Shore Bancshares Income Statement (2017-2023) | SHBI

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1Y 3Y 5Y 7Y 10Y All

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Income Statement	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023
Revenue & Cost
Provisions	0.43M	0.97M	0.34M	0.55M	0.49M	0.42M	0.31M	0.46M	0.10M	0.20M	0.20M	0.20M	0.35M	1.00M	1.50M	1.05M	0.42M	0.65M	0.29M	-1.72M	0.60M	0.20M	0.68M	0.45M	1.21M	0.67M	28.18M	0.90M
Revenue	14.74M	15.08M	16.75M	7.16M	2.10M	2.28M	2.44M	14.84M	2.15M	2.56M	2.39M	15.46M	2.17M	2.02M	2.29M	2.72M	2.25M	2.65M	2.66M	3.44M	3.69M	4.15M	4.06M	3.48M	3.79M	3.66M	60.61M	49.07M
Interest income
Interest income - Loans	9.55M	10.44M	11.77M	1,083.73M	12.04M	12.63M	13.21M	13.45M	13.50M	13.75M	14.10M	14.04M	13.79M	13.95M	14.14M	14.54M	14.37M	14.38M	15.48M	20.56M	22.09M	23.45M	25.92M	27.66M	30.83M	32.73M	64.87M	65.92M
Interest income - Investments																					0.39M	0.39M	0.41M	0.41M
Interest Income - Debt Securities	1.18M	1.33M	1.32M	0.63M	1.43M	1.03M	1.11M	1.29M	1.17M	1.17M	1.39M	1.40M	1.24M	1.08M	1.18M	1.19M	1.29M	1.20M	1.32M	1.69M	2.09M	3.10M	3.19M	3.92M	4.06M	3.73M	5.05M	3.99M
Interest Income - Deposits	0.07M	0.07M	0.13M	0.07M	0.04M	0.06M	0.08M	0.10M	0.16M	0.11M	0.22M	0.29M	0.17M	0.01M	0.03M	0.04M	0.05M	0.06M	0.10M	0.17M	0.25M	0.83M	1.47M	0.66M	0.16M	0.17M	1.21M	1.22M
Interest Income - Fed Funds				6.46M																							0.09M
Interest Income - Total	10.45M	11.45M	12.94M	12.97M	13.10M	13.67M	14.24M	14.89M	14.66M	14.75M	15.19M	15.16M	14.69M	14.59M	14.90M	15.49M	15.34M	15.53M	16.90M	22.40M	24.32M	26.67M	30.58M	32.28M	35.06M	36.63M	71.25M	71.14M
Interest expenses
Interest Expense - Deposits	0.51M	0.54M	0.61M	0.59M	0.55M	0.58M	0.83M	1.58M	1.95M	2.20M	2.29M	2.29M	2.06M	1.56M	1.47M	1.35M	1.18M	1.06M	0.95M	1.27M	1.36M	1.51M	2.56M	4.55M	7.28M	9.91M	23.47M	28.13M
Interest Expense - Debt	0.00M	0.01M	0.00M	0.01M	0.23M	0.46M	0.46M	0.49M	0.21M	0.14M	0.12M	0.01M	0.11M	0.01M	0.15M	0.37M	0.36M	0.37M	0.36M	0.48M	0.53M	0.54M	0.70M	0.71M	1.36M	3.45M	1.46M	0.02M
Interest Expense - Others				-4.19M
Interest Expenses	0.51M	0.55M	0.61M	0.60M	0.77M	1.04M	1.29M	2.17M	2.27M	2.46M	2.51M	2.40M	2.17M	1.56M	1.62M	1.73M	1.54M	1.43M	1.31M	1.76M	1.89M	2.05M	3.26M	5.34M	9.40M	14.14M	25.63M	29.61M
Interest Income - Net	9.93M	10.90M	12.33M	12.37M	12.33M	12.63M	12.95M	12.73M	12.39M	12.29M	12.68M	12.76M	12.52M	13.03M	13.28M	13.77M	13.80M	14.10M	15.59M	20.64M	22.43M	24.62M	27.32M	26.94M	25.66M	22.49M	45.62M	41.52M
Non-interest income
Interest Income - Total	9.51M	9.93M	11.98M	11.99M	11.84M	12.21M	12.64M	12.27M	12.29M	12.09M	12.48M	12.56M	12.17M	12.03M	11.78M	12.71M	13.38M	13.45M	15.30M	22.36M	21.83M	24.42M	26.64M	26.49M	24.45M	21.83M	17.45M	40.63M
Financial Services Fees	2.82M	2.03M	2.09M	1.90M	0.40M	0.41M	0.38M	0.36M	0.37M	0.39M	0.38M	0.38M	0.38M	0.36M	0.38M	0.44M	0.41M	0.47M	0.48M	0.52M	0.51M	0.45M	0.42M	0.40M	0.43M	0.40M	1.93M	0.84M
Service Charges	0.83M	0.88M	0.94M	0.97M	0.91M	0.95M	0.98M	1.04M															1.28M	2.38M	1.55M	1.63M	8.63M	2.66M
Investment Gain (Loss)			0.01M		0.91M	0.95M	0.98M	1.04M	0.93M	1.03M	0.99M	0.96M	0.87M	0.54M	0.65M	0.78M	0.67M	0.68M	0.81M	1.23M	1.36M	1.44M	1.51M	1.35M	1.21M	1.26M	1.50M	1.52M
Investment Banking Income																					1.68M	0.20M	0.65M	1.39M	0.72M	0.80M	1.08M	0.38M
Income - Trust	0.36M	0.37M	0.39M	0.41M	0.40M	0.41M	0.38M	0.36M
Mortgage Banking																					1.87M	1.10M	0.68M	1.57M	0.98M	1.05M	1.38M	-1.87M
Card Income									0.59M	0.69M	0.70M	0.70M	0.65M	0.71M	0.81M	0.84M	0.87M	1.04M	1.02M	1.04M	1.04M	1.25M	1.24M	1.28M	1.21M	1.31M
Trading Income																											-2.17M
Other Non-Interest Income	0.79M	0.90M	1.00M	0.35M	0.83M	0.94M	1.10M	-1.36M	0.25M	0.46M	0.32M	0.33M	0.55M	0.41M	0.46M	0.66M	0.30M	0.46M	0.36M	0.40M	0.46M	0.58M	0.34M	0.32M	0.37M	0.76M	0.62M	1.73M
Non-Interest Income	4.81M	4.18M	4.42M	-5.21M	2.14M	2.30M	2.46M	2.11M	2.19M	2.61M	2.53M	2.69M	2.35M	2.77M	2.58M	3.05M	2.56M	2.90M	2.91M	5.13M	6.05M	5.83M	5.34M	5.86M	5.33M	5.29M	14.98M	7.55M
Operating Items
Amortization - Intangibles	0.03M	0.06M	0.12M	0.11M	0.10M	0.23M	0.27M		0.16M	0.15M	0.14M		0.14M	0.14M	0.12M	0.13M	0.13M	0.12M	0.11M	0.38M	0.52M	0.51M	0.50M	0.47M	0.44M	0.43M	2.63M	2.60M
Depreciation & Amortization - Total	0.23M	0.28M	0.29M	0.23M	0.26M	0.25M	0.21M		0.26M	0.29M	0.26M		0.32M	0.25M	0.29M	0.37M	0.31M	0.41M	0.45M	0.39M	0.43M	0.41M	0.53M	0.65M	0.53M	0.48M	0.75M	0.79M
Research & Development	0.87M	1.01M	0.92M	0.87M	0.87M	0.69M	0.93M		0.91M	0.92M	0.97M		1.04M	1.04M	1.11M	1.09M	1.13M	1.22M	1.17M	1.49M	1.61M	1.67M	1.76M	1.86M	1.80M	1.74M	2.48M	2.76M
Wages, Salaries and Other	4.50M	4.80M	5.20M	5.50M	4.23M	4.10M	4.21M		3.77M	3.79M	3.85M		4.30M	2.13M	4.14M	4.37M	4.14M	4.26M	5.09M	7.73M	9.56M	8.90M	8.56M	8.91M	8.68M	8.96M	14.18M	25.18M
Rent Expense	0.62M	0.63M	0.70M	0.75M	0.68M	0.65M	0.65M		0.69M	0.67M	0.70M		0.70M	0.70M	0.77M	0.74M	0.81M	0.77M	0.84M	1.26M	1.57M	1.49M	1.50M	1.69M	1.62M	1.60M	2.25M	2.33M
Restructuring Costs																			0.54M	7.62M	0.73M	0.24M	0.16M	0.97M	0.69M	1.20M	14.87M	0.60M
Other Operating Expenses	7.92M	8.27M	8.82M	1.22M	7.65M	7.27M	7.52M	9.22M	7.48M	7.10M	7.45M	9.85M	8.29M	5.68M	7.65M	8.35M	8.25M	8.48M	8.94M	12.75M	16.00M	16.29M	14.95M	15.83M	16.25M	16.60M	26.81M	27.19M
Operating Expenses	9.65M	10.20M	10.72M	3.07M	9.45M	8.85M	9.31M	9.22M	9.34M	8.98M	9.38M	9.85M	10.35M	7.66M	9.83M	10.56M	10.50M	10.88M	11.94M	23.50M	20.33M	20.09M	18.90M	21.00M	20.89M	21.61M	47.16M	33.67M
EBIT	5.18M	4.46M	6.30M	6.13M	5.30M	6.70M	7.08M	7.33M	7.41M	8.17M	8.14M	7.81M	6.34M	8.70M	6.15M	6.94M	6.98M	6.91M	7.58M	5.75M	9.44M	12.21M	16.35M	16.69M	18.29M	19.65M	10.90M	44.12M
Non-operating items
Non Operating Investment Income																			0.00M
Interest & Investment Income				-37.44M
Other Non Operating Income																											8.82M
Net income details
EBT	4.66M	3.91M	5.69M	5.53M	4.53M	5.66M	5.79M	5.16M	5.14M	5.72M	5.62M	5.41M	4.17M	7.14M	4.53M	5.21M	5.43M	5.48M	6.27M	3.99M	7.54M	10.16M	13.09M	11.36M	8.89M	5.51M	-14.73M	14.51M
Tax Provisions	1.86M	1.55M	2.27M	3.04M	1.07M	1.47M	1.54M	1.31M	1.31M	1.49M	1.41M	1.40M	1.05M	1.80M	1.14M	3.50M	1.44M	1.45M	1.66M	1.27M	1.93M	2.66M	3.43M	2.95M	2.44M	1.50M	-4.99M	4.02M
Profit After Tax	2.80M	2.35M	3.41M	0.02M	3.46M	4.19M	4.26M	3.85M	3.83M	4.23M	4.21M	4.01M	3.12M	5.33M	3.39M	3.89M	4.00M	4.03M	4.62M	2.72M	5.61M	7.50M	9.66M	8.41M	6.46M	4.02M	-9.74M	10.49M
Income from Continuing Operations	2.80M	2.35M	3.41M	2.49M	3.46M	4.19M	4.26M	3.85M	3.83M	4.23M	4.21M	4.01M	3.12M	5.33M	3.39M	1.70M	4.00M	4.03M	4.62M	2.72M	5.61M	7.50M	9.66M	8.41M	6.46M	4.02M	-9.74M	10.49M
Consolidated Net Income	2.80M	2.35M	3.41M	2.49M	0.78M	0.27M	0.27M	7.92M	-0.10M	-0.00M	-0.01M	0.03M	3.12M	5.33M	3.39M	1.70M	4.00M	4.03M	4.62M	2.72M	5.61M	7.50M	9.66M	8.41M	6.46M	4.02M	-9.74M	10.49M
Income towards Parent Company	2.80M	2.35M	3.41M	2.49M	0.78M	0.27M	0.27M	7.92M	-0.10M	-0.00M	-0.01M	0.03M	3.12M	5.33M	3.39M	1.70M	4.00M	4.03M	4.62M	2.72M	5.61M	7.50M	9.66M	8.41M	6.46M	4.02M	-9.74M	10.49M
Net Income towards Common Stockholders	2.80M	2.35M	3.41M	2.49M	0.78M	0.27M	0.27M	7.92M	-0.10M	-0.00M	-0.01M	0.03M	3.12M	5.33M	3.39M	1.70M	4.00M	4.03M	4.62M	2.72M	5.61M	7.50M	9.66M	8.41M	6.46M	4.02M	-9.74M	10.49M
Additional items
EPS (Basic)	0.22	0.19	0.27	0.21	0.32	0.34	0.35	0.62	0.30	0.33	0.33	0.00	0.25	0.43	0.27	0.32	0.34	0.34	0.39	0.09	0.28	0.38	0.49	0.42	0.32	0.20	-0.29	0.39
EPS (Weighted Average and Diluted)	0.22	0.19	0.27	0.21	0.32	0.34	0.35		0.30	0.33	0.33						0.34	0.34	0.39	0.09	0.28	0.38	0.49	0.42	0.32	0.20	-0.29	0.39
Shares Outstanding (Weighted Average)	12.67M	12.68M	12.69M	12.69M	12.74M	12.75M	12.75M	12.75M	12.78M	12.78M	12.78M	12.69M	12.52M	12.52M	12.53M	12.03M	11.75M	11.75M	11.75M	19.81M	19.84M	19.84M	19.85M	19.86M	19.90M	19.90M	33.12M
Shares Outstanding (Diluted Average)				12.72M
EBITDA	5.41M	4.74M	6.58M	1.86M	5.56M	6.95M	7.30M	7.33M	7.67M	8.47M	8.40M	7.81M	6.66M	8.95M	6.45M	7.30M	7.28M	7.32M	8.03M	6.14M	9.87M	12.62M	16.88M	17.34M	18.82M	20.13M	11.65M	44.91M
Tax Rate	39.94%	39.78%	39.99%	55.04%	23.54%	25.91%	26.56%	25.36%	25.51%	26.05%	25.08%	25.85%	25.25%	25.25%	25.19%	67.33%	26.41%	26.44%	26.41%	31.82%	25.60%	26.17%	26.19%	25.96%	27.38%	27.12%	33.89%	27.69%

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Shore Bancshares Income Statement (2017-2023) | SHBI

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