22.89
+1.96%
Close of 9 Nov 2026, in USD
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About Shore Bancshares
From its filings with the US Securities and Exchange Commission
Shore Bancshares is based in Easton, Maryland and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker SHBI. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $20.9m and net income of $59.5m. At that date it held total assets of $6.26bn and shareholders' equity of $589.9m. By business, Interchange income brought in 34.0% of revenue, followed by Service charges on deposit accounts at 30.2% and Other noninterest income at 18.1%.
Shore Bancshares is registered as a financial holding company under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). The Company is the largest independent financial holding company headquartered on the Eastern Shore of Maryland. The Company conducts business primarily through the Bank. The Bank provides consumer and commercial banking products and services and secondary mortgage lending, trust, wealth management and financial planning services. The Company offered title services through its wholly-owned subsidiary, Mid-Maryland Title Company, Inc. (the “Title Company”), which engaged in residential and commercial real estate settlement activities and offered title insurance policies, title search and lien satisfaction services. The Title Company ceased conducting real estate closings effective March 31, 2025. The Company and the Bank are Affirmative Action/Equal Opportunity Employers.
The Bank, which traces its origin to 1876, is a national banking association chartered under the laws of the United States. The Bank currently operates 40 full-service branches and 10 loan production and administration offices, and provides a full range of commercial and consumer banking products and services to individuals, businesses, and other organizations in Maryland, Delaware and Virginia. The Bank’s deposits are insured up to applicable legal limits by the FDIC.
Quoted from its 10-K, filed 2 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 9 Apr 2001
- Employees
- 595
- Website
- shorebancshares.com ↗
- Head office
- 18 EAST DOVER STREET, EASTON, MD, 21601-3013
- Incorporated in
- MD
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Alan HyattNon-Executive Chairman of the Board$242,793
- Mr. James BurkePresident, Chief Executive Officer, Director, since 2023$1.2m
- Mr. Austin SlaterLead Independent Non-Executive Vice Chairman of the Board$83,363
- Mr. Charles CullumChief Financial Officer, Executive Vice President
- Ms. Donna StevensChief Operating Officer, Executive Vice President$666,101
- Ms. Christy LombardiChief Human Resources Officer, Executive Vice President$582,843
- Mr. Talal TayExecutive Vice President, Chief Risk Officer
- Ms. Andrea ColenderExecutive Vice President, Chief Legal Officer and Corporate Secretary
- Ms. Virginia AndersonExecutive Vice President and Chief Internal Audit Officer
- Mr. B. Scot EbronExecutive Vice President and Chief Banking Officer
- Ms. Lacey PierceExecutive Vice President and Chief Strategy & Project Officer
- Mr. Charles RuchExecutive Vice President and Chief Credit Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 26
- Environment
- 6
- Social
- 36
- Governance
- 36
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Shore Bancshares Inc has several strengths that contribute to its success. Firstly, the company has a strong presence and reputation in the banking industry, which helps attract customers and build trust. Secondly, Shore Bancshares Inc has a solid financial foundation and a diverse portfolio of banking products and services. This allows the company to generate consistent revenue and maintain a competitive edge.
Weaknesses
- Despite its strengths, Shore Bancshares Inc also faces some weaknesses that need to be addressed. One weakness is the company's limited geographical reach, mainly operating in a specific region. This restricts its potential customer base and hampers growth opportunities. Another weakness is the lack of innovation in technology and digital banking services, which puts Shore Bancshares Inc at a disadvantage compared to technologically advanced competitors.
Opportunities
- Shore Bancshares Inc has several opportunities that it can tap into to further its growth. One opportunity is the potential for market expansion by targeting new geographic areas or acquiring smaller regional banks. This will help diversify the customer base and increase market share. Additionally, there is growing demand for digital banking services, presenting an opportunity for Shore Bancshares Inc to invest in technology upgrades and enhance its online and mobile banking platforms.
Threats
- Alongside opportunities, Shore Bancshares Inc also faces certain threats that could impact its performance. One major threat is the increasing competition in the banking industry, especially from larger national and multinational banks. These competitors have greater resources and can offer more extensive services, potentially luring customers away from Shore Bancshares Inc. Furthermore, economic downturns or financial crises pose a threat as they can negatively affect customer confidence, loan repayment rates, and overall profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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