Shore Bancshares (SHBI) Research & Development (2010 - 2026)
Shore Bancshares (SHBI) posted quarterly Research & Development of $5.1 million for Q1 2026, up 9.57% year-over-year from $4.7 million in Q1 2025, and down 1.1% quarter-over-quarter from $5.2 million in Q4 2025.
Shore Bancshares (SHBI) Research & Development (2010 - 2026) Analysis & Trends
Shore Bancshares' Research & Development history runs 17 years deep, the most recent figure standing at $5.1 million for Q1 2026.
- In Q1 2026, Research & Development rose 9.57% year-over-year to $5.1 million; the TTM figure through Mar 2026 stood at $20.3 million (up 11.73% YoY), while the FY2025 annual figure was $19.9 million, up 13.45% from the prior year.
- Research & Development for Q1 2026 stood at $5.1 million, down from $5.2 million in the prior quarter.
- The five-year high for Research & Development was $6.4 million in Q4 2023, with the low at $1.6 million in Q1 2022.
- The 5-year median for Research & Development is $4.2 million (2024), against an average of $3.6 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development surged 247.14% in 2023, then decreased 24.72% in 2024.
- Shore Bancshares' Research & Development stood at $1.9 million in 2022, then soared by 247.14% to $6.4 million in 2023, then slipped by 24.72% to $4.8 million in 2024, then rose by 7.15% to $5.2 million in 2025, then slipped by 1.1% to $5.1 million in 2026.
- Business Quant data shows SHBI's Research & Development at $5.1 million in Q1 2026, $5.2 million in Q4 2025, and $5.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Shore Bancshares | 773.40 Mn | 515.73 Mn | - | 5.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.34 Mn |
| Mar 31, 2026 | 5.14 Mn |
| Dec 31, 2025 | 5.20 Mn |
| Sep 30, 2025 | 5.16 Mn |
| Jun 30, 2025 | 4.82 Mn |
| Mar 31, 2025 | 4.69 Mn |
| Dec 31, 2024 | 4.85 Mn |
| Sep 30, 2024 | 4.42 Mn |
| Jun 30, 2024 | 4.22 Mn |
| Mar 31, 2024 | 4.02 Mn |
| Dec 31, 2023 | 6.44 Mn |
| Sep 30, 2023 | 2.49 Mn |
| Jun 30, 2023 | 1.74 Mn |
| Mar 31, 2023 | 1.80 Mn |
| Dec 31, 2022 | 1.86 Mn |
| Sep 30, 2022 | 1.76 Mn |
| Jun 30, 2022 | 1.67 Mn |
| Mar 31, 2022 | 1.61 Mn |
| Dec 31, 2021 | 1.49 Mn |
| Sep 30, 2021 | 1.17 Mn |