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, Executive Vice President
Donna J. Stevens
Chief Operating Officer, Executive Vice President
W. David Morse
Executive Vice President, 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 three months ended 31 March 2020, Shore Bancshares, Inc. interest income remained flat at $14.7M. Net interest income after loan loss provision decreased 1% to $12.2M. Net income before extraordinary items decreased 19% to $3.1M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 4% to 3.48%, Net Interest Spread, Total - % decrease of 2% to 3.2%.
Employees: 284 as of Feb 29, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $102.83M as of Mar 31, 2020
Annual revenue (TTM): $59.79M as of Mar 31, 2020
EBITDA (TTM): $24.13M as of Mar 31, 2020
Net annual income (TTM): $15.57M as of Mar 31, 2020
Free cash flow (TTM): $1.45M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 12,523,667 as of May 11, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization