Shore Bancshares (SHBI) Rent Expense (2010 - 2026)

Shore Bancshares' Rent Expense history runs 17 years deep, the most recent figure standing at $2.6 million for Q1 2026.

• In Q1 2026, Rent Expense rose 1.14% year-over-year to $2.6 million; the TTM figure through Mar 2026 stood at $9.9 million (up 0.79% YoY), while the FY2025 annual figure was $9.9 million, up 1.76% from the prior year.
• Rent Expense was $2.6 million for Q1 2026 at Shore Bancshares, up from $2.5 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $2.6 million in Q1 2026 to a low of $1.5 million in Q2 2022.
• Historically, Rent Expense has averaged $2.1 million across 5 years, with a median of $2.4 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Rent Expense surged 92.86% in 2022, then fell 0.53% in 2025.
• A 5-year view of Rent Expense shows it stood at $1.7 million in 2022, then soared by 37.43% to $2.3 million in 2023, then grew by 6.27% to $2.5 million in 2024, then dropped by 0.53% to $2.5 million in 2025, then increased by 4.31% to $2.6 million in 2026.
• The last three Rent Expense figures came in at $2.6 million (Q1 2026), $2.5 million (Q4 2025), and $2.4 million (Q3 2025), per Business Quant data.