Filing Flows › Shore Bancshares (SHBI) › Q3 2025
Shore Bancshares (SHBI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Shore Bancshares (SHBI) reported revenue of $56.4M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.4% from the quarter before. Operating margin was 33.7%, net earnings $14.3M (25.5% of revenue).
Shore Bancshares, Q3 2025: revenue $56.4M (+12% year over year), operating margin 33.7%, net earnings $14.3M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.4M | -0.4% | +11% |
| Operating profit | $19.0M | -8% | +27% |
| Net earnings | $14.3M | -7% | +28% |
| Operating cash flow | $42.5M | — | +369% |
| Free cash flow | $41.9M | — | +396% |
What changed
Revenue was $56.4M in Q3 2025, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $19.0M, a 33.7% margin (up 4.1 points year over year). Of the extra revenue versus a year earlier, 69% reached operating profit, above the 30% margin then. Total costs grew 5% against revenue growth of 11%. The fastest-growing cost line was Credit loss provision (+104%). Net earnings were $14.3M, up 28% year over year. The effective tax rate was 24.4%.
Operating cash flow was $42.5M (up 369% year over year), 296% of net earnings. Non-cash charges added back $387K of share-based compensation. Working capital and other items added $27.7M. Capital expenditures of $586K left free cash flow of $41.9M.
Questions
What was Shore Bancshares' revenue in the third quarter 2025?
Shore Bancshares (SHBI) reported revenue of $56.4M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.4% from the quarter before.
Was Shore Bancshares profitable in the third quarter 2025?
Operating profit was $19.0M (33.7% of revenue) and net earnings $14.3M.
Source: Shore Bancshares 10-Q on SEC EDGAR.