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Bank First vs Shore Bancshares: BFC and SHBI compared
Bank First is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $62.8M for Shore Bancshares (Q3 2026). Bank First is growing faster (+48% against +11% a year earlier). Bank First is more profitable, with an operating margin of 45.8% against 35.5%.
Where the money goes: BFC and SHBI
Bank First (BFC) · Q3 2026
Bank First, Q3 2026: revenue $65.3M (+48% year over year), operating margin 45.8%, net earnings $23.8M, operating cash flow $28.6M. The chart follows the revenue to costs, profit and cash.
Shore Bancshares (SHBI) · Q3 2026
Shore Bancshares, Q3 2026: revenue $62.8M (+11% year over year), operating margin 35.5%, net earnings $16.8M, operating cash flow $36.0M. The chart follows the revenue to costs, profit and cash.
| Bank First (BFC) | Shore Bancshares (SHBI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $65.3M | $62.8M |
| Revenue growth, Y/Y | +48% | +11% |
| Operating margin | 45.8% | 35.5% |
| Net earnings | $23.8M | $16.8M |
| Net margin | 36.4% | 26.7% |
| Operating cash flow | $28.6M | $36.0M |
| Free cash flow | $26.0M | $35.4M |
Where the revenue comes from
Bank First
- Net interest income: $55.2M (85%)
- Noninterest income: $10.1M (15%)
Questions
Which is bigger, Bank First or Shore Bancshares?
Bank First is the larger company: $65.3M of revenue in its latest quarter (Q3 2026) against $62.8M for Shore Bancshares (Q3 2026).
Is Bank First or Shore Bancshares growing faster?
Bank First is growing faster (+48% against +11% a year earlier).
Which is more profitable, Bank First or Shore Bancshares?
Bank First is more profitable, with an operating margin of 45.8% against 35.5%.
More: Bank First earnings · how Bank First makes money · Shore Bancshares earnings · how Shore Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.