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 Data and Metrics

Shore Bancshares Financial Metrics

Shore Bancshares's revenue was reported to be $57.3 m in 2016
USD

Revenue (Y, 2016)

57.3 m

Revenue growth (Y, 2015 - Y, 2016), %

47%

Gross profit (Y, 2016)

54.9 m

Gross profit margin (Y, 2016), %

96%

Net income (Y, 2016)

9.6 m

EBIT (Y, 2016)

38.2 m

Market capitalization (23-Jun-2017)

214.2 m

Closing share price (23-Jun-2017)

16.4

Cash (31-Dec-2016)

75.9 m
Shore Bancshares's current market capitalization is $214.2 m.
USDFY, 2013FY, 2014FY, 2015Y, 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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

21.2 m24.2 m73.8 m75.9 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

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

Financial Leverage

10.2 x7.7 x7.5 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
USDY, 2016

Revenue/Employee

208.4 k

Financial Leverage

7.5 x

Shore Bancshares Market Value History

Shore Bancshares Company Life and Culture

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