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

Historic Rent Expense for Shore Bancshares (SHBI) over the last 12 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 $7.8 million, marking a year-over-year increase of 2481.58%. This contributed to the annual value of $9.7 million for FY2024, which is 2457.96% up from last year.
  • Shore Bancshares' Rent Expense amounted to $2.3 million in Q4 2023, which was up 3742.62% from $2.2 million recorded in Q3 2023.
  • Shore Bancshares' Rent Expense's 5-year high stood at $2.3 million during Q4 2023, with a 5-year trough of $668000.0 in Q2 2019.
  • Its 5-year average for Rent Expense is $1.2 million, with a median of $843000.0 in 2021.
  • In the last 5 years, Shore Bancshares' Rent Expense soared by 101.3% in 2020 and then surged by 9285.71% in 2022.
  • Shore Bancshares' Rent Expense (Quarter) stood at $697000.0 in 2019, then rose by 6.89% to $745000.0 in 2020, then skyrocketed by 69.53% to $1.3 million in 2021, then surged by 34.13% to $1.7 million in 2022, then soared 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.