Shore Bancshares (SHBI) Research & Development (2017 - 2023)

Shore Bancshares has reported Research & Development over the past 7 years, most recently at $6.4 million for Q4 2023.

  • Quarterly results put Research & Development at $6.4 million for Q4 2023, up 247.14% from a year ago — trailing twelve months through Dec 2023 was $12.5 million (up 80.91% YoY), and the annual figure for FY2025 was $19.9 million, up 13.45%.
  • Research & Development for Q4 2023 was $6.4 million at Shore Bancshares, up from $2.5 million in the prior quarter.
  • Over the last five years, Research & Development for SHBI hit a ceiling of $6.4 million in Q4 2023 and a floor of $910000.0 in Q1 2019.
  • Median Research & Development over the past 5 years was $1.2 million (2021), compared with a mean of $1.6 million.
  • Peak annual rise in Research & Development hit 247.14% in 2023, while the deepest fall reached 4.26% in 2023.
  • Shore Bancshares' Research & Development stood at $989000.0 in 2019, then increased by 10.52% to $1.1 million in 2020, then soared by 36.05% to $1.5 million in 2021, then rose by 24.82% to $1.9 million in 2022, then surged by 247.14% to $6.4 million in 2023.
  • The last three reported values for Research & Development were $6.4 million (Q4 2023), $2.5 million (Q3 2023), and $1.7 million (Q2 2023) per Business Quant data.