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

Historic Rent Expense for Shore Bancshares (SHBI) over the last 7 years, with Q4 2023 value amounting to $2.3 million.

  • Shore Bancshares' Rent Expense rose 3742.62% to $2.3 million in Q4 2023 from the same period last year, while for Dec 2023 it was $8.4 million, marking a year-over-year increase of 3639.6%. This contributed to the annual value of $9.7 million for FY2024, which is 2457.96% up from last year.
  • According to the latest figures from Q4 2023, Shore Bancshares' Rent Expense is $2.3 million, which was up 3742.62% from $2.2 million recorded in Q3 2023.
  • In the past 5 years, Shore Bancshares' Rent Expense registered a high of $2.3 million during Q4 2023, and its lowest value of $668000.0 during Q2 2019.
  • Its 5-year average for Rent Expense is $1.2 million, with a median of $843000.0 in 2021.
  • As far as peak fluctuations go, Shore Bancshares' Rent Expense skyrocketed by 101.3% in 2020, and later soared by 9285.71% in 2022.
  • Quarter analysis of 5 years shows Shore Bancshares' Rent Expense stood at $697000.0 in 2019, then grew by 6.89% to $745000.0 in 2020, then surged by 69.53% to $1.3 million in 2021, then soared by 34.13% to $1.7 million in 2022, then skyrocketed by 37.43% to $2.3 million in 2023.
  • Its Rent Expense was $2.3 million in Q4 2023, compared to $2.2 million in Q3 2023 and $1.6 million in Q2 2023.