Shore Bancshares (SHBI) Research & Development: 2017-2023
Historic Research & Development for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to $2.8 million.
- Shore Bancshares' Research & Development rose 48.76% to $2.8 million in Q4 2023 from the same period last year, while for Dec 2023 it was $8.8 million, marking a year-over-year increase of 27.47%. This contributed to the annual value of $12.3 million for FY2024, which is 40.37% up from last year.
- According to the latest figures from Q4 2023, Shore Bancshares' Research & Development is $2.8 million, which was up 11.11% from $2.5 million recorded in Q3 2023.
- Over the past 5 years, Shore Bancshares' Research & Development peaked at $2.8 million during Q4 2023, and registered a low of $910,000 during Q1 2019.
- Moreover, its 3-year median value for Research & Development was $1.7 million (2022), whereas its average is $1.7 million.
- Data for Shore Bancshares' Research & Development shows a peak YoY soared of 50.34% (in 2022) over the last 5 years.
- Quarterly analysis of 5 years shows Shore Bancshares' Research & Development stood at $972,000 in 2019, then rose by 14.61% to $1.1 million in 2020, then surged by 36.05% to $1.5 million in 2021, then grew by 24.82% to $1.9 million in 2022, then skyrocketed by 48.76% to $2.8 million in 2023.
- Its last three reported values are $2.8 million in Q4 2023, $2.5 million for Q3 2023, and $1.7 million during Q2 2023.