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Shore Bancshares (SHBI) Rent Expense: 2017-2023

Historic Rent Expense for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to $2.3 million.

  • Shore Bancshares' Rent Expense rose 37.43% to $2.3 million in Q4 2023 from the same period last year, while for Dec 2023 it was $7.8 million, marking a year-over-year increase of 24.82%. This contributed to the annual value of $9.7 million for FY2024, which is 24.58% up from last year.
  • Shore Bancshares' Rent Expense amounted to $2.3 million in Q4 2023, which was up 3.70% from $2.2 million recorded in Q3 2023.
  • In the past 5 years, Shore Bancshares' Rent Expense ranged from a high of $2.3 million in Q4 2023 and a low of $668,000 during Q2 2019.
  • Moreover, its 3-year median value for Rent Expense was $1.5 million (2022), whereas its average is $1.5 million.
  • Data for Shore Bancshares' Rent Expense shows a peak YoY surged of 92.86% (in 2022) over the last 5 years.
  • Over the past 5 years, Shore Bancshares' Rent Expense (Quarterly) stood at $697,000 in 2019, then climbed by 11.05% to $745,000 in 2020, then surged by 69.53% to $1.3 million in 2021, then spiked by 34.13% to $1.7 million in 2022, then spiked by 37.43% to $2.3 million in 2023.
  • Its last three reported values are $2.3 million in Q4 2023, $2.2 million for Q3 2023, and $1.6 million during Q2 2023.