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

Shore Bancshares has reported Rent Expense for 17 years, with the latest figure at $2.6 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 1.14% year-over-year to $2.6 million; the trailing twelve-month figure through Mar 2026 stood at $9.9 million (up 0.79% YoY), and the FY2025 full-year result was $9.9 million, up 1.76% from the prior year.
• Rent Expense for Q1 2026 stood at $2.6 million, up from $2.5 million in the prior quarter.
• The five-year high for Rent Expense was $2.6 million in Q1 2026, with the low at $1.5 million in Q2 2022.
• Average Rent Expense over 5 years is $2.1 million, with a median of $2.4 million recorded in 2024.
• Year-over-year, Rent Expense jumped 92.86% in 2022 and decreased 0.53% in 2025.
• Tracing SHBI's Rent Expense over 5 years: stood at $1.7 million in 2022, then jumped by 37.43% to $2.3 million in 2023, then increased by 6.27% to $2.5 million in 2024, then declined by 0.53% to $2.5 million in 2025, then rose 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.

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