Shore Bancshares (SHBI) Tax Rate (2010 - 2026)

Shore Bancshares' Tax Rate history runs 17 years deep, the most recent figure standing at 24.58% for Q1 2026.

• In Q1 2026, Tax Rate fell 3.0% year-over-year to 24.58%; the TTM figure through Mar 2026 stood at 24.35% (down 110.0% YoY), while the FY2025 annual figure was 24.35%, down 89.0% from the prior year.
• Tax Rate was 24.58% for Q1 2026 at Shore Bancshares, up from 23.55% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 33.89% in Q3 2023 to a low of 22.77% in Q1 2024.
• Historically, Tax Rate has averaged 25.99% across 5 years, with a median of 25.6% in 2022.
• The sharpest annual moves came in 2023 and 2024: Tax Rate soared 770 bps in 2023, then sank 865 bps in 2024.
• A 5-year view of Tax Rate shows it stood at 25.96% in 2022, then advanced by 7 bps to 27.69% in 2023, then dropped by 3 bps to 26.78% in 2024, then declined by 12 bps to 23.55% in 2025, then climbed by 4 bps to 24.58% in 2026.
• The last three Tax Rate figures came in at 24.58% (Q1 2026), 23.55% (Q4 2025), and 24.42% (Q3 2025), per Business Quant data.