Shore Bancshares (SHBI) Revenue & Revenue Breakdown


OverviewOwnershipFinancialsChart

Shore Bancshares Revenue Highlights


Latest Revenue (Y)

$238.42M

Latest Revenue (Q)

$81.55M

Main Segment (Y)

Deposit Account

Shore Bancshares Revenue by Period


Shore Bancshares Revenue by Year

DateRevenueChange
2023-12-31$238.42M91.68%
2022-12-31$124.39M60.24%
2021-12-31$77.63M22.55%
2020-12-31$63.35M5.31%
2019-12-31$60.15M-12.81%
2018-12-31$68.99M9.02%
2017-12-31$63.28M15.27%
2016-12-31$54.89M7.76%
2015-12-31$50.94M2.05%
2014-12-31$49.92M-1.23%
2013-12-31$50.54M1.67%
2012-12-31$49.71M-12.92%
2011-12-31$57.08M-5.93%
2010-12-31$60.68M-0.39%
2009-12-31$60.92M0.46%
2008-12-31$60.64M8.84%
2007-12-31$55.72M7.69%
2006-12-31$51.74M10.12%
2005-12-31$46.98M18.93%
2004-12-31$39.50M14.70%
2003-12-31$34.44M15.43%
2002-12-31$29.84M21.67%
2001-12-31$24.52M2.41%
2000-12-31$23.95M1976.90%
1999-12-31$1.15M32.12%
1999-01-08$872.64K-4.00%
1997-12-31$909.05K-

Shore Bancshares generated $238.42M in revenue during NA 2023, up 91.68% compared to the previous quarter, and up 345.60% compared to the same period a year ago.

Shore Bancshares Revenue by Quarter

DateRevenueChange
2024-06-30$81.55M4.94%
2024-03-31$77.71M-1.24%
2023-12-31$78.68M51.93%
2023-09-30$51.79M86.38%
2023-06-30$27.79M-10.36%
2023-03-31$31.00M-5.51%
2022-12-31$32.80M0.45%
2022-09-30$32.66M7.25%
2022-06-30$30.45M6.94%
2022-03-31$28.48M10.51%
2021-12-31$25.77M39.30%
2021-09-30$18.50M8.77%
2021-06-30$17.01M3.97%
2021-03-31$16.36M-2.71%
2020-12-31$16.81M5.98%
2020-09-30$15.86M0.41%
2020-06-30$15.80M6.25%
2020-03-31$14.87M-3.80%
2019-12-31$15.46M1.64%
2019-09-30$15.21M2.06%
2019-06-30$14.90M2.19%
2019-03-31$14.58M-13.72%
2018-12-31$16.90M-4.29%
2018-09-30$17.66M2.82%
2018-06-30$17.17M-0.49%
2018-03-31$17.26M3.29%
2017-12-31$16.71M-0.26%
2017-09-30$16.75M11.09%
2017-06-30$15.08M2.29%
2017-03-31$14.74M5.14%
2016-12-31$14.02M2.61%
2016-09-30$13.66M1.80%
2016-06-30$13.42M-2.61%
2016-03-31$13.78M12.01%
2015-12-31$12.31M-4.72%
2015-09-30$12.91M3.56%
2015-06-30$12.47M-1.21%
2015-03-31$12.62M10.53%
2014-12-31$11.42M-9.57%
2014-09-30$12.63M1.31%
2014-06-30$12.47M-1.05%
2014-03-31$12.60M2.31%
2013-12-31$12.31M-6.78%
2013-09-30$13.21M5.65%
2013-06-30$12.51M-0.01%
2013-03-31$12.51M30.33%
2012-12-31$9.60M-24.62%
2012-09-30$12.73M-6.46%
2012-06-30$13.61M-1.15%
2012-03-31$13.77M-0.63%
2011-12-31$13.86M-5.39%
2011-09-30$14.65M2.26%
2011-06-30$14.32M0.46%
2011-03-31$14.26M-3.76%
2010-12-31$14.81M-3.37%
2010-09-30$15.33M0.47%
2010-06-30$15.26M-0.12%
2010-03-31$15.28M2.32%
2009-12-31$14.93M-1.43%
2009-09-30$15.15M-1.85%
2009-06-30$15.43M0.16%
2009-03-31$15.41M1.86%
2008-12-31$15.13M-0.18%
2008-09-30$15.15M2.22%
2008-06-30$14.83M-4.55%
2008-03-31$15.53M2.58%
2007-12-31$15.14M-

Shore Bancshares generated $81.55M in revenue during Q2 2024, up 4.94% compared to the previous quarter, and up 263.07% compared to the same period a year ago.

Shore Bancshares Revenue Breakdown


Shore Bancshares Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23
Deposit Account$5.50M

Shore Bancshares's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit Account (100.00%).

Quarterly Revenue by Product

Product/ServiceMar 24
Deposit Account$1.51M

Shore Bancshares's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Deposit Account (100.00%).

Shore Bancshares Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SMBCSouthern Missouri Bancorp$273.07M$74.54M
SHBIShore Bancshares$238.42M$81.55M
CBANColony Bankcorp$160.55M$44.69M
ISTRInvestar$141.13M$39.10M
WNEBWestern New England Bancorp$101.12M$27.84M
OPOFOld Point Financial$80.28M$21.99M
TCFCCommunity Financial$79.92M$20.52M
VABKVirginia National Bankshares$79.09M$20.86M
IROQIF Bancorp$45.37M$12.32M
HMNFHMN Financial$43.48M$14.79M
BSBKBogota Financial$38.42M$10.78M
LSBKLake Shore Bancorp$36.39M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
MGYRMagyar Bancorp$30.42M$12.74M
HVBCHV Bancorp$25.74M$6.58M
TCBCTC Bancshares$21.92M$6.04B
OFEDOconee Federal Financial$16.61M$3.21M

SHBI Revenue FAQ


What is Shore Bancshares’s yearly revenue?

Shore Bancshares's yearly revenue for 2023 was $238.42M, representing an increase of 91.68% compared to 2022. The company's yearly revenue for 2022 was $124.39M, representing an increase of 60.24% compared to 2021. SHBI's yearly revenue for 2021 was $77.63M, representing an increase of 22.55% compared to 2020.

What is Shore Bancshares’s quarterly revenue?

Shore Bancshares's quarterly revenue for Q2 2024 was $81.55M, a 4.94% increase from the previous quarter (Q1 2024), and a 193.46% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $77.71M, a -1.24% decrease from the previous quarter (Q4 2023), and a 150.68% increase year-over-year (Q1 2023). SHBI's quarterly revenue for Q4 2023 was $78.68M, a 51.93% increase from the previous quarter (Q3 2023), and a 139.85% increase year-over-year (Q4 2022).

What is Shore Bancshares’s revenue growth rate?

Shore Bancshares's revenue growth rate for the last 3 years (2021-2023) was 207.13%, and for the last 5 years (2019-2023) was 296.37%.

What are Shore Bancshares’s revenue streams?

Shore Bancshares's revenue streams in c 23 are Deposit Account

What is Shore Bancshares’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Shore Bancshares was Deposit Account. This segment made a revenue of $5.5M, representing 100.00% of the company's total revenue.