Filing Flows › Shore Bancshares (SHBI) › Q1 2025
Shore Bancshares (SHBI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Shore Bancshares (SHBI) reported revenue of $53.0M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.3% from the quarter before. Operating margin was 34.4%, net earnings $13.8M (26.0% of revenue).
Shore Bancshares, Q1 2025: revenue $53.0M (+11% year over year), operating margin 34.4%, net earnings $13.8M, operating cash flow $19.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $53.0M | +0.3% | +11% |
| Operating profit | $18.3M | +0.6% | +72% |
| Net earnings | $13.8M | +4% | +68% |
| Operating cash flow | $19.8M | -39% | +729% |
| Free cash flow | $18.8M | -40% | 31× |
What changed
Revenue was $53.0M in Q1 2025, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $18.3M, a 34.4% margin (up 12.2 points year over year). Of the extra revenue versus a year earlier, 144% reached operating profit, above the 22% margin then. Total costs fell 6% while revenue rose 11%. The fastest-growing cost line was Credit loss provision (+153%). Net earnings were $13.8M, up 68% year over year. The effective tax rate was 24.6%.
Operating cash flow was $19.8M (up 729% year over year), 144% of net earnings. Non-cash charges added back $511K of share-based compensation. Working capital and other items added $5.5M. Capital expenditures of $1.0M left free cash flow of $18.8M.
Questions
What was Shore Bancshares' revenue in the first quarter 2025?
Shore Bancshares (SHBI) reported revenue of $53.0M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.3% from the quarter before.
Was Shore Bancshares profitable in the first quarter 2025?
Operating profit was $18.3M (34.4% of revenue) and net earnings $13.8M.
Source: Shore Bancshares 10-Q on SEC EDGAR.