SHBI
SHORE BANCSHARES INC
Next earnings Jul 22, 2026 · consensus $0.51 EPS, $57.3M rev
Last earnings +0.4% on 2026-04-23
$23.29
▲ +2.15%$23.29▲ +59.53%
over 1Y
L $14.60EODHDH $23.29
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.1%
1W+5.5%
1M+14.9%
3M+29.5%
YTD+35.6%
1Y+59.5%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Buy
Profitable community bank at a reasonable 12.8x P/E and ~1.3x book, but DC-metro federal exposure caps conviction.
Diluted EPS $1.78 · FY2025
The read
Middling fundamentals offset by an attractive price (~181% below fair value) — worth a look on the value angle.
SHBI is a $6.26B-asset community bank whose 2025 results actually improved: net income rose 35.6% to $59.5M, diluted EPS climbed 34.8% to $1.78, and operating cash flow grew 33.1% to $62.4M. Equity expanded 9.0% to $590M while liabilities ticked down 0.4%, and retained earnings grew 22.8% to $234M — the balance sheet is being built, not levered up. At $22.79 the stock trades at 12.8x earnings and roughly 1.3x book value ($590M / 33.4M shares ≈ $17.66 book), which is a fair, not cheap, multiple for a bank generating only a 10.1% ROE. Note: the headline P/S of 36.5 and 285% 'net margin' are artifacts of using non-interest contract revenue ($20.9M) as the denominator — they are not meaningful for a bank whose earnings power lives in net interest income.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | $15.3M | $18.3M | $20.9M | $20.9M |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $15.4M | $31.2M | $11.2M | $43.9M | $59.5M |
| Diluted EPS | $1.17 | $1.57 | $0.42 | $1.32 | $1.78 |
| Net margin | — | 203.2% | 61.2% | 209.9% | 285.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF13.1
PEG (trailing)0.37
Earnings yield7.6%
FCF yield7.6%
Quality & risk
ROIC (est.)—
Free cash flow$59.2M
Total debt$90.3M
Net cash$265M
Piotroski F-Score4/7
Capital returns
Buyback yield—
Dividend yield (est.)2.1%
Shareholder yield2.1%
Shares Δ YoY+0.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Officer / director change2026-06-16
Officer/director change disclosed under Item 5.02; no financial impact stated.
- 8-K Material event2026-05-22
Amended code of ethics/bylaws (Item 5.05); governance housekeeping.
- 8-K Shareholder vote2026-05-20
Annual meeting voting results filed; routine shareholder votes recorded.
- 8-K Reg FD disclosure2026-05-04
Q1 2026 detail filed alongside earnings; continues FY25 momentum.
- 10-Q Quarterly report2026-05-04
Q1 2026 detail filed alongside earnings; continues FY25 momentum.
- 8-K Earnings results2026-04-23
Q1 2026 earnings release; follows strong FY25 with NI +35.6% YoY.
- DEF 14A Proxy statement2026-04-08
2026 proxy: routine director slate, comp and auditor ratification.
- 10-K Annual report2026-03-02
FY25: NI $59.5M (+35.6%), EPS $1.78 (+34.8%), equity +9%, OCF +33%.
- 8-K Reg FD disclosure2026-02-02
Reg FD investor communication; no operating change disclosed.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-152026-06-16open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗8-KPeriod ending 2026-05-212026-05-22open ↗8-KPeriod ending 2026-05-202026-05-20open ↗
Frequently asked
- Is SHORE BANCSHARES INC (SHBI) a buy?
- SHBI currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Profitable community bank at a reasonable 12.8x P/E and ~1.3x book, but DC-metro federal exposure caps conviction.
- What is SHBI's fair value?
- A Modified-Graham model based on SHBI's SEC fundamentals estimates a fair value of about $65.38. It is an estimate from reported earnings, not a price target.
- Is SHBI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SHBI currently appears undervalued relative to its SEC-grounded earnings power.
- What is SHORE BANCSHARES INC's quality score?
- SHBI scores 70.23529411764706/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001035092, latest 10-Q filed 2026-05-04) · EODHD · analysis by claude-code · as of 6/25/2026, 3:07:15 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.