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.
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Analysis
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 Set
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
Download Data
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% |
API Access
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_KEYimport 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();