Shore Bancshares acts as the parent company to several financial institution and insurance entities. The Company has two business segments: Community Banking, and Insurance Products and Services. Its Community Banking segment provides services to consumers and small businesses. The Company is engaged in the banking business through CNB, a Maryland commercial bank with trust powers and The Talbot Bank of Easton, a Maryland commercial bank (the Banks). Its Insurance Products and Services segment provides a range of insurance products and services to businesses and consumers in the Company's market areas. The Banks provide a range of commercial and consumer banking products and services to individuals, businesses, and other organizations.

Type
Public
HQ
Easton, US
Founded
1876
Size (employees)
290 (est)
Shore Bancshares was founded in 1876 and is headquartered in Easton, US
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Shore Bancshares Office Locations

Shore Bancshares has an office in Easton, Grasonville, Felton and Onley
Easton, US (HQ)
28969 Information Ln
Felton, US
120 W Main St
Grasonville, US
202 Pullman Crossing Rd
Onley, US
25306 Lankford Hwy
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Shore Bancshares Financials and Metrics

Shore Bancshares Financials

Shore Bancshares's revenue was reported to be $57.30 m in FY, 2016 which is a 5.5% increase from the previous period.
USD

Revenue (Q2, 2017)

15.6 m

Gross profit (Q2, 2017)

15.1 m

Gross profit margin (Q2, 2017), %

96.5%

Net income (Q2, 2017)

2.4 m

EBIT (Q2, 2017)

10.9 m

Market capitalization (5-Feb-2018)

222.3 m

Cash (4-Feb-2018)

54.1 m

EV

171.5 m
Shore Bancshares's current market capitalization is $222.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

41.4 m55.1 m54.3 m57.3 m

Revenue growth, %

33%(1%)6%

Cost of goods sold

6.5 m4.2 m3.3 m2.4 m

Gross profit

34.9 m50.8 m50.9 m54.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

15 m14.2 m14.1 m13.7 m13.5 m13.3 m13.7 m14.4 m14 m14.2 m15.3 m15.6 m

Cost of goods sold

1.4 m1.1 m1.1 m1.1 m906 k859 k827 k665 k620 k578 k514 k549 k

Gross profit

13.6 m13.1 m13 m12.6 m12.6 m12.5 m12.9 m13.8 m13.4 m13.7 m14.7 m15.1 m

Gross profit Margin, %

91%92%92%92%93%94%94%95%96%96%97%96%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

21.2 m24.2 m73.8 m75.9 m

Accounts Receivable

1.6 m

Inventories

871.5 m

PP&E

15.2 m16.3 m16.9 m16.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

26.1 m22.7 m23 m26.9 m24.3 m20.1 m17.4 m73.6 m61.2 m75.1 m48.9 m54.1 m

Inventories

718.6 m703.6 m709.7 m705 m721.6 m741 m777.1 m798.9 m821.1 m860.6 m891.9 m1 b

PP&E

15.2 m15.1 m15 m15.2 m16.7 m16.8 m17 m16.8 m16.7 m16.7 m16.8 m23.3 m

Goodwill

12.5 m12.5 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m27.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(9.6 m)5.1 m7.1 m9.6 m

Depreciation and Amortization

2.4 m2.3 m2.4 m2.4 m

Accounts Payable

(114 k)(53 k)(66 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(10.8 m)1.3 m2.6 m3.8 m1.4 m3 m4.9 m2.5 m4.7 m7.1 m2.8 m5.2 m

Depreciation and Amortization

1.8 m555 k1.1 m1.7 m621 k1.2 m1.8 m611 k1.2 m1.9 m546 k1.1 m

Accounts Payable

(68 k)(3 k)(27 k)(26 k)(17 k)(33 k)(38 k)(9 k)(20 k)(32 k)(7 k)(20 k)

Cash From Operating Activities

10.4 m3.9 m5.6 m9.3 m2.5 m6 m10.1 m3.9 m9 m12.9 m3.8 m6.9 m
USDY, 2017

EV/EBIT

15.7 x

EV/CFO

25 x

Revenue/Employee

53.9 k

Financial Leverage

8.5 x
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Shore Bancshares Operating Metrics

Shore Bancshares's Total Loans was reported to be $1b in Q2, 2017.
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