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SHORE BANCSHARES INC (SHBI)

Cash Flow 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
CASH FLOWS FROM OPERATING ACTIVITIES:          
    Adjustments to reconcile net income to net cash from operating activities:          
        Net accretion of acquisition accounting estimates  -1.3-1.3 -1.2-0.9-0.6 -0.2
        Provision for credit losses  2.62.1 1.51.11.5 2.4
        Depreciation and amortization  4.14.1 4.33.62.9 2.6
        Net amortization of securities  1.00.9 1.11.11.2 1.2
        (Gain) on mortgage banking activities  -2.2-1.6 -2.5-1.9-1.7  
        Stock-based compensation expense  0.50.5 0.50.40.3 0.4
        Deferred income tax (benefit) expense  -1.5-0.9 -0.7-0.2-0.4 -0.9
        Gain (loss) on sales and valuation adjustments on other real estate owned   0.1  0.00.0  
        Fair value adjustment on equity securities  0.10.1 0.20.10.1 0.0
        Net changes in:          
            Accrued interest receivable  0.41.1 -0.70.00.4 2.3
            Other assets  -3.1-0.7 -0.30.1-0.7 -1.1
            Accrued interest payable  1.50.4 -0.2-0.4-0.4 -0.1
            Other liabilities  -1.31.9 -4.0-3.4-4.3 2.1
                Net cash provided by operating activities  17.736.1 50.148.136.9 24.4
   
CASH FLOWS FROM INVESTING ACTIVITIES:          
    Proceeds from maturities and principal payments of investment securities available for sale  48.752.2 57.344.536.1 44.0
    Purchases of securities held to maturity     -207.5-156.2-166.9 -259.8
    Purchases of equity securities  0.00.0 0.00.00.0 -13.0
    Purchase of restricted securities  -24.0-11.4   -5.7  
    Net change in loans  -333.1-331.4 -280.9-166.2-94.2 -70.7
    Purchases of premises and equipment  -2.3-1.9 -2.3-3.8-3.4 -3.7
    Proceeds from sales of other real estate owned  0.70.3  0.40.1  
    Purchases of bank owned life insurance  -0.2-0.2 -10.1-10.1-10.1 -10.5
    Proceeds from disposal of premises held for sale  0.70.3  0.40.1  
        Net cash (used in) investing activities  -425.2-478.2 -448.8-271.3-216.2 -284.1
   
CASH FLOWS FROM FINANCING ACTIVITIES:          
    Noninterest-bearing deposits  -78.4-35.9 -33.7-21.5-30.0 89.6
    Interest-bearing deposits  7.4-32.0 23.2147.3289.8 334.4
    Short-term borrowings  236.091.5   -4.1 2.5
    Common stock dividends paid  -7.2-7.2 -7.1-6.2-5.2 -5.7
        Net cash provided by (used in) financing activities  158.216.7 -21.6116.2250.5 414.0
   
Supplemental cash flows information:          
    Interest paid  25.418.1 7.75.77.0 6.1
    Income taxes paid  11.27.3 7.14.9  6.6
    Recognition (remeasurement of) lease liabilities arising from right-of-use assets   -0.6 -1.30.50.5  
    Transfers from loans to other real estate owned       0.3  

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