Shore Bancshares (SHBI) Revenue & Revenue Breakdown


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Shore Bancshares Revenue Highlights


Latest Revenue (Y)

$295.34M

Latest Revenue (Q)

$81.55M

Main Segment (Y)

Deposit Account

Shore Bancshares Revenue by Period


Shore Bancshares Revenue by Year

DateRevenueChange
2024-12-31$295.34M129.48%
2023-12-31$128.70M3.46%
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 $295.34M in revenue during NA 2024, up 129.48% compared to the previous quarter, and up 490.99% 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 24Dec 23
Deposit Account$6.15M$5.50M

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

Quarterly Revenue by Product

Product/ServiceDec 24Mar 24
Deposit Account$4.64M$1.51M

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

Shore Bancshares Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SHBIShore Bancshares$295.34M$81.55M
SMBCSouthern Missouri Bancorp$273.07M$69.42M
ISTRInvestar$143.87M$39.10M
WNEBWestern New England Bancorp$109.83M$27.84M
OPOFOld Point Financial$60.91M$21.99M
VABKVirginia National Bankshares$53.66M$20.86M
IROQIF Bancorp$45.37M$11.01M
LSBKLake Shore Bancorp$34.80M$9.64M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$7.66M
MGYRMagyar Bancorp$30.42M$8.40M
BSBKBogota Financial$12.05M$10.78M
CBANColony Bankcorp-$44.69M

SHBI Revenue FAQ


What is Shore Bancshares’s yearly revenue?

Shore Bancshares's yearly revenue for 2024 was $295.34M, representing an increase of 129.48% compared to 2023. The company's yearly revenue for 2023 was $128.7M, representing an increase of 3.46% compared to 2022. SHBI's yearly revenue for 2022 was $124.39M, representing an increase of 60.24% compared to 2021.

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 (2022-2024) was 137.43%, and for the last 5 years (2020-2024) was 366.23%.

What are Shore Bancshares’s revenue streams?

Shore Bancshares's revenue streams in c 24 are Deposit Account

What is Shore Bancshares’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Shore Bancshares was Deposit Account. This segment made a revenue of $6.15M, representing 100.00% of the company's total revenue.