Shore Bancshares

The Company 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 on the Eastern Shore of Maryland and in Delaware. 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 in Kent County, Queen Anne's County, Caroline County, Talbot County and Dorchester County in Maryland and in Kent County, Delaware.
Company Growth (employees)
Type
Public
HQ
Easton, US
Size (employees)
290 (est)+6%
Shore Bancshares is headquartered in Easton, US

Shore Bancshares Office Locations

Shore Bancshares has an office in Easton
Easton, US (HQ)
28969 Information Ln

Shore Bancshares Data and Metrics

Shore Bancshares Financial Metrics

Shore Bancshares's revenue was reported to be $15.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

15.3 m

Gross profit (Q1, 2017)

14.7 m

Gross profit margin (Q1, 2017), %

97%

Net income (Q1, 2017)

2.8 m

EBIT (Q1, 2017)

9.9 m

Market capitalization (17-Aug-2017)

205.2 m

Cash (31-Mar-2017)

48.9 m
Shore Bancshares's current market capitalization is $205.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

41.4 m38.3 m38.9 m57.3 m

Revenue growth, %

(7%)2%47%

Cost of goods sold

6.5 m4.2 m3.3 m2.4 m

Gross profit

34.9 m34 m35.5 m54.9 m

Gross profit Margin, %

84%89%91%96%

Operating expense total

40.7 m39.4 m37.4 m37.1 m

EBIT

34.9 m34 m35.5 m38.2 m

EBIT margin, %

84%89%91%67%

Pre tax profit

8.1 m11.5 m15.9 m

Income tax expense

(6.5 m)3.1 m4.4 m6.3 m

Net Income

(9.6 m)5.1 m7.1 m9.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

14.1 m13.7 m13.5 m13.3 m13.7 m14.4 m14 m14.2 m15.3 m

Cost of goods sold

1.1 m1.1 m906 k859 k827 k665 k620 k578 k514 k

Gross profit

13 m12.6 m12.6 m12.5 m12.9 m13.8 m13.4 m13.7 m14.7 m

Gross profit Margin, %

92%92%93%94%94%95%96%96%97%

R&D expense

739 k741 k783 k868 k800 k809 k854 k976 k872 k

Operating expense total

739 k741 k783 k868 k800 k809 k854 k976 k872 k

EBIT

8.4 m8.6 m8.5 m8.7 m9 m9.2 m9.4 m9.7 m9.9 m

EBIT margin, %

60%63%63%65%66%64%67%68%65%

Pre tax profit

2.1 m2 m2.3 m2.6 m3.1 m4 m3.7 m3.8 m4.7 m

Income tax expense

803 k774 k861 k1 m1.2 m1.5 m1.4 m1.4 m1.9 m

Net Income

2.6 m3.8 m1.4 m3 m4.9 m2.5 m4.7 m7.1 m2.8 m
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

Goodwill

12.5 m11.9 m11.9 m11.9 m

Total Assets

1.1 b1.1 b1.1 b1.2 b

Accounts Payable

997.5 m

Total Debt

3.2 m

Total Liabilities

1 b

Additional Paid-in Capital

32.2 m63.5 m63.8 m64.2 m

Retained Earnings

71.4 m76.5 m83.1 m91 m

Total Equity

103.3 m147 m154.3 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

10.2 x7.7 x7.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

23 m26.9 m24.3 m20.1 m17.4 m73.6 m61.2 m75.1 m48.9 m

Inventories

709.7 m705 m721.6 m741 m777.1 m798.9 m821.1 m860.6 m891.9 m

PP&E

15 m15.2 m16.7 m16.8 m17 m16.8 m16.7 m16.7 m16.8 m

Goodwill

11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m11.9 m

Total Assets

1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b

Accounts Payable

913.5 m940.7 m940.8 m928.9 m959.4 m969.7 m961.1 m992.3 m1 b

Additional Paid-in Capital

63.5 m63.5 m63.7 m63.7 m63.8 m63.9 m64 m64.1 m64.6 m

Retained Earnings

74 m75.3 m77.9 m79.5 m81.2 m85.2 m87.1 m89.1 m93.1 m

Total Equity

138.7 m143.4 m145.9 m150.1 m152.3 m154.8 m157.6 m

Financial Leverage

7.9 x7.6 x7.7 x7.5 x7.4 x7.5 x7.4 x
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 Receivable

235 k(102 k)205 k(218 k)

Accounts Payable

(114 k)(53 k)(66 k)

Cash From Operating Activities

19.8 m13.2 m15.1 m19 m

Cash From Investing Activities

30.5 m(89.5 m)(65.3 m)

Cash From Financing Activities

(119.4 m)41.5 m27.8 m16.9 m

Interest Paid

6.6 m4.3 m3.4 m2.4 m

Income Taxes Paid

265 k243 k518 k435 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

2.6 m3.8 m1.4 m3 m4.9 m2.5 m4.7 m7.1 m2.8 m

Depreciation and Amortization

1.1 m1.7 m621 k1.2 m1.8 m611 k1.2 m1.9 m546 k

Accounts Receivable

(56 k)(79 k)59 k143 k46 k(144 k)(123 k)(15 k)(78 k)

Accounts Payable

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

Cash From Operating Activities

5.6 m9.3 m2.5 m6 m10.1 m3.9 m9 m12.9 m3.8 m

Cash From Investing Activities

(51.2 m)(69.8 m)(14.9 m)(24.2 m)(52 m)2.8 m(6.6 m)(25.7 m)(34.1 m)

Cash From Financing Activities

9 m39.1 m(7.9 m)(18.3 m)11.8 m(6.9 m)(14.9 m)14.1 m3.1 m

Interest Paid

2.2 m3.3 m923 k1.8 m2.6 m672 k1.3 m1.9 m521 k

Income Taxes Paid

85 k85 k95 k279 k368 k235 k523 k588 k235 k
USDY, 2017

Revenue/Employee

55.5 k

Financial Leverage

7.4 x

Shore Bancshares Market Value History

Traffic Overview of Shore Bancshares

Shore Bancshares Company Life and Culture

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