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.
Type
Public
HQ
Easton, US
Size (employees)
275 (est)
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 Metrics

Shore Bancshares Financial Metrics

Revenue (2016)

$57.3 m

Revenue growth (2015-16), %

47%

Gross profit

$54.9 m

Gross profit margin (2016), %

96%

Net income (2016)

$9.6 m

Market capitalization (28-Apr-2017)

$210.3 m

Closing share price (28-Apr-2017)

$17

Cash (31-Dec-2016)

$75.9 m
Shore Bancshares's current market capitalization is $210.3 m.
Shore Bancshares's revenue was reported to be $57.3 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$41.4 m$38.3 m$38.9 m$57.3 m

Revenue growth, %

(7%)2%47%

Cost of goods sold

$6.5 m$4.2 m$3.3 m$2.4 m

Gross profit

$34.9 m$34 m$35.5 m$54.9 m

Gross profit Margin, %

84%89%91%96%

Operating expense total

$40.7 m$39.4 m$37.4 m$37.1 m

EBIT

$34.9 m$34 m$35.5 m$38.2 m

EBIT margin, %

84%89%91%67%

Pre tax profit

$8.1 m$11.5 m$15.9 m

Income tax expense

($6.5 m)$3.1 m$4.4 m$6.3 m

Net Income

($9.6 m)$5.1 m$7.1 m$9.6 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$21.2 m$24.2 m$73.8 m$75.9 m

Accounts Receivable

Inventories

PP&E

$15.2 m$16.3 m$16.9 m$16.6 m

Goodwill

$12.5 m$11.9 m$11.9 m$11.9 m

Total Assets

$1.1 b$1.1 b$1.1 b$1.2 b

Accounts Payable

Additional Paid-in Capital

$32.2 m$63.5 m$63.8 m$64.2 m

Retained Earnings

$71.4 m$76.5 m$83.1 m$91 m

Total Equity

$103.3 m$147 m$154.3 m

Financial Leverage

10.2 x7.7 x7.5 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($9.6 m)$5.1 m$7.1 m$9.6 m

Depreciation and Amortization

$2.4 m$2.3 m$2.4 m$2.4 m

Accounts Receivable

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

Inventories

Accounts Payable

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

Cash From Operating Activities

$19.8 m$13.2 m$15.1 m$19 m

Cash From Investing Activities

$30.5 m($89.5 m)($65.3 m)

Long-term Borrowings

Cash From Financing Activities

($119.4 m)$41.5 m$27.8 m$16.9 m

Interest Paid

$6.6 m$4.3 m$3.4 m$2.4 m

Income Taxes Paid

$265 k$243 k$518 k$435 k

Shore Bancshares Market Value History

Shore Bancshares Company Life

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