Shore Bancshares (SHBI) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $238.42M | 91.68% |
| 2022-12-31 | $124.39M | 60.24% |
| 2021-12-31 | $77.63M | 22.55% |
| 2020-12-31 | $63.35M | 5.31% |
| 2019-12-31 | $60.15M | -12.81% |
| 2018-12-31 | $68.99M | 9.02% |
| 2017-12-31 | $63.28M | 15.27% |
| 2016-12-31 | $54.89M | 7.76% |
| 2015-12-31 | $50.94M | 2.05% |
| 2014-12-31 | $49.92M | -1.23% |
| 2013-12-31 | $50.54M | 1.67% |
| 2012-12-31 | $49.71M | -12.92% |
| 2011-12-31 | $57.08M | -5.93% |
| 2010-12-31 | $60.68M | -0.39% |
| 2009-12-31 | $60.92M | 0.46% |
| 2008-12-31 | $60.64M | 8.84% |
| 2007-12-31 | $55.72M | 7.69% |
| 2006-12-31 | $51.74M | 10.12% |
| 2005-12-31 | $46.98M | 18.93% |
| 2004-12-31 | $39.50M | 14.70% |
| 2003-12-31 | $34.44M | 15.43% |
| 2002-12-31 | $29.84M | 21.67% |
| 2001-12-31 | $24.52M | 2.41% |
| 2000-12-31 | $23.95M | 1976.90% |
| 1999-12-31 | $1.15M | 32.12% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $81.55M | 4.94% |
| 2024-03-31 | $77.71M | -1.24% |
| 2023-12-31 | $78.68M | 51.93% |
| 2023-09-30 | $51.79M | 86.38% |
| 2023-06-30 | $27.79M | -10.36% |
| 2023-03-31 | $31.00M | -5.51% |
| 2022-12-31 | $32.80M | 0.45% |
| 2022-09-30 | $32.66M | 7.25% |
| 2022-06-30 | $30.45M | 6.94% |
| 2022-03-31 | $28.48M | 10.51% |
| 2021-12-31 | $25.77M | 39.30% |
| 2021-09-30 | $18.50M | 8.77% |
| 2021-06-30 | $17.01M | 3.97% |
| 2021-03-31 | $16.36M | -2.71% |
| 2020-12-31 | $16.81M | 5.98% |
| 2020-09-30 | $15.86M | 0.41% |
| 2020-06-30 | $15.80M | 6.25% |
| 2020-03-31 | $14.87M | -3.80% |
| 2019-12-31 | $15.46M | 1.64% |
| 2019-09-30 | $15.21M | 2.06% |
| 2019-06-30 | $14.90M | 2.19% |
| 2019-03-31 | $14.58M | -13.72% |
| 2018-12-31 | $16.90M | -4.29% |
| 2018-09-30 | $17.66M | 2.82% |
| 2018-06-30 | $17.17M | -0.49% |
| 2018-03-31 | $17.26M | 3.29% |
| 2017-12-31 | $16.71M | -0.26% |
| 2017-09-30 | $16.75M | 11.09% |
| 2017-06-30 | $15.08M | 2.29% |
| 2017-03-31 | $14.74M | 5.14% |
| 2016-12-31 | $14.02M | 2.61% |
| 2016-09-30 | $13.66M | 1.80% |
| 2016-06-30 | $13.42M | -2.61% |
| 2016-03-31 | $13.78M | 12.01% |
| 2015-12-31 | $12.31M | -4.72% |
| 2015-09-30 | $12.91M | 3.56% |
| 2015-06-30 | $12.47M | -1.21% |
| 2015-03-31 | $12.62M | 10.53% |
| 2014-12-31 | $11.42M | -9.57% |
| 2014-09-30 | $12.63M | 1.31% |
| 2014-06-30 | $12.47M | -1.05% |
| 2014-03-31 | $12.60M | 2.31% |
| 2013-12-31 | $12.31M | -6.78% |
| 2013-09-30 | $13.21M | 5.65% |
| 2013-06-30 | $12.51M | -0.01% |
| 2013-03-31 | $12.51M | 30.33% |
| 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 | $14.65M | 2.26% |
| 2011-06-30 | $14.32M | 0.46% |
| 2011-03-31 | $14.26M | -3.76% |
| 2010-12-31 | $14.81M | -3.37% |
| 2010-09-30 | $15.33M | 0.47% |
| 2010-06-30 | $15.26M | -0.12% |
| 2010-03-31 | $15.28M | 2.32% |
| 2009-12-31 | $14.93M | -1.43% |
| 2009-09-30 | $15.15M | -1.85% |
| 2009-06-30 | $15.43M | 0.16% |
| 2009-03-31 | $15.41M | 1.86% |
| 2008-12-31 | $15.13M | -0.18% |
| 2008-09-30 | $15.15M | 2.22% |
| 2008-06-30 | $14.83M | -4.55% |
| 2008-03-31 | $15.53M | 2.58% |
| 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/Service | Dec 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/Service | Mar 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SHBI | Shore Bancshares | $238.42M | $81.55M |
| CBAN | Colony Bankcorp | $160.55M | $42.83M |
| SMBC | Southern Missouri Bancorp | $152.95M | $69.55M |
| ISTR | Investar | $141.13M | $38.54M |
| WNEB | Western New England Bancorp | $101.12M | $30.63M |
| OPOF | Old Point Financial | $80.28M | $21.59M |
| TCFC | Community Financial | $79.92M | $20.52M |
| VABK | Virginia National Bankshares | $79.09M | $20.35M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| BSBK | Bogota Financial | $38.42M | $10.78M |
| LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
| MGYR | Magyar Bancorp | $30.42M | $12.74M |
| IROQ | IF Bancorp | $26.07M | $11.94M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| TCBC | TC Bancshares | $21.92M | $6.04B |
| OFED | Oconee 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.