The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.10, supporting a $6.2 billion asset base following recent merger activity.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 |
|---|
| Cash & Short Term Investments | 997.51M | 50.16M | 609.06M | 482.93M | 139.09M | 700.6M | 326.49M | 217.76M | 221.66M | 228.78M | 239.84M | 281.47M | 328.78M | 277.72M | 336.95M | 252.54M | 41.27M | 15.01M | 17.28M | 20.23M | 60.05M | 42.06M | 23.01M | 29.29M | 42.33M | 31.6M | 20.04M | 34.57M | 14.29M | 8.6M |
| Cash & Due from Banks | 44.05M | 50.16M | 459.85M | 372.41M | 55.5M | 583.61M | 186.92M | 94.97M | 67.22M | 31.82M | 75.94M | 69.3M | 92.67M | 130.62M | 191.44M | 122.76M | 41.27M | 15.01M | 17.28M | 20.23M | 60.05M | 42.06M | 23.01M | 29.29M | 42.33M | 31.6M | 20.04M | 34.57M | 14.29M | 8.6M |
| Short Term Investments | 0 | 0 | 149.21M | 110.52M | 83.59M | 116.98M | 139.57M | 122.79M | 154.43M | 196.96M | 163.9M | 212.16M | 236.11M | 147.1M | 145.51M | 129.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 5.79B | 5.84B | 5.37B | 5.22B | 3.19B | 2.67B | 1.65B | 1.37B | 1.35B | 1.3B | 1.03B | 1B | 945.38M | 859.06M | 920.02M | 966.14M | 986.96M | 1.01B | 968.66M | 878.83M | 823.66M | 743.3M | 709.86M | 630.58M | 559.41M | 514.34M | 495.91M | 465.93M | 156.97M | 156.51M |
| Investments Growth % | 16.32% | 8.79% | 2.83% | 63.8% | 19.56% | 61.89% | 20.13% | 1.76% | 3.79% | 25.62% | 2.85% | 6.28% | 10.05% | -6.63% | -4.77% | -2.11% | -2.5% | 4.5% | 10.22% | 6.7% | 10.81% | 4.71% | 12.57% | 12.72% | 8.76% | 3.72% | 6.43% | 196.83% | 0.29% | - |
| Long-Term Investments | 21.98B | 5.84B | 5.22B | 5.11B | 3.1B | 2.55B | 1.51B | 1.25B | 1.19B | 1.1B | 869.5M | 792.61M | 709.27M | 711.96M | 774.51M | 836.36M | 986.96M | 1.01B | 968.66M | 878.83M | 823.66M | 743.3M | 709.86M | 630.58M | 559.41M | 514.34M | 495.91M | 465.93M | 156.97M | 156.51M |
| Accounts Receivables | 0 | 18.55M | 19.57M | 19.22M | 9.38M | 6.72M | 6.62M | 3.46M | 3.35M | 3.51M | 2.67M | 2.46M | 2.66M | 2.56M | 3.88M | 4.81M | 0 | 0 | 4.61M | 5.01M | 4.89M | 3.9M | 3.28M | 3.04M | 2.96M | 3.32M | 4.33M | 3.58M | 1.35M | 1.48M |
| Goodwill & Intangibles | 91.01M | 92.99M | 107.45M | 117.28M | 74.09M | 75.04M | 19.24M | 19.77M | 20.38M | 21.24M | 13.01M | 13.14M | 13.26M | 15.97M | 16.27M | 16.66M | 18.52M | 21.36M | 21.88M | 22.39M | 5.46M | 3.9M | 3.28M | 3.04M | 2.96M | 3.32M | 4.33M | 1.77M | 1.92M | 2.09M |
| Goodwill | 63.27M | 63.27M | 63.27M | 63.27M | 63.27M | 63.42M | 17.52M | 17.52M | 17.52M | 17.52M | 11.93M | 11.93M | 11.93M | 12.45M | 12.45M | 12.45M | 13.68M | 15.95M | 15.95M | 15.95M | 0 | 0 | 0 | 3.04M | 2.96M | 3.32M | 4.33M | 1.77M | 1.92M | 2.09M |
| Intangible Assets | 27.74M | 29.72M | 44.19M | 54.02M | 10.82M | 11.62M | 1.72M | 2.25M | 2.86M | 3.72M | 1.08M | 1.21M | 1.33M | 3.52M | 3.82M | 4.21M | 4.84M | 5.41M | 5.92M | 6.44M | 5.46M | 3.9M | 3.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 90.24M | 90.69M | 93.19M | 94.87M | 61.12M | 62.99M | 29.72M | 28.59M | 22.71M | 22.63M | 16.56M | 16.86M | 16.27M | 15.2M | 15.59M | 14.66M | 14.48M | 14.31M | 13.86M | 15.62M | 15.97M | 15.19M | 13.07M | 11.3M | 8.53M | 7.22M | 7.04M | 6.5M | 3.37M | 3.26M |
| Other Assets | 138.14M | -5.84B | 149.06M | 144.57M | 79.16M | 59M | 37.72M | 37.3M | 16.78M | 11.1M | 10.5M | 15.43M | 13.66M | 10.92M | 22.03M | 19.76M | 69.08M | 93.62M | 17.01M | 13.75M | 26.99M | 33.35M | 27.2M | 23.6M | 33.05M | 24.44M | 24.16M | 4.02M | 3.16M | 3.19M |
| Total Current Assets | 64.73M | 68.72M | 628.63M | 502.15M | 151.15M | 710.79M | 334.73M | 222.55M | 226.07M | 233.57M | 243.66M | 284.96M | 332.19M | 280.98M | 345.22M | 261.71M | 41.27M | 15.01M | 23.24M | 26.32M | 65.52M | 45.95M | 26.29M | 32.33M | 45.29M | 34.92M | 24.37M | 38.15M | 15.64M | 10.07M |
| Total Non-Current Assets | 6.14B | 213.5M | 5.6B | 5.51B | 3.33B | 2.75B | 1.6B | 1.34B | 1.26B | 1.16B | 916.61M | 850.18M | 768.21M | 773.14M | 840.59M | 896.48M | 1.09B | 1.14B | 1.02B | 930.59M | 880.13M | 805.68M | 764.31M | 673.05M | 608.78M | 547.48M | 528.72M | 480.07M | 165.41M | 165.04M |
| Total Assets | 6.21B | 6.26B | 6.23B | 6.01B | 3.48B | 3.46B | 1.93B | 1.56B | 1.48B | 1.39B | 1.16B | 1.14B | 1.1B | 1.05B | 1.19B | 1.16B | 1.13B | 1.16B | 1.04B | 956.91M | 943.56M | 849.65M | 789.05M | 705.38M | 654.07M | 582.4M | 553.1M | 518.22M | 181.05M | 175.12M |
| Asset Growth % | 9.99% | 0.45% | 3.66% | 72.86% | 0.5% | 78.97% | 23.99% | 5.14% | 6.4% | 20.13% | 2.21% | 3.16% | 4.39% | -11.1% | 2.38% | 2.47% | -2.27% | 10.71% | 9.17% | 1.42% | 11.05% | 7.68% | 11.86% | 7.85% | 12.3% | 5.3% | 6.73% | 186.22% | 3.39% | - |
| Return on Assets (ROA) | 1.01% | 0.95% | 0.72% | 0.24% | 0.9% | 0.57% | 0.9% | 1.06% | 1.74% | 0.88% | 0.84% | 0.64% | 0.47% | -0.86% | -0.82% | -0.08% | -0.15% | 0.66% | 1.15% | 1.42% | 1.51% | 1.57% | 1.36% | 1.4% | 1.42% | 1.41% | 1.49% | 1.95% | 1.25% | 1.35% |
| Accounts Payable | 0 | 0 | 0 | 0 | 1.34M | 3.44M | 1.7M | 330K | 604K | 65K | 74K | 106K | 172K | 225K | 339K | 569K | 0 | 0 | 2.35M | 2.79M | 2.24M | 1.21M | 630.06K | 415.19K | 636.74K | 785K | 1.01M | 0 | 0 | 0 |
| Total Debt | 99.64M | 111.11M | 135.56M | 85.15M | 92.98M | 68.61M | 30.35M | 22.24M | 75.81M | 21.73M | 3.2M | 6.67M | 4.81M | 10.14M | 13.76M | 18.27M | 16.97M | 21.83M | 60.92M | 60.18M | 53.52M | 39.85M | 32.11M | 25.96M | 27.01M | 22.05M | 21.25M | 21.93M | 5M | 5M |
| Net Debt | 55.58M | 60.95M | -324.29M | -287.26M | 37.48M | -515.01M | -156.56M | -72.73M | 8.59M | -10.09M | -72.73M | -62.63M | -87.86M | -120.48M | -177.68M | -104.49M | -24.3M | 6.82M | 43.63M | 39.95M | -6.53M | -2.21M | 9.09M | -3.33M | -15.32M | -9.55M | 1.21M | -12.63M | -9.29M | -3.6M |
| Long-Term Debt | 89.03M | 89.06M | 123.72M | 72.3M | 43.07M | 52.9M | 24.43M | 15M | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 455K | 932K | 1.43M | 7.95M | 12.48M | 25M | 4M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M |
| Short-Term Debt | 1.51M | 11.03M | 0 | 0 | 40M | 4.14M | 1.05M | 2.45M | 60.81M | 21.73M | 3.2M | 6.67M | 4.81M | 10.14M | 13.76M | 17.82M | 16.04M | 20.4M | 52.97M | 47.69M | 28.52M | 35.85M | 27.11M | 20.96M | 22.01M | 17.05M | 16.25M | 16.93M | 0 | 0 |
| Other Liabilities | 5.5B | 5.57B | 25.8M | 28.14M | 7.53M | 7.74M | 4.89M | 2.52M | 7.68M | 2.33M | 1.86M | 3.16M | 3.51M | 3.45M | 4.75M | 8.18M | 0 | 0 | 8.62M | 7.81M | 4.37M | 4.17M | 2.9M | 3.07M | 3.2M | 1.12M | 1.33M | 1.1M | 634.34K | 597.65K |
| Total Current Liabilities | 1.51M | 11.03M | 5.53B | 5.39B | 3.05B | 3.04B | 1.7B | 1.34B | 1.28B | 1.23B | 1B | 985.02M | 956.42M | 947.38M | 1.07B | 1.03B | 1.01B | 1.03B | 900.69M | 816.38M | 804.95M | 742.02M | 689.72M | 613.78M | 567.84M | 505.31M | 481.74M | 453.64M | 153.52M | 146M |
| Total Non-Current Liabilities | 5.6B | 5.67B | 161.36M | 113.66M | 60.51M | 72.2M | 34.2M | 22.32M | 22.68M | 2.33M | 1.86M | 3.16M | 3.51M | 3.45M | 4.75M | 8.64M | 932K | 1.43M | 16.57M | 20.29M | 29.37M | 8.17M | 7.9M | 8.07M | 8.2M | 6.12M | 6.33M | 6.1M | 5.63M | 5.6M |
| Total Liabilities | 5.6B | 5.67B | 5.69B | 5.5B | 3.11B | 3.11B | 1.74B | 1.37B | 1.3B | 1.23B | 1.01B | 988.18M | 959.93M | 950.83M | 1.07B | 1.04B | 1.01B | 1.03B | 917.26M | 836.68M | 832.23M | 748.2M | 696.08M | 621.85M | 576.04M | 511.43M | 488.07M | 459.73M | 159.15M | 151.6M |
| Total Equity | 602.71M | 589.87M | 541.07M | 511.13M | 364.29M | 350.69M | 195.02M | 192.8M | 183.19M | 163.74M | 154.3M | 146.97M | 140.47M | 103.3M | 114.03M | 121.25M | 122.51M | 127.81M | 127.39M | 120.23M | 111.33M | 101.45M | 92.98M | 83.53M | 78.03M | 70.97M | 65.02M | 58.49M | 21.9M | 23.51M |
| Equity Growth % | 34.47% | 9.02% | 5.86% | 40.31% | 3.88% | 79.83% | 1.15% | 5.25% | 11.88% | 6.12% | 4.99% | 4.63% | 35.98% | -9.41% | -5.96% | -1.03% | -4.14% | 0.33% | 5.95% | 8% | 9.74% | 9.11% | 11.31% | 7.05% | 9.94% | 9.15% | 11.18% | 167% | -6.85% | - |
| Equity / Assets (Capital Ratio) | 9.71% | 9.42% | 8.68% | 8.5% | 10.48% | 10.14% | 10.09% | 12.37% | 12.35% | 11.75% | 13.3% | 12.95% | 12.77% | 9.8% | 9.62% | 10.47% | 10.84% | 11.05% | 12.19% | 12.56% | 11.8% | 11.94% | 11.78% | 11.84% | 11.93% | 12.19% | 11.76% | 11.29% | 12.1% | 13.43% |
| Return on Equity (ROE) | 10.76% | 10.52% | 8.34% | 2.57% | 8.72% | 5.63% | 8.11% | 8.62% | 14.41% | 7.08% | 6.4% | 4.95% | 4.14% | -8.87% | -8.19% | -0.74% | -1.33% | 5.7% | 9.26% | 11.62% | 12.74% | 13.26% | 11.56% | 11.76% | 11.8% | 11.76% | 12.89% | 16.93% | 9.77% | 10.08% |
| Book Value per Share | 18.02 | 17.66 | 16.23 | 19.23 | 18.35 | 26.73 | 15.75 | 15.15 | 14.36 | 12.87 | 12.18 | 11.63 | 12.82 | 12.21 | 13.48 | 14.35 | 14.51 | 15.18 | 15.15 | 14.32 | 13.26 | 12.16 | 11.18 | 10.20 | 9.59 | 8.82 | 8.06 | 20.37 | 7.37 | 7.80 |
| Tangible BV per Share | 15.30 | 14.87 | 13.01 | 14.82 | 14.62 | 21.01 | 14.20 | 13.59 | 12.77 | 11.20 | 11.15 | 10.59 | 11.61 | 10.32 | 11.56 | 12.38 | 12.32 | 12.65 | 12.55 | 11.66 | 12.61 | 11.69 | 10.79 | 9.83 | 9.22 | 8.41 | 7.52 | 19.76 | 6.73 | 7.11 |
| Common Stock | 335K | 334K | 333K | 332K | 199K | 198K | 118K | 125K | 127K | 127K | 127K | 126K | 126K | 85K | 85K | 85K | 84K | 84K | 84K | 84K | 84K | 55.57K | 55.15K | 54.01K | 53.72K | 53K | 53K | 53.15K | 19.14K | 10.07K |
| Additional Paid-in Capital | 361.01M | 360.55M | 358.11M | 356.01M | 201.49M | 200.47M | 52.17M | 61.05M | 65.43M | 65.26M | 64.2M | 63.81M | 63.53M | 32.21M | 32.16M | 32.05M | 30.24M | 29.87M | 29.77M | 29.54M | 29.69M | 29.01M | 28.02M | 24.23M | 23.84M | 23.04M | 22.92M | 22.78M | 10.06M | 10.06M |
| Retained Earnings | 246.64M | 233.58M | 190.17M | 162.29M | 171.61M | 149.97M | 141.21M | 131.43M | 120.57M | 99.66M | 90.96M | 83.1M | 76.5M | 71.44M | 81.08M | 90.8M | 92.46M | 96.15M | 96.14M | 90.36M | 82.28M | 73.64M | 65.18M | 58.93M | 52.98M | 47.41M | 42.6M | 37.43M | 11.87M | 13.48M |
| Accumulated OCI | -5.27M | -4.59M | -7.54M | -7.49M | -9.02M | 56K | 1.53M | 207K | -2.95M | -1.31M | -993K | -71K | 316K | -437K | 708K | -1.69M | -1.81M | 160K | 1.39M | 247K | -723K | -1.26M | -278.07K | 310.24K | 1.15M | 466K | -554K | -1.77M | -44.92K | -39.74K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 607.29K | 0 | 0 |
CRE concentration and integration
As reported in recent financial statements, Shore Bancshares has grown its total assets to $6.2 billion in 2026Q1, reflecting a deliberate expansion strategy that leverages the integration of the TCFC acquisition to scale its footprint across the Delmarva Peninsula and into the DC suburban markets.
The bank's asset growth appears to be driven by inorganic expansion rather than purely organic loan demand, which warrants close monitoring of integration-related execution risks. Investors should observe whether this larger asset base can sustain higher yields without compromising the credit quality of the legacy portfolio.
Based on the provided quarterly data, SHBI has maintained a consistent equity-to-assets ratio of approximately 0.09 to 0.10, suggesting that management is prioritizing a stable capital buffer to support its expanded balance sheet and absorb potential volatility from its recent merger activity.
This capital positioning appears adequate for the bank's current risk profile, though it leaves limited room for aggressive capital deployment if regulatory requirements tighten for institutions approaching the $10 billion threshold. The stability of this ratio indicates a disciplined approach to capital management amidst a period of significant structural change.
According to the balance sheet data, cash and cash equivalents have exhibited significant volatility, ranging from $44.1 million in 2026Q1 to a peak of $459.9 million in 2024Q4, indicating a dynamic approach to managing liquidity in response to shifting interest rate environments and investment opportunities.
The bank's heavy reliance on a $5.8 billion investment securities portfolio suggests that liquidity is largely tied to the duration and market value of these holdings. Analysts should monitor whether this concentration in securities creates sensitivity to interest rate fluctuations that could impact the bank's overall liquidity position.
Based on the reported figures, the bank's investment securities portfolio of $5.8 billion represents the vast majority of total assets, which may indicate a heightened sensitivity to interest rate-driven valuation adjustments that are not always immediately reflected in the bank's core earnings.
This heavy concentration in securities warrants further investigation into the duration profile of the portfolio and the potential for unrealized losses to impact tangible book value. Investors should consider whether the bank's reliance on these assets could constrain its ability to pivot toward higher-yielding loan opportunities if market conditions shift.
Quick answers to the most common questions about buying SHBI stock.
As of 2025, Shore Bancshares, Inc. (SHBI) had total assets of $6.26B including $68.7M in current assets.
Shore Bancshares, Inc. (SHBI) carries total debt of $111.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Shore Bancshares, Inc. (SHBI) has total shareholders' equity (book value) of $589.9M ($17.66 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Shore Bancshares, Inc. (SHBI) reported a current ratio of 6.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.