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SHORE BANCSHARES INC (SHBI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q8-K10-Q10-Q10-Q8-K10-Q
    Interest income:  
        Interest income on loans  117.1107.999.192.081.672.564.858.8
        Interest income on investments  14.913.611.59.27.46.15.04.3
       134.6124.6113.8104.090.379.270.263.3
    Interest expense:  
        Interest on deposits  24.315.910.06.75.14.64.54.5
        Interest on borrowings    0.8   0.5 
       32.120.012.59.07.06.46.06.0
Net interest income  102.4104.5101.395.083.372.864.157.3
Provision for loan losses  2.82.41.9-0.2-0.6-0.2-0.42.4
Net interest income after provision for loan losses  99.6102.299.495.383.972.964.554.8
        Deposit and loan fees    1.3   1.2 
        Gain on sale of investments, net         0.0
        Other non-interest income  20.521.021.721.118.715.812.311.4
Total non-interest income  21.822.423.122.419.917.013.511.4
Non-interest expenses  82.480.980.382.875.966.656.843.9
Pre-tax income before non-recurring items  41.945.544.243.537.132.629.723.3
Non-recurring items  3.02.12.18.79.19.38.50.9
Pre-tax income  38.843.542.134.828.023.321.222.4
Income taxes  10.311.511.09.37.56.35.85.9
            Tax rate  26.5%26.4%26.0%26.7%26.9%27.1%27.4%26.2%
Net income  28.532.031.225.520.517.015.416.5
            Net margin  23.5%25.7%25.5%21.7%19.7%18.9%19.7%24.9%
   
Basic EPS  $1.44$2.15$2.09$1.79$1.68$1.12$1.17$1.39
Diluted EPS  $1.44$1.61$1.57$1.33$1.19$1.12$1.17$1.39
   
Shares outstanding (basic)  19.914.914.914.212.215.113.111.9
Shares outstanding (diluted)  19.919.919.819.217.215.113.111.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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