Filing Flows › Shore Bancshares (SHBI) › Q1 2026
Shore Bancshares (SHBI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Shore Bancshares (SHBI) reported revenue of $59.8M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +1% from the quarter before. Operating margin was 37.9%, net earnings $17.1M (28.6% of revenue).
Shore Bancshares, Q1 2026: revenue $59.8M (+13% year over year), operating margin 37.9%, net earnings $17.1M, operating cash flow $31.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.8M | +1% | +13% |
| Operating profit | $22.7M | +9% | +24% |
| Net earnings | $17.1M | +8% | +24% |
| Operating cash flow | $31.6M | +272% | +60% |
| Free cash flow | $30.5M | +291% | +63% |
What changed
Revenue was $59.8M in Q1 2026, up 13% year over year and up 1% from the previous quarter.
Operating profit was $22.7M, a 37.9% margin (up 3.5 points year over year). Of the extra revenue versus Q1 2025, 65% reached operating profit, above the 34% margin then. Total costs grew 7% against revenue growth of 13%. Net earnings were $17.1M, up 24% year over year. The effective tax rate was 24.6%.
Operating cash flow was $31.6M (up 60% year over year), 185% of net earnings. Non-cash charges added back $913K of share-based compensation. Working capital and other items added $13.6M. Capital expenditures of $1.1M left free cash flow of $30.5M.
Questions
What was Shore Bancshares' revenue in the first quarter 2026?
Shore Bancshares (SHBI) reported revenue of $59.8M for the first quarter 2026 (Q1 2026), +13% from a year earlier and +1% from the quarter before.
Was Shore Bancshares profitable in the first quarter 2026?
Operating profit was $22.7M (37.9% of revenue) and net earnings $17.1M.
Source: Shore Bancshares 10-Q on SEC EDGAR.