Shore Bancshares, Inc. (OQ:SHBI)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 18 E Dover St
EASTON MD 21601-3013
Tel: 1-410-7637800
IR: See website
Key People
Frank E. Mason
Independent Chairman of the Board
Lloyd L. Beatty
President, Chief Executive Officer, Director
Edward Conley Allen
Chief Financial Officer, Senior Vice President
Donna J. Stevens
Chief Operating Officer, Senior Vice President
W. David Morse
General Counsel, Secretary
Business Overview
Shore Bancshares, Inc. is a financial holding company. The Company acts as the parent company to several financial institution and entities. The Company is engaged in community banking activities. 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). 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.
Financial Overview
For the nine months ended 30 September 2019, Shore Bancshares, Inc. interest income increased 9% to $44.6M. Net interest income after loan loss provision increased less than 1% to $36.9M. Net income before extraordinary items increased 3% to $12.3M. Net interest income after loan loss provision reflects Interest and fees on loans increase of 9% to $41.3M, Interest on deposits with other banks increase from $183K to $499K.
Employees: 278 as of Feb 28, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $205.23M as of Sep 30, 2019
Annual revenue (TTM): $59.50M as of Sep 30, 2019
EBITDA (TTM): $24.13M as of Sep 30, 2019
Net annual income (TTM): $15.13M as of Sep 30, 2019
Free cash flow (TTM): $8.44M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,687,972 as of Oct 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization