Shore Bancshares (SHBI) Research & Development (2010 - 2026)

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 was $5.1 million for Q1 2026 at Shore Bancshares, down from $5.2 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $6.4 million in Q4 2023 to a low of $1.6 million in Q1 2022.
• Historically, Research & Development has averaged $3.6 million across 5 years, with a median of $4.2 million in 2024.
• The sharpest annual moves came in 2023 and 2024: Research & Development soared 247.14% in 2023, then slipped 24.72% in 2024.
• A 5-year view of Research & Development shows it stood at $1.9 million in 2022, then jumped by 247.14% to $6.4 million in 2023, then dropped by 24.72% to $4.8 million in 2024, then gained by 7.15% to $5.2 million in 2025, then dropped by 1.1% to $5.1 million in 2026.
• The last three Research & Development figures came in at $5.1 million (Q1 2026), $5.2 million (Q4 2025), and $5.2 million (Q3 2025), per Business Quant data.