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

Historic Tax Rate for Shore Bancshares (SHBI) over the last 7 years, with Q4 2023 value amounting to 27.69%.

  • Shore Bancshares' Tax Rate rose 17300.0% to 27.69% in Q4 2023 from the same period last year, while for Dec 2023 it was 31.52%, marking a year-over-year decrease of 610900.0%. This contributed to the annual value of 25.24% for FY2024, which is 44000.0% up from last year.
  • Per Shore Bancshares' latest filing, its Tax Rate stood at 27.69% for Q4 2023, which was up 17300.0% from 33.89% recorded in Q3 2023.
  • Shore Bancshares' 5-year Tax Rate high stood at 67.33% for Q4 2020, and its period low was 25.08% during Q3 2019.
  • Its 5-year average for Tax Rate is 28.83%, with a median of 26.18% in 2022.
  • As far as peak fluctuations go, Shore Bancshares' Tax Rate surged by 414800bps in 2020, and later tumbled by -355000bps in 2021.
  • Quarter analysis of 5 years shows Shore Bancshares' Tax Rate stood at 25.85% in 2019, then soared by 160bps to 67.33% in 2020, then tumbled by -53bps to 31.82% in 2021, then dropped by -18bps to 25.96% in 2022, then grew by 7bps to 27.69% in 2023.
  • Its Tax Rate was 27.69% in Q4 2023, compared to 33.89% in Q3 2023 and 27.12% in Q2 2023.