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Shore Bancshares (SHBI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Shore Bancshares (SHBI) Q3 2026 earnings results →
Q3 2026 Revenue up 11% year over year to $62.8M · 27¢ of every $1 of revenue kept as net profit · operating margin 35.5%
Shore Bancshares made $62.8M in Q3 2026 (+11% Y/Y). Operating margin 35.5%, net earnings $16.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $62.8M in Q3 2026, up 11% year over year and up 2% from the previous quarter.
Operating profit was $22.3M, a 35.5% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 51% reached operating profit, above the 34% margin then. Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was Credit loss provision (+76%). Net earnings were $16.8M, up 17% year over year. The effective tax rate was 24.7%.
Operating cash flow was $36.0M (down 15% year over year), 214% of net earnings. Non-cash charges added back $713K of share-based compensation. Working capital and other items added $18.5M. Capital expenditures of $590K left free cash flow of $35.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $62.8M | +11% | 35.5% | $16.8M | $36.0M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $61.7M | +9% | 40.8% | $18.9M | $7.6M |
| Q1 2026 | 10-Q | May 4, 2026 | $59.8M | +13% | 37.9% | $17.1M | $31.6M |
| Q4 2025 | 10-K | Mar 2, 2026 | $59.1M | +12% | 35.2% | $15.9M | $8.5M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $56.4M | +12% | 33.7% | $14.3M | $42.5M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $56.6M | +12% | 36.5% | $15.5M | −$8.3M |
| Q1 2025 | 10-Q | May 8, 2025 | $53.0M | +11% | 34.4% | $13.8M | $19.8M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Shore Bancshares
Shore Bancshares, Inc. was incorporated under the laws of Maryland on March 15, 1996 and is the bank holding company for Shore United Bank, N.A,. Throughout this report, references to the “Company,” “we,” “our,” and “us,” and similar terms refer to the consolidated entity consisting of Shore Bancshares, Inc. and its subsidiaries. “Shore Bancshares” refers solely to the parent holding company, and the “Bank” refers solely to Shore Bancshares’ subsidiary bank, Shore United Bank, N.A. Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. The Company conducts business primarily through the Bank.
In its own words, from its 10-K, filed Mar 2, 2026.
Shore Bancshares against its National Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +8%. Operating margin: 35.5% against the peers' median 32.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SHBI Shore Bancshares | Q3 2026 | $62.8M | +11% | 35.5% |
| JPM JPMorgan Chase | Q3 2026 | $50.2B | +8% | 40.1% |
| BAC Bank of America | Q3 2026 | $30.0B | +3% | 29.9% |
| C Citigroup | Q3 2026 | $23.8B | +8% | 30.6% |
| WFC Wells Fargo | Q3 2026 | $21.9B | +2% | 32.5% |
| COF Capital One Financial | Q3 2026 | $16.3B | +6% | 28.0% |
| USB US Bancorp | Q3 2026 | $8.0B | +9% | 35.1% |
| PNC PNC Financial Services Group | Q3 2026 | $6.6B | +11% | 40.0% |
| TFC Truist Financial | Q3 2026 | $3.7B | -28% | 23.9% |
Source: Shore Bancshares 10-Q on SEC EDGAR · CIK 1035092 · National Commercial Banks
Guidance and outlook
13F: who owns SHBI and who is buying
More on SHBI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results