Shore Bancshares Inc (SHBI)

Nasdaq: SHBI · National Commercial Banks · Easton, MD · filing with the SEC since 1997

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Grade4.4

◀ Past 2.6● Present 5.4▶ Future 5.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Shore Bancshares Inc

Nine metrics read from its own filings, by tense

Headline grade

4.4/10

◀ Past2.640% of the headline

● Present5.435% of the headline

▶ Future5.825% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.6/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed

0.3/10

Has it survived what it has been through?

4 warning events since 2017; the latest 2026-07-23.

weight 45% of this tense · 3rd percentile among 83 sector filers · read for itself

From the record

Shore Bancshares Inc's filings since 2017 show 4 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2026-07-23); a warning not to rely on past financial statements (8-K item 4.02, the latest 2023-12-18); an auditor change (8-K item 4.01, 2 times, the latest 2024-05-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

7.5/10

What has it actually done, year after year?

+25.3% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 75th percentile among 79 sector filers · read for its customers

From the record

Shore Bancshares Inc's 10 filed years say what it did: revenue went from $41 million in fiscal 2016 to $310 million in fiscal 2025, up 25.3% a year; it rose in 8 of 9 years; the deepest fall was 0% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span25.3%top 6% of its family
the share of years revenue rosetop 31% of its family
the share of filed years with a profittop 42% of its family
the deepest fall from a revenue peak0.2%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

2.4/10

How has it treated the people who own it?

Share count grew 18.9% a year. 34% of cash flow returned. Insiders: 1 sales, 8 purchases.

weight 33% of this tense · 24th percentile among 81 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Shore Bancshares Inc's diluted share count grew about 18.9% a year, and dividends and buybacks returned about 34% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 8 purchases of their own stock on the open market in the year to 2026-10-29, buying about $241 thousand (their Form 4 filings).

What it rests on

the share count over the yearsbottom 8% of its family
cash returned against operating cash flowbottom 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.2/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 91%: owes 91¢ per asset dollar.

weight 45% of this tense · 42nd percentile among 83 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Shore Bancshares Inc earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 91 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 25% of its family
return on equitytop 48% of its family
the share count against the year beforebottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.2/10

How strong is its position in its industry?

top 48% of 79 in its family; net margin 19.2%.

weight 33% of this tense · 52nd percentile among 79 sector filers · read for its customers

From the record

Shore Bancshares Inc's standing among 79 graded names in its industry family: revenue of $310 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 19.2% ranks in the bottom 27%; revenue growth of 39.6% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

revenue against the family$310Mbottom 32% of its family
net margin19.2%bottom 27% of its family
three-year revenue growth39.6%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

8.4/10

What are the people in charge doing?

SI estimate 8.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 84th percentile among 79 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 16% of 79 in its family; the record of its people begins on 2023-07-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2023-07-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 79 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Shore Bancshares Inc's leadership is put at 8.4 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 16% of 79 in its family; the record of its people begins on 2023-07-01 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 3.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.8/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.0/10

How much room does it have to grow?

bottom 50% of 71 in its family for room to expand.

weight 33% of this tense · 50th percentile among 71 sector filers · read for itself

From the record

Shore Bancshares Inc's room to grow, from the newest filed statements (fiscal 2025): cash of $356 million against debt of $89 million leaves 4.3% of its assets as net cash, top 36% of its family; cash from operations less capital spending is 19.1% of revenue (bottom 35%) (its annual report).

What it rests on

cash less debt against assets4.3%top 36% of its family
cash from operations less capital spending against revenue19.1%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.5/10

What could actually drive growth from here?

top 34% of 79 in its family for growth drivers.

weight 33% of this tense · 66th percentile among 79 sector filers · read for its customers

From the record

Shore Bancshares Inc's growth drivers, from the filed years to fiscal 2025: revenue grew 39.6% a year over the last three filed years against 25.3% over all 10, speeding up (top 9% of its family); the newest year grew 5% (top 46%); capital spending grew 9.5% a year (top 48%) (its annual reports). Shore Bancshares Inc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+14.3 points a yeartop 9% of its family
the newest year's revenue growth5.0%top 46% of its family
three-year growth of capital spending9.5%top 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 76 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 76 sector filers · read for its shareholders

From the record

Shore Bancshares Inc's newest year against its own record: revenue of $310 million in fiscal 2025 came in 34.8% below the $476 million its prior three years' pace pointed to (bottom 2% of its family); net income of $60 million against a prior three-year average of $29 million (top 10%); a net margin of 19.2% against 15.8% before (top 18%) (its annual reports).

What it rests on

revenue against the prior three years' pace-34.8%bottom 2% of its family
net income against the prior three years' average+107%top 10% of its family
net margin against its prior average+3.4 pointstop 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SHBI · research, not advice