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Shore Bancshares (SHBI) Tax Rate (2017 - 2023)

Shore Bancshares has reported Tax Rate over the past 7 years, most recently at 27.69% for Q4 2023.

  • Quarterly results put Tax Rate at 27.69% for Q4 2023, up 173.0% from a year ago — trailing twelve months through Dec 2023 was 20.83% (down 518.0% YoY), and the annual figure for FY2025 was 24.35%, down 89.0%.
  • Tax Rate for Q4 2023 was 27.69% at Shore Bancshares, down from 33.89% in the prior quarter.
  • Over the last five years, Tax Rate for SHBI hit a ceiling of 67.33% in Q4 2020 and a floor of 24.86% in Q4 2021.
  • Median Tax Rate over the past 5 years was 26.11% (2019), compared with a mean of 28.48%.
  • Biggest five-year swings in Tax Rate: surged 4148bps in 2020 and later tumbled -4246bps in 2021.
  • Shore Bancshares' Tax Rate stood at 25.85% in 2019, then skyrocketed by 160bps to 67.33% in 2020, then crashed by -63bps to 24.86% in 2021, then grew by 4bps to 25.96% in 2022, then rose by 7bps to 27.69% in 2023.
  • The last three reported values for Tax Rate were 27.69% (Q4 2023), 33.89% (Q3 2023), and 27.12% (Q2 2023) per Business Quant data.