Shore Bancshares (SHBI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart

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
SMBC	Southern Missouri Bancorp	$273.07M	$74.54M
SHBI	Shore Bancshares	$238.42M	$81.55M
CBAN	Colony Bankcorp	$160.55M	$44.69M
ISTR	Investar	$141.13M	$39.10M
WNEB	Western New England Bancorp	$101.12M	$27.84M
OPOF	Old Point Financial	$80.28M	$21.99M
VABK	Virginia National Bankshares	$79.09M	$20.86M
IROQ	IF Bancorp	$45.37M	$12.32M
BSBK	Bogota Financial	$38.42M	$10.78M
LSBK	Lake Shore Bancorp	$36.39M	$9.64M
HFBL	Home Federal Bancorp, Inc. of Louisiana	$33.45M	$8.04M
MGYR	Magyar Bancorp	$30.42M	$12.74M

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.