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Shore Bancshares (SHBI) Tax Rate: 2017-2023

Historic Tax Rate for Shore Bancshares (SHBI) over the last 7 years, with Dec 2023 value amounting to 27.69%.

  • Shore Bancshares' Tax Rate rose 173.00% to 27.69% in Q4 2023 from the same period last year, while for Dec 2023 it was 20.83%, marking a year-over-year decrease of 518.00%. This contributed to the annual value of 25.24% for FY2024, which is 440.00% up from last year.
  • As of Q4 2023, Shore Bancshares' Tax Rate stood at 27.69%, which was down 18.30% from 33.89% recorded in Q3 2023.
  • Over the past 5 years, Shore Bancshares' Tax Rate peaked at 67.33% during Q4 2020, and registered a low of 25.08% during Q3 2019.
  • In the last 3 years, Shore Bancshares' Tax Rate had a median value of 26.43% in 2021 and averaged 27.59%.
  • In the last 5 years, Shore Bancshares' Tax Rate spiked by 4,148bps in 2020 and then crashed by 3,550bps in 2021.
  • Over the past 5 years, Shore Bancshares' Tax Rate (Quarterly) stood at 25.85% in 2019, then soared by 4,148bps to 67.33% in 2020, then tumbled by 3,550bps to 31.82% in 2021, then slumped by 586bps to 25.96% in 2022, then soared by 173bps to 27.69% in 2023.
  • Its last three reported values are 27.69% in Q4 2023, 33.89% for Q3 2023, and 27.12% during Q2 2023.