Shore Bancshares (SHBI) Tax Rate: 2009-2024
Historic Tax Rate for Shore Bancshares (SHBI) over the last 16 years, with Dec 2024 value amounting to 25.24%.
- 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.
- Shore Bancshares' Tax Rate amounted to 25.24% in FY2024, which was up 21.10% from 20.84% recorded in FY2023.
- Over the past 5 years, Shore Bancshares' Tax Rate peaked at 35.64% during FY2020, and registered a low of 20.84% during FY2023.
- Moreover, its 3-year median value for Tax Rate was 25.24% (2024), whereas its average is 24.03%.
- Its Tax Rate has fluctuated over the past 5 years, first soared by 1,002bps in 2020, then slumped by 820bps in 2021.
- Yearly analysis of 5 years shows Shore Bancshares' Tax Rate stood at 35.64% in 2020, then slumped by 820bps to 27.44% in 2021, then slumped by 142bps to 26.02% in 2022, then slumped by 518bps to 20.84% in 2023, then spiked by 440bps to 25.24% in 2024.