Shore Bancshares (SHBI) Tax Rate (2010 - 2026)
Shore Bancshares (SHBI) recorded Tax Rate of 25.09% in Q2 2026, up 0.26 percentage points from 24.84% a year earlier and up 0.51 percentage points from the prior quarter.
Shore Bancshares (SHBI) Tax Rate (2010 - 2026) Analysis & Trends
On a TTM basis, Shore Bancshares' Tax Rate came in at 24.45% as of Jun 30, 2026, down 0.90 percentage points year-over-year; for FY2025, it came in at 24.35%, down 0.89 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -0.92 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 25.24% in FY2024 (+4.40 pp), 20.84% in FY2023 (-5.18 pp), 26.02% in FY2022 (-1.42 pp) and 27.44% in FY2021 (+2.18 pp).
- The Q2 2026 figure is the highest quarterly Tax Rate since Q4 2024.
- On a year-over-year basis, Tax Rate rose in two of the last seven quarters, with an average year-over-year change of -0.45 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 6.47 percentage points in Q4 2021, against a drop of 5.86 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.58% (Q1 2026), 23.55% (Q4 2025) and 24.42% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 23.98% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 22.68% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 22.26% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 23.29% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 24.40% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 16.36% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 24.29% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 18.08% |
| 10 | Shore Bancshares | 749.43 Mn | -659.68 Mn | - | 24.70% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.70% |
| Jun 30, 2026 | 25.09% |
| Mar 31, 2026 | 24.58% |
| Dec 31, 2025 | 23.55% |
| Sep 30, 2025 | 24.42% |
| Jun 30, 2025 | 24.84% |
| Mar 31, 2025 | 24.61% |
| Dec 31, 2024 | 26.78% |
| Sep 30, 2024 | 25.24% |
| Jun 30, 2024 | 25.11% |
| Mar 31, 2024 | 22.77% |
| Dec 31, 2023 | 27.69% |
| Jun 30, 2023 | 27.12% |
| Mar 31, 2023 | 27.38% |
| Dec 31, 2022 | 25.96% |
| Sep 30, 2022 | 26.19% |
| Jun 30, 2022 | 26.17% |
| Mar 31, 2022 | 25.60% |
| Dec 31, 2021 | 31.82% |
| Sep 30, 2021 | 26.41% |
Shore Bancshares Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SHBI&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SHBI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SHBI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();