Rent Expense over the past 7 years, most recently at $2.3 million for Q4 2023.

  • Quarterly results put Rent Expense at $2.3 million for Q4 2023, up 37.43% from a year ago — trailing twelve months through Dec 2023 was $7.8 million (up 24.82% YoY), and the annual figure for FY2025 was $9.9 million, up 1.76%.
  • Rent Expense for Q4 2023 was $2.3 million at Shore Bancshares, up from $2.2 million in the prior quarter.
  • Over the last five years, Rent Expense for SHBI hit a ceiling of $2.3 million in Q4 2023 and a floor of $668000.0 in Q2 2019.
  • Median Rent Expense over the past 5 years was $828500.0 (2021), compared with a mean of $1.2 million.
  • Biggest five-year swings in Rent Expense: rose 1.01% in 2020 and later skyrocketed 92.86% in 2022.
  • Shore Bancshares' Rent Expense stood at $702000.0 in 2019, then grew by 6.13% to $745000.0 in 2020, then soared by 69.53% to $1.3 million in 2021, then surged by 34.13% to $1.7 million in 2022, then skyrocketed by 37.43% to $2.3 million in 2023.
  • The last three reported values for Rent Expense were $2.3 million (Q4 2023), $2.2 million (Q3 2023), and $1.6 million (Q2 2023) per Business Quant data.